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EMPLOYEE AND DIRECTOR EQUITY INCENTIVE PLANS (Tables)
12 Months Ended
Jun. 30, 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 years ended June 30, 2017 and June 30, 2016 using the Black-Scholes option-pricing model:
 
 
 
Year ended June 30,
 
 
 
2017
 
2016
 
Expected life of option (years)
 
 
4
 
 
4
 
Risk-free interest rate
 
 
1.14 - 1.7%
 
 
0.85 - 1.50%
 
Assumed volatility
 
 
107.7 - 113.55%
 
 
100.77 - 104.65%
 
Expected dividend rate
 
 
0.00%
 
 
0.00%
 
Expected forfeiture rate
 
 
6.23 - 9.18%
 
 
6.22 - 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
 
 
6.96
 
Options granted
 
 
2,654,100
 
 
0.59
 
 
 
 
Options exercised
 
 
(124,252)
 
 
0.56
 
 
 
 
Options forfeited
 
 
(391,910)
 
 
2.55
 
 
 
 
Balance at June 30, 2017
 
 
8,249,298
 
$
0.71
 
 
6.50
 
Disclosure Of Share Based Compensation Arrangements By Share Based Payment Award
The following table summarizes information relating to the stock options outstanding as of June 30, 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
 
 
7,389,398
 
 
6.74
 
$
0.52
 
 
2,344,967
 
 
6.29
 
$
0.50
 
$1.01 to $2.50
 
 
662,150
 
 
5.27
 
 
1.48
 
 
509,483
 
 
4.96
 
 
1.61
 
$2.51 to $5.00
 
 
82,200
 
 
1.96
 
 
3.98
 
 
82,200
 
 
1.96
 
 
3.98
 
$5.01 to $6.95
 
 
115,550
 
 
1.13
 
 
6.31
 
 
115,550
 
 
1.13
 
 
6.31
 
Balance at June 30, 2017
 
 
8,249,298
 
 
6.50
 
$
0.71
 
 
3,052,200
 
 
5.75
 
$
1.00
 
Schedule Of Unrecognized Compensation Cost Nonvested Awards
A summary of the status of unvested employee stock options as of June 30, 2017 and June 30, 2016 and changes during the years 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
 
 
7.42
 
Options granted
 
 
2,654,100
 
 
0.59
 
 
 
 
Options vested
 
 
(2,110,085)
 
 
0.57
 
 
 
 
Options forfeited
 
 
(199,284)
 
 
0.80
 
 
 
 
Balance at June 30, 2017
 
 
5,197,098
 
$
0.54
 
 
6.93
 
Schedule Of Share Based Compensation Restricted Stock Units Award Activity
The table below summarizes the activity of the RSUs for the years ended June 30, 2017 and 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
 
 
1,671,816
 
 
1.15
 
Shares issued
 
 
(144,728)
 
 
0.75
 
Balance at June 30, 2017
 
 
5,556,332
 
$
1.07