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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
Revenues:        
Collaborative research and development $ 195 $ 204 $ 364 $ 1,665
Royalty income 390 426 774 624
Total revenues 585 630 1,138 2,289
Operating expenses:        
Research and development 1,575 1,992 3,098 4,121
General and administrative 1,658 1,451 3,278 3,512
Impairment of intangible assets   14,830   14,830
Total operating expenses 3,233 18,273 6,376 22,463
Loss from operations (2,648) (17,643) (5,238) (20,174)
Other income (expense):        
Change in fair value of derivatives   128   170
Interest income 4 11 11 20
Other expense, net (1)   (2) (2)
Total other income 3 139 9 188
Loss before income taxes (2,645) (17,504) (5,229) (19,986)
Income tax benefit 37 44 70 99
Net loss (2,608) (17,460) (5,159) (19,887)
Net loss per common share - basic and diluted $ (0.11) $ (0.84) $ (0.23) $ (0.96)
Weighted average common shares - basic and diluted 23,297 20,803 22,795 20,780
Net loss (2,608) (17,460) (5,159) (19,887)
Other comprehensive (loss) income:        
Foreign currency translation adjustments (3) (151) 56 (514)
Net unrealized (loss) gain on marketable securities (5) 7 3 5
Other comprehensive (loss) income (8) (144) 59 (509)
Comprehensive loss $ (2,616) $ (17,604) $ (5,100) $ (20,396)