| Summary of employee and director stock options issued and outstanding |
|
|
|
Options
|
|
Weighted
Average
Exercise
Price
|
|
Weighted
average
remaining
contractual
term (years)
|
|
Aggregate
intrinsic value
|
|
|
Options outstanding at July 1, 2016
|
|
1,016,997
|
|
5.03
|
|
3.19
|
|
—
|
|
|
Awarded
|
|
199,618
|
|
1.06
|
|
|
|
|
|
|
Exercised
|
|
(58,610
|
)
|
0.90
|
|
|
|
|
|
|
Forfeited
|
|
—
|
|
—
|
|
|
|
|
|
|
Expired
|
|
—
|
|
—
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Options outstanding at March 31, 2017
|
|
1,158,005
|
|
4.06
|
|
2.29
|
|
396,462
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Options exercisable at March 31, 2017
|
|
938,300
|
|
4.70
|
|
1.85
|
|
304,759
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Options
|
|
Weighted
Average Share
Price
|
|
Aggregate
intrinsic
value
|
|
Weighted
average
remaining
contractual life
(years)
|
|
|
Options outstanding at July 1, 2014
|
|
|
1,441,727
|
|
$
|
8.76
|
|
$
|
8,327
|
|
|
3.14
|
|
|
Granted
|
|
|
476,106
|
|
|
1.40
|
|
|
|
|
|
|
|
|
Exercised
|
|
|
—
|
|
|
—
|
|
|
|
|
|
|
|
|
Forfeited
|
|
|
(517,853
|
)
|
|
4.21
|
|
|
|
|
|
|
|
|
Expired
|
|
|
(218,026
|
)
|
|
10.71
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Options outstanding at June 30, 2015
|
|
|
1,181,954
|
|
$
|
7.43
|
|
$
|
—
|
|
|
3.39
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Granted
|
|
|
183,860
|
|
|
0.54
|
|
|
|
|
|
|
|
|
Exercised
|
|
|
—
|
|
|
—
|
|
|
|
|
|
|
|
|
Forfeited
|
|
|
(39,175
|
)
|
|
1.39
|
|
|
|
|
|
|
|
|
Expired
|
|
|
(309,642
|
)
|
|
12.01
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Options outstanding at June 30, 2016
|
|
|
1,016,997
|
|
$
|
5.03
|
|
$
|
—
|
|
|
3.19
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Options exercisable at June 30, 2016
|
|
|
919,396
|
|
$
|
5.50
|
|
$
|
—
|
|
|
3.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Schedule of stock options outstanding and exercisable |
|
Options outstanding and exercisable as of March 31, 2017
|
|
|
Exercise Price
|
|
Outstanding Number of
Shares
|
|
Remaining Life
|
|
Exercisable
Number of Shares
|
|
|
$
|
0.40 – 4.00
|
|
245,525
|
|
Less than 1 year
|
|
225,525
|
|
|
$
|
0.40 – 4.00
|
|
57,916
|
|
1 year
|
|
57,916
|
|
|
$
|
0.40 – 4.00
|
|
136,296
|
|
2 years
|
|
136,296
|
|
|
$
|
0.40 – 4.00
|
|
256,720
|
|
3 years
|
|
256,720
|
|
|
$
|
0.40 – 4.00
|
|
241,110
|
|
4 years
|
|
41,405
|
|
|
$
|
4.01 – 10.00
|
|
118,188
|
|
Less than 1 year
|
|
118,188
|
|
|
$
|
4.01 – 10.00
|
|
4,062
|
|
1 year
|
|
4,062
|
|
|
$
|
4.01 – 10.00
|
|
7,000
|
|
3 years
|
|
7,000
|
|
|
$
|
10.00 – 20.00
|
|
13,125
|
|
Less than 1 year
|
|
13,125
|
|
|
$
|
10.00 – 20.00
|
|
17,500
|
|
3 years
|
|
17,500
|
|
|
$
|
20.00 – 30.00
|
|
2,500
|
|
Less than 1 year
|
|
2,500
|
|
|
$
|
20.00 – 30.00
|
|
28,500
|
|
3 years
|
|
28,500
|
|
|
$
|
30.00 – 40.00
|
|
12,500
|
|
Less than 1 year
|
|
12,500
|
|
|
$
|
30.00 – 40.00
|
|
13,313
|
|
3 years
|
|
13,313
|
|
|
$
|
40.00 – 48.72
|
|
3,750
|
|
3 years
|
|
3,750
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,158,005
|
|
|
|
938,300
|
|
|
Options outstanding and exercisable as of June 30, 2016
|
Exercise Price
|
|
Outstanding
Number of
Shares
|
|
Remaining Life
|
|
Exercisable
Number of Shares
|
|
|
$0.42 - 4.00
|
|
|
71,250
|
|
1 year
|
|
|
71,250
|
|
|
$0.42 - 4.00
|
|
|
78,855
|
|
2 years
|
|
|
78,855
|
|
|
$0.42 - 4.00
|
|
|
197,390
|
|
3 years
|
|
|
197,390
|
|
|
$0.42 - 4.00
|
|
|
348,954
|
|
4 years
|
|
|
333,963
|
|
|
$0.42 - 4.00
|
|
|
82,610
|
|
5 years
|
|
|
—
|
|
|
$4.01 - 10.00
|
|
|
97,938
|
|
1 year
|
|
|
97,938
|
|
|
$4.01 - 10.00
|
|
|
9,000
|
|
2 years
|
|
|
9,000
|
|
|
$4.01 - 10.00
|
|
|
4,062
|
|
3 years
|
|
|
4,062
|
|
|
$4.01 - 10.00
|
|
|
18,250
|
|
4 years
|
|
|
18,250
|
|
|
$10.01 - 20.00
|
|
|
1,875
|
|
1 year
|
|
|
1,875
|
|
|
$10.01 - 20.00
|
|
|
28,750
|
|
4 years
|
|
|
28,750
|
|
|
$20.01 - 30.00
|
|
|
1,250
|
|
1 year
|
|
|
1,250
|
|
|
$20.01 - 30.00
|
|
|
31,000
|
|
4 years
|
|
|
31,000
|
|
|
$30.01 - 40.00
|
|
|
16,250
|
|
1 year
|
|
|
16,250
|
|
|
$30.01 - 40.00
|
|
|
25,813
|
|
5 years
|
|
|
25,813
|
|
|
$40.01 - 50.00
|
|
|
3,750
|
|
5 years
|
|
|
3,750
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,016,997
|
|
|
|
|
919,396
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Options outstanding and exercisable as of June 30, 2015
|
Exercise Price
|
|
Outstanding
Number of
Shares
|
|
Remaining Life
|
|
Exercisable
Number of Shares
|
|
|
$0.90 - 4.00
|
|
|
121,067
|
|
1 year
|
|
|
121,067
|
|
|
$0.90 - 4.00
|
|
|
88,264
|
|
3 years
|
|
|
68,842
|
|
|
$0.90 - 4.00
|
|
|
217,707
|
|
4 years
|
|
|
187,716
|
|
|
$0.90 - 4.00
|
|
|
375,000
|
|
5 years
|
|
|
—
|
|
|
$4.01 - 10.00
|
|
|
43,498
|
|
1 year
|
|
|
43,498
|
|
|
$4.01 - 10.00
|
|
|
107,126
|
|
2 years
|
|
|
106,502
|
|
|
$4.01 - 10.00
|
|
|
13,062
|
|
3 years
|
|
|
10,281
|
|
|
$4.01 - 10.00
|
|
|
22,000
|
|
5 years
|
|
|
22,000
|
|
|
$10.01 - 20.00
|
|
|
1,250
|
|
1 year
|
|
|
1,250
|
|
|
$10.01 - 20.00
|
|
|
1,875
|
|
2 years
|
|
|
1,875
|
|
|
$10.01 - 20.00
|
|
|
28,750
|
|
5 years
|
|
|
28,750
|
|
|
$20.01 - 30.00
|
|
|
16,667
|
|
1 year
|
|
|
16,667
|
|
|
$20.01 - 30.00
|
|
|
1,250
|
|
2 years
|
|
|
1,250
|
|
|
$20.01 - 30.00
|
|
|
31,625
|
|
5 years
|
|
|
31,625
|
|
|
$30.01 - 40.00
|
|
|
74,000
|
|
1 year
|
|
|
74,000
|
|
|
$30.01 - 40.00
|
|
|
27,563
|
|
6 years
|
|
|
27,563
|
|
|
$40.01 - 50.00
|
|
|
6,250
|
|
1 year
|
|
|
6,250
|
|
|
$40.01 - 50.00
|
|
|
5,000
|
|
6 years
|
|
|
5,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,181,954
|
|
|
|
|
754,136
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|