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EQUITY TRANSACTIONS
3 Months Ended
Sep. 30, 2017
Stockholders' Equity Note [Abstract]  
EQUITY TRANSACTIONS
EQUITY TRANSACTIONS

During the three months ended September 30, 2017 and 2016, stock options to purchase shares of the Company’s common stock were exercised as follows:

 
 
Three-Months Ended
September 30,
 
 
2017
 
2016
Options Exercised
 

 
46,223

Proceeds (in thousands)
 
$

 
$
141

Average exercise price per share
 
$

 
$
3.05


As of September 30, 2017, there was $0.3 million of stock option and restricted stock compensation expense related to non-vested awards which is expected to be recognized over a weighted average period of 2.62 years.