Quarterly report pursuant to Section 13 or 15(d)

Incentive and Non-statutory Stock Option Plan

v3.21.1
Incentive and Non-statutory Stock Option Plan
 9 Months Ended
Mar. 31, 2021
Share-based Payment Arrangement [Abstract]  
Incentive and Non-statutory Stock Option Plan

NOTE 17 - INCENTIVE AND NON-STATUTORY STOCK OPTION PLAN

 

The following table summarizes stock grants awarded as compensation:

 

 

    # of shares     Weighted Average Grant Date Fair Value ($)  
Unvested, June 30, 2020     66,421     $ 5.88  
Vested     (35,722 )   $ 5.72  
Unvested, March 31, 2021     30,699     $ 5.79  

 

For the three and nine months ended March 31, 2021, the Company recorded compensation expense of $74,169 and $239,333, respectively. For the three and nine months ended March 31, 2020, the Company recorded compensation expense of $236,702 and $565,287, respectively. The compensation expense related to the unvested stock grants as of March 31, 2021 was $134,276 which will be recognized during the fiscal years 2021 through 2022.