• Filing Date: 2013-09-27
  • Form Type: 10-K
  • Description: Annual report
v2.4.0.8
12. CONSOLIDATED QUARTERLY FINANCIAL DATA – UNAUDITED
12 Months Ended
Jun. 30, 2013
Quarterly Financial Information Disclosure [Abstract]  
12. CONSOLIDATED QUARTERLY FINANCIAL DATA – UNAUDITED

 

The following tables provide quarterly data for the years ended June 30, 2013 and 2012:

  Three Months Ended
  June 30,   March 31,   December 31,   September 30,
  2013   2013   2012   2012
  (amounts in thousands, except per share data)
Revenues  $                 -    $                 -    $                   7    $                    3
Operating expenses             4,720               4,024                  3,447                   3,404
Other income/(expense), net                    2                      9                       11                  (7,052)
Loss before income taxes            (4,718)              (4,015)                 (3,429)                (10,453)
Income tax benefit                     -                       -                  1,753                           -
Net loss  $        (4,718)    $        (4,015)    $           (1,676)    $          (10,453)
Basic and diluted net loss per              
common share  $          (0.04)    $          (0.04)    $             (0.02)    $              (0.15)
Weighted average number of              
common shares outstanding              
used in computing basic and              
diluted net loss per common              
share  106,435,741    106,424,443       106,424,443          71,669,170
               
  Three Months Ended
  June 30,   March 31,   December 31,   September 30,
  2012   2012   2011   2011
  (amounts in thousands, except per share data)
Revenues  $              11    $              24    $                 12    $                  27
Operating expenses             5,702               6,050                  3,713                   3,394
Other income/(expense), net                438                      6                         8                        12
Loss before income taxes            (5,253)              (6,020)                 (3,693)                  (3,355)
Income tax benefit                     -                       -                  1,068                           -
Net loss  $        (5,253)    $        (6,020)    $           (2,625)    $            (3,355)
Basic and diluted net loss per              
common share  $          (0.14)    $          (0.17)    $             (0.08)    $              (0.10)
Weighted average number of              
common shares outstanding              
used in computing basic and              
diluted net loss per common              
share    34,900,591      34,900,591         34,900,591          34,900,591