XML 15 R5.htm IDEA: XBRL DOCUMENT v3.6.0.2
Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:    
Net income (loss) $ 7,615 $ (9,721)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Share-based compensation 1,411 1,568
Depreciation and amortization 29 30
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (1,837) (285)
Accounts payable (697) (415)
Accrued liabilities (1,495) (1,166)
Net cash provided by (used in) operating activities 5,026 (9,989)
Cash flows from investing activities:    
Purchases of property and equipment (2)  
Purchases of short-term investments (30,080) (35,172)
Proceeds from maturity of short-term investments 25,057 40,113
Net cash (used in) provided by investing activities (5,025) 4,941
Cash flows from financing activities:    
Net proceeds from issuance of common stock 4,212  
Net cash provided by financing activities 4,212  
Net increase (decrease) in cash and cash equivalents 4,213 (5,048)
Cash and cash equivalents at beginning of the period 10,837 18,722
Cash and cash equivalents at end of the period $ 15,050 $ 13,674