Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v3.19.1
Stockholders' Equity (Tables)
 9 Months Ended
Mar. 31, 2019
Equity [Abstract]  
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:

  

     

Nine Months Ended  

March 31, 2019 

  
Exercise price     $3.78 – $8.18  
Expected term (years)     4.00 – 7.00  
Risk-free interest rate     2.19 – 3.01%  
Volatility     66 – 69%  
Dividend yield     0%  
Weighted Average Grant Date Fair Value of Options granted during the period      $2.82  
Schedule of stock-based compensation expense

Compensation expense related to our stock-based awards described above was as follows:

  

    Three Months Ended March 31,  
    2019     2018  
Share based compensation expense   $ 2,255,301     $ 1,551,500  

 

    Nine Months Ended March 31,  
    2019     2018  
Share based compensation expense   $ 5,521,980     $ 3,628,331  
Schedule of unrecognized stock-based compensation expense and weighted-average years

Unrecognized stock-based compensation expense and weighted-average years to be recognized are as follows:

  

    As of March 31, 2019  
   

Unrecognized stock- 

based compensation 

    

Weighted-
average years

to be recognized

  
Options   $ 3,360,742       2.02  
Restricted stock awards/units   $ 5,070,230       1.94  
Performance based units   $ 423,914       0.43