NET LOSS PER SHARE

3 Months Ended

Sep. 30, 2014

NET LOSS PER SHARE [Abstract]

Loss Per Share [Text Block]

NET LOSS PER SHARE

Basic net loss per share is computed by dividing net loss applicable to common shareholders by the weighted-average number of shares of common stock outstanding during the period. Diluted net loss per share is computed based on the weighted-average number of shares of common stock outstanding during the period increased by the weighted-average number of dilutive common stock equivalents outstanding during the period, using the treasury stock method. Dilutive common stock equivalents are comprised of options granted under the Company's stock option plans, employee stock purchase plan (“ESPP”) share purchase rights, convertible notes, and common stock purchase warrants. For all periods presented, there is no difference in the number of shares used to calculate basic and diluted shares outstanding due to the Company's net loss position.

Anti-dilutive common stock equivalents excluded from the computation of diluted net loss per share were as follows (in thousands):

	Three Months Ended
	September 30,
	2014	2013
Restricted stock not yet vested and released	1,854	419
Options outstanding and ESPP share purchase rights	277	309
Common stock purchase warrants	2,875	2,726
Convertible notes	1,789	2,038
Convertible notes interest	523	795