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Compensatory Equity Incentive Plan and Other Equity Incentives (Tables) | 9 Months Ended
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Mar. 31, 2013
Compensatory Equity Incentive Plan And Other Equity Incentives Tables |
Schedule of Share Based Compensation Award Plans |
|  |  |  |  | Award Shares |  |  | Available for |
|  | Award Shares |  |  | Outstanding |  |  | Issuance |
|  | Authorized |  |  | at March 31, |  |  | at March 31, |
Equity Compensation Arrangement |  |  |  |  | 2013 |  |  | 2013 |
Amended and Restated Omnibus Incentive Plan |  |  | 2,715,625 |  |  |  | 1,435,345 |  |  |  | 834,887 |
Employee Stock Purchase Plan |  |  | 200,000 |  |  |  | — |  |  |  | 109,457 |
|  |  | 2,915,625 |  |  |  | 1,435,345 |  |  |  | 944,344 |
Schedule of Fair Value Assumptions |
|  | Nine months ended |  | Nine months ended
|  | March 31, 2013 |  | March 31, 2012
Expected volatility |  | 110% - 120% |  | 121% - 122%
Weighted average expected volatility |  | 110% - 120% |  | 121% - 122%
Dividend yields |  | 0% |  | 0%
Risk-free interest rate |  | 0.67% - 1.72% |  | 1.59% - 2.01%
Expected term, in years |  | 6.25 |  | 3 - 7
Schedule of Share Based Compensation Activity |
|  | Stock Options |  |  | Restricted 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, 2012 |  |  | 576,393 |  |  | $ | 2.61 |  |  |  | 6.4 |  |  |  | 594,700 |  |  |  | 1.0 |
Granted |  |  | 98,500 |  |  |  | 0.96 |  |  |  | 9.6 |  |  |  | 240,000 |  |  |  | 2.8 |
Exercised |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Cancelled |  |  | (74,248 | ) |  |  | 2.27 |  |  |  | 7.1 |  |  |  | — |  |  |  | — |
March 31, 2013 |  |  | 600,645 |  |  | $ | 2.38 |  |  |  | 6.2 |  |  |  | 834,700 |  |  |  | 1.2 |
Awards exercisable/vested as of |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
March 31, 2013 |  |  | 417,395 |  |  | $ | 2.76 |  |  |  | 5.1 |  |  |  | 463,030 |  |  |  | — |
Awards unexercisable/unvested as of |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
March 31, 2013 |  |  | 183,250 |  |  | $ | 1.53 |  |  |  | 8.7 |  |  |  | 371,670 |  |  |  | 1.2 |
|  |  | 600,645 |  |  |  |  |  |  |  |  |  |  |  | 834,700 |  |  |  |  |
The weighted average fair value of shares awarded for the nine months ended March 31, 2013 was:
|  | Stock |  |  |  |  |  |  |
|  | Options |  |  | RSU |  |  | All Awards |
Weighted average fair value of share awards granted for the nine months ended March 31, 2013 |  | $ | 0.80 |  |  | $ | 0.87 |  |  | $ | 0.85 |
Schedule of Share Based Compensation Future Cost to be Recognized | The compensation cost is expected to be recognized as follows:
|  |  |  |  | Restricted |  |  |  |
|  | Stock |  |  | Stock |  |  |  |
|  | Options |  |  | Units |  |  | Total |
Remainder of the year ended June 30, 2013 |  | $ | 18,963 |  |  | $ | 52,146 |  |  | $ | 71,109 |
Year ended June 30, 2014 |  |  | 57,371 |  |  |  | 163,769 |  |  |  | 221,140 |
Year ended June 30, 2015 |  |  | 27,092 |  |  |  | 88,055 |  |  |  | 115,147 |
Year ended June 30, 2016 |  |  | 12,749 |  |  |  | 34,597 |  |  |  | 47,346 |
Year ended June 30, 2017 |  |  | 3,022 |  |  |  | — |  |  |  | 3,022 |
|  | $ | 119,197 |  |  | $ | 338,567 |  |  | $ | 457,764 |
Schedule of Share Based Compensation Weighted-Average Grant Date Fair Value |
Unexercisable/unvested awards |  | Stock Options Shares |  |  | RSU Shares |  |  | Total Shares |  |  | Weighted-Average Grant Date Fair Values (per share) |
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 |
March 31, 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 nine months ended March 31, 2013 and 2012 included in the consolidated statements of operations and comprehensive income:
|  | (unaudited) |  |  | (unaudited) |
|  | Nine months ended |  |  | Nine months ended |
|  | March 31, |  |  | March 31, |
|  | 2013 |  |  | 2012 |
Stock options |  |  | 46,323 |  |  |  | 69,455 |
RSU |  |  | 150,875 |  |  |  | 133,347 |
Total |  |  | 197,198 |  |  |  | 202,802 |
The amounts above were included in: |  |  |  |  |  |  |  |
General & administrative |  |  | 194,741 |  |  |  | 188,221 |
Cost of sales |  |  | (4,349 | ) |  |  | 6,661 |
New product development |  |  | 6,806 |  |  |  | 7,920 |
|  |  | 197,198 |  |  |  | 202,802 |

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