16. CONSOLIDATED QUARTERLY FINANCIAL DATA - UNAUDITED

12 Months Ended

Jun. 30, 2018

Quarterly Financial Information Disclosure [Abstract]

16. CONSOLIDATED QUARTERLY FINANCIAL DATA - UNAUDITED

The following tables provide quarterly data for the years ended June 30, 2018 and 2017.

	Three Months Ended
	June 30,			March 31,			December 31,			September 30,
	2018			2018			2017			2017
	(amounts in thousands, except per share data)
Revenues	$	20,618		$	8,963		$	10,612		$	26,942
Operating expenses		8,349			9,480			7,671			15,708
Other expense, net		(185	)		(241	)		(310	)		(405	)
Income (loss) before income taxes		12,083			(758	)		2,631			10,829
Income taxes		(276	)		19			399			(225	)
Net income (loss)	$	11,807		$	(739	)	$	3,030		$	10,604
Basic net income (loss) per common share	$	0.06		$	-		$	0.02		$	0.05
Diluted net income (loss) per common share	$	0.06		$	-		$	0.01		$	0.05
Weighted average number of
common shares outstanding
used in computing basic net
income (loss) per common share		200,581,435			197,485,758			197,238,056			197,112,400
Weighted average number of
common shares outstanding
used in computing diluted net
income (loss) per common share		211,047,927			197,485,758			202,711,616			201,360,736

	Three Months Ended
	June 30,			March 31,			December 31,			September 30,
	2017			2017			2016			2016
	(amounts in thousands, except per share data)
Revenues	$	33,900		$	10,824		$	-		$	-
Operating expenses		19,581			13,836			9,441			12,435
Other expense, net		(504	)		(552	)		(588	)		(618	)
Income (loss) before income taxes		13,815			(3,564	)		(10,029	)		(13,053	)
Income taxes		(500	)		-			-			-
Net income (loss)	$	13,315		$	(3,564	)	$	(10,029	)	$	(13,053	)
Basic net income (loss) per common share	$	0.07		$	(0.02	)	$	(0.06	)	$	(0.08	)
Diluted net income (loss) per common share	$	0.07		$	(0.02	)	$	(0.06	)	$	(0.08	)
Weighted average number of
common shares outstanding
used in computing basic net
income (loss) per common share		196,874,145			196,580,519			177,798,511			165,848,269
Weighted average number of
common shares outstanding
used in computing diluted net
income (loss) per common share		197,948,721			196,580,519			177,798,511			165,848,269