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Stock-Based Compensation (Tables)
6 Months Ended
Dec. 31, 2021
Stock-Based Compensation [Abstract]  
Summarized Stock Option Activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of shares

 

 

Weighted average exercise price

($)

 

 

Weighted average remaining contractual term

(in years)

 

 

Aggregate intrinsic value

($'000)

 

Weighted average grant date fair value

($)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding - June 30, 2021

 

1,294,832

 

 

3.93

 

 

7.68

 

 

1,624

 

1.45

 

 

Exercised

 

(242,853)

 

 

3.05

 

 

-

 

 

457

 

-

 

 

Forfeited

 

(85,000)

 

 

3.48

 

 

-

 

 

-

 

1.34

 

 

 

Outstanding - December 31, 2021

 

966,979

 

 

4.19

 

 

6.76

 

 

1,056

 

1.53

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding - June 30, 2020

 

1,331,651

 

 

5.83

 

 

7.56

 

 

-

 

2.01

 

 

Granted – August 2020

 

150,000

 

 

3.50

 

 

3.00

 

 

166

 

1.11

 

 

Granted – November 2020

 

560,000

 

 

3.01

 

 

10.00

 

 

691

 

1.23

 

 

Exercised

 

(5,834)

 

 

3.07

 

 

-

 

 

21

 

-

 

 

Forfeited

 

(456,033)

 

 

7.03

 

 

-

 

 

-

 

2.26

 

 

 

Outstanding - December 31, 2020

 

1,579,784

 

 

4.28

 

 

8.04

 

 

2,104

 

1.59

 

 

 

 

 

 

 

Number of

shares

 

 

Weighted average exercise price

($)

 

 

Weighted average remaining contractual term

(in years)

 

 

Aggregate intrinsic value

($’000)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Vested and expecting to vest - December 31, 2021

 

 

966,979

 

 

4.19

 

 

6.76

 

 

1,056

 

 

 

 

 

 

 

 

Number of

shares

 

 

Weighted average exercise price

($)

 

 

Weighted average remaining contractual term

(in years)

 

 

Aggregate intrinsic value

($’000)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable - December 31, 2021

 

 

487,842

 

 

5.26

 

 

6.09

 

 

151

 

Schedule Of Range Of Assumptions Used To Value Stock Options Granted

 

 

 

 

 

Six months ended

 

 

 

 

 

December 31,

 

 

 

 

 

 

2020

 

 

Expected volatility

 

62

%

 

Expected life (in years)

 

3

 

 

Risk-free rate

 

0.19

%

Restricted Stock Activity

 

 

 

 

 

 

 

Number of shares of restricted stock

 

 

 

Weighted average grant date fair value

($’000)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-vested – June 30, 2021

 

 

384,560

 

 

 

1,123

 

 

 

 

Total granted

 

 

656,052

 

 

 

3,190

 

 

 

 

 

Granted – July 2021

 

 

234,608

 

 

 

963

 

 

 

 

 

Granted – August 2021

 

 

44,986

 

 

 

192

 

 

 

 

 

Granted – November and December 2021

 

 

326,158

 

 

 

1,766

 

 

 

 

 

Granted – December 2021

 

 

50,300

 

 

 

269

 

 

 

 

Total granted and vested - November and December 2021

 

 

-

 

 

 

-

 

 

 

 

 

Granted - November and December 2021

 

 

71,647

 

 

 

393

 

 

 

 

 

Vested - November and December 2021

 

 

(71,647)

 

 

 

393

 

 

 

Forfeitures

 

 

(30,000)

 

 

 

(160)

 

 

 

 

 

Non-vested – December 31, 2021

 

 

1,010,612

 

 

 

4,629

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-vested – June 30, 2020

 

 

1,115,500

 

 

 

5,354

 

 

 

Total vested

 

 

(311,300)

 

 

 

(1,037)

 

 

 

 

 

Vested – August 2020

 

 

(244,500)

 

 

 

(812)

 

 

 

 

 

Vested – September 2020 - accelerated vesting

 

 

(66,800)

 

 

 

(225)

 

 

 

 

Forfeitures

 

 

(510,200)

 

 

 

(1,766)

 

 

 

 

 

 

Non-vested – December 31, 2020

 

 

294,000

 

 

 

994

 

 

Recorded Net Stock Compensation Charge

 

 

 

 

 

 

Total charge

 

Allocated to cost of goods sold, IT processing, servicing and support

 

Allocated to selling, general and administration

 

 

Three months ended December 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock-based compensation charge

 

$

788

 

$

-

 

$

788

 

 

 

 

 

Total - three months ended December 31, 2021

 

$

788

 

$

-

 

$

788

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended December 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock-based compensation charge

 

$

246

 

$

-

 

$

246

 

 

 

 

Reversal of stock compensation charge related to stock options and restricted stock forfeited

 

 

(14)

 

 

-

 

 

(14)

 

 

 

 

 

Total - three months ended December 31, 2020

 

$

232

 

$

-

 

$

232

 

a

 

 

 

 

 

Total charge

 

Allocated to cost of goods sold, IT processing, servicing and support

 

Allocated to selling, general and administration

 

 

Six months ended December 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock-based compensation charge

 

$

1,132

 

$

-

 

$

1,132

 

 

 

 

Reversal of stock compensation charge related to stock options forfeited

 

 

(35)

 

 

-

 

 

(35)

 

 

 

 

 

Total - six months ended December 31, 2021

 

$

1,097

 

$

-

 

$

1,097

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six months ended December 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock-based compensation charge

 

$

928

 

$

-

 

$

928

 

 

 

 

Reversal of stock compensation charge related to stock options and restricted stock forfeited

 

 

(297)

 

 

-

 

 

(297)

 

 

 

 

 

Total - six months ended December 31, 2020

 

$

631

 

$

-

 

$

631