Quarterly report pursuant to Section 13 or 15(d)

Incentive and Non-Statutory Stock Option Plan (Tables)

v2.4.1.9
Incentive and Non-Statutory Stock Option Plan (Tables)
9 Months Ended
Mar. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Components of Common Stock Purchase Options and Warrants

Common stock purchase options and warrants consisted of the following:

 

OPTIONS:

 

    # of shares     Weighted Ave
Exericse Price
    Weighted Average
Remaining Contractual Life (in years)
    Aggregated
Intrinsic Value
 
                         
Outstanding  June 30, 2014     757,462     $ 6.65       2.2          
Granted     -       -                  
Exercised     (30,000 )   $ 3.88                  
Expired / Cancelled     -       -                  
Outstanding,  March 31, 2015     727,462     $ 6.76       1.47     $ -  
Exercisable, March 31, 2015     602,462     $ 7.36       1.51     $ -  
                                 
WARRANTS:                                
Outstanding and exercisable, June 30, 2014     163,124     $ 7.29       2.2          
Granted / adjusted     -       -                  
Exercised     -       -                  
Expired     -       -                  
Outstanding and exercisable, March 31, 2015     163,124     $ 7.29       1.46     $ -  

Schedule of Stock Options and Warrants Outstanding and Exercisable Activity

The following table summarizes information about stock options and warrants outstanding and exercisable at March 31, 2015.

 

Exercise Price     Number Outstanding     Weighted Average Remaining Contractual Life     Weighted Ave Exercise Price     Number Exercisable     Weighted Average Remaining Contractual Life     Weighted Ave Exercise Price  
OPTIONS:                                                  
                                                   
$0.10 - $9.90       653,462       1.51     $ 4.81       528,462       1.58     $ 5.04  
$10.00 - $19.90       14,000       0.87     $ 18.18       14,000       0.87     $ 18.18  
$20.00 - $29.90       60,000       1.08     $ 25.33       60,000       1.08     $ 25.33  
Totals       727,462       1.47     $ 6.76       602,462       1.51     $ 7.36  
                                                   
WARRANTS:                                                  
$5.00 - $7.50       163,124       1.46     $ 7.29       163,124       1.46     $ 7.29  
Totals       163,124       1.46       7.29       163,124       1.46     $ 7.29  

Summary of Unvested Stock Grants Awarded as Compensation

The following table summarizes stock grants awarded as compensation:

 

      # of shares     Weighted
Average Grant
Date Fair Value ($)
 
               
Unvested, June 30, 2013       -       -  
Granted       337,899     $ 5.78  
Vested       (105,899 )   $ 10.00  
Unvested, June 30, 2014       232,000     $ 3.88  
Granted       111,275     $ 3.20  
Vested       (309,150 )   $ 3.66  
Unvested, March 31, 2015       34,125     $ 3.66