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Compensatory Equity Incentive Plan and Other Equity Incentives (Tables)
 3 Months Ended
Sep. 30, 2015
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
   Award Shares  Outstanding  Issuance
   Authorized  at Sept. 30,  at Sept. 30,
Equity Compensation Arrangement     2015  2015
 Amended and Restated Omnibus Incentive Plan   3,915,625    1,792,545    1,484,016 
 Employee Stock Purchase Plan   400,000    —      395,298 
                
    4,315,625    1,792,545    1,879,314 

 
Schedule of share based compensation awards activity

A summary of the activity for share-based compensation awards in the three months ended September 30, 2015 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, 2015    722,483   $2.08    5.3    1,075,300    0.9 
                            
 Granted    —      —      —      —      —   
 Exercised    —      —      —      —      —   
 Cancelled/Forfeited    (5,238)  $2.80    —      —      —   
                            
 September 30, 2015    717,245   $2.08    5.1    1,075,300    0.8 

 

Awards exercisable/                         
vested as of                         
September 30, 2015   492,745   $2.44    3.6    671,430    —   
                          
                          
Awards unexercisable/                         
unvested as of                         
September 30, 2015   224,500   $1.29    8.3    403,870    0.8 
    717,245              1,075,300      
Schedule of share based compensation future cost to be recognized

As of September 30, 2015, there was $389,138 of total unrecognized compensation cost related to non-vested share-based compensation arrangements (including share options and restricted stock units) granted under the Plan. We expect to recognize the compensation cost as follows:

 

           Restricted      
           Stock      
      Stock    Share/      
      Options    Units    Total 
                  
 Nine months ended June 30, 2016   $31,193   $151,753   $182,946 
                  
 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 
     $91,966   $297,172   $389,138 

 
Schedule 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 September 30, 2015 and changes during the three months then ended:

Unexercisable/unvested awards  Stock Options Shares  RSU Shares  Total Shares 

Weighted-Average

Grant Date Fair Values

(per share)

June 30, 2015   224,500    403,870    628,370   $1.23 
Granted   —      —      —      —   
Vested   —      —      —      —   
Cancelled/Forfeited   —      —      —      —   
September 30, 2015   224,500    403,870    628,370   $1.23 

 
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, 2015 and 2014 included in the consolidated statements of comprehensive income (loss):

 

   (Unaudited)  (Unaudited)
   Quarter ended  Quarter ended
   September 30,  September 30,
   2015  2014
           
 Stock options  $13,232   $13,313 
 RSU   60,178    49,950 
      Total  $73,410   $63,263 
           
 The amounts above were included in:          
 General & administrative  $70,143   $60,869 
 Cost of sales   79    —   
 New product development   3,188    2,394 
   $73,410   $63,263