Stockholders' Equity (Tables)

12 Months Ended

Jun. 30, 2022

Equity [Abstract]

Summary of the Number of Common Shares Available for Future Issuance

The following table summarizes the number of common shares available for future issuance under the plans discussed above as of June 30, 2022:

Shares of Common Stock Available for Future Issuance
Directors' Plan	26,166
2016 Long-Term Incentive Plan	1,268,819
2016 Employee Stock Purchase Plan	944,000
Total	2,238,985

Activity of Restricted Stock Awards and Restricted Stock Units

The activity of the Company’s restricted stock awards and units for the year ended June 30, 2022 was as follows:

Restricted Stock Awards and Restricted Stock Units	Restricted Stock (in thousands)			Weighted Average Grant Date Fair Value
Outstanding at June 30, 2021		904		$	3.76
Granted		1,673			1.83
Vested		(1,112	)		3.16
Forfeited		(153	)		3.87
Outstanding at June 30, 2022		1,312		$	1.79

Schedule of the Ranges of Assumptions Used to Value Options Granted

The ranges of assumptions used to value options granted were as follows:

	For the years ended June 30,
	2022		2021
Expected volatility	69.8% - 69.8%		63.8% - 66.5%
Expected dividends		-		-
Expected term (years)	3.25 - 3.25		3.25 - 3.25
Risk-free rate	60.30% - 60.30%		0.23% - 0.40%

Summary of Option Activity

The option activity for the year ended June 30, 2022 was as follows:

Options	Shares (in thousands)			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (years)		Aggregate Intrinsic Value (in thousands)
Outstanding at June 30, 2021		2,493		$	3.69		4.51	$	-
Options granted		18			2.87
Exercised		-			-
Forfeited, cancelled or expired		(377	)		3.67
Outstanding at June 30, 2022		2,134		$	3.68		3.34	$	-
Exercisable at June 30, 2022		1,972		$	3.65		3.23	$	-
Vested and expected to vest as of June 30, 2022		2,134		$	3.68		3.34	$	-