Share-Based Payments (Tables)

12 Months Ended

Jun. 30, 2015

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

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.



Description	Shares		Weighted Average Grant Date Fair Value
Nonvested at June 30, 2014	396,370		$	95.57
Granted	1,794,841		3.20
Vested	(1,512,496	)	17.10
Forfeited and canceled	(212,458	)	3.20
Nonvested at June 30, 2015	466,257		$	41.00

Schedule of Stock Options

The following table summarizes the Company's stock option activity for year ended June 30, 2015:



Description	Number of Options		Weighted average exercise price		Weighted average remaining contractual life (years)	Aggregate intrinsic value
Outstanding at June 30, 2014	989,066		$	30.09	9.44	$	—
Granted	610,335		2.97		—	—
Exercised	(35,000	)	2.33		—	27
Forfeited and canceled	(382,583	)	47.75		—	4
Outstanding at June 30, 2015	1,181,818		11.19		8.97	15
Exercisable at June 30, 2015	818,097		$	13.59	8.97	$	—

Schedule Weighted Average Assumptions

The fair value of options granted during the years ended June 30, 2015 and 2014 were estimated based on the following weighted average assumptions:



Description	Year Ended June 30, 2015			Year Ended June 30, 2014
Expected volatility	80		%	80		%
Risk-free interest rate	1.82		%	1.92		%
Expected dividend yield	—			—
Expected life (in years)	6.50			6.49
Estimated fair value per option granted	$	2.11		$	3.73