STOCKHOLDERS’ EQUITY (Tables)
|
12 Months Ended |
Jun. 30, 2022 |
|---|
| Equity [Abstract] |
|
| SCHEDULE OF STOCK WARRANT ACTIVITY |
Warrant
detail for the year ended June 30, 2022 is reflected below:
SCHEDULE
OF STOCK WARRANT ACTIVITY
| |
|
Number
of Warrants
|
|
|
Weighted Average Exercise Price
Per Warrant
|
|
|
Remaining Contract Term
(# years)
|
|
| Warrants
outstanding and exercisable at June 30, 2021 |
|
|
214,883 |
|
|
$ |
4.49 |
|
|
|
|
|
| Warrants
issued |
|
|
1,240,236 |
|
|
$ |
6.38 |
|
|
|
|
|
| Warrants
outstanding and exercisable at June 30, 2022 |
|
|
1,455,119 |
|
|
$ |
6.10 |
|
|
|
4.17 |
|
Warrant
detail for the year ended June 30, 2021 is reflected below:
| |
|
Number
of Warrants
|
|
|
Weighted Average Exercise Price
Per Warrant
|
|
|
Remaining Contract Term
(# years)
|
|
| Warrants
outstanding and exercisable at June 30, 2020 |
|
|
83,205 |
|
|
$ |
4.00 |
|
|
|
|
|
| Warrants
issued |
|
|
185,955 |
|
|
$ |
4.80 |
|
|
|
|
|
| Warrants
exercised |
|
|
(40,993 |
) |
|
$ |
4.80 |
|
|
|
|
|
| Warrants
forfeited |
|
|
(13,284 |
) |
|
$ |
4.80 |
|
|
|
|
|
| Warrants
outstanding and exercisable at June 30, 2021 |
|
|
214,883 |
|
|
$ |
4.49 |
|
|
|
2.92 |
|
|
| SCHEDULE OF STOCK OPTIONS ACTIVITY |
Activity
in stock options during the year ended June 30, 2022 and related balances outstanding as of that date are reflected below:
SCHEDULE
OF STOCK OPTIONS ACTIVITY
| |
|
Number
of Shares
|
|
|
Weighted Average Exercise
Price
|
|
|
Weighted Average Remaining Contract Term
(# years)
|
|
| Outstanding
at June 30, 2021 |
|
|
531,205 |
|
|
$ |
11.02 |
|
|
|
|
|
| Exercised |
|
|
(3,400 |
) |
|
$ |
4.65 |
|
|
|
|
|
| Forfeited
and cancelled |
|
|
(24,372 |
) |
|
$ |
11.65 |
|
|
|
|
|
| Outstanding
and exercisable at June 30, 2022 |
|
|
503,433 |
|
|
$ |
11.03 |
|
|
|
5.66 |
|
Activity
in stock options during the year ended June 30, 2021 and related balances outstanding as of that date are reflected below:
| |
|
Number
of Shares
|
|
|
Weighted Average Exercise
Price
|
|
|
Weighted Average Remaining Contract Term
(# years)
|
|
| Outstanding
at June 30, 2020 |
|
|
579,584 |
|
|
$ |
11.00 |
|
|
|
|
|
| Exercised |
|
|
(22,760 |
) |
|
$ |
6.16 |
|
|
|
|
|
| Forfeited
and cancelled |
|
|
(25,619 |
) |
|
$ |
14.62 |
|
|
|
|
|
| Outstanding
at June 30, 2021 |
|
|
531,205 |
|
|
$ |
11.02 |
|
|
|
6.73 |
|
| Exercisable
at June 30, 2021 |
|
|
490,323 |
|
|
$ |
10.87 |
|
|
|
6.64 |
|
|
| SCHEDULE OF RESTRICTED STOCK UNITS ACTIVITY |
Activity
in RSUs during the year ended June 30, 2022 and related balances outstanding as of that date are reflected below:
SCHEDULE
OF RESTRICTED STOCK UNITS ACTIVITY
| |
|
Number
of Shares |
|
|
Weighted
Average Grant date Fair Value |
|
|
Weighted
Average Remaining Contract Term (#
years)
|
|
| Outstanding
at June 30, 2021 |
|
|
131,652 |
|
|
$ |
9.25 |
|
|
|
|
|
| Granted |
|
|
250,786 |
|
|
$ |
4.82 |
|
|
|
|
|
| Vested/Settled |
|
|
(9,156 |
) |
|
$ |
11.56 |
|
|
|
|
|
| Forfeited
and cancelled |
|
|
(69,061 |
) |
|
$ |
6.93 |
|
|
|
|
|
| Outstanding
at June 30, 2022 |
|
|
304,221 |
|
|
$ |
6.06 |
|
|
|
1.82 |
|
Activity
in RSUs during the year ended June 30, 2021 and related balances outstanding as of that date are reflected below:
| |
|
Number
of Shares |
|
|
Weighted
Average Grant date Fair Value |
|
|
Weighted
Average Remaining Contract Term (#
years)
|
|
| Outstanding at June
30, 2020 |
|
|
- |
|
|
$ |
- |
|
|
|
|
|
| Granted |
|
|
153,177 |
|
|
$ |
9.20 |
|
|
|
|
|
| Forfeited
and cancelled |
|
|
(21,525 |
) |
|
$ |
8.88 |
|
|
|
|
|
| Outstanding
at June 30, 2021 |
|
|
131,652 |
|
|
$ |
9.25 |
|
|
|
2.72 |
|
|
| SCHEDULE OF STOCK-BASED COMPENSATION EXPENSES |
The
following table summarizes stock-based compensation expense for employee and non-employee option and RSU grants:
SCHEDULE
OF STOCK-BASED COMPENSATION EXPENSES
| |
|
|
|
|
|
|
|
|
| Years
ended June 30, |
|
2022 |
|
|
2021 |
|
| Research
and development |
|
$ |
144,000 |
|
|
$ |
178,000 |
|
| Selling
and administrative |
|
|
567,000 |
|
|
|
619,000 |
|
| Total
stock-based compensation expense |
|
$ |
711,000 |
|
|
$ |
797,000 |
|
|