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Compensatory Equity Incentive Plan and Other Equity Incentives (Tables) | 3 Months Ended
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Sep. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Schedule of share based compensation award plans | These plans are summarized below:
|  | Award |  |  | Award Shares Outstanding at September 30, |  |  | Available for Issuance at September 30, |
Equity Compensation Arrangement |  | Authorized |  |  | 2017 |  |  | 2017 |
Amended and Restated Omnibus Incentive Plan |  |  | 3,915,625 |  |  |  | 2,598,218 |  |  |  | 637,290 |
Employee Stock Purchase Plan |  |  | 400,000 |  |  |  | — |  |  |  | 370,895 |
|  |  | 4,315,625 |  |  |  | 2,598,218 |  |  |  | 1,008,185 |
Schedule of share-based payment awards activity | A summary of the activity for share-based compensation awards in the three months ended September 30, 2017 is presented below:
|  | Stock Options |  |  | Restricted Stock Units (RSUs) |
|  | Shares |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contract |  |  | Shares |  |  | Weighted Average Remaining Contract |
June 30, 2017 |  |  | 1,096,186 |  |  | $ | 1.68 |  |  |  | 6.3 |  |  |  | 1,508,782 |  |  |  | 0.9 |
Granted |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Exercised |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Cancelled/Forfeited |  |  | (6,750 | ) |  | $ | 3.01 |  |  |  | — |  |  |  | — |  |  |  | — |
September 30, 2017 |  |  | 1,089,436 |  |  | $ | 1.67 |  |  |  | 6.1 |  |  |  | 1,508,782 |  |  |  | 0.9 |
Awards exercisable/ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
vested as of |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
September 30, 2017 |  |  | 848,675 |  |  | $ | 1.69 |  |  |  | 5.5 |  |  |  | 1,069,870 |  |  |  | — |
Awards unexercisable/ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
unvested as of |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
September 30, 2017 |  |  | 240,761 |  |  | $ | 1.60 |  |  |  | 8.4 |  |  |  | 438,912 |  |  |  | 0.9 |
|  |  | 1,089,436 |  |  |  |  |  |  |  |  |  |  |  | 1,508,782 |  |  |  |  |
Schedule of share-based compensation future cost to be recognized | We expect to recognize the compensation cost as follows:
|  |  | Stock Options |  |  | RSUs |  |  | Total |
Nine months ended June 30, 2018 |  |  |  | 26,566 |  |  |  | 165,025 |  |  |  | 191,591 |
Year ended June 30, 2019 |  |  |  | 18,083 |  |  |  | 144,984 |  |  |  | 163,067 |
Year ended June 30, 2020 |  |  |  | 4,276 |  |  |  | 29,989 |  |  |  | 34,265 |
Year ended June 30, 2021 |  |  |  | 2,105 |  |  |  | — |  |  |  | 2,105 |
|  |  | $ | 51,030 |  |  | $ | 339,998 |  |  | $ | 391,028 |
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, 2017 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, 2017 |  |  | 244,511 |  |  |  | 438,912 |  |  |  | 683,423 |  |  | $ | 1.39 |
Granted |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Vested |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Cancelled/Forfeited |  |  | (3,750 | ) |  |  | — |  |  |  | (3,750 | ) |  | $ | 1.39 |
September 30, 2017 |  |  | 240,761 |  |  |  | 438,912 |  |  |  | 679,673 |  |  | $ | 1.39 |
Schedule of total stock-based compensation expense included in the consolidated statements of comprehensive income | The following table shows total stock-based compensation expense for the three months ended September 30, 2017 and 2016 included in the consolidated statements of comprehensive income:
|  | Three months ended September 30, |
|  | 2017 |  |  | 2016 |
Stock options |  | $ | 12,348 |  |  | $ | 11,672 |
RSUs |  |  | 79,893 |  |  |  | 108,268 |
Total |  | $ | 92,241 |  |  | $ | 119,940 |
The amounts above were included in: |  |  |  |  |  |  |  |
Selling, general & administrative |  | $ | 90,274 |  |  | $ | 119,576 |
Cost of sales |  |  | 1,603 |  |  |  | 79 |
New product development |  |  | 364 |  |  |  | 285 |
|  | $ | 92,241 |  |  | $ | 119,940 |

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- 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). + References No definition available. + Details
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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=96867065&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=96867065&loc=d3e5047-113901 + Details
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- Definition 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. + 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 (h)(1) -URI http://asc.fasb.org/extlink&oid=96867065&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 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5047-113901 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 14.F) -URI http://asc.fasb.org/extlink&oid=27013229&loc=d3e301413-122809 + Details
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- Definition Tabular disclosure for share-based compensation plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + 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 (c)(2) -URI http://asc.fasb.org/extlink&oid=96867065&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 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5070-113901 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5070-113901 + Details
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