Annual report pursuant to Section 13 and 15(d)

Statements of Cash Flows

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Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Cash flows from operating activities:    
Net loss $ (6,198) $ (5,676)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 2 7
Amortization 336 323
Share-based compensation 1,263 2,683
Change in fair value of warrant derivative liability (520) (3,668)
Vendor concession - related party 0 100
Impairment of intangible assets 0 87
Other 3 0
Changes in operating assets and liabilities:    
Increase in accounts receivable - trade (656) (7)
(Increase) decrease in prepaid expenses and other current assets (289) 88
Decrease in accounts payable (445) (50)
Increase in accrued expenses 1,655 103
Net cash used in operating activities (4,849) (6,010)
Cash flows from investing activities:    
Additions to intangible assets (188) (244)
Purchases of fixed assets (7) (1)
Net cash used in investing activities (195) (245)
Cash flows from financing activities:    
Proceeds from issuance of common stock and warrants, net of expenses 3,834 9,036
Net cash provided by financing activities 3,834 9,036
Net (decrease) increase in cash (1,210) 2,781
Cash at beginning of year 5,624 2,843
Cash at end of year $ 4,414 $ 5,624