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Compensatory Equity Incentive Plan and Other Equity Incentives (Tables) | 3 Months Ended
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Sep. 30, 2013
Compensatory Equity Incentive Plan And Other Equity Incentives Tables |
Schedule of Share Based Compensation Award Plans | These two plans are summarized below:
|  |  |  |  | Award Shares |  |  | Available for |
|  | Award Shares |  |  | Outstanding |  |  | Issuance |
|  | Authorized |  |  | at September 30, |  |  | at September 30, |
|  |  |  |  | 2013 |  |  | 2013 |
Equity Compensation Arrangement |  |  |  |  |  |  |  |  |
Amended and Restated Omnibus Incentive Plan |  |  | 2,715,625 |  |  |  | 1,419,709 |  |  |  | 848,012 |
Employee Stock Purchase Plan |  |  | 200,000 |  |  |  | — |  |  |  | 105,918 |
|  |  | 2,915,625 |  |  |  | 1,419,709 |  |  |  | 953,930 |
Schedule of Share Based Compensation Activity | A summary of the activity for share-based compensation awards in the three months ended September 30, 2013 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, 2013 |  |  | 585,009 |  |  | $ | 2.38 |  |  |  | 5.9 |  |  |  | 834,700 |  |  |  | 1.1 |
Granted |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Exercised |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Cancelled |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
September 30, 2013 |  |  | 585,009 |  |  | $ | 2.38 |  |  |  | 5.7 |  |  |  | 834,700 |  |  |  | 1.0 |
Awards exercisable/ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
vested as of |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
September 30, 2013 |  |  | 401,759 |  |  | $ | 2.76 |  |  |  | 4.5 |  |  |  | 463,030 |  |  |  | — |
Awards unexercisable/ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
unvested as of |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
September 30, 2013 |  |  | 183,250 |  |  | $ | 1.53 |  |  |  | 8.2 |  |  |  | 371,670 |  |  |  | 1.0 |
|  |  | 585,009 |  |  |  |  |  |  |  |  |  |  |  | 834,700 |  |  |  |  |
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 |
Nine months ended June 30, 2014 |  | $ | 39,695 |  |  | $ | 111,617 |  |  | $ | 151,312 |
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 |
|  | $ | 82,558 |  |  | $ | 234,270 |  |  | $ | 316,828 |
Schedule of Rollforward of Vested Awards | The following table is a summary of the number and weighted average grant date fair values regarding the Company’s unexercisable/unvested awards as of September 30, 2013 and changes during the three months then ended:
Unexercisable/unvested awards |  |  | Stock Options Shares |  |  |  | RSU Shares |  |  |  | Total Shares |  |  |  | Weighted-Average Grant Date Fair Values |
June 30, 2013 |  |  | 183,250 |  |  |  | 371,670 |  |  |  | 554,920 |  |  | $ | 1.57 |
Granted |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Vested |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Cancelled/Forfeited |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
September 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 three months ended September 30, 2013 and 2012 included in the consolidated statements of operations and comprehensive income:
|  | (Unaudited) |  |  | (Unaudited) |
|  | Three Months Ended |  |  | Three Months Ended |
|  | September 30, |  |  | September 30, |
|  | 2013 |  |  | 2012 |
Stock options |  |  | 17,676 |  |  |  | 13,523 |
RSU |  |  | 52,152 |  |  |  | 47,291 |
Total |  |  | 69,828 |  |  |  | 60,814 |
The amounts above were included in: |  |  |  |  |  |  |  |
General & administrative |  |  | 67,330 |  |  |  | 63,141 |
Cost of sales |  |  | — |  |  |  | (4,350 | )
New product development |  |  | 2,498 |  |  |  | 2,023 |
|  |  | 69,828 |  |  |  | 60,814

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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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