Share-Based Compensation

9 Months Ended

Mar. 31, 2019

As of March 31, 2019, we had share-based compensation plans which are described in Note 9, “Share-Based Compensation,” to the consolidated financial statements included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2018. We recognize stock compensation expense over the requisite service period of the individual grantees, which generally equals the vesting period. We recorded the following stock-based compensation expense

for the three months and nine months ended March 31, 2019 and 2018

	Three Months Ended March 31,				Nine Months Ended March 31,
	2019		2018		2019		2018

General and administrative	$	59	$	39	$	134	$	2,086

As of March 31, 2019, we had 15,000 stock options outstanding and 167,500 restricted shares outstanding. During the nine months ended March 31, 2019, the Company granted 137,500 shares of restricted stock to non-employee

directors

and employees. A summary of our restricted stock activity for the nine months ended March 31, 2019 is as follows:

Restricted Stock Awards	Shares			Weighted-Average Grant Date Fair Value

Non-vested at July 1, 2018		60,000		$	5.71
Granted		137,500			3.69
Vested		(17,500	)		5.75
Forfeited		(12,500	)		5.74
Non-vested at March 31, 2019		167,500		$	4.15

A summary of our stock option activity for the nine months ended March 31, 2019 is as follows:

Options	Shares		Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value

Outstanding as of July 1, 2018		15,000	$	5.42
Granted		-		-
Exercised		-		-
Forfeited or expired		-		-
Outstanding as of March 31, 2019		15,000	$	5.42		8.89	$	-
Vested at March 31, 2019		5,000	$	5.42		8.89	$	-
Exercisable at March 31, 2019		5,000	$	5.42		8.89	$	-