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Stock-Based Compensation (Tables)
12 Months Ended
Jun. 30, 2018
Summary of Activity of Restricted Stock Awards, Restricted Stock Units and Stock Options

A summary of the activity for stock options is presented below:

 

 

 

Number of

Shares

 

 

Weighted Avg

Exercise Price

Fair Value

per Share

 

 

Weighted Avg

Contractual

Term in

Years

 

 

Aggregate

Intrinsic

Value

(in thousands)

 

Outstanding at July 1, 2016

 

 

465,000

 

 

$

2.95

 

 

 

9.04

 

 

$

—

 

Granted

 

 

100,000

 

 

 

1.78

 

 

 

—

 

 

 

—

 

Forfeited, cancelled or expired

 

 

(350,000

)

 

 

—

 

 

 

—

 

 

 

—

 

Outstanding at June 30, 2017

 

 

215,000

 

 

$

1.67

 

 

 

9.04

 

 

$

—

 

Options Vested

 

 

50,000

 

 

$

1.61

 

 

 

8.90

 

 

 

—

 

Options Non-Vested

 

 

165,000

 

 

$

1.69

 

 

 

9.07

 

 

$

—

 

Options Exercisable

 

 

50,000

 

 

$

1.61

 

 

 

8.90

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Granted

 

 

50,000

 

 

 

1.35

 

 

 

—

 

 

 

—

 

Forfeited, cancelled or expired

 

 

(155,000

)

 

 

(1.27

)

 

 

—

 

 

 

—

 

Outstanding at June 30, 2018

 

 

110,000

 

 

$

1.09

 

 

 

8.18

 

 

$

(109

)

Options Vested

 

 

55,000

 

 

$

1.09

 

 

 

8.33

 

 

 

(78.8

)

Options Non-Vested

 

 

55,000

 

 

$

1.09

 

 

 

7.72

 

 

$

(30

)

Options Exercisable

 

 

55,000

 

 

$

1.09

 

 

 

8.33

 

 

 

(78.8

)

 

Summary of Weighted Average Assumptions

The weighted average estimated fair value per share of the stock options at grant date was $1.35 per share. Such fair values were estimated using the Black-Scholes stock option pricing model and the following weighted average assumptions.

 

 

 

2018

 

 

2017

 

Expected life

 

5.4 years

 

 

6.3 years

 

Estimated volatility

 

 

79.97

%

 

 

83.05

%

Risk-free interest rate

 

 

0.02

%

 

 

0.01

%

Dividends

 

 

—

 

 

 

—

 

 

Summary of Stock-based Compensation

The following table summarizes stock-based compensation included in the consolidated statements of operations for the fiscal years ended June 30, 2018 and 2017, respectively:

 

 

 

Fiscal Year Ended

June 30,

 

 

 

(in thousands)

 

 

 

2018

 

 

2017

 

Sales and marketing

 

$

21

 

 

$

33

 

General and administrative

 

 

354

 

 

 

96

 

Total stock-based compensation

 

$

375

 

 

$

129

 

 

Restricted Stock [Member]  
Summary of Activity of Restricted Stock Awards, Restricted Stock Units and Stock Options

A summary of the activity for restricted stock units is presented below:

 

 

 

Number

of Shares

 

 

Weighted Avg

Grant Date

Fair Value

per Share

 

 

Weighted Avg

Contractual

Term in

Years

 

Outstanding at July 1, 2016

 

 

88,930

 

 

$

3.30

 

 

 

2.22

 

Granted

 

 

33,334

 

 

 

2.25

 

 

 

—

 

Vested

 

 

(45,180

)

 

 

1.66

 

 

 

—

 

Forfeited, cancelled or expired

 

 

(43,750

)

 

 

5.00

 

 

 

—

 

Outstanding at June 30, 2017

 

 

33,334

 

 

$

2.25

 

 

 

0.50

 

Granted

 

 

172,184

 

 

 

1.86

 

 

 

—

 

Vested

 

 

(93,334

)

 

 

(1.98

)

 

 

—

 

Forfeited, cancelled or expired

 

 

(16,990

)

 

 

—

 

 

 

—

 

Outstanding at June 30, 2018

 

 

95,194

 

 

$

1.86

 

 

 

0.52

 

Expected to vest at June 30, 2018

 

 

95,194

 

 

$

—

 

 

 

—

 

 

Restricted Stock [Member] | Discontinued Operations [Member]  
Summary of Activity of Restricted Stock Awards, Restricted Stock Units and Stock Options

A summary of the activity for restricted stock awards is presented below:

 

 

 

Number

of Shares

 

 

Weighted Avg

Grant Date

Fair Value

per Share

 

 

Weighted Avg

Contractual

Term in Years

 

Outstanding at July 1, 2016

 

 

5,263

 

 

$

3.80

 

 

 

1.46

 

Exercised

 

 

(2,632

)

 

 

—

 

 

 

—

 

Outstanding at June 30, 2017

 

 

2,631

 

 

$

3.80

 

 

 

0.49

 

Exercised

 

 

(2,631

)

 

 

(3.8

)

 

 

(0.49

)

Outstanding at June 30, 2018

 

 

—

 

 

 

—

 

 

 

—

 

Expected to vest at June 30, 2018

 

 

—

 

 

$

—

 

 

 

—