Share-Based Compensation (Tables)

12 Months Ended

Jun. 30, 2018

A summary of stock option activity under the 2015 Plan and 2016 Plan as of June 30, 2018 is as follows:


		Weighted		Weighted Average
		Average Exercise		Remaining Contractual
	Shares	Price		Term (in years)
Outstanding as of June 30, 2017	1,187,580	$	2.68	7.07
Granted	665,903	$	2.35
Exercised	(91,793)	$	1.51
Forfeited	(291,747)	$	2.74
Outstanding as of June 30, 2018	1,469,943	$	2.59	6.50
Vested and exercisable as of June 30, 2018	542,580	$	2.05	5.43
Vested and expected to vest as of June 30, 2018	1,455,238	$	2.59	6.50

Schedule of valuation assumptions for stock options

The assumptions used to determine the value of the Company’s stock options granted to employees during the years ended June 30, 2018 and 2017 were as follows:


	2018			2017
Expected term		3.57	years	3.0		-	4.75	years
Expected volatility		68.8	%	78.8	%	-	85.0	%
Expected dividend yield		-	%	-	%
Risk-free interest rate		2.72	%	1.02	%	-	2.41	%

Schedule of valuation assumptions for ESPP

The assumptions used to value the shares under the ESPP using the Black-Scholes method were as follows:


Expected term	6 months
Expected volatility	62.50 - 77.69	%
Expected dividend yield	-	%
Risk-free interest rate	0.40 - 1.66	%