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Equity Instruments (Tables)

6 Months Ended

Dec. 31, 2017

	Number of Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life in Years
Outstanding June 30, 2017		38,263		$	16.31		8.40
Granted		-		$	-
Exercised		-		$	-
Forfeited/Cancelled		(1,468	)	$	16.40
Outstanding December 31, 2017		36,795		$	16.30		7.58
Exercisable at December 31, 2017		27,031		$	16.27		7.33

Summary of stock-based compensation expense

	Three Months Ended December 31,				Six Months Ended December 31,
Selling, general and administrative:	2017		2016		2017		2016

Stock options	$	81,000	$	381,000	$	276,000	$	1,425,000

Restricted Stock		32,000		82,000		104,000		157,000
Total share-based compensation expense	$	113,000	$	463,000	$	380,000	$	1,582,000

Summary of all warrants

	Number of Warrants		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life in Years
Outstanding June 30, 2017		286,049	$	50.29		4.23

Warrants issued in connection with the August 2017 private offering		5,920,002	$	3.60
Warrants issued to underwriters in connection with the August 2017 private offering		394,669	$	3.60
Outstanding December 31, 2017		6,600,720	$	5.62		4.61

- 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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