Annual report pursuant to Section 13 and 15(d)

INCENTIVE AND NON-STATUTORY STOCK OPTION PLAN (Tables)

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INCENTIVE AND NON-STATUTORY STOCK OPTION PLAN (Tables)
 12 Months Ended
Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]  
SUMMARY OF UNVESTED STOCK GRANTS AWARDED AS COMPENSATION

The following table summarizes stock grants awarded as compensation:

 

    # Number of shares     Weighted Average Grant Date Fair Value ($)  
             
Unvested, June 30, 2022     -     $ -  
Granted     58,317     $ 2.73  
Vested     (58,317 )   $ 2.73  
Unvested, June 30, 2023     -     $ -  
Granted     75,035     $ 2.24  
Vested     (75,035 )   $ 2.24  
Unvested, June 30, 2024     -     $ -  
SCHEDULE OF COMMON STOCK PURCHASE OPTIONS

 

    # of shares     Weighted Average Exercise Price     Weighted Average Remaining Contractual Life (in years)     Aggregated Intrinsic Value  
                         
Outstanding and exercisable, June 30, 2023     -       -       -          
Granted     250,000     $ 2.15       0.50          
Exercised     -       -       -          
Expired / Cancelled     -       -       -          
Outstanding and exercisable, June 30, 2024     250,000     $ 2.15       0.50     $ 97,500  
SUMMARY OF STOCK OPTIONS OUTSTANDING

The following table summarizes information about stock options outstanding and exercisable at June 30, 2024.

 

Exercise Price   Number Outstanding and Exercisable     Weighted Average Remaining Contractual Life     Weighted Average Exercise Price  
OPTIONS:                        
                         
$2.15     250,000       0.50     $ 2.15  
$2.15     250,000       0.50     $ 2.15  
Totals     250,000       0.50     $ 2.15