INCENTIVE AND NON-STATUTORY STOCK OPTION PLAN (Details Narrative) - USD ($) |
3 Months Ended | 9 Months Ended | ||
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Mar. 31, 2024 |
Mar. 31, 2023 |
Mar. 31, 2024 |
Mar. 31, 2023 |
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Closing stock price | $ 2.77 | |||
Options granted | 250,000 | |||
Options granted, exercise price | $ 2.15 | |||
Weighted average remaining life in years granted | 8 months 26 days | |||
Compensation expenses | $ 39,750 | $ 39,750 | $ 128,300 | $ 119,250 |
Officers And Employees [Member] | ||||
Options granted | 250,000 | |||
Options granted, exercise price | $ 2.15 | |||
Weighted average remaining life in years granted | 1 year | |||
Compensation expenses | $ 101,424 | |||
Risk-free interest rates | 5.24% | |||
Expected life (in years) | 6 months | |||
Expected volatility | 63.60% | |||
Expected dividend | 0.00% |
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- Definition Closing stock price. No definition available.
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- Definition Share based compensation arrangement by share based payment award options outstanding grants weighted average remaining contractual term 2. No definition available.
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- Definition Amount of expense for employee benefit and equity-based compensation. No definition available.
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- Definition The estimated dividend rate (a percentage of the share price) to be paid (expected dividends) to holders of the underlying shares over the option's term. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The estimated measure of the percentage by which a share price is expected to fluctuate during a period. Volatility also may be defined as a probability-weighted measure of the dispersion of returns about the mean. The volatility of a share price is the standard deviation of the continuously compounded rates of return on the share over a specified period. That is the same as the standard deviation of the differences in the natural logarithms of the stock prices plus dividends, if any, over the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The risk-free interest rate assumption that is used in valuing an option on its own shares. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Gross number of share options (or share units) granted during the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Weighted average per share amount at which grantees can acquire shares of common stock by exercise of options. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Expected term of award under share-based payment arrangement, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Details
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