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Condensed Consolidated Statements of Comprehensive (Loss) Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Revenues:        
Collaborative research and development $ 142 $ 164 $ 322 $ 25,245
Royalty income 384 357 670 583
Total revenues 526 521 992 25,828
Operating expenses:        
Research and development 3,721 2,767 7,203 5,551
General and administrative 2,043 1,870 4,011 3,604
Total operating expenses 5,764 4,637 11,214 9,155
(Loss) income from operations (5,238) (4,116) (10,222) 16,673
Interest and other income 10 3 20 6
(Loss) income before income taxes (5,228) (4,113) (10,202) 16,679
Income tax benefit (expense) 42 38 83 (188)
Net (loss) income $ (5,186) $ (4,075) $ (10,119) $ 16,491
Net (loss) income per common share:        
Basic $ (0.18) $ (0.14) $ (0.34) $ 0.56
Diluted $ (0.18) $ (0.14) $ (0.34) $ 0.54
Weighted average common shares:        
Basic 29,436,874 29,366,669 29,426,224 29,344,689
Diluted 29,436,874 29,366,669 29,426,224 30,618,144
Net (loss) income $ (5,186) $ (4,075) $ (10,119) $ 16,491
Other comprehensive loss:        
Foreign currency translation adjustments (19) (46) (47) (96)
Net unrealized loss on marketable securities (6) (2) (4) (5)
Other comprehensive loss (25) (48) (51) (101)
Comprehensive (loss) income $ (5,211) $ (4,123) $ (10,170) $ 16,390