Quarterly report pursuant to Section 13 or 15(d)

SHARE BASED PAYMENTS

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SHARE BASED PAYMENTS
6 Months Ended
Dec. 31, 2021
Share-based Payment Arrangement [Abstract]  
SHARE BASED PAYMENTS

NOTE 17 – SHARE BASED PAYMENTS

 

The following table summarizes stock grants awarded as compensation:

 

SUMMARY OF UNVESTED STOCK GRANTS AWARDED AS COMPENSATION

    # of shares     Weighted Average Grant Date Fair Value ($)  
Unvested, June 30, 2021     6,985     $ 5.75  
Granted     -     $ -  
Vested     (1,985 )   $ 6.05  
Forfeited / Cancelled     -     $ -  
Unvested, December 31, 2021     5,000     $ 5.69  

 

For the three and six months ended December 31, 2021, the Company recorded compensation expense of $14,225 and $17,228, respectively. For the three and six months ended December 31, 2020, the Company recorded compensation expense of $74,167 and $164,784, respectively. The compensation expense related to the unvested stock grants as of December 31, 2021 was $14,225 which will be recognized during the fiscal year 2022.