Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v2.4.0.8
Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Jun. 30, 2013
Current assets:    
Cash $ 4,333 $ 4,414
Accounts receivable - trade 1,007 1,007
Prepaid expenses and other current assets 192 1,214
Total current assets 5,532 6,635
Fixed assets, net of accumulated depreciation 7 6
Intangible assets, net of accumulated amortization 2,675 2,713
Total Assets 8,214 9,354
Current liabilities:    
Accounts payable 1,118 2,401
Accrued expenses 95 1,885
Total liabilities 1,213 4,286
Commitments and Contingencies      
Stockholders' equity:    
Preferred stock - no par value; 1,000,000 shares authorized; no shares issued and outstanding 0 0
Common stock - $0.001 par value; 175,000,000 shares authorized at March 31, 2014 and 100,000,000 shares authorized at June 30, 2013; 65,642,095 shares issued and outstanding at March 31, 2014 and 56,692,095 shares issued and outstanding as of June 30, 2013 66 57
Additional paid-in capital 46,995 42,547
Accumulated deficit (40,060) (37,536)
Total Stockholders' Equity 7,001 5,068
Total Liabilities and Stockholders’ Equity $ 8,214 $ 9,354