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Stockholders' Equity (Tables)

9 Months Ended

Mar. 31, 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 June 30, 2017		3,130,310		1.15		2,994,851		1.15		135,459		1.07
Granted		772,000		1.29		750,000		1.30		22,000		1.20
Options vesting		-		-		61,291		1.06		(61,291)		1.06
Exercised		(357,766)		1.11		(357,766)		1.11		-		-
Forfeited/Cancelled		(482,709)		1.31		(471,042)		1.32		(11,667)		1.07
Outstanding at March 31, 2018		3,061,835	$	1.16		2,977,334	$	1.16		84,501	$	1.10

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 nine months ended March 31, 2018 and 2017.

	Nine Months Ended March 31,
	2018			2017
Expected dividend yield		0	%		0	%
Risk-free interest rate		1.45% - 2.60	%		1.27% - 2.06	%
Expected life (in years)		2.6 - 6.0			5.0 - 6.0
Expected volatility		70% - 76	%		78% - 81	%

Schedule of Share-based Compensation, by Exercise Price Range

Additional information regarding stock options outstanding and exercisable as of March 31, 2018 is as follows:

Option Exercise Price		Options Outstanding		Remaining Contractual Life (in years)		Options Exercisable
$	0.59		8,150		4.25		8,150
	0.60		5,000		4.25		5,000
	0.65		6,150		4.25		6,150
	0.70		225,000		7.68		225,000
	0.77		59,500		5.51		59,500
	0.80		16,000		7.39		16,000
	0.90		25,667		6.06		25,667
	0.97		6,000		4.25		6,000
	1.00		290,249		2.40		290,247
	1.02		227,000		2.68		227,000
	1.05		447,529		8.38		416,530
	1.07		53,898		4.55		53,898
	1.09		156,165		7.71		124,665
	1.10		105,000		7.25		105,000
	1.14		3,674		4.25		3,674
	1.15		209,400		3.57		209,400
	1.20		353,414		9.32		331,414
	1.25		32,000		4.88		32,000
	1.30		263,000		3.93		263,000
	1.50		380,000		1.00		380,000
	1.75		1,067		4.25		1,067
	1.80		162,550		5.20		162,550
	1.85		24,000		4.84		24,000
	1.97		1,422		4.25		1,422
	Total		3,061,835				2,977,334

Schedule of Other Share-based Compensation, Activity

The following table summarizes warrant activity:

	Number of Warrants		Weighted Average Exercise Price
Outstanding, June 30, 2017		1,985,000		1.25
Granted		-		-
Exercised		-		-
Expired/Cancelled		-		-
Outstanding, March 31, 2018		1,985,000	$	1.25
Exercisable, June 30, 2017		1,985,000	$	1.25
Exercisable, March 31, 2018		1,985,000	$	1.25

Schedule of Stockholders' Equity Note, Warrants or Rights

Additional information regarding warrants outstanding and exercisable as of March 31, 2018 is as follows:

Warrant Exercise Price	Warrants Outstanding		Remaining Contractual Life (in years)		Warrants Exercisable
$1.19		100,000		3.73		100,000
1.25		1,885,000		3.20		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, 2017		513,194		412,938		0.92
Granted		386,607		409,917		1.06
Vested		(251,280)		(270,047)		0.91
Forfeited		(214,324)		(188,203)		1.00
Non-vested, March 31, 2018		434,197	$	364,605	$	1.02

- 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.

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