Stock-Based Compensation Plans (Tables)

3 Months Ended

Sep. 30, 2017

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

Schedule of weighted average fair value at date of grant for options

The fair value was estimated based on the weighted average assumptions of:

	For three months ended September 30,
	2017			2016
Risk-free interest rates		1.86	%		—
Expected option life in years		5.72			—
Expected stock price volatility		59.52	%		—
Expected dividend yield		0	%		—

Schedule of summary of option activity

A summary of option activity under the Company’s equity plans as of September 30, 2017, and changes during the three months ended September 30, 2017 is presented below: 

	Outstanding Shares			Average Exercise Price		Aggregate Intrinsic Value
Outstanding as of June 30, 2017		1,191,236		$	7.66	$	2,748,956
Granted		172,500		$	9.99
Exercised		(8,500	)	$	6.61
Forfeited		(7,500	)	$	7.29
Expired		—		$	—
Outstanding as of September 30, 2017		1,347,736		$	7.97	$	3,358,085
Vested and exercisable at September 30, 2017		612,984		$	6.54	$	2,427,225