Stock-Based Compensation Plans (Tables)

6 Months Ended

Dec. 31, 2016

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

Schedule of weighted average fair value at date of grant for options

The fair value was estimated based on the weighted average assumptions of:

	For six months ended December 31,
	2016			2015
Risk-free interest rates		1.80	%		1.80	%
Expected option life in years		6.25			6.25
Expected stock price volatility		54.68	%		55.35	%
Expected dividend yield		0	%		0	%

Schedule of summary of option activity

A summary of option activity under the Company’s equity plans as of December 31, 2016, and changes during the six months ended December 31, 2016 is presented below:

	Outstanding Shares			Average Exercise Price		Aggregate Instrinsic Value
Vested and exercisable at June 30, 2016		1,790,224		$	6.38	$	1,675,072
Granted		327,500		$	8.34
Exercised		(22,500	)	$	6.26
Forfeited		(357,875	)	$	8.25
Expired		(2,700	)	$	3.45
Outstanding as of December 31, 2016		1,734,649		$	6.37	$	7,442,293
Vested and exercisable at December 31, 2016		977,274		$	4.48	$	5,936,832