v3.25.2
Stock-Based Compensation (Tables)
 12 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Stock option activity

A summary of stock option activity for the year ended June 30, 2025 is presented in the table below:

 

 

Outstanding

 

 

Nonvested

 

 

 

Stock Option Grants

 

 

Weighted Average Exercise Price

 

 

Weighted Average Remaining Contractual Term in Years

 

 

Aggregate Intrinsic Value

 

 

Stock Option Grants

 

 

Weighted Average Grant Date Fair Value

 

Balance at June 30, 2024

 

 

273,000

 

 

$

8.33

 

 

 

-

 

 

 

-

 

 

 

218,400

 

 

$

3.17

 

Granted

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Exercised

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Forfeited

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Vested

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(54,600

)

 

 

3.17

 

Balance at June 30, 2025

 

 

273,000

 

 

$

8.33

 

 

 

7.70

 

 

 

-

 

 

 

163,800

 

 

$

3.17

 

Exercisable at June 30, 2025

 

 

109,200

 

 

$

8.33

 

 

 

7.70

 

 

 

-

 

 

 

-

 

 

 

-

 

Unrecognized compensation cost

 

$

466,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average remaining recognition period (years)

 

 

2.70

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
Restricted stock The following table presents activity in restricted stock awards under the 2023 Equity Plan for the year ended June 30, 2025:

 

 

Restricted Stock Awards

 

 

Weighted Average Grant Price

 

Non-vested restricted stock awards at July 1, 2024

 

 

88,800

 

 

$

8.35

 

Granted

 

 

-

 

 

 

-

 

Vested

 

 

(22,200

)

 

 

8.35

 

Forfeited

 

 

-

 

 

 

-

 

Non-vested restricted stock awards at June 30, 2025

 

 

66,600

 

 

$

8.35

 

Unrecognized compensation cost

 

$

500,000

 

 

 

 

Weighted average remaining recognition period (years)

 

 

2.70