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Capital Stock (Tables) | 12 Months Ended
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Jun. 30, 2018
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, 2018, and changes during the year then ended is presented below.
Options |  | Shares |  |  | Weighted Average Exercise Price |  |  | Weighted-Average Remaining Contractual Term |  |  | Aggregate Intrinsic Value ($) |
Outstanding at July 1, 2017 |  |  | 1,045,000 |  |  | $ | 1.54 |  |  |  | 3.02 |  |  |  |  |
Granted |  |  | 523,995 |  |  |  | 1.37 |  |  |  |  |  |  |  |  |
Exercised |  |  | — |  |  |  | — |  |  |  |  |  |  |  |  |
Forfeited or expired |  |  | — |  |  |  | — |  |  |  |  |  |  |  |  |
Outstanding at June 30, 2018 |  |  | 1,568,995 |  |  | $ | 1.50 |  |  |  | 2.86 |  |  | $ | — |
Exercisable at June 30, 2018 |  |  | 1,011,666 |  |  | $ | 1.54 |  |  |  | 1.95 |  |  | $ | — |
Summary of Status of Non-Vested Shares | A summary of the status of Paramount’s non-vested shares as of June 30, 2018 and changes during the year ended June 30, 2018 is presented below.
Nonvested Options |  | Shares |  |  | Weighted- Average Grant-Date Fair Value |
Nonvested at July 1, 2017 |  |  | 33,334 |  |  | $ | 1.23 |
Granted |  |  | 523,995 |  |  |  | 0.78 |
Vested |  |  | — |  |  |  | — |
Forfeited |  |  | — |  |  |  | — |
Nonvested at June 30, 2018 |  |  | 557,329 |  |  | $ | 0.79 |
Monte-Carlo Simulation valuation model | Option awards with performance conditions |
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:
|  | 2018 |  |  | 2017 |
Weighted average risk-free interest rate |  |  | 0.00 | % |  |  | 1.26 | %
Weighted-average volatility |  |  | 0.00 | % |  |  | 70.26 | %
Weighted average fair value |  | $ | — |  |  | $ | 1.22 |
Black-Scholes option valuation model | Option awards without performance conditions |
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.
|  | 2018 |  |  | 2017 |
Weighted average risk-free interest rate |  |  | 2.54 | % |  |  | 1.26 | %
Weighted-average volatility |  |  | 67.16 | % |  |  | 70.26 | %
Expected dividends |  |  | 0.00 |  |  |  | 0.00 |
Weighted average expected term (years) |  |  | 5 |  |  |  | 5 |
Weighted average fair value |  | $ | 0.78 |  |  | $ | 1.23 |
Warrants |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] |
Summary of Warrant Activity | A summary of warrant activity as of June 30, 2018, and changes during year ended is presented below:
|  | Warrants |  |  | Weighted Average Exercise Price |  |  | Weighted- Average Remaining Contractual Term (Years) |  |  | Aggregate Intrinsic Value ($) |
Outstanding at July 1, 2017 |  |  | 1,045,000 |  |  | $ | 2.13 |  |  |  | 1.67 |  |  |  | — |
Issued |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Outstanding at June 30, 2018 |  |  | 1,045,000 |  |  | $ | 2.13 |  |  |  | .67 |  |  |  | — |

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- Definition Tabular disclosure for share-based compensation 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 (e) -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 (c)(2) -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 (d) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 + Details
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- 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
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- 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
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