Share-Based Payments (Tables)

12 Months Ended

Jun. 30, 2014

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

Schedule of Restricted Stock

The per share fair value of RSUs granted with service conditions was determined on the date of grant using the fair market value of the shares on that date and is recognized as an expense over the requisite service period. This information does not include RSUs granted as part of the acquisitions of Wetpaint and Choose Digital described in Note 4.

	Shares		Weighted Average Grant Date Fair Value
Nonvested at June 30, 2013	23,365		$	2,488.80
Granted	260,335		13.51
Vested	(7,835	)	2,375.61
Forfeited and canceled	(1,354	)	1,070.00
Nonvested at June 30, 2014	274,511		$	117.03

Schedule of Stock Options

The following table summarizes the Company's stock option activity for year ended June 30, 2014:

	Number of Options		Weighted average exercise price		Weighted average remaining contractual life (years)	Aggregate intrinsic value
Outstanding at June 30, 2013	217,872		$	135.20	9.09	$	1,155
Granted	981,040		5.22		—	65
Exercised	—		—		—	—
Forfeited and canceled	(42,499	)	102.92		—	—
Outstanding at June 30, 2014	1,156,413		26.18		9.44	—
Exercisable at June 30, 2014	111,912		$	134.11	7.15	$	—

Schedule weighted average assumptions

The fair value of options granted during the years ended June 30, 2014 and 2013 were estimated based on the following weighted average assumptions:

	Year Ended June 30, 2014			Year Ended June 30, 2013
Expected volatility	80		%	80		%
Risk-free interest rate	1.92		%	0.93		%
Expected dividend yield	—			—
Expected life (in years)	6.49			6.82
Estimated fair value per option granted	$	3.73		$	52.80