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Compensatory Equity Incentive Plan and Other Equity Incentives (Tables)

9 Months Ended

Mar. 31, 2017

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
							Outstanding				Issuance
			Award				at March 31,				at March 31,
	Equity Compensation Arrangement		Authorized				2017				2017
	Amended and Restated Omnibus Incentive Plan			3,915,625				2,602,968				633,701
	Employee Stock Purchase Plan			400,000				—				377,988
				4,315,625				2,602,968				1,011,689

Schedule of stock options fair value assumptions

For stock options granted in the nine month periods ended March 31, 2017 and 2016, we estimated the fair value of each stock option as of the date of grant using the following assumptions:

		Nine months				Nine months
		March 31, 2017				March 31, 2016
Weighted average expected volatility			77% - 83%				68% - 103%
Dividend yields			0%				0%
Weighted average risk-free interest rate			1.18% - 1.90%				0.37% - 1.49%
Weighted average expected term, in years			7.49				4.29 - 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, 2017 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			339,926			$	1.61				9.6				230,772				2.6
Exercised			—				—				—				(33,785	)			—
Cancelled/Forfeited			(65,000	)		$	4.26				—				—				—
March 31, 2017			1,094,186			$	1.67				6.6				1,508,782				1.0
Awards exercisable/vested as of
March 31, 2017			850,425			$	1.70				5.9				1,069,870				—
Awards unexercisable/unvested as of
March 31, 2017			243,761			$	1.56				8.8				438,912				1.0
			1,094,186												1,508,782

			Stock Options				RSUs				All Awards
Weighted average fair value of share awards granted in period			$	1.15			$	1.56			$	1.32

Schedule of share based compensation future cost to be recognized

We expect to recognize the compensation cost as follows:

			Stock
			Options				RSUs				Total
Three months ended June 30, 2017				12,597				63,735				76,332
Year ended June 30, 2018				39,612				244,917				284,529
Year ended June 30, 2019				17,784				144,984				162,768
Year ended June 30, 2020				3,243				29,989				33,232
Year ended June 30, 2021				242				—				242
			$	73,478			$	483,625			$	557,103

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, 2017 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, 2016			182,250				441,599				623,849			$	1.35
Granted			339,926				230,772				570,698			$	1.32
Vested			(274,665	)			(233,459	)			(508,124	)		$	1.28
Cancelled/Forfeited			(3,750	)			—				(3,750	)		$	1.08
March 31, 2017			243,761				438,912				682,673			$	1.38

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

The following table shows total stock-based compensation expense for the nine months ended March 31, 2017 and 2016 included in the consolidated statements of comprehensive income:

		Nine months ended				Nine months ended
		March 31,				March 31,
		2017				2016
Stock options		$	34,882			$	37,125
RSUs			284,300				224,490
Total		$	319,182			$	261,615
The amounts above were included in:
Selling, general & administrative		$	315,429			$	260,450
Cost of sales			2,792				238
New product development			961				927
		$	319,182			$	261,615

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 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.

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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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