Stock-Based Compensation Plans (Tables)

9 Months Ended

Mar. 31, 2018

Equity [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 nine months ended March 31,
	2018			2017
Risk-free interest rates		1.98	%		1.80	%
Expected option life in years		5.95			6.25
Expected stock price volatility		57.42	%		54.68	%
Expected dividend yield		0	%		0	%

Schedule of summary of option activity

A summary of option activity under the Company’s equity plans as of March 31, 2018, and changes during the nine months ended March 31, 2018 is presented below:

	Outstanding Shares			Average Exercise Price		Aggregate Intrinsic Value
Outstanding at June 30, 2017		1,191,236		$	7.66	$	2,748,956
Granted		305,500		$	10.10
Exercised		(45,300	)	$	5.04
Forfeited		(13,000	)	$	7.67
Expired		(75,000	)	$	4.87
Outstanding as of March 31, 2018		1,363,436		$	8.45	$	2,738,327
Vested and exercisable at March 31, 2018		692,434		$	7.50	$	2,083,907