Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2015
Jun. 30, 2014
Current assets:    
Cash $ 9,494 $ 3,590
Accounts receivable - trade 445 205
Prepaid expenses and other current assets 182 118
Total current assets 10,121 3,913
Fixed assets, net of accumulated depreciation 13 6
Intangible assets, net of accumulated amortization 2,360 2,575
Total Assets 12,494 6,494
Current liabilities:    
Accounts payable (related party of $153 and $38 as of June 30, 2015 and 2014, respectively) 1,104 297
Accrued expenses 159 98
Total Liabilities $ 1,263 $ 395
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; 77,205,410 and 65,642,095 shares issued and outstanding at June 30, 2015 and 2014, respectively 77 66
Additional paid-in capital 59,006 47,235
Accumulated other comprehensive loss (25) 0
Accumulated deficit (47,827) (41,202)
Total Stockholders' Equity 11,231 6,099
Total Liabilities and Stockholders' Equity $ 12,494 $ 6,494