Quarterly report [Sections 13 or 15(d)]

Stock-Based Compensation (Tables)

v3.25.1
Stock-Based Compensation (Tables)
 9 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Fair Value Assumptions of Stock Options

There were no options granted during the three months ended March 31, 2025. The following table summarizes the range of key assumptions used to determine the fair value of stock options granted during the three and nine months ended March 31, 2025 and 2024.

 

   

Three Months Ended

March 31,

    

Nine Months Ended

March 31,

  
    2025     2024     2025     2024  
Risk-free interest rate     -       4.27 %     4.07 %     4.27% – 4.77 %
Expected term (in years)     -       6.25       5.00       6.25  
Expected volatility     -        60.0 %      90.0 %     60.0 %
Expected dividend yield     -       -       -       -  
Schedule of Stock Option Activity

The following table summarizes stock option activity for the nine months ended March 31, 2025:

 

   

Number of

Shares

    

Weighted Average

Exercise Price

    

Weighted Average

Remaining

Contractual Term

(Years)

    

Aggregate

Intrinsic Value

  
                         
Outstanding at June 30, 2024     2,319,048     $ 3.00       6.0       -  
Granted     254,433     $ 1.56                  
Exercised     -     $ -                  
Forfeited/cancelled     -     $ -                  
Outstanding at March 31, 2025     2,573,481     $ 2.85       5.7     $           -  
Options exercisable at March 31, 2025     1,369,960     $ 2.83       4.2     $ -