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Compensatory Equity Incentive Plan and Other Equity Incentives (Tables) | 12 Months Ended
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Jun. 30, 2013
Compensatory Equity Incentive Plan And Other Equity Incentives Tables |
Schedule of Share Based Compensation Award Plans | These plans are summarized below:
|  |  |  |  | Award Shares |  |  | Available for |
|  | Award Shares |  |  | Outstanding |  |  | Issuance |
|  | Authorized |  |  | at June 30, |  |  | at June 30, |
Equity Compensation Arrangement |  |  |  |  | 2013 |  |  | 2013 |
Amended and Restated Omnibus Incentive Plan |  |  | 2,715,625 |  |  |  | 1,419,709 |  |  |  | 848,012 |
Employee Stock Purchase Plan |  |  | 200,000 |  |  |  | — |  |  |  | 109,457 |
|  |  | 2,915,625 |  |  |  | 1,419,709 |  |  |  | 957,469 |
Schedule of Fair Value Assumptions for Award Plans | For stock options and restricted stock units ("RSUs") granted in the years ended June 30, 2013 and 2012, the Company estimated the fair value of each stock award as of the date of grant using the following assumptions:
|  | Year ended |  |  | Year ended |
|  | June 30, 2013 |  |  | June 30, 2012 |
Expected volatility |  |  | 110% - 120 | % |  |  | 119% - 122 | %
Weighted average expected volatility |  |  | 110% - 120 | % |  |  | 119% - 122 | %
Dividend yields |  |  | 0 | % |  |  | 0 | %
Risk-free interest rate |  |  | 0.67% - 1.72 | % |  |  | 0.9% - 2.01 | %
Expected term, in years |  |  | 3 - 7 |  |  |  | 3 - 7 |
Schedule of Share Based Compensation Activity | A summary of the activity for share-based payment awards in the years ended June 30, 2013 and 2012 is presented below:
|  |  |  |  |  |  |  |  |  |  | Restricted |
|  | Stock Options |  | Stock Units (RSUs) |
|  |  |  |  | Weighted |  |  | Weighted |  |  |  |  |  | Weighted |
|  |  |  |  | Average |  |  | Average |  |  |  |  |  | Average |
|  |  |  |  | Exercise |  |  | Remaining |  |  |  |  |  | Remaining |
|  |  |  |  | Price |  |  | Contract |  |  |  |  |  | Contract |
|  | Shares |  |  | (per share) |  |  | Life (YRS) |  |  | Shares |  |  | Life (YRS) |
June 30, 2011 |  |  | 500,233 |  |  | $ | 3.01 |  |  |  | 6.9 |  |  |  | 434,700 |  |  |  | 0.9 |
Granted |  |  | 90,000 |  |  |  | 1.39 |  |  |  | 9.3 |  |  |  | 160,000 |  |  |  | 1.0 |
Exercised |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Cancelled |  |  | (13,840 | ) |  |  | 9.14 |  |  |  | 3.0 |  |  |  | — |  |  |  | — |
June 30, 2012 |  |  | 576,393 |  |  | $ | 2.61 |  |  |  | 6.4 |  |  |  | 594,700 |  |  |  | 1.0 |
Granted |  |  | 98,500 |  |  |  | 0.96 |  |  |  | 9.4 |  |  |  | 240,000 |  |  |  | 2.6 |
Exercised |  |  | (2,511 | ) |  |  | 1.05 |  |  |  | 5.5 |  |  |  | — |  |  |  | — |
Cancelled |  |  | (87,373 | ) |  |  | 2.37 |  |  |  | 7.0 |  |  |  | — |  |  |  | — |
June 30, 2013 |  |  | 585,009 |  |  | $ | 2.38 |  |  |  | 5.9 |  |  |  | 834,700 |  |  |  | 1.1 |
Awards exercisable/ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
vested as of |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
June 30, 2013 |  |  | 401,759 |  |  | $ | 2.76 |  |  |  | 4.8 |  |  |  | 463,030 |  |  |  | — |
Awards unexercisable/ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
unvested as of |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
June 30, 2013 |  |  | 183,250 |  |  | $ | 1.53 |  |  |  | 8.5 |  |  |  | 371,670 |  |  |  | 1.1 |
|  |  | 585,009 |  |  |  |  |  |  |  |  |  |  |  | 834,700 |  |  |  |  |
|  |  |  |  |  | Stock |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  | Options |  |  | RSU |  |  | All Awards |  |  |  |  |
Weighted average fair value |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
of share awards granted for the year ended |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
June 30, 2013 |  |  |  |  |  | $ | 0.80 |  |  | $ | 0.87 |  |  | $ | 0.85 |  |  |  |  |
Schedule of Share Based Compensation Future Cost to be Recognized | The cost expected to be recognized as follows:
|  |  |  |  | Restricted |  |  |  |
|  |  |  |  | Stock |  |  |  |
|  | Stock |  |  | Share/ |  |  |  |
|  | Options |  |  | Units |  |  | Total |
Year ended June 30, 2014 |  | $ | 57,371 |  |  | $ | 163,769 |  |  | $ | 221,140 |
Year ended June 30, 2015 |  |  | 27,092 |  |  |  | 88,056 |  |  |  | 115,148 |
Year ended June 30, 2016 |  |  | 12,749 |  |  |  | 34,597 |  |  |  | 47,346 |
Year ended June 30, 2017 |  |  | 3,022 |  |  |  | — |  |  |  | 3,022 |
|  | $ | 100,234 |  |  | $ | 286,422 |  |  | $ | 386,656 |
Schedule of Rollforward of Vested Awards | The following table is a summary of the number and weighted average grant date fair values regarding our unexercisable/unvested awards as of June 30, 2013 and 2012 and changes during the two years then ended:
Unexercisable/unvested awards |  | Stock Options Shares |  |  | RSU Shares |  |  | Total Shares |  |  | Weighted-Average Grant Date Fair Values |
June 30, 2011 |  |  | 182,500 |  |  |  | 200,000 |  |  |  | 382,500 |  |  | $ | 2.53 |
Granted |  |  | 90,000 |  |  |  | 160,000 |  |  |  | 250,000 |  |  |  | 1.30 |
Vested |  |  | (74,375 | ) |  |  | (125,000 | ) |  |  | (199,375 | ) |  |  | 2.27 |
June 30, 2012 |  |  | 198,125 |  |  |  | 235,000 |  |  |  | 433,125 |  |  | $ | 2.42 |
Granted |  |  | 98,500 |  |  |  | 240,000 |  |  |  | 338,500 |  |  |  | 0.85 |
Vested |  |  | (59,875 | ) |  |  | (103,330 | ) |  |  | (163,205 | ) |  |  | 1.91 |
Cancelled/Forfeited |  |  | (53,500 | ) |  |  | — |  |  |  | (53,500 | ) |  |  | 1.64 |
June 30, 2013 |  |  | 183,250 |  |  |  | 371,670 |  |  |  | 554,920 |  |  | $ | 1.57 |
Schedule of Financial Statement Effect Related to Share Based Compensation | The following table shows total stock-based compensation expense for the years ended June 30, 2013 and 2012 included in the Consolidated Statement of Operations and Comprehensive Income:
|  | Year ended |  |  | Year ended |
|  | June 30, |  |  | June 30, |
|  | 2013 |  |  | 2012 |
Stock options |  |  | 65,286 |  |  |  | 86,096 |
RSU |  |  | 203,021 |  |  |  | 185,948 |
Total |  |  | 268,307 |  |  |  | 272,044 |
The amounts above were included in: |  |  |  |  |  |  |  |
General & administrative |  |  | 263,247 |  |  |  | 254,337 |
Cost of sales |  |  | (4,350 | ) |  |  | 8,328 |
New product development |  |  | 9,410 |  |  |  | 9,379 |
|  |  | 268,307 |  |  |  | 272,044 |

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- Definition Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 14.F) -URI http://asc.fasb.org/extlink&oid=27013229&loc=d3e301413-122809 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 14 -Section F Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of share-based compensation plans that may be presented in a single table for outstanding, vested and expected to vest, and exercisable awards. The information that may be disclosed in this table may include, but is not limited to, number of shares, weighted average exercise price, weighted average remaining contractual life, and aggregate intrinsic value. + References No definition available. + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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