EQUITY TRANSACTIONS

6 Months Ended

Dec. 31, 2017

Stockholders' Equity Note [Abstract]

EQUITY TRANSACTIONS

EQUITY TRANSACTIONS

During the three and six months ended December 31, 2017 and 2016, stock options to purchase shares of the Company’s common stock were exercised as follows:

	Three-Months Ended December 31,				Six-Months Ended December 31,
	2017		2016		2017		2016
Options Exercised	—		29,527		—		75,750
Proceeds (in thousands)	$	—	$	118	$	—	$	259
Average exercise price per share	$	—	$	3.98	$	—	$	3.41

As of December 31, 2017, there was $0.5 million of stock option and restricted stock compensation expense related to non-vested awards which is expected to be recognized over a weighted average period of 2.3 years.

During the three months ended December 31, 2017, the Company issued 20,617 shares of common stock as a portion of consideration for a third-party lease agreement. The shares were issued at $4.00 per share based on the closing price on the date of grant. Non-cash expense recorded during the three months ended December 31, 2017 was $12,000. The remaining cost will be amortized over the life of the lease and is included in Prepaid and Other Current Assets or Other Assets on the balance sheet.