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Income Taxes (Tables) | 12 Months Ended
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Jun. 30, 2020
Pre-Tax loss Information | Pre-tax loss consists of the following jurisdictions (in thousands):
|  | Years Ended June 30, |
|  | 2020 |  |  | 2019 |  |  | 2018 |
Domestic |  | $ | (46,016 | ) |  | $ | (16,819 | ) |  | $ | (40,068 | )
Foreign |  |  | — |  |  |  | — |  |  |  | — |
Pre-tax loss |  | $ | (46,016 | ) |  | $ | (16,819 | ) |  | $ | (40,068 | )
Reconciliation of Income Taxes Computed at U.S Federal Statutory Tax Rates to Income Tax Expense | The reconciliation of income tax computed at the U.S. federal statutory tax rates to income tax expense is as follows (in thousands):
|  | Years Ended June 30, |
|  | 2020 |  |  | 2019 |  |  | 2018 |
|  | $ |  |  | % |  |  | $ |  |  | % |  |  | $ |  |  | % |
Tax benefit (expense) at U.S. statutory rates |  | $ | 9,663 |  |  |  | 21 | % |  | $ | 3,532 |  |  |  | 21 | % |  | $ | 11,019 |  |  |  | 28 | %
State tax |  |  | 9 |  |  |  | 0 | % |  |  | 86 |  |  |  | 1 | % |  |  | (5,370 | ) |  |  | -13 | %
Warrant liability costs |  |  | (4,803 | ) |  |  | -10 | % |  |  | 5,803 |  |  |  | 35 | % |  |  | (3,320 | ) |  |  | -8 | %
Equity compensation |  |  | (2 | ) |  |  | 0 | % |  |  | 138 |  |  |  | 1 | % |  |  | (837 | ) |  |  | -2 | %
(Increase) decrease in valuation allowance |  |  | (4,230 | ) |  |  | -9 | % |  |  | (9,082 | ) |  |  | -54 | % |  |  | 14,914 |  |  |  | 37 | %
Revaluation of deferred taxes |  |  | — |  |  |  | 0 | % |  |  | — |  |  |  | 0 | % |  |  | (15,870 | ) |  |  | -40 | %
Other |  |  | (638 | ) |  |  | -1 | % |  |  | (478 | ) |  |  | -3 | % |  |  | (537 | ) |  |  | -1 | %
|  | $ | (1 | ) |  |  | 0 | % |  | $ | (1 | ) |  |  | 0 | % |  | $ | (1 | ) |  |  | 0 | %
Deferred Tax Liabilities and Assets | Deferred tax liabilities and assets are comprised of the following (in thousands):
|  | June 30, |
|  | 2020 |  |  | 2019 |
Deferred tax assets: |  |  |  |  |  |  |  |
Deferred revenue |  | $ | 17,325 |  |  | $ | 1,635 |
Fixed and intangible assets |  |  | 18,832 |  |  |  | 15,328 |
Share-based payments |  |  | 3,834 |  |  |  | 3,081 |
Tax losses carried forward |  |  | 2,214 |  |  |  | 18,510 |
Compensation accruals |  |  | 709 |  |  |  | 85 |
Consultant and other accruals |  |  | 20 |  |  |  | 41 |
Charitable contributions |  |  | — |  |  |  | 22 |
Total deferred tax assets |  |  | 42,934 |  |  |  | 38,702 |
Valuation allowance for deferred tax assets |  |  | (42,934 | ) |  |  | (38,702 | )
Net deferred tax assets and liabilities |  | $ | — |  |  | $ | — |

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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319 + Details
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- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)(1)(i)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
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