XML 40 R36.htm IDEA: XBRL DOCUMENT v3.19.2

STOCKHOLDERS EQUITY (Tables)

12 Months Ended

Jun. 30, 2019

Stockholders' equity:

Restricted stock units

		Restricted Stock Units				Weighted Average Grant Date Fair Value ($/share)
Outstanding at July 1, 2017			982,613				6.01
Granted			23,085				10.50
Vested and issued			(119,597	)			7.38
Forfeited			(28,487	)			10.96
Outstanding at June 30, 2018			857,614			$	6.46
Granted			62,962				6.05
Vested and issued			(31,078	)			10.77
Forfeited			(23,224	)			10.03
Outstanding at June 30, 2019			866,274				5.47

Fixed stock options and warrants outstanding

					Warrants Outstanding at June 30, 2019												Warrants Exercisable at June 30, 2019
	Range of exercise prices				Number Outstanding				Weighted average remaining contractual life (years)				Weighted average exercise price				Number exercisable				Weighted average exercise price
	$	4.00				1,085,068				0.60			$	4.00				1,085,068			$	4.00
	$	10.00				23,737			$	0.57				10.00			$	23,737				10.00
						1,108,805				0.60			$	4.13				1,108,85			$	4.13

Share repurchase program

Period (1)		Total Number of Shares Purchased				Average Price Paid Per Share				Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (2)				Amount Available for Future Share Repurchases Under the Plans or Programs
May 9, 2019 – May 31, 2019:			17,600			$	5.65				17,600			$	3,897,659
June 1, 2019 – June 30, 2019:			70,000			$	5.41				87,600			$	3,517,594
May 9, 2019 – June 30, 2019:			87,600			$	5.53				87,600			$	3,517,594

(1) We close our books and records on the last calendar day of each month to align our financial closing with our business processes.

(2) On May 9, 2019, our Board of Directors approved a Share Repurchase Program pursuant to which we are authorized to repurchase our Common Stock in privately negotiated transactions or in the open market at prices per share not exceeding the then-current market prices. From time to time, our Board of Directors may authorize increases to our Share Repurchase Program. The total remaining authorization for future common share repurchases under our Share Repurchase Program was $3,517,594 as of June 30, 2019. Under the Share Repurchase Program, management has discretion to determine the dollar amount of shares to be repurchased and the timing of any repurchases in compliance with applicable laws and regulations, including Rule 12b-18 of the Exchange Act. The Share Repurchase Program expires 24 months following May 9, 2019, and it may be suspended for periods or discontinued at any time.

X

- References

No definition available.

+ Details

Name:	PCYG_ShareRepurchaseProgramTableTextBlock
Namespace Prefix:	PCYG_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of number, weighted-average exercise price or conversion ratio, aggregate intrinsic value, and weighted-average remaining contractual term for outstanding restricted stock units that are fully vested and expected to vest. Includes, but is not limited to, unvested restricted stock units for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (e)(1)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationArrangementByShareBasedPaymentAwardRestrictedStockUnitsVestedAndExpectedToVestTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_StockholdersEquityAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of temporary equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (27)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 480
-SubTopic 10
-Section S99
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=65877616&loc=d3e177068-122764

+ Details

Name:	us-gaap_TemporaryEquityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration