Note 7 - Income Taxes (Tables)

12 Months Ended

Jun. 30, 2017

Notes Tables

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	June 30,
	2017			2016
Deferred Tax Assets
Net operating loss	$	13,314		$	13,967
Capital loss carryover		31			31
Valuation adjustment on investment in iBio, Inc.		707			695
Depreciation		(269	)		(166	)
Inventory		139			156
Change in estimated fair value of derivative liability		201			31
Other		94			-
Valuation allowance		(13,394	)		(14,714	)
Total deferred tax asset, net	$	823		$	-

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	For the fiscal year
	ended June 30,
	2017			2016
Current - Federal	$	30		$	20
Current - State and local		306			211
Deferred - Federal and state		495			114
Change in valuation allowance		(1,321	)		(114	)
Income tax (benefit) expense, net	$	(490	)	$	231

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	For the fiscal year
	ended June 30,
	2017			2016
Statutory federal income tax rate		34	%		34	%
Statutory state income tax rate		6	%		6	%
Effective state income tax rate		10	%		12	%
Change in valuation allowance		(79	)%		(36	)%
Non-deductible expenses		3	%		3	%
Effective income tax rate		(26	)%		19	%