Quarterly report pursuant to Section 13 or 15(d)

Incentive and Non-statutory Stock Option Plan

v3.20.4
Incentive and Non-statutory Stock Option Plan
 6 Months Ended
Dec. 31, 2020
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     (25,309 )   $ 5.76  
Unvested, December 31, 2020     41,112     $ 5.75  

 

For the three and six months ended December 31, 2020, the Company recorded compensation expense of $74,167 and $164,784, respectively. For the three and six months ended December 31, 2019, the Company recorded compensation expense of $164,292 and $328,585, respectively. The compensation expense related to the unvested stock grants as of December 31, 2020 was $208,445 which will be recognized during the fiscal years 2021 through 2022.