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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2017
Jun. 30, 2016
Current assets:    
Restricted cash $ 75  
Unrestricted cash and cash equivalents 2,454 $ 10,327
Prepaid expenses 35 1,294
Other current assets 110 6
Total current assets 2,674 11,627
Property and equipment, net of accumulated depreciation of $2,109 and $2,075 51 51
Total long-term assets: 51 51
Total assets 2,725 11,678
Current Liabilities:    
Accounts payable and accrued expenses 4,682 1,743
Total current liabilities 4,682 1,743
Warrants derivative liability 2,030  
Total Liabilities 6,712 1,743
Commitments and contingencies (Note 8)
Shareholders' (deficit) equity:    
Preferred stock, $0.001 par value; 20,000,000 authorized, 1,951 and 1,791 shares issued and outstanding as of June 30, 2017 and -0- issued and outstanding on June 30, 2016
Common stock, $0.001 par value, 87,000,000 shares authorized; 27,405,283 and 21,046,591 shares issued and outstanding as of June 30, 2017 and June 30, 2016, respectively 175 169
Additional paid-in capital 325,355 317,757
Accumulated deficit (329,517) (307,991)
Total shareholders' (deficit) equity (3,987) 9,935
Total liabilities and shareholders' (deficit) equity $ 2,725 $ 11,678