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Stockholders' Equity
 6 Months Ended
Dec. 31, 2014
Stockholders' Equity [Abstract]  
Stockholders' Equity
5.Stockholders’ Equity

Stock-Based Compensation
We recorded stock-based compensation of $392 and $676 for the three and six months ended December 31, 2014, and $115 and $284 for the three and six months ended December 31, 2013.

Upon the separation with our Chief Executive Officer in October 2014, in accordance with his employment agreement, all outstanding options and restricted stock awards which would have otherwise vested by July 31, 2015, immediately vested.  As a result, the Company recognized $158 of stock compensation expense in general and administrative as the vesting accelerated on 166,667 options and 70,000 restricted stock awards.
 
The following is a summary of option activity for our stock option plans:

  
Number of
Shares
  
Weighted- Average
Exercise
Price
  
Weighted- Average Remaining Contractual
Life
  
Aggregate Intrinsic
Value
 
         
Outstanding at June 30, 2014
  
1,253,035
  
$
2.08
     
             
Granted
  
1,369,250
  
$
1.26
     
Forfeited
  
(58,750
)
 
$
2.58
     
Expired
  
(169,500
)
 
$
3.43
     
             
Outstanding at December 31, 2014
  
2,394,035
  
$
1.50
   
4.9
  
$
27
 
                 
Vested and Expected to Vest at December 31, 2014
  
1,998,831
  
$
1.50
   
4.7
  
$
26
 
                 
Exercisable at December 31, 2014
  
731,254
  
$
1.67
   
2.3
  
$
21
 

The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying awards and the quoted price of the Company’s common stock.  There were no options exercised during the six months ended December 31, 2014 and 2013.

The fair value of the Company’s stock options granted for the six months ended December 31, 2014 was estimated using the following weighted-average assumptions:

Expected life (years)
  
4
 
Risk-free interest rate
  
1.37
%
Expected volatility
  
76
%
Dividend yield
  
0
%
 
Common Stock Restricted Awards
The following is a summary of restricted stock activity during the six months ended December 31, 2014:

  
 
 
Number of
Shares
  
Weighted Average
Grant Date
Fair Value
 
Balance at June 30, 2014
  
803,799
  
$
1.90
 
Granted
  
--
     
Vested
  
(184,999
)
 
$
2.04
 
Forfeited
  
(10,791
)
 
$
1.39
 
Outstanding at December 31, 2014
  
608,009
  
$
2.12
 

In connection with the vesting of the restricted stock awards, the election was made by some of the employees to satisfy the applicable federal income tax withholding obligation by a net share settlement, pursuant to which the Company withheld 67,081 shares and used the deemed proceeds from those shares to pay the income tax withholding.  The net share settlement is deemed to be a repurchase by the Company of its common stock.

Warrants
A summary of warrant activity for the six months ended December 31, 2014 follows:

  
Number of
Shares
  
Weighted-Average
Exercise Price
Per Share
  
Weighted-Average Remaining Contractual
Life
 
Beginning balance
  
5,113,420
  
$
2.21
   
4.1
 
Warrants granted
  
--
   
--
     
Warrants canceled
  
(61,020
)
 
$
2.15
     
Warrants exercised
  
--
   
--
     
Outstanding at December 31, 2014
  
5,052,400
  
$
2.21
   
3.6
 
Exercisable at December 31, 2014
  
5.052,400
  
$
2.21
   
3.6
 

At December 31, 2014, the total intrinsic value of warrants outstanding and exercisable was $0.