Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation (Tables)

v3.24.3
Stock-Based Compensation (Tables)
12 Months Ended
Jun. 30, 2024
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 fiscal years ended June 30, 2024 and 2023:

 

    June 30, 2024     June 30, 2023  
Expected volatility     60.0% - 90.0 %     50.0% - 60.0 %
Risk-free interest rate     4.24% - 4.77 %     2.87% - 4.32 %
Expected dividend yield            
Expected term (in years)     5.25 6.25       4.5 6.25  
Schedule of Stock Option Activity

The following table summarizes stock option activity for the fiscal year ended June 30, 2024:

 

   

Number of

Shares

   

Weighted

Average Exercise

Price

   

Weighted

Average

Remaining

Contractual

Term

(Years)

   

Aggregate

Intrinsic

Value

 
                         
Outstanding at June 30, 2023     2,049,313     $ 4.54       3.7          
Granted     1,159,573     $ 2.76                  
Exercised     -     $ -                  
Forfeited     (889,838 )   $ 6.24                  
Outstanding at June 30, 2024     2,319,048     $ 3.00       6.0     $ 0.5 million  
Options exercisable at June 30, 2024     813,423     $ 3.14       3.0     $ 0.3 million