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Compensatory Equity Incentive Plan and Other Equity Incentives (Tables)

3 Months Ended

Sep. 30, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Share Based Compensation Award Plans

These two plans are summarized below:

						Award Shares				Available for
						Outstanding				Issuance
		Award Shares				at September 30,				at September 30,
Equity Compensation Arrangement		Authorized				2014				2014
Amended and Restated Omnibus Incentive Plan			2,715,625				1,510,458				566,103
Employee Stock Purchase Plan			200,000				—				97,833
			2,915,625				1,510,458				663,936

Schedule of Share Based Compensation Awards Activity

A summary of the activity for share-based compensation awards in the three months ended September 30, 2014 is presented below:

		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, 2014			654,158			$	2.25				5.5				856,300				0.9
Granted			—				—				—				—				—
Exercised			—				—				—				—				—
Cancelled			—				—				—				—				—
September 30, 2014			654,158			$	2.25				5.3				856,300				0.8
Awards exercisable/ vested as of September 30, 2014			461,158			$	2.63				4.0				501,997				—
Awards unexercisable/ unvested as of September 30, 2014			193,000			$	1.34				8.2				354,303				0.8
			654,158												856,300

Schedule of Share Based Compensation Future Cost to be Recognized

We expect to recognize the compensation cost as follows:

						Restricted
		Stock				Stock
		Options				Units				Total
Nine Months ended June 30, 2015		$	28,329			$	106,675			$	135,004
Year ended June 30, 2016			27,299				112,291				139,590
Year ended June 30, 2017			17,571				20,865				38,436
Year ended June 30, 2018			3,807				—				3,807
		$	77,006			$	239,831			$	316,837

Schedule of Activity of Unexerciseable and Unvested 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, 2014 and changes during the three months then ended:

		Stock Options				RSU				Total				Weighted-Average Grant Date Fair Values
Unexercisable/unvested awards		Shares				Shares				Shares				(per share)
June 30, 2014			193,000				354,303				514,637			$	1.18
Granted			—				—				—				—
Vested			—				—				—				—
Cancelled/Forfeited			—				—				—				—
September 30, 2014			193,000				354,303				514,637			$	1.18

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, 2014 and 2013 included in the consolidated statements of operations and comprehensive income:

		(Unaudited)				(Unaudited)
		Three months ended				Three months ended
		September 30,				September 30,
		2014				2013
Stock options		$	13,313			$	17,676
RSU			49,950				52,152
Total		$	63,263			$	69,828
The amounts above were included in:
General & administrative		$	60,869			$	67,330
New product development			2,394				2,498
		$	63,263			$	69,828

X

- Definition

Tabular disclosure of the number of unvested share options and restricted stock units and shares expected to vest at the date of the latest statement of financial position, weighted-average exercise price (or conversion ratio), aggregate intrinsic value (except for nonpublic entities), and weighted-average remaining contractual term for both options and restricted stock units currently outstanding and options and restricted stock units exercisable (or convertible).

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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

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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.

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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.

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