Accrued Expenses

6 Months Ended

Dec. 31, 2017

Payables and Accruals [Abstract]

Accrued Expenses

5. Accrued Expenses

Accrued expenses consisted of the following at December 31, 2017 and June 30, 2017 (in thousands):

	December 31, 2017		June 30, 2017
Clinical trial costs	$	823	$	1,984
Personnel costs		823		1,632
Professional fees		594		590
Other		22		18
	$	2,262	$	4,224

In January 2017, the Company entered into retention bonus agreements with five employees. Under these agreements (a) cash payments totaling $319,000 were made on December 22, 2017 and (b) subject to continuing employment, a total of 305,616 restricted stock units (“RSUs”) of an equal value were granted at that date based on a closing share price of $1.045 per share with a one-year vesting period. Included in personnel costs in the above table were $0 and $160,000 at December 31, 2017 and June 30, 2017, respectively, representing pro rata accrual of the cash bonus component.