7.	Share-Based Compensation

As of December 31, 2017, we had share-based compensation plans which are described in Note 10 of the consolidated financial statements included in our Annual Report on Form 10-K for the year ended June 30, 2017. We recognize stock compensation expense over the requisite service period of the individual grantees, which generally equals the vesting period. As of December 31, 2017, we had no stock options outstanding and 22,500 restricted shares outstanding. During the six months ended December 31, 2017, no stock options were granted or exercised; however, 30,881 stock options were cancelled. We recorded share-based compensation related to the issuance of restricted stock to employees and board members as follows:

	Three Months Ended December 31,				Six Months Ended December 31,
	2017		2016		2017		2016

Share-based compensation expense included in the consolidated statement of operations:
General and administrative		1,898		177		2,047		348
Total	$	1,898	$	177	$	2,047	$	348

A summary of the activity of our time-based, service condition restricted shares during the six months ended December 31, 2017, is presented below:

Restricted Stock Awards	Shares		Weighted- Average Grant Date Fair Value

Non-vested at July 1, 2017		440,613	$	5.45
Granted		80,400		5.85
Vested		(476,013)		5.46
Forfeited		(22,500)		5.98
Non-vested at December 31, 2017		22,500	$	6.18

A summary of the activity of our performance-based, service condition restricted shares during the six months ended December 31, 2017, is presented below:

Performance Stock Awards	Shares		Weighted- Average Grant Date Fair Value

Non-vested at July 1, 2017		50,000	$	5.49
Vested		(50,000)		5.49
Non-vested at December 31, 2017		-	$	-

In conjunction with the sale of our Content Delivery business on December 31, 2017 (see Note 4 – Discontinued Operations), substantially all of the previously non-vested restricted stock awards (including 50,000 performance-based restricted stock awards) were accelerated to vest as a result of a change of control as determined by our Board of Directors resulting in share-based compensation expense of $1,745 for the three months ending December 31, 2017. In January 2018, we allowed for the net settlement of certain of these awards for the payment of payroll taxes due to certain employees. Such net settlement resulted in the Company acquiring 41,565 shares of its common stock for $239 held as treasury stock.

Additionally, one of our independent directors resigned from the Board of Directors, effective on December 31, 2017 (see Note 12 – Commitments and Contingencies – Resignation of Directors) and we accelerated the vesting of 7,500 shares of previously non-vested restricted stock held by that director. This acceleration of vesting resulted in incremental stock compensation expense of $43 during the three months ended December 31, 2017. As of December 31, 2017, 22,500 restricted stock awards granted to our three remaining independent directors in November 2017 remain outstanding and subject to their original time-based vesting schedule.

In conjunction with the resignation of three of our independent directors in July 2017 (see Note 12 – Commitments and Contingencies – Resignation of Directors), we accelerated the vesting of 5,400 shares of restricted stock held by each of the resigning directors. This acceleration of vesting resulted in incremental stock compensation expense of $37 during the six months ended December 31, 2017.

All remaining share-based compensation expense for the three and six month periods ended December 31, 2017 and 2016 resulted from vesting of shares over their respective vesting periods.