EMPLOYEE AND DIRECTOR EQUITY INCENTIVE PLANS (Tables)

9 Months Ended

Mar. 31, 2017

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

Schedule Of Share Based Payment Award Stock Options Valuation Assumptions

The following assumptions were used to estimate the fair value of options granted during the nine months ended March 31, 2017 and March 31, 2016 using the Black-Scholes option-pricing model:

	Nine months ended March 31,
	2017		2016
Expected life of option (years)		4		4
Risk-free interest rate		0.85 - 1.7%		1.12 - 1.50%
Assumed volatility		101.06 - 110.31%		100.77 - 101.70%
Expected dividend rate		0.00%		0.00%
Expected forfeiture rate		7.20 - 9.18%		6.23 - 12.63%

Schedule Of Share Based Compensation Stock Options Activity

Information with respect to stock option activity is as follows:

	Number of Options		Weighted Average Exercise Price		Average Remaining Contractual Life (in years)
Balance at June 30, 2015		1,577,778	$	2.60
Options granted		4,782,100		0.49
Options forfeited		(248,518)		4.16
Balance at June 30, 2016		6,111,360		0.88		5.18
Options granted		1,297,000		0.58
Options exercised		(120,000)		0.57
Options forfeited		(247,110)		1.18
Balance at March 31, 2017		7,041,250	$	0.82		6.41

Disclosure Of Share Based Compensation Arrangements By Share Based Payment Award

The following table summarizes information relating to the stock options outstanding as of March 31, 2017:

	Outstanding						Exercisable
Range of Exercise Prices	Number of Options		Average Remaining Contractual Life (in years)		Weighted Average Exercise Price		Number of Options		Average Remaining Contractual Life (in years)		Weighted Average Exercise Price
$0.28 to $1.00		6,065,217		6.76	$	0.50		1,150,553		6.16	$	0.58
$1.01 to $2.50		677,983		5.44		1.50		359,565		4.86		1.67
$2.51 to $5.00		86,200		2.23		3.96		86,200		2.23		3.96
$5.01 to $6.95		211,850		1.08		6.48		211,850		1.08		6.48
Balance at March 31, 2017		7,041,250		6.41	$	0.82		1,808,168		5.12	$	1.65

Schedule Of Unrecognized Compensation Cost Nonvested Awards

A summary of the status of unvested employee stock options as of March 31, 2017 and June 30, 2016, and changes during the nine months and year then ended is presented below:

	Number of Options		Weighted Average Grant Date Fair Value Per Share		Average Remaining Contractual Life (in years)
Balance at June 30, 2015		776,525	$	1.19
Options granted		4,782,100		0.49
Options vested		(596,993)		0.89
Options forfeited		(109,265)		0.88
Balance at June 30, 2016		4,852,367		0.54		7.40
Options granted		1,297,000		0.58
Options vested		(727,001)		0.59
Options forfeited		(189,284)		0.81
Balance at March 31, 2017		5,233,082	$	0.54		6.85

Schedule Of Share Based Compensation Restricted Stock Units Award Activity

The table below summarizes the activity of the RSUs for the nine months ended March 31, 2017 and the year ended June 30, 2016:

	Number of Restricted Stock Units		Weighted Average Valuation Price Per Unit
Balance at June 30, 2015		1,936,035	$	1.53
RSUs granted		2,364,000		0.50
Shares issued		(270,791)		0.63
Balance at June 30, 2016		4,029,244		1.03
RSUs granted		1,671,815		1.15
Shares issued		(108,363)		0.66
Balance at March 31, 2017		5,592,696	$	1.07