Quarterly report pursuant to Section 13 or 15(d)

Share-Based Compensation (Tables)

v2.4.1.9
Share-Based Compensation (Tables)
 9 Months Ended
Mar. 31, 2015
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 and Comprehensive Loss (in thousands):
 
 
 
Three Months Ended
March 31,
 
 
 
2015
 
2014
 
Research and development
 
$
-
 
$
55
 
General and administrative
 
 
224
 
 
270
 
Totals
 
$
224
 
$
325
 
 
 
 
Nine Months Ended
March 31,
 
 
 
2015
 
2014
 
Research and development
 
$
-
 
$
93
 
General and administrative
 
 
690
 
 
742
 
Totals
 
$
690
 
$
835
 
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
The following table summarizes all stock option activity during the nine months ended March 31, 2015:
 
 
 
Stock
Options
 
Weighted-
average
Exercise
Price
 
Weighted-
average
Remaining
Contractual
Term (in years)
 
Aggregate
Intrinsic Value
(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 March 31, 2015
 
 
9,723,334
 
$
1.20
 
 
6.8
 
$
1,201
 
Vested and expected to vest as of March 31, 2015
 
 
9,645,260
 
$
1.21
 
 
6.8
 
$
1,179
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Exercisable as of March 31, 2015
 
 
5,903,351
 
$
1.44
 
 
5.8
 
$
688