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Condensed Consolidated Statements Of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Mar. 31, 2012
Mar. 31, 2011
Revenues:        
Collaborative research and development $ 158 $ 56 $ 1,823 $ 218
Royalty income 380 304 1,004 1,032
Total revenues 538 360 2,827 1,250
Operating expenses:        
Research and development 1,508 1,737 5,629 5,013
General and administrative 1,757 1,762 5,269 5,932
Impairment of intangible assets     14,830  
Total operating expenses 3,265 3,499 25,728 10,945
Loss from operations (2,727) (3,139) (22,901) (9,695)
Other income (expense):        
Change in fair value of derivatives   334 170 1,130
Interest income 10 7 30 19
Other income (expense), net 1   (1) (11)
Total other income 11 341 199 1,138
Loss before income taxes (2,716) (2,798) (22,702) (8,557)
Income tax benefit 30 113 129 69
Net loss $ (2,686) $ (2,685) $ (22,573) $ (8,488)
Basic and diluted net loss per share: $ (0.13) $ (0.13) $ (1.09) $ (0.45)
Weighted average common shares outstanding:        
Basic and diluted 20,803 20,177 20,787 19,072