Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.24.0.1
Stock-Based Compensation (Tables)
 6 Months Ended
Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of Fair Value Assumptions of Stock Options

The following table summarizes the range of key assumptions used to determine the fair value of stock options granted during the three and six months ended December 31, 2023 and 2022.

  

   

Three Months Ended

December 31,

    

Six Months Ended

December 31,

  
    2023     2022     2023     2022  
Risk-free interest rate     4.77 %     3.7% – 4.3 %     4.6%-4.8 %     2.9% – 4.3 %
Expected term (in years)     6.25       4.5 – 6.25       6.25       4.5 – 6.25  
Expected volatility     60 %     60.0 %     60 %     50.0% – 60.0 %
Expected dividend yield     –       –       –       –  
Schedule of Stock Option Activity

The following table summarizes stock option activity for the six months ended December 31, 2023:

   

   

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     776,097     $ 3.03                  
Exercised     -     $ -                  
Forfeited/cancelled     (452,237 )   $ 6.58                  
Outstanding at December 31, 2023     2,373,173     $ 3.66       5.3     $ 137,362  
Options exercisable at December 31, 2023     1,008,057     $ 4.33       2.9     $ 102,468