Share-Based Compensation and Employee Benefit Plans (Tables)

6 Months Ended

Jan. 01, 2017

Schedule of stock options, valuation assumptions

The assumptions used to determine the value of the Company’s stock options granted to employees during the six month period ended January 1, 2017 were as follows:

Expected term	3.50		-	4.75	years
Expected volatility	78.8	%	-	85.0	%
Expected dividend yield	-	%
Risk-free interest rate	1.02	%	-	1.19	%

2015 Equity Incentive Plan

Summary of stock option activity

A summary of stock option activity under the 2015 Plan as of January 1, 2017 is as follows:

		Weighted		Weighted Average
		Average Exercise		Remaining Contractual
	Shares	Price		Term (in years)
Outstanding as of June 30, 2016	759,050	$	1.51
Granted	190,950	$	2.50
Forfeited	(7,125)	$	1.51
Outstanding as of January 1, 2017	942,875	$	1.71	6.16
Vested and exercisable as of January 1, 2017	292,513	$	2.11	6.41
Vested and expected to vest as of January 1, 2017	848,906	$	1.73	6.17