16. CONSOLIDATED QUARTERLY FINANCIAL DATA UNAUDITED (Tables)

12 Months Ended

Jun. 30, 2020

Quarterly Financial Information Disclosure [Abstract]

QUARTERLY FINANCIAL DATA

The following tables provide quarterly data for the years ended June 30, 2020 and 2019.

	Three Months Ended
	June 30,			March 31,			December 31,			September 30,
	2020			2020			2019			2019
	(amounts in thousands, except per share data)
Revenues	$	-		$	-		$	21		$	97
Operating expenses		7,390			5,713			5,662			4,960
Other income, net		91			331			397			362
Loss before income taxes		(7,299	)		(5,382	)		(5,244	)		(4,501	)
Income taxes		-			-			-			-
Net loss	$	(7,299	)	$	(5,382	)	$	(5,244	)	$	(4,501	)
Basic net loss per common share*	$	(0.03	)	$	(0.02	)	$	(0.02	)	$	(0.02	)
Diluted net loss per common share*	$	(0.03	)	$	(0.02	)	$	(0.02	)	$	(0.02	)
Weighted average number of
common shares outstanding
used in computing basic net
loss per common share		235,394,831			235,322,087			234,923,592			233,113,241
Weighted average number of
common shares outstanding
used in computing diluted net
income loss per common share		235,394,831			235,322,087			234,923,592			233,113,241

* Sum of quarters does not equal annual total due to rounding.

	Three Months Ended
	June 30,		March 31,			December 31,			September 30,
	2019		2019			2018			2018
	(amounts in thousands, except per share data)
Revenues	$	60,265	$	-		$	-		$	35
Operating expenses		8,080		5,763			5,050			5,663
Other income(expense), net		39		36			8			(54	)
Income (loss) before income taxes		52,224		(5,727	)		(5,042	)		(5,682	)
Income taxes		-		-			-			-
Net income (loss)	$	52,224	$	(5,727	)	$	(5,042	)	$	(5,682	)
Basic net income (loss) per common share	$	0.25	$	(0.03	)	$	(0.02	)	$	(0.03	)
Diluted net income (loss) per common share	$	0.23	$	(0.03	)	$	(0.02	)	$	(0.03	)
Weighted average number of
common shares outstanding
used in computing basic net
income (loss) per common share		212,253,194		207,016,304			206,487,984			205,009,278
Weighted average number of
common shares outstanding
used in computing diluted net
income (loss) per common share		228,526,106		207,016,304			206,487,984			205,009,278