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SHARE-BASED COMPENSATION | 3 Months Ended
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Sep. 30, 2023
Share-Based Payment Arrangement [Abstract] |
SHARE-BASED COMPENSATION | SHARE-BASED COMPENSATION Share-Based Compensation Plans The Company’s 2020 and 2010 Equity Incentive Plans are described in the Company’s Annual Report. As of September 30, 2023, the Company had 4,920,774 authorized shares available for future issuance under all of its stock incentive plans. Share-Based Compensation The following table shows total share-based compensation expense included in the consolidated statements of operations and comprehensive income for the three months ended September 30, 2023 and 2022 (in thousands):
| Three Months Ended September 30, |  |
| 2023 |  | 2022 |  |  |  |
Cost of revenues | $ | 33 |  |  | $ | 11 |  |  |  |  |
Research and development | 1,135 |  |  | 769 |  |  |  |  |
Sales, general and administrative | 332 |  |  | 268 |  |  |  |  |
| 1,500 |  |  | 1,048 |  |  |  |  |
Stock Options During the three months ended September 30, 2023 and 2022, the aggregate intrinsic value of options exercised under the Company’s stock incentive plans was $0.0 million and $0.6 million, respectively, as determined as of the date of option exercise. As of September 30, 2023, the Company had no unrecognized compensation costs related to stock options, and the Company did not grant any employee stock options during the three months ended September 30, 2023, and 2022. Restricted Stock Units (“RSUs”) The following table summarizes the activity of the RSUs made by the Company:
| Number of Shares |  | Weighted Average Grant Date Fair Value Per Share
Non-vested RSUs, June 30, 2023 | 62,948 |  |  | $ | 256.78 |
RSUs granted | 17,678 |  |  | $ | 174.92 |
RSUs vested | (7,444) |  |  | $ | 180.80 |
RSUs canceled | — |  |  | $ | — |
Non-vested RSUs, September 30, 2023 | 73,182 |  |  | $ | 244.73 |
The intrinsic value of RSUs vested in the three months ended September 30, 2023 and 2022 was $1.3 million and $2.1 million, respectively. The total intrinsic value of all outstanding RSUs was $10.6 million as of September 30, 2023. As of September 30, 2023, there were unrecognized compensation costs related to RSUs of $12.8 million which the Company expects to recognize over a weighted average period of 3.3 years.

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