Quarterly report pursuant to Section 13 or 15(d)

Incentive and Non-statutory Stock Option Plan (Tables)

v3.7.0.1
Incentive and Non-statutory Stock Option Plan (Tables)
 9 Months Ended
Mar. 31, 2017
Incentive And Non-statutory Stock Option Plan  
Schedule of Common Stock Purchase Options and Warrants

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     (79,838 )   $ 4.53                  
Expired / Cancelled     (130,000 )   $ 7.50                  
Outstanding and exercisable, March 31, 2017     480,133     $ 4.20       0.42     $ 519,319  
                                 
WARRANTS:                                
Outstanding and exercisable, June 30, 2016     163,124     $ 7.29       0.23     $ 9,303  
Granted / adjusted     -       -                  
Exercised     -       -                  
Expired     (163,124 )   $ 7.29                  
Outstanding and exercisable, March 31, 2017     -       -       -     $ -  

Summary of Stock Options and Warrants Outstanding and Exercisable

The following table summarizes information about stock options and warrants outstanding and exercisable at March 31, 2017.

 

Exercise Price   Number
Outstanding
and
Exercisable 		    Weighted
Average
Remaining
Contractual
Life 		    Weighted
Ave
Exercise
Price 		 
  OPTIONS:                        
                           
  $0.10 - $9.90     479,133       0.42     $ 4.17  
  $10.00 - $19.90     1,000       0.31     $ 16.00  
  Totals     480,133       0.42     $ 4.20  

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, 2015     6,667     $ 6.00  
Granted     864,500     $ 5.91  
Vested     (240,939 )   $ 5.51  
Unvested, June 30, 2016     630,228     $ 6.07  
Granted     225,896     $ 5.92  
Cancelled     (5,000 )   $ 5.55  
Vested     (308,763 )   $ 5.88  
Unvested, March 31, 2017     542,361     $ 6.12  

Schedule of Fair Value Used Assumptions

The fair market value was calculated using the Black-Scholes option pricing model with the following assumptions:

 

● Risk-free interest rate - 0.01% -0.51%
● Expected life –1- 3 months
● Expected volatility – 16.71% - 19.27%
● Expected dividend - 0%