v3.22.2.2
Equity Incentive Plans StockBased Compensation Exercise of Options and Warrants Outstanding (Tables)
12 Months Ended
Jun. 30, 2022
Equity Incentive Plans StockBased Compensation Exercise of Options and Warrants Outstanding (Tables)  
Schedule of fair value of the warrants assumptions

 

 

Years Ended June 30,

 

 

 

2022

 

 

2021

 

Expected term (in years)

 

5-10

 

 

3-10

 

Expected stock price volatility

 

80.84 to 112.37%

 

 

89.88 to 109.33%

 

Risk-free interest rate

 

0.69% to 1.61%

 

 

0.31 to 0.68%

 

Expected dividend yield

 

 

0

 

 

 

0

 

Components of stock-based compensation expense

 

 

Years ended

June 30,

 

 

 

2022

 

 

2021

 

 

 

 

 

 

 

 

Research and development expenses

 

$160,000

 

 

$183,000

 

General and administrative expenses

 

 

423,000

 

 

 

-

 

Total stock-based compensation expense

 

$583,000

 

 

$183,000

 

Schedule of stock option activity

 

 

Number of

Options

 

 

Weighted

Average

Exercise Price

 

 

Weighted

Average

Remaining

Contractual Life

(Years)

 

 

Aggregate

Intrinsic

Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at June 30, 2020

 

 

22,803,098

 

 

$0.18

 

 

 

1.83

 

 

$5,857,312

 

Granted

 

 

452,987

 

 

$0.27

 

 

 

6.96

 

 

 

 

Exercised

 

 

(16,181,820 )

 

$0.11

 

 

 

 

 

 

 

Forfeited/expired

 

 

(294,330 )

 

$0.55

 

 

 

 

 

 

 

Outstanding at June 30, 2021

 

 

6,779,935

 

 

$0.35

 

 

 

4.45

 

 

$345,923

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Granted

 

 

3,900,000

 

 

$0.24

 

 

 

8.75

 

 

 

 

Exercised

 

 

(166,666 )

 

$0.14

 

 

 

 

 

 

 

Forfeited/expired

 

 

(2,245,000 )

 

$0.54

 

 

 

 

 

 

 

Outstanding at June 30, 2022

 

 

8,268,269

 

 

$0.25

 

 

 

6.91

 

 

$

 

Exercisable at June 30, 2022

 

 

4,436,949

 

 

$0.26

 

 

 

5.10

 

 

$

 

Unvested stock options at June 30, 2022

 

 

3,831,320

 

 

$0.23

 

 

 

9.06

 

 

$

 

Schedule of Restricted Stock Award Activity

 

 

 

 

 

Weighted

 

 

 

 

 

 

Average

 

 

 

Number of

 

 

Grant Date

 

 

 

Shares

 

 

Fair Value

 

Total unvested shares outstanding at June 30, 2020

 

 

116,787

 

 

$0.32

 

 

 

 

 

 

 

 

 

 

Total shares granted

 

 

58,394

 

 

$0.22

 

Total shares vested

 

 

(58,395 )

 

$0.41

 

Total shares forfeited

 

 

 

 

$

 

Total unvested shares outstanding at June 30, 2021

 

 

116,786

 

 

$0.22

 

 

 

 

 

 

 

 

 

 

Total shares granted

 

 

 

 

$

 

Total shares vested

 

 

(58,394 )

 

$0.25

 

Total shares forfeited

 

 

 

 

$

 

Total unvested shares outstanding at June 30, 2022

 

 

58,392

 

 

$0.19

 

Schedule of vesting outstanding restricted stock

 

 

Year Ending June 30,

 

 

 

2023

 

 

2024

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

Scheduled vesting

 

 

38,928

 

 

 

19,464

 

 

 

58,392