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Stock-Based Compensation (Tables)
9 Months Ended
Mar. 31, 2023
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

 

(147,326)

 

 

3.04

 

 

-

 

 

190

 

-

 

 

Forfeited

 

(66,959)

 

 

3.66

 

 

-

 

 

-

 

1.64

 

 

 

Outstanding - March 31, 2023

 

711,940

 

 

4.41

 

 

5.42

 

 

670

 

1.67

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding - June 30, 2021

 

1,294,832

 

 

3.93

 

 

7.68

 

 

1,624

 

1.45

 

 

Granted – February 2022

 

137,620

 

 

4.87

 

 

10.00

 

 

235

 

1.71

 

 

Exercised

 

(249,521)

 

 

3.05

 

 

-

 

 

470

 

-

 

 

Forfeited

 

(188,332)

 

 

4.14

 

 

-

 

 

-

 

1.50

 

 

 

Outstanding - March 31, 2022

 

994,599

 

 

4.25

 

 

6.86

 

 

1,884

 

1.64

 

 

 

 

 

 

 

Number of

shares

 

 

Weighted average exercise price

($)

 

 

Weighted average remaining contractual term

(in years)

 

 

Aggregate intrinsic value

($’000)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Vested and expecting to vest - March 31, 2023

 

 

711,940

 

 

4.41

 

 

5.42

 

 

670

 

 

 

 

 

 

 

 

Number of

shares

 

 

Weighted average exercise price

($)

 

 

Weighted average remaining contractual term

(in years)

 

 

Aggregate intrinsic value

($’000)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable - March 31, 2023

 

 

531,479

 

 

4.63

 

 

4.56

 

 

474

 

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

 

 

1,062,153

 

 

 

4,287

 

 

 

 

 

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 – January 2023

 

 

11,806

 

 

 

57

 

 

 

 

 

Granted – December 2022, with performance conditions

 

 

257,868

 

 

 

596

 

 

 

 

Total vested

 

 

(234,159)

 

 

 

1,098

 

 

 

 

 

Vested – July 2022

 

 

(78,801)

 

 

 

410

 

 

 

 

 

Vested – November 2022

 

 

(59,833)

 

 

 

250

 

 

 

 

 

Vested – December 2022

 

 

(7,060)

 

 

 

29

 

 

 

 

 

Vested – February 2023

 

 

(19,179)

 

 

 

83

 

 

 

 

 

Vested – March 2023

 

 

(69,286)

 

 

 

326

 

 

 

 

Total granted and vested - December 2022

 

 

-

 

 

 

-

 

 

 

 

 

Granted - December 2022

 

 

300,000

 

 

 

1,365

 

 

 

 

 

Vested - December 2022

 

 

(300,000)

 

 

 

1,365

 

 

 

Forfeitures

 

 

(18,798)

 

 

 

9,235

 

 

 

 

 

Non-vested – March 31, 2023

 

 

3,194,463

 

 

 

14,822

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-vested – June 30, 2021

 

 

384,560

 

 

 

1,123

 

 

 

 

Total Granted

 

 

893,831

 

 

 

4,433

 

 

 

 

 

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

 

 

 

 

 

Granted – February 2022

 

 

29,920

 

 

 

146

 

 

 

 

 

Granted – March 2022

 

 

207,859

 

 

 

1,097

 

 

 

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 – March 31, 2022

 

 

1,248,391

 

 

 

5,867

 

 

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 March 31, 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock-based compensation charge

 

$

1,667

 

$

-

 

$

1,667

 

 

 

 

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

 

 

(23)

 

 

-

 

 

(23)

 

 

 

 

 

Total - three months ended March 31, 2023

 

$

1,644

 

$

-

 

$

1,644

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended March 31, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock-based compensation charge

 

$

619

 

$

-

 

$

619

 

 

 

 

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

 

 

(5)

 

 

-

 

 

(5)

 

 

 

 

 

Total - three months ended March 31, 2022

 

$

614

 

$

-

 

$

614

 

a

 

 

 

 

 

Total charge

 

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

 

Allocated to selling, general and administration

 

 

Nine months ended March 31, 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock-based compensation charge

 

$

5,978

 

$

-

 

$

5,978

 

 

 

 

Reversal of stock compensation charge related to stock options forfeited

 

 

(23)

 

 

-

 

 

(23)

 

 

 

 

 

Total - nine months ended March 31, 2023

 

$

5,955

 

$

-

 

$

5,955

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine months ended March 31, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock-based compensation charge

 

$

1,751

 

$

-

 

$

1,751

 

 

 

 

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

 

 

(40)

 

 

-

 

 

(40)

 

 

 

 

 

Total - nine months ended March 31, 2022

 

$

1,711

 

$

-

 

$

1,711