Flux Power Holdings, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Deficit (Tables)

Stockholders' Deficit (Tables)

9 Months Ended

Mar. 31, 2020

Warrant detail for the nine months ended March 31, 2020 is reflected below:

	Number of Warrants			Weighted Average Exercise Price Per Warrant		Remaining Contract Term (# years)
Warrants outstanding and exercisable at June 30, 2019		8,333		$	20.00		0.25
Warrants issued		-		$	-		-
Warrants exercised		-		$	-		-
Warrants forfeited		(8,333	)	$	20.00		-
Warrants outstanding and exercisable at March 31, 2020		-		$	-		-

Warrant detail for the nine months ended March 31, 2019 is reflected below:

	Number of Warrants			Weighted Average Exercise Price Per Warrant		Remaining Contract Term (# years)
Warrants outstanding and exercisable at June 30, 2018		174,079		$	20.30		0.74
Warrants issued		-		$	-		-
Warrants exercised		-		$	-		-
Warrants exchanged		(165,746	)	$	20.30		-
Warrants forfeited		-		$	-		-
Warrants outstanding and exercisable at March 31, 2019		8,333		$	20.00		0.50

Schedule of Stock Options Activity

Activity in stock options during the nine months ended March 31, 2020, and related balances outstanding as of that date are reflected below:

	Number of Shares			Weighted Average Exercise Price		Weighted Average Remaining Contract Term (# years)
Outstanding at June 30, 2019		580,171		$	11.05		8.59
Granted		15,792		$	8.87
Exercised		(5,249	)	$	4.68
Forfeited and cancelled		(8,718	)	$	12.56
Outstanding at March 31, 2020		581,996		$	11.02		7.87
Exercisable at March 31, 2020		414,720		$	10.65		7.53

Activity in stock options during the nine months ended March 31, 2019, and related balances outstanding as of that date are reflected below:

	Number of Shares			Weighted Average Exercise Price		Weighted Average Remaining Contract Term (# years)
Outstanding at June 30, 2018		354,447		$	8.30		8.87
Granted		247,896		$	14.40
Exercised		-		$	-
Forfeited and cancelled		(18,366	)	$	4.60
Outstanding at March 31, 2019		583,977		$	11.00		8.78
Exercisable at March 31, 2019		266,919		$	9.60		7.98

Schedule of Stock-Based Compensation Expenses

The Company allocated stock-based compensation expense included in the condensed consolidated statements of operations for employee option grants and non-employee option grants as follows:

	For the Three Months Ended March 31				For the Nine Months Ended March 31,
	2020		2019		2020		2019
Research and development	$	54,000	$	225,000	$	162,000	$	256,000
General and administration		402,000		861,000		1,194,000		1,236,000
Total stock-based compensation expense	$	456,000	$	1,086,000	$	1,356,000	$	1,492,000

Schedule of Fair Value Assumptions of Stock Options

The fair value of stock options was measured at the grant date using the assumptions (annualized percentages) in the table below:

Nine months ended March 31,	2020			2019
Expected volatility		100.60	%		111	%
Risk free interest rate		1.73	%		2.10	%
Forfeiture rate		20.0	%		20.0	%
Dividend yield		0	%		0	%
Expected term (years)		5.56			5