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Compensatory Equity Incentive Plan and Other Equity Incentives (Tables) | 6 Months Ended
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Dec. 31, 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 December 31, 2016 |  |  | Available for Issuance at December 31, 2016 |
Amended and Restated Omnibus Incentive Plan |  |  | 3,915,625 |  |  |  | 2,634,253 |  |  |  | 636,231 |
Employee Stock Purchase Plan |  |  | 400,000 |  |  |  | — |  |  |  | 384,546 |
|  |  | 4,315,625 |  |  |  | 2,634,253 |  |  |  | 1,020,777 |
Schedule of stock options fair value assumptions | For stock options granted in the six month periods ended December 31, 2016 and 2015, we estimated the fair value of each stock option as of the date of grant using the following assumptions:
|  | Six months |  |  | Six months |
|  | December 31, 2016 |  |  | December 31, 2015 |
Weighted average expected volatility |  |  | 80% - 82% |  |  |  | 68% - 103% |
Dividend yields |  |  | 0% |  |  |  | 0% |
Weighted average risk-free interest rate |  |  | 1.185% - 1.19% |  |  |  | 0.37% - 1.49% |
Weighted average expected term, in years |  |  | 7.49 |  |  |  | 4.75 |
Schedule of share based compensation awards activity | A summary of the activity for share-based compensation awards in the six months ended December 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, 2016 |  |  | 819,260 |  |  | $ | 1.90 |  |  |  | 5.6 |  |  |  | 1,311,795 |  |  |  | 0.9 |
Granted |  |  | 337,426 |  |  | $ | 1.59 |  |  |  | 9.8 |  |  |  | 230,772 |  |  |  | 2.8 |
Exercised |  |  | — |  |  | $ | 0.00 |  |  |  | — |  |  |  | — |  |  |  | — |
Cancelled/Forfeited |  |  | (65,000 | ) |  | $ | 4.26 |  |  |  | 0.6 |  |  |  | — |  |  |  | — |
December 31, 2016 |  |  | 1,091,686 |  |  | $ | 1.67 |  |  |  | 6.8 |  |  |  | 1,542,567 |  |  |  | 1.1 |
Awards exercisable/vested as of December 31, 2016 |  |  | 839,925 |  |  | $ | 1.71 |  |  |  | 6.2 |  |  |  | 1,103,655 |  |  |  | — |
Awards unexercisable/unvested as of December 31, 2016 |  |  | 251,761 |  |  | $ | 1.53 |  |  |  | 9.0 |  |  |  | 438,912 |  |  |  | 1.1 |
|  |  | 1,091,686 |  |  |  |  |  |  |  |  |  |  |  | 1,542,567 |  |  |  |  |
|  |  | Options |  |  | RSU’s |  |  | All Awards |
Weighted average fair value of share awards granted in period |  |  | $ | 1.15 |  |  | $ | 1.56 |  |  | $ | 1.31 |
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 |
| Six months ended June 30, 2017 |  |  |  | 24,872 |  |  |  | 159,838 |  |  |  | 184,710 |
| Year ended June 30, 2018 |  |  |  | 38,975 |  |  |  | 244,917 |  |  |  | 283,892 |
| Year ended June 30, 2019 |  |  |  | 17,146 |  |  |  | 144,984 |  |  |  | 162,130 |
| Year ended June 30, 2020 |  |  |  | 2,605 |  |  |  | 29,989 |  |  |  | 32,594 |
|  |  |  | $ | 83,598 |  |  | $ | 579,728 |  |  | $ | 663,326 |

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- Definition 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 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 + Details
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- Definition 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. + References No definition available. + Details
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