Net loss was $(6.1) million, or $(0.16) per basic and diluted share for the three months ended June 30, 2016, as compared to a net loss of $(15.7) million, or $(1.17) per basic and diluted share for the three months ended June 30, 2015.

As of June 30, 2016, the Company maintained cash and cash equivalents of $11.3 million, working capital of $14.4 million and no convertible notes or debt on the balance sheet.