v3.25.2
SHAREHOLDERS' EQUITY AND STOCK-BASED COMPENSATION (Tables)
3 Months Ended
Sep. 30, 2024
SHAREHOLDERS' EQUITY AND STOCK-BASED COMPENSATION [Abstract]  
Stock-Based Compensation
The following table summarizes the components of the Company’s stock-based compensation included in net income for the periods presented:

   
Three Months Ended September 30,
 
   
2024
   
2023
 
Employee stock options
 
$
43,422
   
$
51,444
 
Totals
 
$
43,422
   
$
51,444
 
Stock Option Activity The following is a summary of the stock option activity for the three months ended September 30, 2024:


 
Shares
   
Weighted
Average
Exercise Price
 
Outstanding, June 30, 2024
   
268,064
   
$
8.14
 
Granted
    2,000       1.79  
Forfeited
   
(4,094
)
 
$
7.75
 
Expired
   
(28,131
)
 
$
5.92
 
Outstanding, September 30, 2024
   
237,839
   
$
8.36
 
Stock Options Outstanding
The following table summarizes information about stock options outstanding at September 30, 2024:

Options Outstanding
   
Options Exercisable
   
Options Vested or Expected to Vest
 
Balance
as of
9/30/2024
   
Weighted
Average Remaining
Contractual Life
(Years)
   
Weighted
Average
Exercise
Price
   
Balance
as of
9/30/2024
   
Weighted
Average Remaining
Contractual Life
(Years)
   
Weighted
Average
Exercise
Price
   
Balance
as of
9/30/2024
   
Weighted
Average Remaining
Contractual Life
(Years)
   
Weighted
Average
Exercise
Price
 
 
237,839
     
6.59
   
$
8.36
     
87,200
     
5.45
   
$
9.18
     
234,640
     
6.55
   
$
8.41