The Company and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jun. 30, 2013

Net loss per share was determined as follows (in thousands, except share and per share amounts):


	Year ended June 30,
	2013			2012
Numerator
Net loss arising during the development stage	$	(11,186	)	$	(7,523	)

Denominator
Weighted average common shares outstanding		10,160,835			2,247,709

Basic and diluted net loss per share	$	(1.10	)	$	(3.35	)

Antidilutive Securities

The table below presents the potentially dilutive securities that would have been included in the Company’s calculation of diluted net loss per share allocable to common stockholders if they were not antidilutive at June 30, 2013 and 2012.


	Year ended June 30,
	2013		2012
Anti-dilutive securities not included in diluted loss per share:
Stock options		635,094		143,927
Warrants		5,062,000		937,295
Restricted stock units		400,000		—
Convertible preferred shares		—		804,500

Total anti-dilutive securities not included in diluted net loss per share		6,097,094		1,885,722