Share-Based Compensation

6 Months Ended

Dec. 31, 2018

As of December 31, 2018, we had share-based compensation plans which are described in Note 9, “Share-Based Compensation,” to the consolidated financial statements included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2018. We recognize stock compensation expense over the requisite service period of the individual grantees, which generally equals the vesting period. We recorded the following stock-based compensation expense:

	Three Months Ended December 31,				Six Months Ended December 31,
	2018		2017		2018		2017

General and administrative	$	15	$	1,898	$	75	$	2,047

As of December 31, 2018, we had 15,000 stock options outstanding and 40,000 restricted shares outstanding. During the three months ended December 31, 2018, the Company did not grant any equity compensation and there was no vesting or forfeiture of stock options. A summary of our restricted stock activity for the six months ended December 31, 2018 is as follows:

Restricted Stock Awards	Shares			Weighted-Average Grant Date Fair Value

Non-vested at July 1, 2018		60,000		$	5.71
Granted		-			-
Vested		(7,500	)		6.18
Forfeited		(12,500	)		5.74
Non-vested at December 31, 2018		40,000		$	5.61