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Stock-Based Compensation (Tables)
6 Months Ended
Dec. 31, 2020
Stock-Based Compensation [Abstract]  
Summarized Stock Option Activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of shares

 

 

Weighted average exercise price

($)

 

 

Weighted average remaining contractual term

(in years)

 

 

Aggregate intrinsic value

($'000)

 

Weighted average grant date fair value

($)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding - June 30, 2020

 

1,331,651

 

 

5.83

 

 

7.56

 

 

-

 

2.01

 

 

Granted - August 2020

 

150,000

 

 

3.50

 

 

3.00

 

 

166

 

1.11

 

 

Granted - November 2020

 

560,000

 

 

3.01

 

 

10.00

 

 

691

 

1.23

 

 

Exercised

 

(5,834)

 

 

3.07

 

 

-

 

 

21

 

-

 

 

Forfeited

 

(456,033)

 

 

7.03

 

 

-

 

 

-

 

2.26

 

 

 

Outstanding - December 31, 2020

 

1,579,784

 

 

4.28

 

 

8.04

 

 

2,104

 

1.59

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding - June 30, 2019

 

864,579

 

 

7.81

 

 

7.05

 

 

-

 

2.62

 

 

Granted – October 2019

 

561,000

 

 

3.07

 

 

10.00

 

 

676

 

1.20

 

 

 

Outstanding - December 31, 2019

 

1,425,579

 

 

5.94

 

 

7.81

 

 

365

 

2.07

 

 

 

 

 

 

 

Number of

shares

 

 

Weighted average exercise price

($)

 

 

Weighted average remaining contractual term

(in years)

 

 

Aggregate intrinsic value

($’000)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Vested and expecting to vest - December 31, 2020

 

 

1,579,784

 

 

4.28

 

 

8.04

 

 

2,104

 

 

 

 

 

 

 

 

Number of

shares

 

 

Weighted average exercise price

($)

 

 

Weighted average remaining contractual term

(in years)

 

 

Aggregate intrinsic value

($’000)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable - December 31, 2020

 

 

472,299

 

 

6.37

 

 

7.17

 

 

274

 

Range Of Assumptions Used To Value Options Granted

 

 

 

 

 

Six months ended

 

 

 

 

 

 

December 31,

 

 

 

 

 

 

 

2020

 

 

 

2019

 

 

Expected volatility

 

62

%

 

 

57

%

 

Expected dividends

 

0

%

 

 

0

%

 

Expected life (in years)

 

3

 

 

 

3

 

 

Risk-free rate

 

0.19

%

 

 

1.57

%

Restricted Stock Activity

 

 

 

 

 

 

 

Number of shares of restricted stock

 

 

 

Weighted average grant date fair value

($’000)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-vested – June 30, 2020

 

 

1,115,500

 

 

 

5,354

 

 

 

 

Total vested

 

 

(311,300)

 

 

 

(1,037)

 

 

 

 

 

Vested – August 2020

 

 

(244,500)

 

 

 

(812)

 

 

 

 

 

Vested – September 2020 - accelerated vesting

 

 

(66,800)

 

 

 

(225)

 

 

 

Forfeitures

 

 

(510,200)

 

 

 

(1,766)

 

 

 

 

 

Non-vested – December 31, 2020

 

 

294,000

 

 

 

994

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-vested – June 30, 2019

 

 

583,908

 

 

 

3,410

 

 

 

 

 

 

Non-vested – December 31, 2019

 

 

583,908

 

 

 

3,410

 

 

Recorded Net Stock Compensation Charge

 

 

 

 

 

 

Total charge

 

Allocated to cost of goods sold, IT processing, servicing and support

 

Allocated to selling, general and administration

 

 

Three months ended December 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock-based compensation charge

 

$

246

 

$

-

 

$

246

 

 

 

 

Reversal of stock compensation charge related to stock options and restricted stock forfeited

 

 

(14)

 

 

-

 

 

(14)

 

 

 

 

 

Total - three months ended December 31, 2020

 

$

232

 

$

-

 

$

232

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended December 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock-based compensation charge

 

$

436

 

$

-

 

$

436

 

 

 

 

 

Total - three months ended December 31, 2019

 

$

436

 

$

-

 

$

436

 

 

 

 

 

 

 

Total charge

 

Allocated to cost of goods sold, IT processing, servicing and support

 

Allocated to selling, general and administration

 

 

Six months ended December 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock-based compensation charge

 

$

928

 

$

-

 

$

928

 

 

 

 

Reversal of stock compensation charge related to stock options and restricted stock forfeited

 

$

(297)

 

$

-

 

$

(297)

 

 

 

 

 

Total - six months ended December 31, 2020

 

$

631

 

$

-

 

$

631

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six months ended December 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock-based compensation charge

 

$

823

 

$

-

 

$

823

 

 

 

 

 

Total - six months ended December 31, 2019

 

$

823

 

$

-

 

$

823