The Company and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jun. 30, 2012

Net Loss Per Share

Net loss per share was determined as follows (in thousands, except per share amounts):

	Year ended June 30,
	2012			2011
Numerator
Net loss arising during the development stage	$	(7,523	)	$	(6,781	)
Denominator
Weighted average common shares outstanding		13,486,251			7,643,408
Basic and diluted net loss per share	$	(0.56	)	$	(0.89	)

Weighted Average Antidilutive Securities

	Year ended June 30,
	2012		2011
Weighted average anti-dilutive securities not included in diluted loss per share
Weighted average stock options outstanding		811,675		405,764
Weighted average warrants outstanding		3,198,630		585,402
Weighted average convertible preferred shares outstanding		4,827,000		687,682
Total weighted average anti-dilutive securities not included in diluted net loss per share		8,837,305		1,678,848