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INCOME TAXES (Schedule of Deferred Tax Liabilities And Assets) (Details) - USD ($)
$ in Thousands
Dec. 31, 2015
Jun. 30, 2015
Assets in respect of:    
Carryforward tax losses $ 399 $ 23,033
Research and Development carryforward expenses- temporary differences 4,346 $ 5,173
Stock-based compensation 463
Other reserves 1,357 $ 1,346
Deferred tax assets, gross $ 6,565 29,552
Valuation allowance [1] $ (29,552)
Net deferred tax assets $ 6,565
[1] (1) ASC 740 requires that deferred tax assets be reduced by a valuation allowance if it is more likely than not that some portion or all of the deferred tax assets will not be realized. The Company evaluated the net deferred tax assets for each separate tax entity. As of June 30, 2015, the Company concluded that it is not more likely than not that the net deferred tax assets will be realized and a full valuation allowance has been recorded against these assets. The Company's estimate of future book-taxable income considers available evidence, both positive and negative, about its operating businesses and investments, including an aggregation of individual projections for each significant operating business and investment, estimated apportionment factors for state and local taxing jurisdictions and includes all future years that the Company estimated it would have available net operating loss carryforwards. During the second fiscal quarter of 2016, the Company determined that the positive evidence outweighs the negative evidence for deferred tax assets and concluded that these deferred tax assets are realizable on a "more likely than not" basis. This determination was mainly due to expected future results of positive operations and earnings history.