Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation (Tables)

v3.21.2
Stock-Based Compensation (Tables)
 12 Months Ended
Jun. 30, 2021
Share-based Payment Arrangement [Abstract]  
Schedule of Fair Value Assumptions of Stock Options

The following table provides the assumptions used in determining the fair value of option awards for the year June 30, 2021:

 

     
Expected volatility   49.6% - 50.9%
Risk-free interest rate   0.13% - 0.64%
Expected dividend yield   0%
Expected term (in years)   2.5 – 3.6
Schedule of Stock Awards Granted

The following table summarizes stock option activity for the year June 30, 2021:

 

   

Number of

Shares

    

Weighted

Average Exercise

Price

    

Weighted

Average

Remaining

Contractual

Term

(Years)

    

Aggregate

Intrinsic

Value

  
                         
Outstanding at June 30, 2020     -     $ -                  
Granted     604,404     $ 2.18                  
Exercised     -     $ -                  
Forfeited     -     $ -                  
Outstanding at June 30, 2021     604,404     $ 2.18       4.7     $ 2,802,420  
Options exercisable at June 30, 2021     59,664     $ 2.18       4.7     $ 276,642  
Schedule of Restricted Stock-based Awards Granted but Not Yet Vested
   

Number of

Shares

    

Weighted Average

Grant Date

Fair Value

  
Unvested as of June 30, 2020     -     $ -  
Issued     982,500       0.11  
Vested     (982,500 )     0.11  
Unvested as of June 30, 2021     -     $ -