• Filing Date: 2013-09-27
  • Form Type: 10-K
  • Description: Annual report
v2.4.0.8
12. CONSOLIDATED QUARTERLY FINANCIAL DATA UNAUDITED (Details) (USD $)
3 Months Ended 12 Months Ended
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2011
Consolidated Quarterly Financial Data Unaudited Tables                      
Revenues       $ 7,000 $ 3,000 $ 11,000 $ 24,000 $ 12,000 $ 27,000 $ 10,361 $ 73,736 $ 1,475,457
Operating expenses 4,720,000 4,024,000 3,447,000 3,404,000 5,702,000 6,050,000 3,713,000 3,394,000 15,595,521 18,859,117 15,128,843
Other income/(expense), net 2,000 9,000 11,000 (7,052,000) 438,000 6,000 8,000 12,000 (7,030,222) 463,970 200,066
Loss before income taxes (4,718,000) (4,015,000) (3,429,000) (10,453,000) (5,253,000) (6,020,000) (3,693,000) (3,355,000) (22,615,382) (18,321,411) (13,453,320)
Income tax benefit       1,753,000          1,068,000    1,753,208 1,068,233 637,391
Net loss $ (4,718,000) $ (4,015,000) $ (1,676,000) $ (10,453,000) $ (5,253,000) $ (6,020,000) $ (2,625,000) $ (3,355,000) $ (20,862,174) $ (17,253,178) $ (12,815,929)
Basic and diluted net loss per common share $ (0.04) $ (0.04) $ (0.02) $ (0.15) $ (0.14) $ (0.17) $ (0.08) $ (0.10) $ (0.21) $ (0.49) $ (0.64)
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 34,900,591 34,900,591 34,900,591 34,900,591 97,618,714 34,900,591 20,084,022