Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Sep. 30, 2018 | Nov. 09, 2018 | |
Document Information [Line Items] | ||
Entity Registrant Name | IsoRay, Inc. | |
Entity Central Index Key | 728,387 | |
Trading Symbol | isr | |
Current Fiscal Year End Date | --06-30 | |
Entity Filer Category | Non-accelerated Filer | |
Entity Current Reporting Status | Yes | |
Entity Emerging Growth Company | false | |
Entity Small Business | true | |
Entity Common Stock, Shares Outstanding (in shares) | 67,331,147 | |
Document Type | 10-Q | |
Document Period End Date | Sep. 30, 2018 | |
Document Fiscal Year Focus | 2,019 | |
Document Fiscal Period Focus | Q1 | |
Amendment Flag | false |
Consolidated Balance Sheets (Cu
Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Sep. 30, 2018 | Jun. 30, 2018 |
Current assets: | ||
Cash and cash equivalents | $ 2,193 | $ 2,600 |
Short-term investments (Note 3) | 7,000 | 825 |
Accounts receivable, net of allowance for doubtful accounts of $26 and $26, respectively | 1,071 | 1,192 |
Inventory | 487 | 494 |
Prepaid expenses and other current assets | 517 | 335 |
Total current assets | 11,268 | 5,446 |
Property and equipment, net | 1,394 | 1,311 |
Restricted cash | 181 | 181 |
Inventory, non-current | 316 | 319 |
Other assets, net of accumulated amortization | 185 | 198 |
Total assets | 13,344 | 7,455 |
Current liabilities: | ||
Accounts payable and accrued expenses | 1,167 | 1,391 |
Accrued protocol expense | 125 | 77 |
Accrued radioactive waste disposal | 45 | 37 |
Accrued payroll and related taxes | 125 | 155 |
Accrued vacation | 175 | 175 |
Total current liabilities | 1,637 | 1,835 |
Long-term liabilities: | ||
Asset retirement obligation | 598 | 590 |
Total liabilities | 2,235 | 2,425 |
Commitments and contingencies (Note 8) | ||
Shareholders' equity: | ||
Common stock, $.001 par value; 192,998,329 shares authorized; 67,331,147 and 56,331,147 shares issued and outstanding | 67 | 56 |
Additional paid-in capital | 91,898 | 84,322 |
Accumulated deficit | (80,856) | (79,348) |
Total shareholders' equity | 11,109 | 5,030 |
Total liabilities and shareholders' equity | 13,344 | 7,455 |
Series A Preferred Stock [Member] | ||
Shareholders' equity: | ||
Preferred stock, value, issued | 0 | 0 |
Series B Preferred Stock [Member] | ||
Shareholders' equity: | ||
Preferred stock, value, issued | 0 | 0 |
Series C Preferred Stock [Member] | ||
Shareholders' equity: | ||
Preferred stock, value, issued | 0 | 0 |
Series D Preferred Stock [Member] | ||
Shareholders' equity: | ||
Preferred stock, value, issued | $ 0 | $ 0 |
Consolidated Balance Sheets (_2
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands | Sep. 30, 2018 | Jun. 30, 2018 |
Allowance for doubtful accounts receivable,current | $ 26 | $ 26 |
Preferred stock, shares authorized (in shares) | 7,001,671 | 7,001,671 |
Preferred stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Common stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Common stock, shares authorized (in shares) | 192,998,329 | 192,998,329 |
Common stock, shares issued (in shares) | 67,331,147 | 56,331,147 |
Common stock, shares outstanding (in shares) | 67,331,147 | 56,331,147 |
Series A Preferred Stock [Member] | ||
Preferred stock, shares authorized (in shares) | 1,000,000 | 1,000,000 |
Preferred stock, shares issued (in shares) | 0 | 0 |
Preferred stock, shares outstanding (in shares) | 0 | 0 |
Preferred stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Series B Preferred Stock [Member] | ||
Preferred stock, shares authorized (in shares) | 5,000,000 | 5,000,000 |
Preferred stock, shares issued (in shares) | 59,065 | 59,065 |
Preferred stock, shares outstanding (in shares) | 59,065 | 59,065 |
Series C Preferred Stock [Member] | ||
Preferred stock, shares authorized (in shares) | 1,000,000 | 1,000,000 |
Preferred stock, shares issued (in shares) | 0 | 0 |
Preferred stock, shares outstanding (in shares) | 0 | 0 |
Series D Preferred Stock [Member] | ||
Preferred stock, shares authorized (in shares) | 1,671 | 1,671 |
Preferred stock, shares issued (in shares) | 0 | 0 |
Preferred stock, shares outstanding (in shares) | 0 | 0 |
Consolidated Statements of Oper
Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
Product sales, net | $ 1,562 | $ 1,211 |
Cost of product sales | 1,038 | 946 |
Gross profit | 524 | 265 |
Research and development | ||
Propriety research and development | 394 | 287 |
Collaboration arrangement, net of reimbursement | 26 | 75 |
Total research and development | 420 | 362 |
Sales and marketing | 649 | 614 |
General and administrative | 973 | 841 |
Total operating expenses | 2,042 | 1,817 |
Operating loss | (1,518) | (1,552) |
Non-operating income: | ||
Interest income, net | 10 | 6 |
Non-operating income, net | 10 | 6 |
Net loss | (1,508) | (1,546) |
Preferred stock dividends | (3) | (3) |
Net loss applicable to common shareholders | $ (1,511) | $ (1,549) |
Basic and diluted loss per share (in dollars per share) | $ (0.02) | $ (0.03) |
Weighted average shares used in computing net loss per share: | ||
Basic and diluted (in shares) | 66,147 | 55,017 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||
Net loss | $ (1,508,000) | $ (1,546,000) |
Adjustments to reconcile net loss to net cash used by operating activities: | ||
Depreciation expense | 32,000 | 18,000 |
Amortization of other assets | 12,000 | 13,000 |
Accretion of asset retirement obligation | 8,000 | 7,000 |
Share-based compensation | 93,000 | 90,000 |
Changes in operating assets and liabilities: | ||
Accounts receivable, gross | 121,000 | (17,000) |
Inventory | 10,000 | (44,000) |
Prepaid expenses and other current assets | (182,000) | (143,000) |
Accounts payable and accrued expenses | (224,000) | 181,000 |
Accrued protocol expense | 48,000 | (10,000) |
Accrued radioactive waste disposal | 9,000 | (114,000) |
Accrued payroll and related taxes | (30,000) | (104,000) |
Accrued vacation | (1,000) | 8,000 |
Net cash used by operating activities | (1,612,000) | (1,661,000) |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||
Additions to property and equipment | (114,000) | (54,000) |
Proceeds from maturity of certificates of deposit | 575,000 | 3,043,000 |
Purchases of and interest from certificates of deposit and U.S. Treasury Securities | (6,750,000) | (3,304,000) |
Net cash used by investing activities | (6,289,000) | (315,000) |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||
Proceeds from sales of common stock and warrants, pursuant to registered direct offering, net | 7,494,000 | |
Net cash provided by financing activities | 7,494,000 | |
Net decrease in cash, cash equivalents, and restricted cash | (407,000) | (1,976,000) |
Cash, cash equivalents, and restricted cash beginning of quarter | 2,781,000 | 6,113,000 |
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH END OF QUARTER | 2,374,000 | 4,137,000 |
Reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets: | ||
Total cash, cash equivalents, and restricted cash shown on the consolidated statement of cashflows | 2,781,000 | 6,113,000 |
Non-cash financing activities: | ||
Warrants issued to placement agent of registered direct offering | $ 163,000 |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation | 3 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block] | 1. Basis of Presentation The accompanying unaudited interim consolidated financial statements are those of IsoRay, Inc., and its wholly-owned subsidiaries, referred to herein as “IsoRay” or the “Company”. All significant intercompany accounts and transactions have been eliminated in the consolidation. In the opinion of management, all adjustments necessary for the fair presentation of the consolidated financial statements have been included. These unaudited interim consolidated financial statements should be read in conjunction with our audited consolidated financial statements and related footnotes as set forth in the Company’s annual report filed on Form 10 June 30, 2018. The unaudited consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (SEC). Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States (GAAP) have been condensed or omitted pursuant to those rules and regulations, although we believe that the disclosures are adequate for the information not Certain prior period amounts have been reclassified to conform to the current period’s presentation. The results of operations for the periods presented may not may 2019 0%. |
Note 2 - New Accounting Standar
Note 2 - New Accounting Standards | 3 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Description of New Accounting Pronouncements Not yet Adopted [Text Block] | 2. New Accounting Standards In May 2014, No. 2014 09 605 10 five first 2019. first 2019 2014 09 not not In February 2016, 2016 02 842 December 15, 2018. first 2020. In August 2016, No. 2016 15 230 eight December 15, 2017, 2016 15 July 1, 2018. 2016 15 not In November 2016, 2016 18, 230 2016 18 no one 2016 18 December 15, 2017 2016 18 first 2019. $181,000 first Other accounting standards that have been issued or proposed by FASB that do not not not not |
Note 3 - Short-term Investments
Note 3 - Short-term Investments | 3 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Cost-method Investments, Description [Text Block] | 3. Short- Term Investments The Company had short-term investments consisting of U.S. Treasury Securities and Certificate of Deposit Account Registry Service (CDARS) as of September 30, 2018 June 30, 2018 CDARS is a system that allows the Company to invest in certificates of deposit through a single financial institution that exceed the $250,000 Short-term investments held by the Company as of September 30, 2018 June 30, 2018 As of September 30, 2018 Under 90 91 days to Six months to Greater Days six months 1 year than 1 year U.S. Treasury Securities $ 2,333 $ 2,333 $ 2,334 $ - As of June 30, 2018 Under 90 91 days to Six months to Greater Days six months 1 year than 1 year CDARS $ 825 $ - $ - $ - |
Note 4 - Loss Per Share
Note 4 - Loss Per Share | 3 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | 4. Loss per Share Basic and diluted earnings (loss) per share are calculated by dividing net income (loss) available to common shareholders by the weighted average number of common shares outstanding, and does not September 30, 2018 2017, not Securities not September 30, 2018 2017, September 30, 2018 2017 Series B preferred stock 59 59 Common stock warrants 6,080 - Common stock options 3,794 3,395 Total potential dilutive securities 9,933 3,454 |
Note 5 - Inventory
Note 5 - Inventory | 3 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Inventory Disclosure [Text Block] | 5. Inventory Inventory consisted of the following at September 30, 2018 June 30, 2018 ( September 30, June 30, 2018 2018 Raw materials $ 348 $ 371 Work in process 102 96 Finished goods 37 27 Total inventory, current $ 487 $ 494 September 30, June 30, 2018 2018 Enriched barium, non-current $ 272 $ 276 Raw materials, non-current 44 43 Total inventory, non-current $ 316 $ 319 Inventory, non-current represents raw materials that were ordered in quantities to obtain volume cost discounts which based on current and anticipated sales volumes will not August 25, 2017, 130 131 4,000 131. September 30, 2018, 230 June 30, 2018, 2,399 430 June 30, 2019, 1,969 June 30, 2019. no third 131 |
Note 6 - Property and Equipment
Note 6 - Property and Equipment | 3 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Property, Plant and Equipment Disclosure [Text Block] | 6. Property and Equipment Property and equipment consisted of the following at September 30, 2018 June 30, 2018 ( September 30, June 30, 2018 2018 Land $ 366 $ 366 Equipment 4,153 4,152 Leasehold improvements 4,136 4,136 Other 1 437 328 Property and equipment 9,092 8,982 Less accumulated depreciation (7,698 ) (7,671 ) Property and equipment, net $ 1,394 $ 1,311 1. not no September 30, 2018 June 30, 2018 $207,000 |
Note 7 - Share-based Compensati
Note 7 - Share-based Compensation | 3 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | 7. Share-Based Compensation The following table presents the share-based compensation expense recognized during the three September 30, 2018 2017 Three Months 2018 2017 Cost of product sales $ 10 $ 16 Research and development expenses 18 19 Sales and marketing expenses 22 17 General and administrative expenses 43 38 Total share-based compensation $ 93 $ 90 As of September 30, 2018, $615,000 1.12 A summary of stock options within the Company’s share-based compensation plans as of September 30, 2018 Weighted Weighted Average Number of Exercise Contractual Intrinsic As of September 30, 2018 Options Price Term (Years) Value Outstanding 3,787 $ 0.69 7.55 $ 128 Vested and expected to vest 3,779 $ 0.68 7.55 $ 128 Vested and exercisable 2,082 $ 0.82 6.15 $ 78 There were no three September 30, 2018 2017, There were 82,500 75,000 $35,000 $33,000 three September 30, 2018 2017, There were 10,000 no three September 30, 2018 2017, There were 38,750 59,666 three September 30, 2018 2017, |
Note 8 - Commitments and Contin
Note 8 - Commitments and Contingencies | 3 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | 8. Commitments and Contingencies Isotope Purchase Agreement In December 2015, 131 one 131. March 31, 2017, December 2016 December 31, 2017. October 23, 2017, 131 December 31, 2018. March 19, 2018, 131 December 31, 2018. Research and Development - Collaborative Arrangement On March 13, 2017, November 8, 2016, During the three September 30, 2018 2017, $116,000 $147,000, As of September 30, 2018 June 30, 2018, $82,000 $22,000 |
Note 9 - Fair Value Measurement
Note 9 - Fair Value Measurements | 3 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | 9. Fair Value Measurements The following table sets forth the Company’s financial assets and liabilities measured at fair value on a recurring basis by level within the fair value hierarchy. Assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement (in thousands): Fair Value at September 30, 2018 Total Level 1 Level 2 Level 3 Cash and cash equivalents $ 2,193 $ 2,193 $ - $ - Fair Value at June 30, 2018 Total Level 1 Level 2 Level 3 Cash and cash equivalents $ 2,600 $ 2,600 $ - $ - The Company’s cash and cash equivalent instruments are classified within Level 1 |
Note 10 - Related Party Transac
Note 10 - Related Party Transactions | 3 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | 10 . Related Party Transaction s There were no three September 30, 2018 2017. |
Note 11 - Concentrations of Cre
Note 11 - Concentrations of Credit and Other Risks | 3 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Concentration Risk Disclosure [Text Block] | 11 . Concentrations of Credit and Other Risks One group of customers, facilities or physician practices accounts for revenues that aggregate to greater than 10% not 10% one Three months ended September 30, September 30, Facility 2018 2017 El Camino Hospital of Los Gatos, & other facilities 25.18% 25.98% The Company routinely assesses the financial strength of its customers and provides an allowance for doubtful accounts as necessary. |
Note 12 - Stockholders' Equity
Note 12 - Stockholders' Equity | 3 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | 1 2 . Stockholders’ Equity On July 11, 2018, 11,000,000 $0.75, $8.25 $0.75 In a concurrent private placement, the Company sold to each Investor, at no 50% 5,500,000 $0.75 January 11, 2019 January 11, 2024 ( 330,000 $0.9375, The aggregate number of shares of our common stock issuable upon the exercise of the Warrants is 5,830,000 |
Note 13 - Contracts With Custom
Note 13 - Contracts With Customers | 3 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Revenue from Contract with Customer [Text Block] | 13. Contracts with Customers We have adopted ASC 606, Revenue from Contracts with Customers July 1, 2018 not July 1, 2018 . five 2019 606, not 605, Revenue Recognition We routinely enter into agreements with customers that include general commercial terms and conditions, notification requirements for price increases, shipping terms and in most cases prices for the products that we offer. However, these agreements do not no not not not not not Revenues for all products are typically recognized at the time the product is shipped, at which time the title passes to the customer, and there are no Sources of Revenue We have identified the following revenues disaggregated by revenue source: 1. Domestic Physicians – direct sales of products. 2. International – direct sales of products. For the three September 30, 2018 2017 Contract Balances We incur agreement obligations on general customer purchase orders and e-mails that have been accepted but unfulfilled. Due to the short duration of time between order acceptance and delivery of the related product, we have determined that the balance related to these obligations is generally immaterial at any point in time. We monitor the value of orders accepted but unfulfilled at the close of each reporting period to determine if disclosure is appropriate. Warranty Our general product warranties do not not Returns Generally, we allow returns if not Significant Judgments in the Application of the Guidance in ASC 606 There are no Commissions and Contract Costs We pay and expense commissions on orders to our sales team upon satisfaction of our performance obligations. We generally do not Practical Expedients Our payment terms for sales direct to customers and distributors are substantially less than the one Shipping and Handling Charges Fees charged to customers for shipping and handling of products are included as revenue and the costs for shipping and handling of products are included as a component of cost of products. Taxes Collected from Customers As our products are used in another service and are exempt, to this point we have not Effective Date and Transition Disclosures Adoption of the new standards related to revenue recognition did not not |
Note 14 - Subsequent Events
Note 14 - Subsequent Events | 3 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | 1 4 . Subsequent Events On October 19, 2018, 1 5,830,000 July 11, 2018 $8,250,000. may $4,434,375 January 11, 2019. On November 7, 2018, Amendment Rights Agent Rights Agreement February 1, 2007, November 7, 2018, 5:00 November 7, 2018, no no |
Note 3 - Short-term Investmen_2
Note 3 - Short-term Investments (Tables) | 3 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Schedule of Cost Method Investments [Table Text Block] | As of September 30, 2018 Under 90 91 days to Six months to Greater Days six months 1 year than 1 year U.S. Treasury Securities $ 2,333 $ 2,333 $ 2,334 $ - As of June 30, 2018 Under 90 91 days to Six months to Greater Days six months 1 year than 1 year CDARS $ 825 $ - $ - $ - |
Note 4 - Loss Per Share (Tables
Note 4 - Loss Per Share (Tables) | 3 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block] | September 30, 2018 2017 Series B preferred stock 59 59 Common stock warrants 6,080 - Common stock options 3,794 3,395 Total potential dilutive securities 9,933 3,454 |
Note 5 - Inventory (Tables)
Note 5 - Inventory (Tables) | 3 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Schedule of Inventory, Current [Table Text Block] | September 30, June 30, 2018 2018 Raw materials $ 348 $ 371 Work in process 102 96 Finished goods 37 27 Total inventory, current $ 487 $ 494 |
Schedule of Inventory, Noncurrent [Table Text Block] | September 30, June 30, 2018 2018 Enriched barium, non-current $ 272 $ 276 Raw materials, non-current 44 43 Total inventory, non-current $ 316 $ 319 |
Note 6 - Property and Equipme_2
Note 6 - Property and Equipment (Tables) | 3 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Property, Plant and Equipment [Table Text Block] | September 30, June 30, 2018 2018 Land $ 366 $ 366 Equipment 4,153 4,152 Leasehold improvements 4,136 4,136 Other 1 437 328 Property and equipment 9,092 8,982 Less accumulated depreciation (7,698 ) (7,671 ) Property and equipment, net $ 1,394 $ 1,311 |
Note 7 - Share-based Compensa_2
Note 7 - Share-based Compensation (Tables) | 3 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block] | Three Months 2018 2017 Cost of product sales $ 10 $ 16 Research and development expenses 18 19 Sales and marketing expenses 22 17 General and administrative expenses 43 38 Total share-based compensation $ 93 $ 90 |
Share-based Compensation Arrangements by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding [Table Text Block] | Weighted Weighted Average Number of Exercise Contractual Intrinsic As of September 30, 2018 Options Price Term (Years) Value Outstanding 3,787 $ 0.69 7.55 $ 128 Vested and expected to vest 3,779 $ 0.68 7.55 $ 128 Vested and exercisable 2,082 $ 0.82 6.15 $ 78 |
Note 9 - Fair Value Measureme_2
Note 9 - Fair Value Measurements (Tables) | 3 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | Fair Value at September 30, 2018 Total Level 1 Level 2 Level 3 Cash and cash equivalents $ 2,193 $ 2,193 $ - $ - Fair Value at June 30, 2018 Total Level 1 Level 2 Level 3 Cash and cash equivalents $ 2,600 $ 2,600 $ - $ - |
Note 11 - Concentrations of C_2
Note 11 - Concentrations of Credit and Other Risks (Tables) | 3 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Schedules of Concentration of Risk, by Risk Factor [Table Text Block] | Three months ended September 30, September 30, Facility 2018 2017 El Camino Hospital of Los Gatos, & other facilities 25.18% 25.98% |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation (Details Textual) | 3 Months Ended |
Sep. 30, 2018 | |
Effective Income Tax Rate Reconciliation, Percent, Total | 0.00% |
Note 2 - New Accounting Stand_2
Note 2 - New Accounting Standards (Details Textual) - USD ($) | Sep. 30, 2018 | Jun. 30, 2018 | Dec. 15, 2017 | Sep. 30, 2017 | Jun. 30, 2017 |
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Ending Balance | $ 2,374,000 | $ 2,781,000 | $ 4,137,000 | $ 6,113,000 | |
Accounting Standards Update 2016-18 [Member] | |||||
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Ending Balance | $ 181,000 |
Note 3 - Short-Term Investmen_3
Note 3 - Short-Term Investments - Summary of Short- Term Investments (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Jun. 30, 2018 |
Short-term investments (Note 3) | $ 7,000 | $ 825 |
Under 90 Days [Member] | US Treasury and Government Short-term Debt Securities [Member] | ||
Short-term investments (Note 3) | 2,333 | |
Under 90 Days [Member] | Certificates of Deposit [Member] | ||
Short-term investments (Note 3) | 825 | |
For 91 Days to Six Months [Member] | US Treasury and Government Short-term Debt Securities [Member] | ||
Short-term investments (Note 3) | 2,333 | |
For 91 Days to Six Months [Member] | Certificates of Deposit [Member] | ||
Short-term investments (Note 3) | ||
Six Months to 1 Year [Member] | US Treasury and Government Short-term Debt Securities [Member] | ||
Short-term investments (Note 3) | 2,334 | |
Six Months to 1 Year [Member] | Certificates of Deposit [Member] | ||
Short-term investments (Note 3) | ||
Greater than 1 Year [Member] | US Treasury and Government Short-term Debt Securities [Member] | ||
Short-term investments (Note 3) | ||
Greater than 1 Year [Member] | Certificates of Deposit [Member] | ||
Short-term investments (Note 3) |
Note 4 - Loss Per Share - Antid
Note 4 - Loss Per Share - Antidilutive Securities (Details) - shares shares in Thousands | 3 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
Antidilutive securities (in shares) | 9,933 | 3,454 |
Series B Preferred Stock [Member] | ||
Antidilutive securities (in shares) | 59 | 59 |
Warrant [Member] | ||
Antidilutive securities (in shares) | 6,080 | |
Employee Stock Option [Member] | ||
Antidilutive securities (in shares) | 3,794 | 3,395 |
Note 5 - Inventory - Current In
Note 5 - Inventory - Current Inventory (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Jun. 30, 2018 |
Raw materials | $ 348 | $ 371 |
Work in process | 102 | 96 |
Finished goods | 37 | 27 |
Total inventory, current | $ 487 | $ 494 |
Note 5 - Inventory - Noncurrent
Note 5 - Inventory - Noncurrent Inventory (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Jun. 30, 2018 |
Total inventory, non-current | $ 316 | $ 319 |
Enriched Barium Inventory [Member] | ||
Total inventory, non-current | 272 | 276 |
Raw Materials [Member] | ||
Total inventory, non-current | $ 44 | $ 43 |
Note 6 - Property and Equipme_3
Note 6 - Property and Equipment (Details Textual) - USD ($) | 3 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Jun. 30, 2018 | |
Depreciation, Total | $ 32,000 | $ 18,000 | |
Other [Member] | |||
Depreciation, Total | 0 | ||
Construction in Progress [Member] | |||
Capitalized Costs Related to Advance Planning and Design Work | $ 207,000 | $ 207,000 |
Note 6 - Property and Equipme_4
Note 6 - Property and Equipment - Summary of Property and Equipment (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Jun. 30, 2018 | |
Property and equipment, gross | $ 9,092 | $ 8,982 | |
Less accumulated depreciation | (7,698) | (7,671) | |
Property and equipment, net | 1,394 | 1,311 | |
Land [Member] | |||
Property and equipment, gross | 366 | 366 | |
Equipment [Member] | |||
Property and equipment, gross | 4,153 | 4,152 | |
Leasehold Improvements [Member] | |||
Property and equipment, gross | 4,136 | 4,136 | |
Other [Member] | |||
Property and equipment, gross | [1] | $ 437 | $ 328 |
[1] | Plant and equipment, not placed in service are items that meet the capitalization threshold or which management believes will meet the threshold at the time of completion and which have yet to be placed into service as of the date of the balance sheet, and therefore, no depreciation expense has been recognized. Also included at September 30, 2018 and June 30, 2018 are costs associated with advance planning and design work on the Company’s new production facility of $207,000 |
Note 7 - Share-based Compensa_3
Note 7 - Share-based Compensation (Details Textual) - USD ($) | 3 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Total | $ 615,000 | |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | 1 year 43 days | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period | 0 | 0 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 82,500 | 75,000 |
Share-based Compensation Arrangement By Share-based Payment Award Options Grants in Period Fair Value | $ 35,000 | $ 33,000 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Expirations in Period | 10,000 | 0 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period | 38,750 | 59,666 |
Note 7 - Share-based Compensa_4
Note 7 - Share-based Compensation - Share-based Compensation Expense (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
Share-based compensation | $ 93 | $ 90 |
Cost of Sales [Member] | ||
Share-based compensation | 10 | 16 |
Research and Development Expense [Member] | ||
Share-based compensation | 18 | 19 |
Selling and Marketing Expense [Member] | ||
Share-based compensation | 22 | 17 |
General and Administrative Expense [Member] | ||
Share-based compensation | $ 43 | $ 38 |
Note 7 - Share-based Compensa_5
Note 7 - Share-based Compensation - Summary of Stock Option (Details) $ / shares in Units, shares in Thousands, $ in Thousands | 3 Months Ended | |
Sep. 30, 2018USD ($)$ / sharesshares | ||
Outstanding (in shares) | shares | 3,787 | |
Outstanding (in dollars per share) | $ / shares | $ 0.69 | |
Outstanding (Year) | 7 years 200 days | |
Outstanding | $ | $ 128 | |
Vested and expected to vest, Options (in shares) | shares | 3,779 | |
Vested and expected to vest, Price (in dollars per share) | $ / shares | $ 0.68 | [1] |
Vested and expected to vest, Life (Year) | 7 years 200 days | [2] |
Vested and expected to vest, Value | $ | $ 128 | [3] |
Vested and exercisable (in shares) | shares | 2,082 | |
Vested and exercisable (in dollars per share) | $ / shares | $ 0.82 | |
Vested and exercisable (Year) | 6 years 54 days | |
Vested and exercisable | $ | $ 78 | |
[1] | Weighted average exercise price per share. | |
[2] | Weighted average remaining contractual life. | |
[3] | Aggregate intrinsic value (in thousands). |
Note 8 - Commitments and Cont_2
Note 8 - Commitments and Contingencies (Details Textual) - USD ($) | 1 Months Ended | 3 Months Ended | ||
Dec. 31, 2015 | Sep. 30, 2018 | Sep. 30, 2017 | Jun. 30, 2018 | |
Purchase Obligation Agreement Period | 1 year | |||
Research and Development Expense, Total | $ 420,000 | $ 362,000 | ||
Receivables, Net, Current, Total | 1,071,000 | $ 1,192,000 | ||
Collaborative Development Agreement [Member] | ||||
Research and Development Expense, Total | 116,000 | $ 147,000 | ||
Collaborative Development Agreement [Member] | GammaTile LLC [Member] | ||||
Receivables, Net, Current, Total | $ 82,000 | $ 22,000 |
Note 9 - Fair Value Measureme_3
Note 9 - Fair Value Measurements - Assets and Liabilities Measured on a Recurring Basis (Details) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Thousands | Sep. 30, 2018 | Jun. 30, 2018 |
Cash and cash equivalents | $ 2,193 | $ 2,600 |
Fair Value, Inputs, Level 1 [Member] | ||
Cash and cash equivalents | 2,193 | 2,600 |
Fair Value, Inputs, Level 2 [Member] | ||
Cash and cash equivalents | ||
Fair Value, Inputs, Level 3 [Member] | ||
Cash and cash equivalents |
Note 10 - Related Party Trans_2
Note 10 - Related Party Transactions (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
Related Party Transaction, Amounts of Transaction | $ 0 | $ 0 |
Note 11 - Concentrations of C_3
Note 11 - Concentrations of Credit and Other Risks - Revenue Concentration (Details) | 3 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
Sales Revenue, Goods, Net [Member] | ||
El Camino Hospital of Los Gatos, & other facilities | 25.18% | 25.98% |
Note 12 - Stockholders' Equity
Note 12 - Stockholders' Equity (Details Textual) - USD ($) | Jul. 11, 2018 | Sep. 30, 2018 | Sep. 30, 2017 |
Proceeds from Issuance of Common Stock | $ 8,250,000 | $ 7,494,000 | |
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 5,830,000 | ||
Private Placement [Member] | |||
Stock Issued During Period, Shares, New Issues | 11,000,000 | ||
Shares Issued, Price Per Share | $ 0.75 | ||
Proceeds from Issuance of Common Stock | $ 8,250,000 | ||
Payments of Stock Issuance Costs | $ 750,000 | ||
Class of Warrant Or Right, Authorized, Percentage | 50.00% | ||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 5,500,000 | ||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.75 | ||
Private Placement [Member] | H.C. Wainwright & Co., LLC [Member] | |||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 330,000 | ||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.9375 |
Note 14 - Subsequent Events (De
Note 14 - Subsequent Events (Details Textual) - USD ($) | Jul. 11, 2018 | Sep. 30, 2018 | Sep. 30, 2017 |
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 5,830,000 | ||
Proceeds from Issuance of Common Stock | $ 8,250,000 | $ 7,494,000 | |
Class of Warrant or Right, Proceeds Upon Exercise | $ 4,434,375 |