EQUITY TRANSACTIONS

9 Months Ended

Mar. 31, 2018

Stockholders' Equity Note [Abstract]

During the three and nine months ended March 31, 2018 and 2017, stock options to purchase shares of the Company’s common stock were exercised as follows:



	Three-Months Ended March 31,				Nine-Months Ended March 31,
	2018		2017		2018		2017
Options Exercised	—		19,300		—		95,050
Proceeds (in thousands)	$	—	$	84	$	—	$	342
Average exercise price per share	$	—	$	4.34	$	—	$	3.60

As of March 31, 2018, there was $0.4 million of stock compensation expense related to non-vested awards which is expected to be recognized over a weighted average period of 2.2 years.

During the nine months ended March 31, 2018, the Company issued 20,617 shares of common stock as a portion of consideration for a third-party lease agreement. The shares were issued at $4.00 per share based on the closing price on the date of grant. Non-cash expense recorded during the nine months ended March 31, 2018 was $25,000. The remaining cost will be amortized over the life of the lease and is included in Prepaid and Other Current Assets or Other Assets on the balance sheet.