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
Dec. 31, 2013
Jun. 30, 2013
Current assets:    
Cash $ 5,678 $ 4,414
Accounts receivable - trade 1,007 1,007
Prepaid expenses and other current assets 255 1,214
Total current assets 6,940 6,635
Fixed assets, net of accumulated depreciation 5 6
Intangible assets, net of accumulated amortization 2,673 2,713
Total Assets 9,618 9,354
Current liabilities:    
Accounts payable 1,245 2,401
Accrued expenses 419 1,885
Total liabilities 1,664 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 December 31, 2013 and 100,000,000 shares authorized at June 30, 2013; 64,442,095 shares issued and outstanding at December 31, 2013 and 56,692,095 shares issued and outstanding as of June 30, 2013 64 57
Common stock to be issued; 1,200,000 shares at December 31, 2013 and 0 shares at June 30, 2013 480 0
Additional paid-in capital 46,191 42,547
Accumulated deficit (38,781) (37,536)
Total Stockholders’ Equity 7,954 5,068
Total Liabilities and Stockholders’ Equity $ 9,618 $ 9,354