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Selected Quarterly Financial Information (Unaudited) (Tables)
12 Months Ended
Jun. 30, 2020
Unaudited Quarterly Results of Operations
The following table presents our unaudited quarterly results of operations for the years ended June 30, 2020 and 2019 (in thousands, except per share amounts).
 
                                                                           
   
Quarters Ended
  
Year Ended
 
   
June 30,
  
March 31,
  
December 31,
  
September 30,
  
June 30,
 
   
2020
  
2020
  
2019
  
2019
  
2020
 
Total revenues
  
$
243
 
 
$
1,244
 
 
$
1,008
 
 
$
1,157
 
 
$
3,652
 
Net loss (1)
  
$
(43,510
 
$
(4,329
 
$
(20,217
 
$
(2,994
 
$
(71,050
Basic income (loss) per share
  
$
(0.41
 
$
(0.04
 
$
(0.26
 
$
(0.04
 
$
(0.78
Diluted loss per share
  
$
(0.41
 
$
(0.04
 
$
(0.26
 
$
(0.04
 
$
(0.78
 
                                                                           
   
Quarters Ended
  
Year Ended
 
   
June 30,
  
March 31,
  
December 31,
  
September 30,
  
June 30,
 
   
2019
  
2019
  
2018
  
2018
  
2019
 
Total revenues
  
$
1,129
 
 
$
1,249
 
 
$
2,049
 
 
$
488
 
 
$
4,915
 
Net income (loss) (1)
  
$
3,052
 
 
$
(17,354
 
$
12,025
 
 
$
(14,542
 
$
(16,819
Basic income (loss) per share
  
$
0.04
 
 
$
(0.24
 
$
0.17
 
 
$
(0.21
 
$
(0.24
Diluted loss per share
  
$
(0.15
 
$
(0.24
 
$
(0.15
 
$
(0.21
 
$
(0.75
 
(1)
We have experienced large changes in our net loss which relates to the change in fair value of the warrant liability for the years ended June 30, 2020 and 2019. Refer to Note 1 for further discussion.