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Compensatory Equity Incentive Plan and Other Equity Incentives (Tables)

9 Months Ended

Mar. 31, 2016

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 March 31,				at March 31,
Equity Compensation Arrangement						2016				2016
Amended and Restated Omnibus Incentive Plan			3,915,625				2,126,055				1,144,429
Employee Stock Purchase Plan			400,000				—				390,094
			4,315,625				2,126,055				1,534,523

Schedule of stock options fair value assumptions

For stock options granted in the nine month periods ended March 31, 2016 and 2015, we estimated the fair value of each stock option as of the date of grant using the following assumptions:

		Nine months ended		Nine month ended
		March 31, 2016		March 31, 2015
Expected volatility		68% - 103%		118%
Weighted average expected volatility		68% - 103%		118%
Dividend yields		0%		0%
Risk-free interest rate		0.37% - 1.49%		1.76%
Expected term, in years		4.29 - 7.50		7.50

Schedule of share based compensation awards activity

A summary of the activity for share-based compensation awards in the nine months ended March 31, 2016 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, 2015			722,483			$	2.08				5.3				1,075,300				0.9
Granted			150,592			$	1.48				9.6				236,495				2.6
Exercised			(6,077	)		$	1.07				3.3				—				—
Cancelled/Forfeited			(52,738	)		$	3.26				—				—				—
March 31, 2016			814,260			$	1.90				5.8				1,311,795				1.0
Awards exercisable/vested as of March 31, 2016			637,010			$	2.06				5.1				870,196				—
Awards unexercisable/unvested as of March 31, 2016			177,250			$	1.34				8.3				441,599				1.0
			814,260												1,311,795

Schedule of share based compensation future cost to be recognized

We expect to recognize the compensation cost as follows: 

						Restricted
						Stock
		Stock				Share/
		Options				Units				Total
Three months ended June 30, 2016		$	12,083			$	74,953			$	87,036
Year ended June 30, 2017			41,429				237,187				278,616
Year ended June 30, 2018			27,661				141,580				169,241
Year ended June 30, 2019			11,923				29,153				41,076
Year ended June 30, 2020			1,684				—				1,684
		$	94,780			$	482,873			$	577,653

Summary of the number and weighted average grant date fair values regarding our unexercisable/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 March 31, 2016 and changes during the nine 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			$	1.10
Granted			150,592				236,495				387,087			$	1.39
Vested			(197,842	)			(198,766	)			(396,608	)		$	1.20
Cancelled/Forfeited			—				—				—				—
March 31, 2016			177,250				441,599				618,849			$	1.35

Schedule of financial statement effect related to share based compensation

The following table shows total stock-based compensation expense for the nine months ended March 31, 2016 and 2015 included in the consolidated statements of comprehensive income (loss):

		(Unaudited)				(Unaudited)
		Nine months ended				Nine months ended
		March 31,				March 31,
		2016				2015
Stock options		$	37,125			$	40,343
RSU			224,489				171,172
Total		$	261,614			$	211,515
The amounts above were included in:
Selling, general & administrative		$	260,449			$	203,214
Cost of sales			238				79
New product development			927				8,222
		$	261,614			$	211,515

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
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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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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Tabular disclosure of the total compensation cost related to nonvested awards not yet recognized and the weighted-average period over which it is expected to be recognized.

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