Share-Based Payments (Tables)

9 Months Ended

Mar. 31, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Restricted Stock

The following table summarizes the Company's RSU activity for nine months ended March 31, 2016:

	Shares		Weighted Average Grant Date Fair Value
Nonvested at July 1, 2015	357,685		$	52.23
Granted	351,427		1.63
Vested	(330,489	)	54.10
Forfeited and canceled	(152,447	)	3.65
Nonvested at March 31, 2016	226,176		$	4.71

Schedule of Stock Options

The following table summarizes the Company's stock option activity for nine months ended March 31, 2016:

	Number of Options		Weighted average exercise price
Outstanding at July 1, 2015	1,181,630		$	11.18
Granted	235,333		0.46
Exercised	—		—
Forfeited and canceled	(359,330	)	6.01
Outstanding at March 31, 2016	1,057,633		$	10.63
Exercisable at March 31, 2016	959,561		$	11.20

Schedule of Weighted Average Assumptions

The fair value of the options granted during the nine months ended March 31, 2016 and March 31, 2015 were estimated based on the following weighted average assumptions:

	Nine Months Ended March 31, 2016			Nine Months Ended March 31, 2015
Expected volatility	80		%	80		%
Risk-free interest rate	1.94		%	2.04		%
Expected dividend yield	—			—
Expected life (in years)	6.50			6.50
Estimated fair value per option granted	$	0.33		$	2.55