XML 42 R23.htm IDEA: XBRL DOCUMENT v3.10.0.1

Stockholders' Equity (Tables)

12 Months Ended

Jun. 30, 2018

Stockholders' Equity Note [Abstract]

Schedule of Share-based Compensation, Stock Options, Activity

The following table summarizes vested and unvested stock option activity:

		All Options								Vested Options								Unvested Options
		Shares				Weighted Average Exercise Price				Shares				Weighted Average Exercise Price				Shares				Weighted Average Exercise Price
Outstanding at July 1, 2016			2,717,193				1.16				2,517,333				1.17				199,860				1.06
Granted			630,117				1.11				542,000				1.12				88,117				1.05
Options vesting			-				-				152,518				1.04				(152,518	)			1.04
Exercised			-				-				-				-				-				-
Forfeited/Cancelled			(217,000	)			1.23				(217,000	)			1.23				-				-
Outstanding at June 30, 2017			3,130,310				1.15				2,994,851				1.15				135,459				1.07
Granted			807,000				1.31				750,000				1.30				57,000				1.44
Options vesting			-				-				74,333				1.07				(74,333	)			1.07
Exercised			(462,766	)			1.19				(462,766	)			1.19				-				-
Forfeited/Cancelled			(482,709	)			1.31				(471,042	)			1.32				(11,667	)			1.07
Outstanding at June 30, 2018			2,991,835			$	1.16				2,885,376			$	1.15				106,459			$	1.27

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The following table presents the assumptions used to estimate the fair values based upon a Black-Scholes option pricing model of the stock options granted during the years ended June 30, 2018 and 2017.

		Years Ended June 30,
		2018				2017
Expected dividend yield			0	%			0	%
Risk-free interest rate			1.45% - 2.88	%			1.27% - 2.06	%
Expected life (in years)			2.6 - 6.0				5.0 - 6.0
Expected volatility			68% - 76	%			77% - 81	%

Schedule of Share-based Compensation, by Exercise Price Range

Additional information regarding stock options outstanding and exercisable as of June 30, 2018 is as follows:

Option ‎Exercise ‎Price				Options ‎Outstanding				Remaining ‎Contractual ‎Life (in years)				Options ‎Exercisable
$	0.59				8,150				4.00				8,150
	0.60				5,000				4.00				5,000
	0.65				6,150				4.00				6,150
	0.70				225,000				7.44				225,000
	0.77				59,500				5.26				59,500
	0.80				16,000				7.15				16,000
	0.90				25,667				5.81				25,667
	0.97				6,000				4.00				6,000
	1.00				290,249				2.15				290,249
	1.02				227,000				2.43				227,000
	1.05				447,529				8.13				421,695
	1.07				53,898				4.30				53,898
	1.09				156,165				7.46				132,540
	1.10				105,000				7.01				105,000
	1.14				3,674				4.00				3,674
	1.15				209,400				3.32				209,400
	1.20				353,414				9.07				331,414
	1.25				32,000				4.63				32,000
	1.30				243,000				3.68				243,000
	1.50				295,000				4.25				295,000
	1.59				35,000				9.87				-
	1.75				1,067				4.00				1,067
	1.80				162,550				4.95				162,550
	1.85				24,000				4.59				24,000
	1.97				1,422				4.00				1,422
	Total				2,991,835								2,885,376

Schedule of Other Share-based Compensation, Activity

The following table summarizes warrant activity:

		Number of Warrants				Weighted Average Exercise Price
Outstanding, June 30, 2016			1,990,000			$	1.25
Granted			-				-
Exercised			-				-
Expired/Cancelled			(5,000	)			3.75
Outstanding, June 30, 2017			1,985,000				1.25
Granted			-				-
Exercised			-				-
Expired/Cancelled			-				-
Outstanding, June 30, 2018			1,985,000			$	1.25
Exercisable, June 30, 2017			1,985,000			$	1.25
Exercisable, June 30, 2018			1,985,000			$	1.25

Schedule of Stockholders' Equity Note, Warrants or Rights

Additional information regarding warrants outstanding and exercisable as of June 30, 2018 is as follows:

Warrant ‎Exercise Price				Warrants Outstanding				Remaining  Contractual  Life (in years)				Warrants ‎Exercisable
$	1.19				100,000				3.48				100,000
	1.25				1,885,000				2.95				1,885,000
Total					1,985,000								1,985,000

Schedule of Nonvested Restricted Stock Units Activity

The following table summarizes restricted common stock activity:

		Number of Shares				Fair Value				Weighted Average Grant Date Fair Value
Non-vested, June 30, 2016			706,642			$	502,629			$	0.82
Granted			269,510				276,600				1.03
Vested			(462,958	)			(366,291	)			0.82
Forfeited			-				-				-
Non-vested, June 30, 2017			513,194				412,938				0.92
Granted			423,107				467,952				1.11
Vested			(305,358	)			(332,527	)			0.91
Forfeited			(214,324	)			(188,203	)			1.00
Non-vested, June 30, 2018			416,619			$	360,160			$	1.08

Schedule of Repurchase Agreements

The following table summarizes repurchases of our common stock on a monthly basis:

Period		Total Number ‎of Shares ‎Purchased1				Average ‎Price Paid ‎per Share				Total Number of Shares ‎Purchased as Part of ‎Publicly Announced ‎Plans or Programs				Approximate Dollar Value ‎of Shares that May Yet Be ‎Purchased Under the ‎Plans or Programs
September 2016			25,508			$	1.04				-				-
December 2016			54,200			$	1.03				-				-
March 2017			7,250			$	1.10				-				-
June 2017			109,000			$	1.00				-				-
Year ended June 30, 2017			195,958			$	1.02				-				-
September 2017			34,800			$	1.14				-				-
December 2017			52,300			$	1.21				-				-
March 2018			19,750			$	1.29				-			$	274,523
June 2018			14,050			$	1.73				-			$	250,216
Year ended June 30, 2018			120,900			$	1.26				-			$	250,216

1 Consists of shares of common stock purchased from employees to satisfy tax obligations in connection with the vesting of stock incentive awards.

X

- Definition

Tabular disclosure of the changes in outstanding nonvested restricted stock units.

+ 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 (c)(2)
-URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901

+ Details

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

X

- Definition

Tabular disclosure of the changes in other outstanding share-based compensation awards other than stock options or nonvested awards.

+ 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 (c)(2)
-URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901

+ Details

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

X

- Definition

The entire disclosure for repurchase agreements.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(m)(1))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

+ Details

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

X

- Definition

Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.

+ 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
-URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901

+ Details

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

X

- Definition

Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

+ 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 (d)
-URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901

+ Details

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

X

- Definition

Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ 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 (f)(2)
-URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901

+ Details

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

X

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5047-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(i))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 50
-Section S99
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6784392&loc=d3e188667-122775

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 50
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=68057994&loc=d3e25284-112666

+ Details

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

X

- References

No definition available.

+ Details

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