XML 29 R25.htm IDEA: XBRL DOCUMENT v3.2.0.727

Capital Stock (Tables)

12 Months Ended

Jun. 30, 2015

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Summary of Option Activity Under Stock Incentive and Compensation Plan

A summary of option activity under the Stock Incentive and Compensation Plan  as of June 30, 2015, and changes during the year then ended is presented below.

Options		Shares				Weighted Average Exercise Price				Weighted-Average Remaining Contactual Term				Aggregate Intrinsic Value ($)
Outstanding at July 1, 2014			—			$	—
Granted			995,000				1.53
Exercised			—				—
Forfeited or expired			—				—
Outstanding at June 30, 2015			995,000			$	1.53				5.00				—
Exercisable at June 30, 2015			331,670			$	1.53				5.00				—

Summary of Status of Non-Vested Shares

A summary of the status of Paramount’s non-vested shares as of June 30, 2015 and changes during the year ended June 30, 2015 is presented below.

Nonvested Options		Shares				Weighted- Average Grant-Date Fair Value
Nonvested at July 1, 2014			—			$	—
Granted			995,000				1.13
Vested			331,670				1.16
Forfeited			—
Nonvested at June 30, 2015			663,330

Option awards with performance conditions | Monte-Carlo Simulation valuation model

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Schedule of Changes in Fair Value Assumptions

The key assumptions used in the simulations were as follows:

		2015				2014
Weighted average risk-free interest rate			0.61	%			-
Weighted-average volatility			108.70	%			-
Weighted average fair value		$	1.16				-

Option awards without performance conditions | Black-Scholes option valuation model

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Schedule of Changes in Fair Value Assumptions

The fair value of option awards that do not have market conditions are estimated on the date of grant using a Black-Scholes option valuation model that uses the assumptions noted in the following table. Because Black-Scholes option valuation models incorporate ranges of assumptions for inputs, those ranges are disclosed. Given Paramount’s short history as a public company, expected volatilities are based on, historical volatilities from five proxy companies’ stock. Paramount uses historical data to estimate option exercise and employee termination within the valuation model; separate groups of employees that have similar historical exercise behavior are considered separately for valuation purposes. The expected term of options granted is derived from the output of the option valuation model and represents the period of time that options granted are expected to be outstanding; the range given below results from certain groups of employees exhibiting different behavior. The risk-free rate for periods within the contractual life of the option is based on the U.S. Treasury yield curve in effect at the time of grant.

		2015				2014
Weighted average risk-free interest rate			0.98	%			-
Weighted-average volatility			107.47	%			-
Expected dividends		$	0.00				-
Weighted average expected term (years)			3.75				-
Weighted average fair value		$	1.08				-

X

- Definition

Tabular disclosure of the changes in outstanding nonvested shares.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 718



-SubTopic 10



-Section 50



-Paragraph 2



-Subparagraph (c)(2)



-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

+ Details

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

X

- Definition

Tabular disclosure of share-based compensation plans that may be presented in a single table for outstanding, vested and expected to vest, and exercisable awards. The information that may be disclosed in this table may include, but is not limited to, number of shares, weighted average exercise price, weighted average remaining contractual life, and aggregate intrinsic value.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationActivityTableTextBlock
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://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 718



-SubTopic 10



-Section 50



-Paragraph 2



-Subparagraph (f)(2)



-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

+ Details

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

X

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

+ Details

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

X

- Details

Name:	us-gaap_AwardTypeAxis=pzg_StockOptionsWithPerformanceConditionsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_ValuationTechniqueAxis=pzg_MonteCarloSimulationValuationModelMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_AwardTypeAxis=pzg_StockOptionsWithoutPerformanceConditionsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_ValuationTechniqueAxis=pzg_BlackScholesOptionModelMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: