Akoustis Technologies, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)

12 Months Ended

Jun. 30, 2018

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