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Stockholders' Deficit (Tables) | 12 Months Ended
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Jun. 30, 2020
Equity [Abstract] |
Schedule of Stock Warrant Activity | Warrant detail for the year ended June 30, 2020 is reflected below:
|  | Number of Warrants |  |  | Weighted Average Exercise Price Per Warrant |  |  | Remaining Contract Term (# years) |
Warrants outstanding and exercisable at June 30, 2019 |  |  | 8,333 |  |  | $ | 20.00 |  |  |  | 0.25 |
Warrants issued |  |  | 83,205 |  |  | $ | 4.00 |  |  |  | 3.00 |
Warrants exchanged |  |  | - |  |  | $ | - |  |  |  | - |
Warrants forfeited |  |  | (8,333 | ) |  | $ | 20.00 |  |  |  |  |
Warrants outstanding and exercisable at June 30, 2020 |  |  | 83,205 |  |  | $ | 4.00 |  |  |  | 2.01 |
Warrant detail for the year ended June 30, 2019 is reflected below:
|  | Number of Warrants |  |  | Weighted Average Exercise Price Per Warrant |  |  | Remaining Contract Term (# years) |
Warrants outstanding and exercisable at June 30, 2018 |  |  | 174,079 |  |  | $ | 20.30 |  |  |  | 0.74 |
Warrants issued |  |  | - |  |  | $ | - |  |  |  | - |
Warrants exchanged |  |  | (7,996 | ) |  | $ | 14.80 |  |  |  | - |
Warrants forfeited |  |  | (157,750 | ) |  | $ | 19.93 |  |  |  | - |
Warrants outstanding and exercisable at June 30, 2019 |  |  | 8,333 |  |  | $ | 20.00 |  |  |  | 0.25 |
Schedule of Stock Options Activity | Activity in stock options during the year ended June 30, 2020 and related balances outstanding as of that date are reflected below:
|  | Number of Shares |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contract Term (# years) |
Outstanding at June 30, 2019 |  |  | 580,171 |  |  | $ | 11.05 |  |  |  | 8.59 |
Granted |  |  | 19,272 |  |  | $ | 8.45 |  |  |  |  |
Exercised |  |  | (5,249 | ) |  | $ | 4.68 |  |  |  |  |
Forfeited and cancelled |  |  | (14,610 | ) |  | $ | 11.86 |  |  |  |  |
Outstanding at June 30, 2020 |  |  | 579,584 |  |  | $ | 11.00 |  |  |  | 7.55 |
Exercisable at June 30, 2020 |  |  | 454,156 |  |  | $ | 10.77 |  |  |  | 7.27 |
Activity in stock options during the year ended June 30, 2019 and related balances outstanding as of that date are reflected below:
|  | Number of Shares |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contract Term (# years) |
Outstanding at June 30, 2018 |  |  | 350,726 |  |  | $ | 8.38 |  |  |  | 8.87 |
Granted |  |  | 245,027 |  |  | $ | 14.45 |  |  |  |  |
Exercised |  |  | - |  |  | $ | - |  |  |  |  |
Forfeited and cancelled |  |  | (15,582 | ) |  | $ | 4.64 |  |  |  |  |
Outstanding at June 30, 2019 |  |  | 580,171 |  |  | $ | 11.05 |  |  |  | 8.59 |
Exercisable at June 30, 2019 |  |  | 303,611 |  |  | $ | 10.02 |  |  |  | 8.01 |
Schedule of Stock-Based Compensation Expenses | We allocated stock-based compensation expense included in the consolidated statements of operations for employee option grants and non-employee option grants as follows:
Years ended June 30, |  | 2020 |  |  | 2019 |
Research and development |  | $ | 215,000 |  |  | $ | 314,000 |
Selling and administrative |  |  | 1,588,000 |  |  |  | 1,630,000 |
Total stock-based compensation expense |  | $ | 1,803,000 |  |  | $ | 1,944,000 |
Schedule of Fair Value Assumptions of Stock Options | The fair value of stock options was measured at the grant date using the assumptions (annualized percentages) in the table below:
Years ended June 30, |  | 2020 |  |  | 2019 |
Expected volatility |  |  | 100.6% - 119.6 | % |  |  | 111.4% -112.2 | %
Risk free interest rate |  |  | 0.35% - 2.00 | % |  |  | 2.43% - 2.45 | %
Forfeiture rate |  |  | 20 | % |  |  | 20 | %
Dividend yield |  |  | 0 | % |  |  | 0 | %
Expected term (years) |  |  | 6.35 |  |  |  | 5.61 |

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- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + 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 (h)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 14.F) -URI http://asc.fasb.org/extlink&oid=115993241&loc=d3e301413-122809 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5047-113901 + Details
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- 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=120381028&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=120381028&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=120381028&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=120381028&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=120381028&loc=d3e5047-113901 Reference 2: 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 + Details
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