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Stock-Based Compensation (Tables)
6 Months Ended
Dec. 31, 2022
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, 2022

 

926,225

 

 

4.14

 

 

6.60

 

 

1,249

 

1.60

 

 

Exercised

 

(109,826)

 

 

3.04

 

 

-

 

 

126

 

-

 

 

 

Outstanding - December 31, 2022

 

816,399

 

 

4.29

 

 

5.94

 

 

689

 

1.64

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

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, 2022

 

 

816,399

 

 

4.29

 

 

5.94

 

 

689

 

 

 

 

 

 

 

 

Number of

shares

 

 

Weighted average exercise price

($)

 

 

Weighted average remaining contractual term

(in years)

 

 

Aggregate intrinsic value

($’000)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable - December 31, 2022

 

 

563,163

 

 

4.42

 

 

4.83

 

 

173

 

Restricted Stock Activity

 

 

 

 

 

 

 

Number of shares of restricted stock

 

 

 

Weighted average grant date fair value

($’000)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-vested – June 30, 2022

 

 

2,385,267

 

 

 

11,879

 

 

 

 

Total granted

 

 

1,050,347

 

 

 

4,230

 

 

 

 

 

Granted – July 2022

 

 

32,582

 

 

 

172

 

 

 

 

 

Granted – August 2022

 

 

179,498

 

 

 

995

 

 

 

 

 

Granted – November 2022

 

 

150,000

 

 

 

605

 

 

 

 

 

Granted – December 2022

 

 

430,399

 

 

 

1,862

 

 

 

 

 

Granted – December 2022, with performance conditions

 

 

257,868

 

 

 

596

 

 

 

 

Total vested

 

 

(145,694)

 

 

 

689

 

 

 

 

 

Vested – July 2022

 

 

(78,801)

 

 

 

410

 

 

 

 

 

Vested – November 2022

 

 

(59,833)

 

 

 

250

 

 

 

 

 

Vested – December 2022

 

 

(7,060)

 

 

 

29

 

 

 

 

Total granted and vested - December 2022

 

 

-

 

 

 

-

 

 

 

 

 

Granted - December 2022

 

 

300,000

 

 

 

1,365

 

 

 

 

 

Vested - December 2022

 

 

(300,000)

 

 

 

1,365

 

 

 

 

 

Non-vested – December 31, 2022

 

 

3,289,920

 

 

 

15,232

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

Non-vested – December 31, 2021

 

 

1,010,612

 

 

 

4,629

 

 

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, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock-based compensation charge

 

$

2,849

 

$

-

 

$

2,849

 

 

 

 

 

Total - three months ended December 31, 2022

 

$

2,849

 

$

-

 

$

2,849

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended December 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock-based compensation charge

 

$

788

 

$

-

 

$

788

 

 

 

 

 

Total - three months ended December 31, 2021

 

$

788

 

$

-

 

$

788

 

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, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock-based compensation charge

 

$

4,311

 

$

-

 

$

4,311

 

 

 

 

Reversal of stock compensation charge related to stock options forfeited

 

 

-

 

 

-

 

 

-

 

 

 

 

 

Total - six months ended December 31, 2022

 

$

4,311

 

$

-

 

$

4,311

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six months ended December 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock-based compensation charge

 

$

1,132

 

$

-

 

$

1,132

 

 

 

 

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

 

 

(35)

 

 

-

 

 

(35)

 

 

 

 

 

Total - six months ended December 31, 2021

 

$

1,097

 

$

-

 

$

1,097