15. CONSOLIDATED QUARTERLY FINANCIAL DATA UNAUDITED (Tables)

12 Months Ended

Jun. 30, 2017

Consolidated Quarterly Financial Data Unaudited Tables

QUARTERLY FINANCIAL DATA

	Three Months Ended
	June 30,			March 31,			December 31,			September 30,
	2017			2017			2016			2016
	(amounts in thousands, except per share data)
Revenues	$	33,900		$	10,824		$	-		$	-
Operating expenses		19,581			13,836			9,441			12,435
Other expense, net		(504	)		(552	)		(588	)		(618	)
Income (loss) before income taxes		13,815			(3,564	)		(10,029	)		(13,053	)
Income taxes		(500	)		-			-			-
Net income (loss)	$	13,315		$	(3,564	)	$	(10,029	)	$	(13,053	)
Basic net income (loss) per common share	$	0.07		$	(0.02	)	$	(0.06	)	$	(0.08	)
Diluted net income (loss) per common share	$	0.07		$	(0.02	)	$	(0.06	)	$	(0.08	)
Weighted average number of common shares outstanding used in computing basic net income (loss) per common share		196,874,145			196,580,519			177,798,511			165,848,269
Weighted average number of common shares outstanding used in computing diluted net income (loss) per common share		197,948,721			196,580,519			177,798,511			165,848,269

	Three Months Ended
	June 30,			March 31,			December 31,			September 30,
	2016			2016			2015			2015
	(amounts in thousands, except per share data)
Revenues	$	-		$	-		$	-		$	-
Operating expenses		12,738			12,086			12,628			11,798
Other expense, net		(618	)		(611	)		(622	)		(612	)
Loss before income taxes		(13,356	)		(12,697	)		(13,250	)		(12,410	)
Income taxes		-			-			-			-
Net loss	$	(13,356	)	$	(12,697	)	$	(13,250	)	$	(12,410	)
Basic and diluted net loss per common share	$	(0.09	)	$	(0.08	)	$	(0.08	)	$	(0.08	)
Weighted average number of common shares outstanding used in computing basic and diluted net loss per common share		156,841,053			156,744,867			156,456,801			156,176,618