Stockholders' Equity (Tables)

12 Months Ended

Jun. 30, 2020

Summary of Reserved Shares of Common Stock for Issuance

We have reserved shares of common stock for issuance as of June 30, 2020 as follows:

	Reserved
	Stock
	Options
Stock options outstanding	2,885,966
Stock available for future grants or issuance:
2005 Stock Incentive Plan	1,073,386
2005 Management Stock Option Plan	68,649
2017 Employee Stock Purchase Plan	773,483
Total reserved shares of common stock for issuance	4,801,484

Summary of Stock Options Outstanding and Exercisable under All Stock Option Plans

The following table summarizes information about stock options outstanding and exercisable under all stock option plans as of June 30, 2020:

	Options Outstanding				Options Exercisable
		Weighted
Range of		Average	Weighted			Weighted
Exercise	Number of	Remaining	Average		Number of	Average
Prices	Shares	Contractual Life	ExercisePrice		Shares	ExercisePrice
$1.2-$2.13	174,656	5.93	$	1.73	135,117	$	1.72
$2.5-$2.5	1,290,001	6.26	$	2.50	961,824	$	2.50
$3.4-$5.28	438,341	4.71	$	4.26	346,544	$	4.49
$5.31-$6.65	350,688	5.40	$	6.32	289,726	$	6.30
$7.1-$7.96	314,755	8.71	$	7.86	73,620	$	7.92
$8.2-$12.15	242,825	8.86	$	10.17	63,003	$	10.89
$12.8-$12.8	3,000	7.96	$	12.80	1,500	$	12.80
$13.4-$13.4	1,000	3.36	$	13.40	1,000	$	13.40
$13.75-$13.75	67,150	8.04	$	13.75	32,175	$	13.75
$14.4-$14.4	3,550	8.12	$	14.40	1,627	$	14.40
$1.2-$14.4	2,885,966	6.43	$	4.71	1,906,136	$	4.08

Summary of Options Vested and Exercisable

The summary of options vested and exercisable as of June 30, 2020 comprised:

						Weighted
						Average
		Weighted		Aggregate		Remaining
	Number of	Average		Intrinsic		Contractual
	Shares	ExercisePrice		Value		Term
Options outstanding	2,885,966	$	4.71	$	18,749,416	6.43
Fully vested and expected to vest options	2,764,982	$	4.61	$	18,223,187	6.35
Options exercisable	1,906,136	$	4.08	$	13,523,577	5.58

Summary of Effect of Stock Based Compensation

	Fiscal Year Ended June 30,
	2020		2019
Non-cash stock-based compensation expense	$	(1,861)	$	(1,623)
Income tax expense		(56)		—
Net income effect	$	(1,917)	$	(1,623)

Summary of Stock Option Assumptions

	Fiscal Year Ended June 30,
		2020		2019
Dividend yield		—		—
Expected volatility		70	%	68	%
Average risk-free interest rate		1.37	%	2.61	%
Expected life (in years)		4.33		4.36

Summary of Employee Stock Purchase Plan (ESPP) assumptions

	Fiscal Year Ended June 30,
	2020			2019
Expected term (in years)		0.50			0.48
Volatility		65	%		87	%
Expected dividend		—			—
Risk-free interest rate		1.88	%		2.45	%
Fair Value of grants per share	$	2.97		$	2.92

2005 Management Stock Option Plan

Summary of Plan Activity

	Shares
	Available for	Options	Weighted
	Grant	Outstanding	Average Price
Balance as of June 30, 2018	68,649	1,492,125	$	3.51
Options Granted	—	—	$	—
Options Exercised	—	(174,399)	$	3.12
Options Forfeited / Expired	—	—	$	—
Balance as of June 30, 2019	68,649	1,317,726	$	3.56
Options Granted	—	—	$	—
Options Exercised	—	(39,209)	$	2.89
Options Forfeited / Expired	—	—	$	—
Balance as of June 30, 2020	68,649	1,278,517	$	3.58

2005 Stock Incentive Plan

Summary of Plan Activity

	Shares		Weighted
	Available for	Options	Average
	Grant	Outstanding	Price
Balance as of June 30, 2018	588,654	1,680,734	$	2.90
Options Granted	(334,500)	334,500	$	9.58
Options Exercised	—	(418,078)	$	1.37
Options Forfeited / Expired	93,549	(93,549)	$	5.26
Balance as of June 30, 2019	347,703	1,503,607	$	4.67
Shares Added	1,000,000	—	$	—
Options Granted	(350,125)	350,125	$	8.29
Options Exercised	—	(170,475)	$	2.52
Options Forfeited / Expired	75,808	(75,808)	$	6.40
Balance as of June 30, 2020	1,073,386	1,607,449	$	5.60