Annual report pursuant to Section 13 and 15(d)

Stock Based Compensation (Tables)

v3.10.0.1
Stock Based Compensation (Tables)
12 Months Ended
Jun. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Components of Common Stock Purchase Options and Warrants

A summary of option and warrant activity for the years ended June 30, 2018 and 2017 is presented below:

 

OPTIONS:

    # of shares     Weighted Ave Exercise Price     Weighted Average Remaining Contractual
Life (in years)
    Aggregated Intrinsic Value  
                         
Outstanding and exercisable, June 30, 2016     610,133     $ 4.90       0.99     $ 799,030  
Granted     79,838     $ 4.53                  
Exercised     (84,838 )   $ 4.49                  
Expired / Cancelled     (130,000 )   $ 7.50                  
Outstanding and exercisable, June 30, 2017     475,133     $ 4.20       1.05     $ 8,413  
Granted     -       -                  
Exercised     (420,671 )   $ 3.88                  
Expired / Cancelled     (1,000 )   $ 16.00                  
Outstanding and exercisable, June 30, 2018     53,462     $ 6.50       0.61     $ -  

Schedule of Stock Options and Warrants Outstanding and Exercisable Activity

The following table summarizes information about stock options and warrants outstanding and exercisable at June 30, 2018:

 

Exercise Price   Number Outstanding and Exercisable     Weighted Average Remaining Contractual Life     Weighted Ave Exercise Price  
OPTIONS:                  
                   
$6.50     53,462       0.61     $ 6.50  
Totals     53,462       0.61     $ 6.50  

Schedule of Fair Value of Options Granted Assumptions

The assumptions used in calculating the fair value of options granted using the Black-Scholes option-pricing model for options granted during the year ended June 30, 2017 were as follows:

 

    June 30, 2017  
Risk-free interest rate   0.01% - 0.51%  
Expected life   1 month - 3 months  
Expected volatility   16.71% - 19.27%  
Expected dividend   0%  

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, 2016     630,228     $ 6.07  
Granted     222,146     $ 5.92  
Forfeited / Cancelled     (5,000 )   $ 5.55  
Vested     (427,175 )   $ 5.90  
Unvested, June 30, 2017     420,199     $ 6.07  
Granted     47,513     $ 5.00  
Vested     (309,564 )   $ 6.00  
Forefieted / Cancelled     (2,500 )   $ 4.20  
Unvested, June 30, 2018     155,648     $ 6.16