15. CONSOLIDATED QUARTERLY FINANCIAL DATA - UNAUDITED

12 Months Ended

Jun. 30, 2019

Quarterly Financial Information Disclosure [Abstract]

15. CONSOLIDATED QUARTERLY FINANCIAL DATA - UNAUDITED

The following tables provide quarterly data for the years ended June 30, 2019 and 2018.

	Three Months Ended
	June 30,	March 31,	December 31,	September 30,
	2019	2019	2018	2018
	(amounts in thousands, except per share data)
Revenues	$          60,265	$                    -	$                    -	$                   35
Operating expenses	8,080	5,763	5,050	5,663
Other income(expense), net	39	36	8	(54)
Income (loss) before income taxes	52,224	(5,727)	(5,042)	(5,682)
Income taxes	-	-	-	-
Net income (loss)	$          52,224	$           (5,727)	$           (5,042)	$            (5,682)
Basic net income (loss) per common share	$              0.25	$             (0.03)	$             (0.02)	$              (0.03)
Diluted net income (loss) per common share	$              0.23	$             (0.03)	$             (0.02)	$              (0.03)
Weighted average number of
common shares outstanding
used in computing basic net
income (loss) per common share	212,253,194	207,016,304	206,487,984	205,009,278
Weighted average number of
common shares outstanding
used in computing diluted net
income (loss) per common share	228,526,106	207,016,304	206,487,984	205,009,278
	Three Months Ended
	June 30,	March 31,	December 31,	September 30,
	2018	2018	2017	2017
	(amounts in thousands, except per share data)
Revenues	$          20,618	$            8,963	$          10,612	$            26,942
Operating expenses	8,349	9,480	7,671	15,708
Other expense, net	(185)	(241)	(310)	(405)
Income (loss) before income taxes	12,083	(758)	2,631	10,829
Income taxes	(276)	19	399	(225)
Net income (loss)	$          11,807	$              (739)	$            3,030	$            10,604
Basic net income (loss) per common share	$              0.06	$                  -	$              0.02	$                0.05
Diluted net income (loss) per common share	$              0.06	$                  -	$              0.01	$                0.05
Weighted average number of
common shares outstanding
used in computing basic net
income (loss) per common share	200,581,435	197,485,758	197,238,056	197,112,400
Weighted average number of
common shares outstanding
used in computing diluted net
income (loss) per common share	211,047,927	197,485,758	202,711,616	201,360,736