Annual report pursuant to Section 13 and 15(d)

RELATED PARTY TRANSACTIONS (Tables)

v2.4.0.6
RELATED PARTY TRANSACTIONS (Tables)
 12 Months Ended
Jun. 30, 2012
Schedule of Related Party Transactions [Table Text Block] Below are expenses recorded for transactions associated with FhCMB for the years ended June 30, 2012 and 2011 and amounts included in the balance sheet for accounts as of June 30, 2012 and 2011:

 

 

 

 

 

 

 

 

 

 

For the Year
Ended June
30, 2012

 

For the Year
Ended June
30, 2011

 

 

 

 

 

Research and development expenses

 

 

$4,216,000

 

 

$2,445,000

 

Royalty expenses

 

 

200,000

 

 

200,000

 

Interest expense

 

 

62,000

 

 

50,000

 

 

 

 

 

 

 

 

 

 

 

As of June
30, 2012

 

As of June
30, 2011

 

 

 

 

 

Prepaid expenses, other receivable and other current assets

 

 

$844,000

 

 

$983,000

 

Accounts payable and accrued expenses

 

 

2,591,000

 

 

2,360,000