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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Jun. 30, 2017
Accounting Policies [Abstract]  
Reconciliation of Numerators and Denominators of Basic and Diluted Income (Loss) Per Share
The following table presents a reconciliation of the numerators and denominators of basic and diluted income (loss) per share for the periods indicated:
 
 
 
Year Ended June 30,
 
 
 
2017
 
2016
 
 
 
 
 
 
 
 
 
Loss from continuing operations
 
$
(11,111)
 
$
(12,737)
 
Income from discontinued operations, net of income taxes
 
 
39,492
 
 
1,624
 
Net income (loss)
 
$
28,381
 
$
(11,113)
 
 
 
 
 
 
 
 
 
Basic and diluted EPS:
 
 
 
 
 
 
 
Basic and diluted weighted average shares outstanding
 
 
9,252,275
 
 
9,154,437
 
Basic and diluted earnings (loss) per share:
 
 
 
 
 
 
 
Continuing operations
 
$
(1.20)
 
$
(1.39)
 
Discontinued operations
 
 
4.27
 
 
0.18
 
Net income (loss)
 
$
3.07
 
$
(1.21)
 
Financial Assets Measured on Recurring Basis
Our financial assets that are measured at fair value on a recurring basis as of June 30, 2017 are as follows:
 
 
 
 
 
Quoted
 
 
 
 
 
 
 
 
 
Prices in
 
Observable
 
Unobservable
 
 
 
Total
 
Active Markets
 
Inputs
 
Inputs
 
 
 
Fair Value
 
(Level 1)
 
(Level 2)
 
(Level 3)
 
 
 
 
 
 
 
 
 
 
 
Cash
 
$
5,646
 
$
5,646
 
$
-
 
$
-
 
Money market funds
 
 
26,051
 
 
26,051
 
 
-
 
 
-
 
Commercial paper
 
 
4,196
 
 
-
 
 
4,196
 
 
-
 
Cash and cash equivalents
 
 
35,893
 
 
31,697
 
 
4,196
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial paper
 
 
6,870
 
 
-
 
 
6,870
 
 
-
 
Short-term investments
 
 
6,870
 
 
-
 
 
6,870
 
 
-
 
 
 
$
42,763
 
$
31,697
 
$
11,066
 
$
-
 
 
Our financial assets that are measured at fair value on a recurring basis as of June 30, 2016 are as follows:
 
 
 
 
 
Quoted
 
 
 
 
 
 
 
As of
 
Prices in
 
Observable
 
Unobservable
 
 
 
June 30, 2016
 
Active Markets
 
Inputs
 
Inputs
 
 
 
Fair Value
 
(Level 1)
 
(Level 2)
 
(Level 3)
 
 
 
 
 
 
 
 
 
 
 
Cash
 
$
8,743
 
$
8,743
 
$
-
 
$
-
 
Money market funds
 
 
10,055
 
 
10,055
 
 
-
 
 
-
 
Cash and cash equivalents
 
$
18,798
 
$
18,798
 
$
-
 
$
-