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STOCK-BASED COMPENSATION (Detail Textuals) - Jun. 30, 2015 - 2015 Stock Plan - shares | Total
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Stock Options |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Maximum aggregate number of shares of common stock authorized to issue | 328,289
Description of exercise price for stock options | The exercise price for each option is determined by the Board of Directors, but will be (i) in the case of an incentive stock option (A) granted to an employee who, at the time of grant of such option, is a 10% stockholder, no less than 110% of the fair market value per share on the date of grant; or (B) granted to any other employee, no less than 100% of the fair market value per share on the date of grant; and (ii) in the case of a nonstatutory stock option, no less than 100% of the fair market value per share on the date of grant. The options awarded under the Plans shall vest as determined by the Board of Directors but shall not exceed a ten-year period.
Stock Options | Maximum |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Vesting period of options | 10 years
Incentive stock option | Employee - 10% stockholder | Minimum |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Threshold percentage of fair market value per share on grant date as exercise price of options | 110.00%
Incentive stock option | Other employee | Minimum |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Threshold percentage of fair market value per share on grant date as exercise price of options | 100.00%
Nonstatutory stock option | Minimum |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Threshold percentage of fair market value per share on grant date as exercise price of options | 100.00%

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- Definition Period which an employee's right to exercise an award is no longer contingent on satisfaction of either a service condition, market condition or a performance condition, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. + 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 (a)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition The maximum number of shares (or other type of equity) originally approved (usually by shareholders and board of directors), net of any subsequent amendments and adjustments, for awards under the equity-based compensation plan. As stock or unit options and equity instruments other than options are awarded to participants, the shares or units remain authorized and become reserved for issuance under outstanding awards (not necessarily vested). + 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 (a)(3) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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