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

Mar. 31, 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:

	For the Year Ended
	March 31, 2016
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 – April 1, 2015		—	$	—
Exercisable –April 1, 2015		—		—
Granted		160,000		1.50
Exercised		—		—
Forfeited/Cancelled		—		—
Outstanding – March 31, 2016		160,000	$	1.50
Exercisable – March 31, 2016		—	$	—

Schedule of resricted shares

The following is a summary of restricted shares:

							Stock-based Compensation Expense
									For the Period from
							For the Year Ended		May 12, 2014 (Inception) through		Unrecognized Compensation
Grant Date	Shares Issued		Fair Value		Shares Vested		March 31, 2016		March 31, 2015		March 31, 2016		March 31, 2015
June 2014		307,876	$	381,779		96,211	$	115,045	$	3,916	$	262,818	$	269,134
July 2014		32,408		2,090		9,452		486		363		1,241		1,727
August 2014		81,020		169,986		21,943		41,687		807		127,492		119,756
September 2014		129,633		74,339		32,408		19,981		1,133		53,225		53,437
March 2015		72,918		153,663		-		24,444		-		129,219		109,184
June 2015		293,000		439,500		-		84,839		-		354,661		-
November 2015		36,200		54,300		-		7,993		-		46,307		-
December 2015		300,000		590,300		-		151,179		-		439,121		-
January 2016		40,000		68,000		-		7,829		-		60,171		-
March 2016		60,000		126,600		-		12,133		-		114,467		-

		1,353,055	$	2,060,557		160,014	$	465,616	$	6,219	$	1,588,722	$	553,238