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Compensatory Equity Incentive Plan and Other Equity Incentives (Tables)

3 Months Ended

Sep. 30, 2016

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

Schedule of share based compensation award plans

These plans are summarized below:

Equity Compensation Arrangement		Award Shares Authorized				Award Shares Outstanding at September 30, 2016				Available for Issuance at September 30, 2016
Amended and Restated Omnibus Incentive Plan			3,915,625				2,111,055				1,159,429
Employee Stock Purchase Plan			400,000				—				384,546
			4,315,625				2,111,055				1,543,975

Schedule of share based compensation awards activity

A summary of the activity for share-based compensation awards in the three months ended September 30, 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, 2016			819,260			$	1.90				5.6				1,311,795				0.9
Granted			—			$	0.00				—				—				—
Exercised			—			$	0.00				—				—				—
Cancelled/Forfeited			(20,000	)		$	2.92				—				—				—
September 30, 2016			799,260			$	1.88				5.4				1,311,795				0.8
Awards exercisable/
vested as of
September 30, 2016			620,760			$	2.03				4.7				903,981				—
Awards unexercisable/
unvested as of
September 30, 2016			178,500			$	1.35				7.9				407,814				0.8
			799,260												1,311,795

Schedule of share based compensation future cost to be recognized

We expect to recognize the compensation cost as follows:

				Stock Options				Restricted Stock Share/ Units				Total
	Nine months ended June 30, 2017				29,520				149,752				179,272
	Year ended June 30, 2018				27,883				124,912				152,795
	Year ended June 30, 2019				12,537				24,988				37,525
	Year ended June 30, 2020				2,605				—				2,605
				$	72,545			$	299,652			$	372,197

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 September 30, 2016 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, 2016
			182,250				441,599				623,849			$	1.35
Granted
			—				—				—			$	—
Vested
			—				(33,785	)			(33,785	)		$	1.48
Cancelled/Forfeited
			(3,750	)			—				(3,750	)		$	1.08
September 30, 2016			178,500				407,814				586,314			$	1.34

Schedule of share based compensationincluded in the consolidated statements of comprehensive income

The following table shows total stock-based compensation expense for the three months ended September 30, 2016 and 2015 included in the consolidated statements of comprehensive income:

		Three months ended September 30, 2016				Three months ended September 30, 2015
Stock options		$	11,672			$	13,232
RSU			108,268				60,178
Total		$	119,940			$	73,410
The amounts above were included in:
Selling, general & administrative		$	119,576			$	70,143
Cost of sales			79				79
New product development			285				3,188
		$	119,940			$	73,410

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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-Name Accounting Standards Codification
-Topic 718
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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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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901

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-SubTopic 10
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-Paragraph 1
-Subparagraph (SAB Topic 14.F)
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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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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (i)
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