Equity Offering

12 Months Ended

Jun. 30, 2012

Equity Offering and Common Stock Warrants [Abstract]

Equity Offering

5. Equity Offering

On May 22, 2012, the Company, in a registered underwritten public offering, sold 1,780,000 shares of its common stock at $9.00 per share. Net proceeds to the Company, after deducting underwriting discounts, commissions, and estimated expenses, were $14,889.