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QUARTERLY RESULTS (UNAUDITED)
 12 Months Ended
Jun. 30, 2015
QUARTERLY RESULTS (UNAUDITED)  
QUARTERLY RESULTS (UNAUDITED)

10. QUARTERLY RESULTS (UNAUDITED)

        Shown below are selected unaudited quarter data for the years ended June 30, 2015 and 2014 (in thousands, except per share data):

                                                                                                                                                                                    

 

 

First Quarter

 

Second Quarter

 

Third Quarter

 

Fourth Quarter

 

2015:

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation

 

$
86

 

$
69

 

$
49

 

$
33

 

General, administrative and other operating

 

 
3,962

 

 
3,633

 

 
2,721

 

 
2,841

 

Loss from operations

 

 
(4,048

)

 
(3,702

)

 
(2,770

)

 
(2,874

)

Net loss

 

 
(4,047

)

 
(3,701

)

 
(2,770

)

 
(2,874

)

Basic and diluted loss per common share:

 

$
(0.19

)

$
(0.18

)

$
(0.13

)

$
0.14

 

 

                                                                                                                                                                                    

 

 

First Quarter

 

Second Quarter

 

Third Quarter

 

Fourth Quarter

 

2014:

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation

 

$
110

 

$
111

 

$
97

 

$
82

 

General, administrative and other operating

 

 
4,368

 

 
8,262

 

 
8,095

 

 
6,732

 

Gain on legal settlement

 

 

—

 

 

—

 

 

—

 

 
(10,734

)

Gain (Loss) from operations

 

 
(4,478

)

 
(8,373

)

 
(8,192

)

 
3,920

 

Net income (loss)

 

 
(4,454

)

 
(8,353

)

 
(8,235

)

 
3,925

 

Basic and diluted income (loss) per common share:

 

$
(0.21

)

$
(0.40

)

$
(0.39

)

$
0.19

 

        The sum of the individual quarterly net loss per share amounts may not agree with year-to-date net loss per share as each quarterly computation is based on the weighted average number of common shares outstanding during that period. In addition, certain potentially dilutive securities were not included in any of the quarterly computations of diluted net loss per share because to do so would have been antidilutive.