Stock-Based Compensation Plans (Tables)

9 Months Ended

Mar. 31, 2019

Share-based Payment Arrangement [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 nine months ended
	March 31, 2019
	2019			2018
Risk-free interest rates		2.80	%		1.98	%
Expected option life in years		6.25			5.95
Expected stock price volatility		56.01	%		57.42	%
Expected dividend yield		0	%		0	%

Schedule of summary of option activity

A summary of option activity under the Company’s equity plans as of March 31, 2019, and changes during the nine months ended March 31, 2019 is presented below:

	Outstanding Shares			Average Exercise Price		Aggregate Intrinsic Value
Outstanding at June 30, 2018		1,330,193		$	8.47	$	5,369,557
Granted		255,000			16.64
Exercised		(240,210	)		7.97
Forfeited		(159,252	)		10.18
Expired		(15,000	)		2.66
Outstanding as of March 31, 2019		1,170,731		$	10.27	$	10,530,733
Vested and exercisable at March 31, 2019		642,355		$	8.28	$	7,034,104