STOCKHOLDERS’ EQUITY (DEFICIT) (Tables)
|
3 Months Ended |
Sep. 30, 2024 |
|---|
| Class of Warrant or Right [Line Items] |
|
| SCHEDULE OF STOCK OPTIONS ACTIVITY |
Activity
in the Company’s stock options during the three months ended September 30, 2024 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) |
|
|
Aggregate
intrinsic Value |
|
|
Weighted
Average Grant Date Fair Value |
|
| Outstanding at June 30, 2024 |
|
|
1,605,060 |
|
|
$ |
4.85 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Granted |
|
|
– |
|
|
|
– |
|
|
|
|
|
|
|
|
|
|
$ |
– |
|
| Exercised |
|
|
– |
|
|
|
– |
|
|
|
|
|
|
$ |
– |
|
|
|
|
|
| Forfeited and cancelled |
|
|
(84,942 |
) |
|
|
3.39 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Outstanding at September 30, 2024 |
|
|
1,520,118 |
|
|
|
4.94 |
|
|
|
7.63 |
|
|
|
– |
|
|
|
|
|
| Exercisable at September 30, 2024 |
|
|
420,825 |
|
|
|
8.88 |
|
|
|
4.55 |
|
|
|
– |
|
|
|
|
|
Activity
in the Company’s stock options during the three months ended September 30, 2023 and related balances outstanding as of that date
are reflected below:
| |
|
Number
of Shares |
|
|
Weighted
Average Exercise Price |
|
|
Weighted
Average Remaining Contract Term
(# years) |
|
|
Aggregate
intrinsic Value |
|
|
Weighted
Average Grant Date Fair Value |
|
| Outstanding at June 30, 2023 |
|
|
973,400 |
|
|
$ |
6.44 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Granted |
|
|
– |
|
|
|
– |
|
|
|
|
|
|
|
|
|
|
$ |
– |
|
| Exercised |
|
|
– |
|
|
|
– |
|
|
|
|
|
|
$ |
– |
|
|
|
|
|
| Forfeited and cancelled |
|
|
(34,230 |
) |
|
|
8.19 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Outstanding at September 30, 2023 |
|
|
939,170 |
|
|
|
6.40 |
|
|
|
7.29 |
|
|
|
|
|
|
|
|
|
| Exercisable at September 30, 2023 |
|
|
376,978 |
|
|
|
10.82 |
|
|
|
4.62 |
|
|
|
|
|
|
|
|
|
|
| SCHEDULE OF RESTRICTED STOCK UNITS ACTIVITY |
Activity
in RSUs during the three months ended September 30, 2024 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, 2024 |
|
|
114,666 |
|
|
$ |
5.56 |
|
|
|
|
|
| Granted |
|
|
– |
|
|
|
– |
|
|
|
|
|
| Vested and settled |
|
|
– |
|
|
|
– |
|
|
|
|
|
| Forfeited and cancelled |
|
|
– |
|
|
|
– |
|
|
|
|
|
| Outstanding at September 30, 2024 |
|
|
114,666 |
|
|
|
5.56 |
|
|
|
0.36 |
|
Activity
in RSUs during the three months ended September 30, 2023 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, 2023 |
|
|
193,749 |
|
|
$ |
6.09 |
|
|
|
|
|
| Granted |
|
|
– |
|
|
|
– |
|
|
|
|
|
| Vested and settled |
|
|
– |
|
|
|
– |
|
|
|
|
|
| Forfeited and cancelled |
|
|
(1,539 |
) |
|
|
5.75 |
|
|
|
|
|
| Outstanding at September 30, 2023 |
|
|
192,210 |
|
|
|
6.09 |
|
|
|
0.74 |
|
|
| SCHEDULE OF STOCK-BASED COMPENSATION EXPENSES |
The
following table summarizes stock-based compensation expense for employee and non-employee stock option and RSU grants:
SCHEDULE
OF STOCK-BASED COMPENSATION EXPENSES
| |
|
2024 |
|
|
2023 |
|
| |
|
Three months ended September
30, |
|
| |
|
2024 |
|
|
2023 |
|
| Selling and administrative |
|
$ |
319,000 |
|
|
$ |
216,000 |
|
| Research and development |
|
|
28,000 |
|
|
|
60,000 |
|
| Total
stock-based compensation expense |
|
$ |
347,000 |
|
|
$ |
276,000 |
|
|
| Warrant [Member] |
|
| Class of Warrant or Right [Line Items] |
|
| SCHEDULE OF STOCK WARRANT ACTIVITY |
Warrant
detail for the three months ended September 30, 2024 is reflected below:
SCHEDULE OF STOCK WARRANT ACTIVITY
| |
|
Number of
Warrants
|
|
|
Weighted
Average Exercise Price Per Warrant |
|
|
Weighted
Average Remaining Contract Term (# years) |
|
| Warrants outstanding and exercisable
at June 30, 2024 |
|
|
1,413,110 |
|
|
$ |
6.14 |
|
|
|
|
|
| Warrants issued |
|
|
- |
|
|
|
- |
|
|
|
|
|
| Warrants exercised |
|
|
- |
|
|
|
- |
|
|
|
|
|
| Warrants forfeited and
cancelled |
|
|
- |
|
|
|
- |
|
|
|
|
|
| Warrants outstanding
and exercisable at September 30, 2024 |
|
|
1,413,110 |
|
|
|
6.14 |
|
|
|
2.23 |
|
Warrant
detail for the three months ended September 30, 2023 is reflected below:
| |
|
Number of
Warrants
|
|
|
Weighted
Average Exercise Price Per Warrant |
|
|
Weighted
Average Remaining Contract Term (# years) |
|
| Warrants outstanding and exercisable
at June 30, 2023 |
|
|
1,455,119 |
|
|
$ |
6.10 |
|
|
|
|
|
| Warrants issued |
|
|
- |
|
|
|
- |
|
|
|
|
|
| Warrants exercised |
|
|
- |
|
|
|
- |
|
|
|
|
|
| Warrants forfeited and
cancelled |
|
|
(83,205 |
) |
|
|
4.00 |
|
|
|
|
|
| Warrants outstanding
and exercisable at September 30, 2023 |
|
|
1,371,914 |
|
|
|
6.23 |
|
|
|
3.18 |
|
|