Share-Based Compensation (Tables)

9 Months Ended

Mar. 27, 2016

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

A summary of stock option activity under the 2015 Plan as of March 27, 2016 is as follows:


		Weighted		Weighted Average
		Average Exercise		Remaining Contractual
	Shares	Price		Term (in years)
Outstanding as of June 30, 2015	-		-	-
Granted	766,175	$	1.51	6.80
Outstanding as of March 27, 2016	766,175	$	1.51	6.80
Vested and exercisable as of March 27, 2016	114,950	$	1.51	6.80
Vested and expected to vest as of March 27, 2016	629,513

Schedule of stock options, valuation assumptions

The assumptions used to determine the value of the Company’s stock options granted to employees during the three month period ended March 27, 2016 were as follows:


Expected term	4.50		-	4.75	years
Expected volatility	84.0	%	-	85.1	%
Expected dividend yield	-	%
Risk-free interest rate	1.37	%	-	1.41	%