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Quarterly Financial Data (Tables) | 12 Months Ended
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Jun. 30, 2012
Summary of Quarterly Results of Operations | The following table summarizes the quarterly results of operations for the years ended June 30, 2012 and 2011:
|  | Fiscal Year 2012 |
|  | First Quarter Ended September 30, 2011 (1) |  |  | Second Quarter Ended December 31, 2011 (2) |  |  | Third Quarter Ended March 31, 2012 |  |  | Fourth Quarter Ended June 30, 2012 |  |  | Year Ended June 30, 2012 (1, 2) |
Total revenues |  | $ | 1,659 |  |  | $ | 630 |  |  | $ | 538 |  |  | $ | 699 |  |  | $ | 3,526 |
Operating loss |  |  | (2,531 | ) |  |  | (17,643 | ) |  |  | (2,727 | ) |  |  | (2,310 | ) |  |  | (25,211 | )
Net loss |  |  | (2,427 | ) |  |  | (17,460 | ) |  |  | (2,686 | ) |  |  | (2,262 | ) |  |  | (24,835 | )
Net loss per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic and diluted |  | $ | (0.12 | ) |  | $ | (0.84 | ) |  | $ | (0.13 | ) |  | $ | (0.11 | ) |  | $ | (1.19 | )
Weighted average common shares: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic and diluted |  |  | 20,757 |  |  |  | 20,803 |  |  |  | 20,803 |  |  |  | 20,803 |  |  |  | 20,791 |
|  | Fiscal Year 2011 |
|  | First Quarter Ended September 30, 2010 |  |  | Second Quarter Ended December 31, 2010 |  |  | Third Quarter Ended March 31, 2011 |  |  | Fourth Quarter Ended June 30, 2011 (3) |  |  | Year Ended June 30, 2011 (3) |
Total revenues |  | $ | 476 |  |  | $ | 414 |  |  | $ | 360 |  |  | $ | 3,715 |  |  | $ | 4,965 |
Operating loss |  |  | (3,435 | ) |  |  | (3,121 | ) |  |  | (3,139 | ) |  |  | (308 | ) |  |  | (10,003 | )
Net loss |  |  | (3,108 | ) |  |  | (2,695 | ) |  |  | (2,685 | ) |  |  | (140 | ) |  |  | (8,628 | )
Net loss per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic and diluted |  | $ | (0.17 | ) |  | $ | (0.15 | ) |  | $ | (0.13 | ) |  | $ | (0.01 | ) |  | $ | (0.44 | )
Weighted average common shares: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic and diluted |  |  | 18,531 |  |  |  | 18,531 |  |  |  | 20,177 |  |  |  | 20,745 |  |  |  | 19,489 |
(1) | Results for the first quarter of fiscal 2012 included $1.1 million of revenue related to the termination of a field-of-use license by Intrinsiq (see Note 3)
(2) | Results for the second quarter of fiscal 2012 included a $14.8 million impairment write-down of finite-lived intangible assets (see Note 4).
(3) | Results for the fourth quarter of fiscal 2011 included $3.3 million of revenue related to a material modification of the Pfizer collaborative research and license agreement in June 2011 (see Note 3).

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- Definition Tabular disclosure of the quarterly financial data in the annual financial statements. The disclosure includes financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=20225539&loc=d3e1280-108306 + Details
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