Annual report pursuant to Section 13 and 15(d)

Stockholders' Equity (Tables)

v3.10.0.1
Stockholders' Equity (Tables)
12 Months Ended
Jun. 30, 2018
Equity [Abstract]  
Schedule of stock-based compensation expense

The fair values of the warrants were estimated at the dates of grant using a binomial option pricing model with the following weighted average assumptions:

 

Expected term (years)     5.50  
Risk-free interest rate     2.12 %
Volatility     69 %
Dividend yield     0 %
Schedule of Black-Scholes option pricing model with weighted average assumptions

The fair values of the Company’s options were estimated at the dates of grant using a Black-Scholes option pricing model with the following weighted average assumptions:

 

      June 30, 2018  
Exercise price     $6.24 – $7.59  
Expected term (years)     4.00 – 7.00  
Risk-free interest rate     1.76 – 2.81%  
Volatility     67 – 70%  
Dividend yield     0%  
Weighted Average Grant Date Fair Value of Options granted during the period     $3.82
Schedule of option activity

The following is a summary of the option activity:

 

    Options     Weighted-
Average
Exercise Price
    Weighted-Average
Remaining Contractual
Term (in years)
    Aggregate Intrinsic
Value (in thousands)
 
Outstanding – June 30, 2017     160,000       1.50                  
Exercisable – June 30, 2017     80,000       1.50                  
Granted     1,229,859       6.69                  
Exercised                            
Forfeited/Cancelled     (51,000)       7.00                  
Outstanding – June 30, 2018     1,338,859       6.06       6.64       1,627  
Exercisable – June 30, 2018     120,000       1.50       6.90       692  
Schedule of restricted stock awards and restricted stock unit

A summary of unvested restricted stock awards (“RSAs”) and restricted stock unit awards (“RSUs”) outstanding as of June 30, 2018 and changes during the twelve months then ended is as follows:

 

    Number of 
RSAs/RSUs
   

Weighted 

Average

Fair Value per
Share/Unit 

 
Outstanding - June 30, 2017     1,460,632     $ 3.73  
Granted     1,035,994       6.61  
Vested     (653,420 )     3.41  
Forfeited/Cancelled/Repurchased     (244,151 )     3.68  
Outstanding – June 30, 2018     1,599,055     $ 5.73