Quarterly report pursuant to Section 13 or 15(d)

Share-Based Compensation (Tables)

v3.8.0.1
Share-Based Compensation (Tables)
 6 Months Ended
Dec. 31, 2017
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 (in thousands):
 
 
 
Three Months Ended
December 31,
 
 
 
2017
 
2016
 
Research and development
 
$
10
 
$
5
 
General and administrative
 
 
179
 
 
236
 
Totals
 
$
189
 
$
241
 
 
 
 
Six Months Ended
December 31,
 
 
 
2017
 
2016
 
Research and development
 
$
24
 
$
11
 
General and administrative
 
 
370
 
 
495
 
Totals
 
$
394
 
$
506
 
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
The following table summarizes all stock option activity during Fiscal 2018:
 
 
 
Stock
Options
 
Weighted-
average
Exercise
Price
 
Weighted-
average
Remaining
Contractual
Term (in years)
 
Aggregate
Intrinsic Value
(in thousands)
 
Outstanding as of July 1, 2017
 
 
13,548,334
 
$
1.21
 
 
5.8
 
$
138
 
Granted
 
 
50,000
 
 
0.39
 
 
 
 
 
 
 
Forfeited/expired
 
 
(42,500)
 
 
0.40
 
 
 
 
 
 
 
Outstanding as of December 31, 2017
 
 
13,555,834
 
$
1.21
 
 
5.4
 
$
-
 
Vested and, as of December 31, 2017, expected to vest
 
 
13,513,517
 
$
1.21
 
 
5.4
 
$
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Exercisable as of December 31, 2017
 
 
11,256,688
 
$
1.27
 
 
4.7
 
$
-
 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
The Company estimated the fair value of options granted using the Black-Scholes option pricing model with the following assumptions:
 
Risk-free interest rate
 
2.23
%
Dividend yield
 
0
%
Volatility
 
103.10
%
Expected term (in years)
 
9