XML 24 R26.htm IDEA: XBRL DOCUMENT v2.4.0.8
Compensatory Equity Incentive Plan and Other Equity Incentives (Tables)
 3 Months Ended
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