ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Jun. 30, 2017

Table Text Blocks

Schedule of liabilities measured at fair value on a recurring basis

The following table sets forth by level within the fair value hierarchy our financial assets and liabilities that were accounted for at fair value on a recurring basis as of June 30, 2017 (in thousands):

	Carrying
	Value at		Fair Value Measurement at June 30, 2017
	June 30, 2017		Level 1		Level 2		Level 3
Warrants derivative liability	$	2,030	$	—	$	—	$	2,030

Summary information regarding the warrant derivative liability

Summary information regarding the warrant derivative liability as of June 30, 2017 (in thousands):

	Warrant Derivative Liability
Warrant derivative liability as of June 30, 2016	$ -
Liabilities incurred	2,735
Unrealized gain	(705)
Warrant derivative liability as of June 30, 2017	$ 2,030