Quarterly report pursuant to Section 13 or 15(d)

Share-Based Compensation (Tables)

v2.4.1.9
Share-Based Compensation (Tables)
6 Months Ended
Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]
The following table summarizes the components of share-based compensation expense in the condensed consolidated statements of operations (in thousands):
 
 
 
Three Months Ended
 
 
 
December 31,
 
 
 
2014
 
2013
 
Research and development
 
$
(20)
 
$
20
 
General and administrative
 
 
233
 
 
255
 
Totals
 
$
213
 
$
275
 
 
 
 
Six Months Ended
 
 
 
December 31,
 
 
 
2014
 
2013
 
Research and development
 
$
-
 
$
38
 
General and administrative
 
 
466
 
 
472
 
Totals
 
$
466
 
$
510
 
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
The following table summarizes all stock option activity during the six months ended December 31, 2014:
 
 
 
 
 
 
 
 
Weighted-
 
 
 
 
 
 
 
 
Weighted-
 
average
 
 
 
 
 
 
 
 
average
 
Remaining
 
Aggregate
 
 
 
Stock
 
Exercise
 
Contractual
 
Intrinsic Value
 
 
 
Options
 
Price
 
Term (in years)
 
(in thousands)
 
Outstanding as of June 30, 2014
 
 
8,483,334
 
$
1.25
 
 
7.0
 
$
179
 
Granted
 
 
1,740,000
 
$
0.88
 
 
 
 
 
 
 
Forfeited
 
 
(500,000)
 
 
0.87
 
 
 
 
 
 
 
Outstanding as of December 31, 2014
 
 
9,723,334
 
$
1.20
 
 
7.1
 
$
865
 
Vested and expected to vest as of December 31, 2014
 
 
9,634,999
 
$
1.45
 
 
7.1
 
$
865
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Exercisable as of December 31, 2014
 
 
5,836,683
 
$
1.45
 
 
6.0
 
$
513