Note 4 - Income Taxes (Tables)

6 Months Ended

Dec. 31, 2012

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	Three Months Ended December 31,
	2012			2011
Income (loss) before income taxes	$	4,823		$	(7,519	)
Computed by applying standard income tax rate of 35%		1,688			(2,632	)
Differences in foreign tax rates to standard rate		(257	)		379
Non qualifying research and development expenditure		2,662			1,904
Non-assessable income:
Australian research and development credit		(1,561	)		-
UK research and development incentive		(949	)		-
Gain on merger		(3,015	)		-
Disallowed expenses (income):
Share-based compensation		512			11
Non-taxable amortization		144			(569	)
Other		(449	)		(23	)
State taxes, net of federal benefit		261			-
Change in valuation allowance		958			410
Income tax benefit	$	(6	)	$	(520	)

	Six Months Ended December 31,
	2012			2011
Loss before income taxes	$	(2,517	)	$	(11,902	)
Computed by applying standard income tax rate of 35%		(881	)		(4,166	)
Differences in foreign tax rates to standard rate		110			239
Non qualifying research & development expenditure		2,947			2,490
Non-assessable income:
Australian research and development credit		(1,561	)		-
UK research and development incentive		(523	)		-
Gain on merger		(3,015	)		-
Disallowed expenses (income):
Share-based compensation		568			134
Non-taxable amortization		2			(139	)
Other		(16	)		6
State taxes, net of federal benefits		261			-
Change in valuation allowance		2,004			786
Income tax benefit	$	(104	)	$	(650	)