Share-Based Payments (Tables)

3 Months Ended

Sep. 30, 2014

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

Schedule of Restricted Stock

	Shares		Weighted Average Grant Date Fair Value
Nonvested at July 1, 2013	396,370		$	95.57
Granted	1,442,860		3.70
Vested	(7,887	)	2,366.27
Forfeited and canceled	—		—
Nonvested at September 30, 2013	1,831,343		$	13.41

Schedule of Stock Options

The following table summarizes the Company's stock option activity for three months ended September 30, 2014:

	Number of Options		Weighted average exercise price
Outstanding at June 30, 2014	989,066		$	30.09
Granted	200,000		4.46
Exercised	—		—
Forfeited and canceled	(12,508	)	83.01
Outstanding at September 30, 2014	1,176,558		25.17
Exercisable at September 30, 2014	334,959		$	60.80

Schedule weighted average assumptions

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

	Three Months Ended September 30,
	2014			2013
Expected volatility	80		%	80		%
Risk-free interest rate	2.10		%	1.77		%
Expected dividend yield	—			—
Expected life (in years)	6.50			6.20
Estimated fair value per option granted	$	3.18		$	36.00