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Compensatory Equity Incentive Plan and Other Equity Incentives (Tables) | 12 Months Ended
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Jun. 30, 2022
Compensatory Equity Incentive Plan and Other Equity Incentives |
Schedule of share based compensation award plans |
Equity Compensation Arrangement |  | Award Shares Authorized |  |  | Outstanding at June 30, 2022 |  |  | Available for Issuance at June 30, 2022 |
SICP (or Omnibus Plan) |  |  | 5,115,625 |  |  |  | 2,614,131 |  |  |  | 365,324 |
2014 ESPP |  |  | 400,000 |  |  |  | — |  |  |  | 277,443 |
|  |  | 5,515,625 |  |  |  | 2,614,131 |  |  |  | 642,767 |
Schedule of stock options fair value assumptions |
|  | Year Ended June 30, |
|  | 2022 |  |  | 2021 |
Weighted-average expected volatility |  |  | 80.8 | % |  |  | 72.0 | %
Dividend yields |  |  | 0 | % |  |  | 0 | %
Weighted-average risk-free interest rate |  |  | 2.09 | % |  |  | 0.74 | %
Weighted-average expected term, in years |  |  | 3.75 |  |  |  | 7.49 |
Schedule of share-based payment awards activity |
|  | Stock Options |  |  | Restricted Stock Units (RSUs) |
|  |  |  |  | Weighted- |  |  | Weighted- |  |  |  |  |  | Weighted- |
|  |  |  |  | Average |  |  | Average |  |  |  |  |  | Average |
|  |  |  |  | Exercise |  |  | Remaining |  |  |  |  |  | Remaining |
|  | Shares |  |  | Price |  |  | Contract |  |  | Shares |  |  | Contract |
June 30, 2020 |  |  | 942,575 |  |  | $ | 1.65 |  |  |  | 6.5 |  |  |  | 2,328,303 |  |  |  | 0.9 |
Granted |  |  | 121,933 |  |  | $ | 2.97 |  |  |  | 9.7 |  |  |  | 296,386 |  |  |  | 2.3 |
Exercised |  |  | (225,137 | ) |  | $ | 1.50 |  |  |  |  |  |  |  | (862,804 | ) |  |  |  |
Cancelled/Forfeited |  |  | (406,444 | ) |  | $ | 1.75 |  |  |  |  |  |  |  | - |  |  |  |  |
June 30, 2021 |  |  | 432,927 |  |  | $ | 2.01 |  |  |  | 8.8 |  |  |  | 1,761,885 |  |  |  | 0.9 |
Granted |  |  | 125,000 |  |  | $ | 2.02 |  |  |  |  |  |  |  | 368,461 |  |  |  | 1.2 |
Exercised |  |  | - |  |  | $ | - |  |  |  |  |  |  |  | (45,143 | ) |  |  |  |
Cancelled/Forfeited |  |  | (23,465 | ) |  | $ | 1.67 |  |  |  |  |  |  |  | (5,534 | ) |  |  |  |
June 30, 2022 |  |  | 534,462 |  |  | $ | 2.03 |  |  |  | 7.0 |  |  |  | 2,079,669 |  |  |  | 0.9 |
Awards exercisable/ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
vested as of |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
June 30, 2022 |  |  | 215,141 |  |  | $ | 1.87 |  |  |  | 7.1 |  |  |  | 1,334,978 |  |  |  | — |
Awards unexercisable/ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
unvested as of |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
June 30, 2022 |  |  | 319,321 |  |  | $ | 2.14 |  |  |  | 7.1 |  |  |  | 744,691 |  |  |  | 0.9 |
|  |  | 534,462 |  |  |  |  |  |  |  |  |  |  |  | 2,079,669 |  |  |  |  |
Schedule of share-based compensation future cost to be recognized |
Fiscal Year Ending: |  | Stock Options |  |  | RSUs |  |  | Total |
June 30, 2023 |  | $ | 205,978 |  |  | $ | 531,850 |  |  | $ | 737,828 |
June 30, 2024 |  |  | 94,196 |  |  |  | 190,864 |  |  |  | 285,060 |
June 30, 2025 |  |  | 33,885 |  |  |  | 54,308 |  |  |  | 88,193 |
|  | $ | 334,059 |  |  | $ | 777,022 |  |  | $ | 1,111,081 |
Summary of the number and weighted average grant date fair values regarding our unexercisable/unvested awards |
Unexercisable/Unvested Awards |  | Stock Options Shares |  |  | RSU Shares |  |  | Total Shares |  |  | Weighted-Average Grant Date Fair Values (per share) |
June 30, 2020 |  |  | 266,282 |  |  |  | 669,526 |  |  |  | 935,808 |  |  | $ | 1.10 |
Granted |  |  | 121,933 |  |  |  | 296,386 |  |  |  | 418,319 |  |  | $ | 2.48 |
Vested |  |  | (64,636 | ) |  |  | (367,325 | ) |  |  | (431,961 | ) |  | $ | 1.39 |
Cancelled/Forfeited |  |  | (1,595 | ) |  |  | - |  |  |  | (1,595 | ) |  | $ | 2.85 |
June 30, 2021 |  |  | 321,984 |  |  |  | 598,587 |  |  |  | 920,571 |  |  | $ | 1.59 |
Granted |  |  | 125,000 |  |  |  | 368,461 |  |  |  | 493,461 |  |  | $ | 1.74 |
Vested |  |  | (118,696 | ) |  |  | (216,823 | ) |  |  | (335,519 | ) |  | $ | 1.42 |
Cancelled/Forfeited |  |  | (8,967 | ) |  |  | (5,534 | ) |  |  | (14,501 | ) |  | $ | 1.97 |
June 30, 2022 |  |  | 319,321 |  |  |  | 744,691 |  |  |  | 1,064,012 |  |  | $ | 1.71 |
Schedule of total stock-based compensation expense included in the consolidated statements of comprehensive income |
|  | Year Ended June 30, |
|  | 2022 |  |  | 2021 |
Stock options |  | $ | 144,682 |  |  | $ | 76,616 |
RSUs |  |  | 680,568 |  |  |  | 566,249 |
Total |  | $ | 825,250 |  |  | $ | 642,865 |

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