• Filing Date: 2013-09-27
  • Form Type: 10-K
  • Description: Annual report
v2.4.0.8
11. INCOME TAXES (Tables)
12 Months Ended
Jun. 30, 2013
Income Taxes Tables  
Deferred tax assets
  June 30, June 30,
  2013 2012
Net operating loss carryforwards  $             83,470,000  $             81,460,000
Research and development tax credits                   6,605,000                   6,364,000
Accrued expenses, deferred revenue and other                   1,698,000                   3,969,000
                  91,773,000                 91,793,000
Valuation allowance               (91,773,000)               (91,793,000)
Net deferred tax assets  $                             -  $                             -