Selected Quarterly Financial Information (Unaudited) (Tables)

12 Months Ended

Jun. 30, 2013

Unaudited Quarterly Results of Operations

The following table presents the Company’s unaudited quarterly results of operations for the years ended June 30, 2013 and 2012 (in thousands, except per share amounts).

	Quarter Ended												Year Ended June  30, 2013
	June 30, 2013			March 31, 2013			December 31, 2012			September 30, 2012
Net loss arising during development stage	$	(3,215	)	$	(2,753	)	$	(2,754	)	$	(2,464	)	$	(11,186	)
Basic and diluted loss per share	$	(0.19	)	$	(0.18	)	$	(0.50	)	$	(0.70	)	$	(1.10	)
	Quarter Ended												Year Ended June 30, 2012
	June 30, 2012			March 31, 2012			December 31, 2011			September 30, 2011
Net loss arising during development stage	$	(2,101	)	$	(2,269	)	$	(1,541	)	$	(1,612	)	$	(7,523	)
Basic and diluted loss per share	$	(0.71	)	$	(0.93	)	$	(0.78	)	$	(1.01	)	$	(3.35	)