15. Stock Options (Tables)

12 Months Ended

Jun. 30, 2022

15. Stock Options

Schedule of fair value of our stock options for the years

	Year Ended			Year Ended
	June 30, 2022			June 30, 2021
Expected term (in years)		10			10
Risk-free interest rate		1.91	%		1.40	%
Expected volatility		72	%		66	%
Dividend rate		0			0

Option activity

	Year Ending
	June 30, 2022					June 30, 2021
Shares under option:	Shares			Weighted-Average Exercise Price		Shares			Weighted-Average Exercise Price
Outstanding, beginning of year		1,180,757		$	8.73		96,586		$	4.35
Granted		120,000			5.78		1,094,171			9.07
Exercised		-			-		(1,000	)		3.05
Forfeited		(142,113	)		8.98		(9,000	)		3.11
Outstanding, end of year		1,158,644		$	8.40		1,180,757		$	8.73
Options exercisable at year-end		567,594		$	8.13		296,821		$	7.69
Weighted average fair value per share of options granted during the fiscal year				$	4.43				$	7.25

Options outstanding

	As of June 30, 2022 Options Outstanding						As of June 30, 2022 Exercisable
Range Exercise Price	Number Outstanding		Remaining Contractual Life (Years)		Average Exercise Price		Number Outstanding		Average Exercise Price
$5.35 - $ 11.30		1,097,939		8.34	$	8.68		506,889	$	8.70
$2.91 - $ 4.65		60,705		4.51	$	3.37		60,705	$	3.37
		1,158,644						567,594

	As of June 30, 2021 Options Outstanding						As of June 30, 2021 Exercisable
Range Exercise Price	Number Outstanding		Remaining Contractual Life (Years)		Average Exercise Price		Number Outstanding		Average Exercise Price
$5.35 - $ 11.30		1,120,052		9.35	$	9.03		238,351	$	8.76
$2.91 - $ 4.65		60,705		5.28	$	3.36		58,470	$	3.32
		1,180,757						296,821