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Compensatory Equity Incentive Plan and Other Equity Incentives (Tables)

6 Months Ended

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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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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-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

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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 significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

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

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