Equity Plans (Tables)

3 Months Ended

Sep. 30, 2020

Equity Plans

Summary of valuation assumptions used to calculate fair value of stock options

Since inception, the range of the fair value of the stock options granted (other than to non-employee consultants) and the assumptions used are as follows:

Fair value of stock options	$0.81 - $6.35
Assumptions used:
Risk-free interest rate	1.19% - 4.8	%
Expected life (in years)	7.5
Expected volatility	26.5% - 84.6	%
Expected dividends	—

Schedule of stock option activity and related information

At September 30, 2020, there were no significant outstanding stock options held by non-employee consultants that were not fully vested. A summary of the Company’s stock option activity and related information for FY 2021 follows:

				Weighted-
				Average
	Number of	Weighted-		Remaining
	Options	Average		Contractual
	(Shares)	Exercise Price		Term (Years)
Outstanding at June 30, 2020	1,599,541	$	4.54
Granted	—		—
Exercised	(132,100)		1.08
Forfeited or expired	—		—
Outstanding at September 30, 2020	1,467,441	$	4.85	4.3
Vested and expected to vest at September 30, 2020	1,467,441	$	4.85	4.3
Exercisable at September 30, 2020	1,387,945	$	4.39	4.1

Schedule of restricted stock and RSU activity

A summary of the Company’s restricted stock and RSU activity follows:

	Restricted Stock			RSU
		Weighted-Average			Weighted-Average
		Grant Date Fair			Grant Date Fair
	Shares	Value		Shares	Value
Nonvested at June 30, 2020	408,099	$	8.00	108,928	$	8.18
Granted	—		—	—		—
Vested	—		—	(74,359)		7.45
Forfeited	—		—	—		—
Nonvested at September 30, 2020	408,099	$	8.00	34,569	$	9.74