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Capital Stock (Tables)

12 Months Ended

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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Tabular disclosure of the changes in outstanding nonvested shares.

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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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