Stockholders' Equity (Tables)
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12 Months Ended |
Jun. 30, 2016 |
Stockholders' Equity Note [Abstract] |
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Schedule of Share-based Compensation, Stock Options, Activity |
The following table summarizes vested and unvested stock option activity: | | All Options | | Vested Options | | Unvested Options | | | | | | Weighted | | | | Weighted | | | | Weighted | | | | | | Average | | | | Average | | | | Average | | | | | | Exercise | | | | Exercise | | | | Exercise | | | | Shares | | Price | | Shares | | Price | | Shares | | Price | | Outstanding at July 1, 2014 | | | 1,888,851 | | $ | 1.27 | | | 1,526,130 | | $ | 1.21 | | | 362,721 | | $ | 1.53 | | Granted | | | 577,985 | | | 1.04 | | | 495,000 | | | 1.07 | | | 82,985 | | | 0.86 | | Options vesting | | | - | | | - | | | 235,124 | | | 1.51 | | | (235,124) | | | 1.51 | | Exercised | | | - | | | - | | | - | | | - | | | - | | | - | | Forfeited/Cancelled | | | - | | | - | | | - | | | - | | | - | | | - | | Outstanding at June 30, 2015 | | | 2,466,836 | | | 1.22 | | | 2,256,254 | | | 1.21 | | | 210,582 | | | 1.29 | | Granted | | | 520,982 | | | 0.83 | | | 299,750 | | | 0.77 | | | 221,232 | | | 0.68 | | Options vesting | | | - | | | - | | | 226,798 | | | 0.87 | | | (226,798) | | | 0.87 | | Exercised | | | - | | | - | | | - | | | - | | | - | | | - | | Forfeited/Cancelled | | | (270,625) | | | 1.04 | | | (265,469) | | | 1.03 | | | (5,156) | | | 1.80 | | Outstanding at June 30, 2016 | | | 2,717,193 | | $ | 1.16 | | | 2,517,333 | | $ | 1.17 | | | 199,860 | | $ | 1.06 | |
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Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions |
The following table presents the assumptions used to estimate the fair values based upon a Black-Scholes option pricing model of the stock options granted during the years ended June 30, 2016 and 2015. | | Years Ended June 30, | | | | 2016 | | | 2015 | | Expected dividend yield | | | 0 | % | | | 0 | % | Risk-free interest rate | | | 1.17% - 1.87 | % | | | 1.54% - 1.86 | % | Expected life (in years) | | | 5 - 6 | | | | 5 - 6 | | Expected volatility | | | 80% - 84 | % | | | 80% - 89 | % |
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Schedule of Share-based Compensation, by Exercise Price Range |
Additional information regarding stock options outstanding and exercisable as of June 30, 2016 is as follows: Option | | | | Remaining | | | | Exercise | | Options | | Contractual | | Options | | Price | | Outstanding | | Life (in years) | | Exercisable | | $ | 0.59 | | | 8,150 | | | 9.66 | | | - | | | 0.60 | | | 5,000 | | | 9.62 | | | - | | | 0.65 | | | 6,150 | | | 8.36 | | | 3,588 | | | 0.70 | | | 225,000 | | | 9.44 | | | 225,000 | | | 0.77 | | | 59,500 | | | 8.14 | | | 44,667 | | | 0.80 | | | 16,000 | | | 9.15 | | | 16,000 | | | 0.90 | | | 25,667 | | | 9.10 | | | 15,000 | | | 1.00 | | | 370,890 | | | 2.72 | | | 358,942 | | | 1.02 | | | 287,000 | | | 4.08 | | | 287,000 | | | 1.05 | | | 108,445 | | | 8.90 | | | 103,519 | | | 1.07 | | | 53,898 | | | 6.30 | | | 53,898 | | | 1.09 | | | 166,165 | | | 9.90 | | | 43,750 | | | 1.10 | | | 255,000 | | | 9.01 | | | 255,000 | | | 1.15 | | | 228,000 | | | 6.61 | | | 228,000 | | | 1.20 | | | 31,414 | | | 7.89 | | | 23,561 | | | 1.25 | | | 32,000 | | | 6.63 | | | 32,000 | | | 1.30 | | | 263,000 | | | 4.68 | | | 263,000 | | | 1.50 | | | 380,000 | | | 1.56 | | | 380,000 | | | 1.75 | | | 1,067 | | | 7.58 | | | 800 | | | 1.80 | | | 169,425 | | | 7.23 | | | 158,423 | | | 1.85 | | | 24,000 | | | 6.89 | | | 24,000 | | | 1.97 | | | 1,422 | | | 7.40 | | | 1,185 | | Total | | | 2,717,193 | | | | | | 2,517,333 | |
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Schedule of Other Share-based Compensation, Activity |
The following table summarizes warrant activity: | | | | Weighted | | | | | | Average | | | | Number of | | Exercise | | | | Warrants | | Price | | Outstanding, June 30, 2014 | | | 904,998 | | $ | 1.73 | | Granted | | | - | | | - | | Exercised | | | - | | | - | | Expired/Cancelled | | | (599,998) | | | 1.26 | | Outstanding, June 30, 2015 | | | 305,000 | | | 1.26 | | Granted | | | 1,785,000 | | | 1.25 | | Exercised | | | - | | | - | | Expired/Cancelled | | | (100,000) | | | 1.22 | | Outstanding, June 30, 2016 | | | 1,990,000 | | $ | 1.25 | | Exercisable, June 30, 2015 | | | 305,000 | | $ | 1.26 | | Exercisable, June 30, 2016 | | | 1,990,000 | | $ | 1.25 | |
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Schedule of Stockholders' Equity Note, Warrants or Rights |
Additional information regarding warrants outstanding and exercisable as of June 30, 2016 is as follows: | | | | Remaining | | | | Warrant | | Warrants | | Contractual | | Warrants | | Exercise Price | | Outstanding | | Life (in years) | | Exercisable | | $1.19 | | | 100,000 | | | 5.48 | | | 100,000 | | 1.25 | | | 1,885,000 | | | 4.95 | | | 1,885,000 | | 3.50 | | | 2,500 | | | - | | | 2,500 | | 4.00 | | | 2,500 | | | - | | | 2,500 | | Total | | | 1,990,000 | | | | | | 1,990,000 | |
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Schedule of Nonvested Restricted Stock Units Activity |
The following table summarizes restricted common stock activity: | | | | Weighted | | | | | | Average | | | | Number of | | Grant Date | | | | Shares | | Fair Value | | Non-vested, June 30, 2014 | | | 227,827 | | | 1.72 | | Granted | | | 647,353 | | | 0.86 | | Vested | | | (138,433) | | | 1.75 | | Forfeited | | | - | | | - | | Non-vested, June 30, 2015 | | | 736,747 | | | 0.96 | | Granted | | | 414,366 | | | 0.76 | | Vested | | | (444,471) | | | 0.99 | | Forfeited | | | - | | | - | | Non-vested, June 30, 2016 | | | 706,642 | | $ | 0.82 | |
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