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Compensatory Equity Incentive Plan and Other Equity Incentives (Tables)
12 Months Ended
Jun. 30, 2022
Compensatory Equity Incentive Plan and Other Equity Incentives  
Schedule of share based compensation award plans

Equity Compensation Arrangement

 

Award Shares Authorized

 

 

Outstanding

at June 30,

2022

 

 

Available for

Issuance at

June 30,

2022

 

SICP (or Omnibus Plan)

 

 

5,115,625

 

 

 

2,614,131

 

 

 

365,324

 

2014 ESPP

 

 

400,000

 

 

 

 

 

 

277,443

 

 

 

 

5,515,625

 

 

 

2,614,131

 

 

 

642,767

 

Schedule of stock options fair value assumptions

 

 

Year Ended June 30,

 

 

 

2022

 

 

2021

 

Weighted-average expected volatility

 

 

80.8%

 

 

72.0%

Dividend yields

 

 

0%

 

 

0%

Weighted-average risk-free interest rate

 

 

2.09%

 

 

0.74%

Weighted-average expected term, in years

 

 

3.75

 

 

 

7.49

 

Schedule of share-based payment awards activity

 

 

 Stock Options

 

 

 Restricted Stock Units (RSUs)

 

 

 

 

 

 

Weighted-

 

 

Weighted-

 

 

 

 

 

Weighted-

 

 

 

 

 

 

Average

 

 

Average

 

 

 

 

 

Average

 

 

 

 

 

 

Exercise

 

 

Remaining

 

 

 

 

 

Remaining

 

 

 

 Shares

 

 

 Price

 

 

 Contract

 

 

 Shares

 

 

 Contract

 

June 30, 2020

 

 

942,575

 

 

$1.65

 

 

 

6.5

 

 

 

2,328,303

 

 

 

0.9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Granted

 

 

121,933

 

 

$2.97

 

 

 

9.7

 

 

 

296,386

 

 

 

2.3

 

Exercised

 

 

(225,137)

 

$1.50

 

 

 

 

 

 

 

(862,804)

 

 

 

 

Cancelled/Forfeited

 

 

(406,444)

 

$1.75

 

 

 

 

 

 

 

-

 

 

 

 

 

June 30, 2021

 

 

432,927

 

 

$2.01

 

 

 

8.8

 

 

 

1,761,885

 

 

 

0.9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Granted

 

 

125,000

 

 

$2.02

 

 

 

 

 

 

 

368,461

 

 

 

1.2

 

Exercised

 

 

-

 

 

$-

 

 

 

 

 

 

 

(45,143)

 

 

 

 

Cancelled/Forfeited

 

 

(23,465)

 

$1.67

 

 

 

 

 

 

 

(5,534)

 

 

 

 

June 30, 2022

 

 

534,462

 

 

$2.03

 

 

 

7.0

 

 

 

2,079,669

 

 

 

0.9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Awards exercisable/

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

vested as of

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2022

 

 

215,141

 

 

$1.87

 

 

 

7.1

 

 

 

1,334,978

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Awards unexercisable/

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

unvested as of

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2022

 

 

319,321

 

 

$2.14

 

 

 

7.1

 

 

 

744,691

 

 

 

0.9

 

 

 

 

534,462

 

 

 

 

 

 

 

 

 

 

 

2,079,669

 

 

 

 

 

Schedule of share-based compensation future cost to be recognized

Fiscal Year Ending:

 

Stock Options

 

 

RSUs

 

 

Total

 

June 30, 2023

 

$205,978

 

 

$531,850

 

 

$737,828

 

June 30, 2024

 

 

94,196

 

 

 

190,864

 

 

 

285,060

 

June 30, 2025

 

 

33,885

 

 

 

54,308

 

 

 

88,193

 

 

 

$334,059

 

 

$777,022

 

 

$1,111,081

 

Summary of the number and weighted average grant date fair values regarding our unexercisable/unvested awards

Unexercisable/Unvested Awards

 

Stock Options

Shares 

 

 

RSU

Shares 

 

 

Total

Shares 

 

 

Weighted-Average

Grant Date Fair Values

(per share)

 

June 30, 2020

 

 

266,282

 

 

 

669,526

 

 

 

935,808

 

 

$1.10

 

Granted

 

 

121,933

 

 

 

296,386

 

 

 

418,319

 

 

$2.48

 

Vested

 

 

(64,636)

 

 

(367,325)

 

 

(431,961)

 

$1.39

 

Cancelled/Forfeited

 

 

(1,595)

 

 

-

 

 

 

(1,595)

 

$2.85

 

June 30, 2021

 

 

321,984

 

 

 

598,587

 

 

 

920,571

 

 

$1.59

 

Granted

 

 

125,000

 

 

 

368,461

 

 

 

493,461

 

 

$1.74

 

Vested

 

 

(118,696)

 

 

(216,823)

 

 

(335,519)

 

$1.42

 

Cancelled/Forfeited

 

 

(8,967)

 

 

(5,534)

 

 

(14,501)

 

$1.97

 

June 30, 2022

 

 

319,321

 

 

 

744,691

 

 

 

1,064,012

 

 

$1.71

 

Schedule of total stock-based compensation expense included in the consolidated statements of comprehensive income

 

 

Year Ended June 30,

 

 

 

2022

 

 

2021

 

 

 

 

 

 

 

 

Stock options

 

$144,682

 

 

$76,616

 

RSUs

 

 

680,568

 

 

 

566,249

 

Total

 

$825,250

 

 

$642,865