Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v2.4.0.8
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Jun. 30, 2013
Current assets:    
Cash $ 3,590 $ 4,414
Accounts receivable - trade 205 1,007
Prepaid expenses and other current assets 118 1,214
Total current assets 3,913 6,635
Fixed assets, net of accumulated depreciation 6 6
Intangible assets, net of accumulated amortization 2,575 2,713
Total Assets 6,494 9,354
Current liabilities:    
Accounts payable (related party of $38 and $93 as of June 30, 2014 and 2013, respectively) 297 2,401
Accrued expenses 98 1,885
Total Liabilities 395 4,286
Commitments      
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 June 30, 2014 and 100,000,000 shares authorized at June 30, 2013; 65,642,095 shares issued and outstanding at June 30, 2014 and 56,692,095 shares issued and outstanding at June 30, 2013 66 57
Additional paid-in capital 47,235 42,547
Accumulated deficit (41,202) (37,536)
Total Stockholders' Equity 6,099 5,068
Total Liabilities and Stockholders' Equity $ 6,494 $ 9,354