Akoustis Technologies, Inc. General form of registration statement for all companies including face-amount certificate companies

General form of registration statement for all companies including face-amount certificate companies

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)

9 Months Ended

12 Months Ended

Mar. 31, 2017

Jun. 30, 2016

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:

Expected term (years)	6.25
Risk-free interest rate	1.29	%
Volatility	47	%
Dividend yield	0	%

Schedule of the option activity

The following is a summary of the option activity:

	Options		Weighted Average Exercise Price

Outstanding – June 30, 2016		160,000	$	1.50
Exercisable – June 30, 2016		40,000	$	1.50
Granted		—		—
Exercised		—		—
Forfeited/Cancelled		—		—
Outstanding – March 31, 2017		160,000	$	1.50
Exercisable – March 31, 2017		40,000	$	1.50

The following is a summary of the option activity:

	Options		Weighted Average Exercise Price

Outstanding – April 1, 2015		—	$	—
Exercisable –April 1, 2015		—		—
Granted		160,000		1.50
Exercised		—		—
Forfeited/Cancelled		—		—
Outstanding – June 30, 2015		160,000	$	1.50
Exercisable – June 30, 2015		—	$	—
Granted		—		—
Exercised		—		—
Forfeited/Cancelled		—		—
Outstanding – March 31, 2016		160,000	$	1.50
Exercisable – March 31, 2016		—	$	—
Granted		—		—
Exercised		—		—
Forfeited/Cancelled		—		—
Outstanding – June 30, 2016		160,000	$	1.50
Exercisable – June 30, 2016 (1)		40,000	$	1.50

Schedule of resricted shares

The following is a summary of restricted shares:

Grant Date	Shares Issued		Fair Value		Shares Vested
June 2014		307,876	$	2,103,429		96,211
July 2014		32,408		2,090		9,452
August 2014		81,020		534,950		31,056
September 2014		129,633		513,400		32,408
March 2015		72,918		691,565		13,164
June 2015		293,000		439,500		-
November 2015		36,200		54,300		-
December 2015		300,000		1,393,000		230,000
January 2016		40,000		68,000		-
March 2016		60,000		333,000		60,000
June 2016		118,000		577,771		-
August 2016		351,000		1,570,472		40,000
January 2017		192,000		1,472,302		-
February 2017		110,000		697,500		-
March 2017		20,000		135,000		-
		2,144,055	$	10,586,279		512,291

The following is a summary of restricted shares:

Grant Date	Shares Issued		Fair Value		Shares Vested
June 2014		307,876	$	604,385		96,211
July 2014		32,408		1,469		9,452
August 2014		81,020		207,257		33,083
September 2014		129,633		260,514		32,408
March 2015		72,918		259,288		8,608
June 2015		293,000		439,500		-
November 2015		36,200		54,300		-
December 2015		300,000		1,068,700		-
January 2016		40,000		68,000		-
March 2016		60,000		251,400		-
June 2016		8,000		33,600		-

		1,361,055	$	3,248,413		179,762

Schedule of stock-based compensation expense

In relation to the above restricted stock agreements for the three months ended June 30, 2016, the years ended June 30, 2016, June 30, 2015, March 31, 2016 and the period May 12, 2014 (Inception) through June 30, 2015, the Company recorded stock–based compensation expense for the shares that have vested, as follows:

								For the Period from
For the Three Months Ended		For the Year Ended		For the Year Ended		For the Year Ended		May 12, 2014 (Inception) through
June 30, 2016		June 30, 2016		June 30, 2015		March 31, 2016		March 31, 2015

$	428,678	$	821,617	$	78,925	$	465,616	$	6,219

General and Administrative Expense [Member]

Schedule of stock-based compensation expense

The Company recorded stock-based compensation expense for the shares issued to consultants that have vested, which is a component of general and administrative expenses in the Condensed Consolidated Statement of Operations as follows:

			Stock Based Compensation

			For the Nine Months Ended
Month of Original Grant	Shares Issued		March 31, 2017		March 31, 2016
December 2015		230,000	$	945,189	$	136,603
March 2016		60,000		261,214		12,133
August 2016		40,000		147,600		-
January 2017		50,000		114,329		-
		380,000	$	1,468,332	$	148,736

In relation to the above consulting agreements for the three months ended June 30, 2016, the years ended June 30, 2016, June 30, 2015, March 31, 2016 and the period May 12, 2014 (Inception) through June 30, 2015 the Company recorded stock–based compensation expense for the shares that have vested, which is a component of general and administrative expenses in the Consolidated Statement of Operations as follows:

			Stock Based Compensation
											For the Period from
			For the Three Months Ended		For the Year Ended		For the Year Ended		For the Year Ended		May 12, 2014 (Inception) through
	Shares Issued		June 30, 2016		June 30, 2016		June 30, 2015		March 31, 2016		March 31, 2015

December 2015		230,000	$	206,208	$	342,811	$	-	$	136,603	$	-
March 2016		60,000		59,653		71,786		-		12,133		-
		290,000	$	265,861	$	414,597	$	-	$	148,736	$	-