Stock Options (Tables)

6 Months Ended

Dec. 31, 2022

Stock Options

Schedule of fair value of our stock options for the years

	Six months ended December 31,					Year ended June 30,
	2022		2021 (unaudited)			2022			2021
Expected term (in years)		-		10			10			10
Risk-free interest rate		-		1.42	%		1.91	%		1.40	%
Expected volatility		-		72	%		72	%		66	%
Dividend rate		-		0			0			0

Option activity

	Six months ended December 31,										Year Ending
	2022					2021 (unaudited)					June 30, 2022					June 30, 2021
Shares under option:	Shares			Weighted-Average Exercie Price		Shares			Weighted-Average Exercie Price		Shares			Weighted-Average Exercie Price		Shares			Weighted-Average Exercie Price
Outstanding, beginning		1,158,644		$	8.40		1,180,757		$	8.73		1,180,757		$	8.73		96,586		$	4.35
Granted		-			-		60,000			5.85		120,000			5.78		1,094,171			9.07
Exercised		-			-		-			-		-			-		(1,000	)		3.05
Forfeited		(42,834	)		8.33		(56,000	)		10		(142,113	)		8.98		(9,000	)		3.11
Outstanding, end		1,115,810		$	8.40		1,184,757		$	8.53		1,158,644		$	8.40		1,180,757		$	8.73
Options exercisable end of the period		632,175		$	8.30		339,743		$	7.77		567,594		$	8.13		296,821		$	7.69
Weighted average fair value per share of options granted during the period				$	0.00				$	4.48				$	4.43				$	7.25

NonVested Shares under option:	Shares			Weighted-Average Grant Date Fair Value		Shares			Weighted-Average Grant Date Fair Value		Shares			Weighted-Average Grant Date Fair Value		Shares			Weighted-Average Grant Date Fair Value
Outstanding, beginning		591,050		$	6.75		970,082		$	7.16		970,082		$	7.16		44,352		$	3.96
Granted		-			-		60,000			4.48		120,000			4.43		1,094,171			7.25
Vested		(106,248	)		6.73		(129,068	)		6.85		(356,919	)		7.17		(168,441	)		6.88
Forfeited		(1,167	)		4.48		(56,000	)		7.31		(142,113	)		6.53		-			0
Outstanding, end		483,635		$	6.76		845,014		$	7.01		591,050		$	6.75		970,082		$	7.16

	Six months ended December 31,
	2022						2021 (unaudited)
	Shares		Weighted-Average Exercise price		Weighted-Average Remaining Contractual term		Shares		Weighted-Average Exercise price		Weighted-Average Remaining Contractual term
Vested Shares under option:		632,175	$	8.30		7.30		339,743	$	7.77		7.88

	Year Ending  June 30,
	2022						2021
	Shares		Weighted-Average Exercise price		Weighted-Average Remaining Contractual term		Shares		Weighted-Average Exercise price		Weighted-Average Remaining Contractual term
Vested Shares under option:		567,594	$	8.13		7.73		296,821	$	7.69		8.55

Options outstanding

	As of December 31, 2022 Options Outstanding						As of December 31, 2022 Exercisable
Range Exercise Price	Number Outstanding		Remaining Contractual Life (Years)		Average Excersie Price		Number Outstanding		Average Excersie Price
$5.35 - $ 11.30		1,055,105		7.85	$	8.69		571,470	$	8.82
$2.91 - $ 4.65		60,705		4.00	$	3.36		60,705	$	3.36
		1,115,810						632,175

	As of June 30, 2022 Options Outstanding						As of June 30, 2022 Exercisable
Range Exercise Price	Number Outstanding		Remaining Contractual Life (Years)		Average Excersie Price		Number Outstanding		Average Excersie 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 Excersie Price		Number Outstanding		Average  Excersie 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