Akoustis Technologies, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)

9 Months Ended

Mar. 31, 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:

Exercise price	$6.24 – $7.12
Expected term (years)	4.00 – 7.00
Risk-free interest rate	1.76 – 2.54	%
Volatility	69 - 70	%
Dividend yield	0	%

Schedule of option activity

The following is a summary of the option activity:

	Options			Weighted Average Exercise Price
Outstanding - June 30, 2017		160,000		$	1.50
Granted		1,131,859			6.70
Exercised		—			—
Forfeited/Cancelled		(28,000	)		7.12
Outstanding – March 31, 2018		1,263,859		$	6.03
Exercisable – March 31, 2018		80,000		$	1.50

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 March 31, 2018 and changes during the nine months then ended is as follows:

	Number of RSAs/RSUs			Weighted Average Fair Value per Share/Unit
Outstanding - June 30, 2017		1,460,632		$	3.66
Granted		999,494			6.58
Vested		(540,160	)		3.19
Forfeited/Cancelled/Repurchased		(209,651	)		3.21
Outstanding – March 31, 2018		1,710,315		$	5.57