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Compensatory Equity Incentive Plan and Other Equity Incentives (Tables)

12 Months Ended

Jun. 30, 2015

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

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						2015				2015
Amended and Restated Omnibus Incentive Plan			3,915,625				1,797,783				1,478,778
Employee Stock Purchase Plan			400,000				—				400,000
			4,315,625				1,797,783				1,878,778

Schedule of stock options grant date fair value assumptions

For stock options and restricted stock units (“RSUs”) granted in the years ended June 30, 2015 and 2014, 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, 2015				June 30, 2014
Expected volatility		103% - 104%				105% - 123%
Weighted average expected volatility		103% - 104%				105% - 123%
Dividend yields		0%				0%
Risk-free interest rate		1.64% - 1.77%				1.60% - 2.81%
Expected term, in years		7.49				3 - 7

Schedule of share based compensation awards activity

A summary of the activity for share-based payment awards in the years ended June 30, 2015 and 2014 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)
Options Outstanding
June 30, 2013			585,009			$	2.38				5.9				834,700				1.1
Granted			83,000				1.41				9.4				212,760				2.3
Exercised			—				—				—				(191,160	)			—
Cancelled			(13,851	)			2.40				—				—				—
June 30, 2014			654,158			$	2.25				5.5				856,300				0.9
Granted			103,000			$	1.35				9.4				219,000				2.3
Exercised			—				—				—				—				—
Cancelled/Forfeited			(34,675	)		$	3.06				2.9				—				—
June 30, 2015			722,483			$	2.08				5.3				1,075,300				0.9
Awards exercisable/
vested as of
June 30, 2015			497,983			$	2.44				3.9				671,430				—
Awards unexercisable/
unvested as of
June 30, 2015			224,500			$	1.29				8.5				403,870				0.9
			722,483												1,075,300

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, 2016			$	44,425			$	211,931			$	256,356
	Year ended June 30, 2017				34,682				120,513				155,195
	Year ended June 30, 2018				20,915				24,906				45,821
	Year ended June 30, 2019				5,176				—				5,176
				$	105,198			$	357,350			$	462,548

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 our unexercisable/unvested awards as of June 30, 2015 and 2014 and changes during the two years then ended:

Unexercisable/unvested awards		Stock Options Shares				RSU Shares				Total Shares				Weighted-Average Grant Date Fair Values (per share)
June 30, 2013			183,250				371,670				554,920			$	1.57
Granted			83,000				212,760				295,760			$	1.36
Vested			(73,250	)			(230,127	)			(303,377	)		$	1.36
Cancelled/Forfeited			—				—				—				—
June 30, 2014			193,000				354,303				547,303			$	1.18
Granted			103,000				219,000				322,000			$	1.30
Vested			(71,500	)			(169,433	)			(240,933	)		$	1.28
Cancelled/Forfeited			—				—				—				—
June 30, 2015			224,500				403,870				628,370			$	1.10

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, 2015 and 2014 included in the Consolidated Statement of Operations and Comprehensive Loss:

	Year ended				Year ended
	June 30,				June 30,
	2015				2014
Stock options	$	53,583			$	68,113
RSU		231,367				288,702
Total	$	284,950			$	356,815
The amounts above were included in:
General & administrative	$	273,379			$	346,119
Cost of sales		158				—
New product development		11,413				10,696
	$	284,950			$	356,815

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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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