STOCKHOLDERS’ EQUITY |
9 Months Ended |
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Mar. 31, 2022 | |
| Equity [Abstract] | |
| STOCKHOLDERS’ EQUITY |
NOTE 16 - STOCKHOLDERS’ EQUITY
During the three and nine months ended March 31, 2022, the Company issued nil and 1,985 shares of common stock for services rendered by the independent members of the Board of Directors as part of their board compensation. These shares were valued at the fair market value of $12,009.
During the three and nine months ended March 31, 2022, the Company issued 3,000 shares of its common stock to employees pursuant to the terms of their employment agreements valued at $12,600.
During the three and nine months ended March 31, 2022, the Company issued 2,500 and 5,000 shares of common stock for services received from one of its vendors. These shares were valued at the fair market value of $9,625 and $19,525, respectively.
During the three and nine months ended March 31, 2022, the Company purchased nil and 22,510 shares of its own stock for $100,106 pursuant to the Company’s stock repurchase plan.
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- References No definition available.
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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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