Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash flows from operating activities:    
Net loss $ (2,524) $ (4,881)
Adjustments to reconcile net loss to net cash used in operating activities:    
Effect of Settlement Agreement (1,863) 0
Share-based compensation 835 1,009
Amortization of intangible assets 266 250
Depreciation 2 2
Loss on disposal of fixed assets 1 0
Change in fair value of derivative financial liability 0 (503)
Changes in operating assets and liabilities (149) 183
Net cash used in operating activities (3,432) (3,940)
Cash flows from investing activities:    
Additions to intangible assets (196) (154)
Purchases of fixed assets (4) (4)
Net cash used in investing activities (200) (158)
Cash flows from financing activities:    
Proceeds from sale of common stock 480 0
Proceeds from exercise of warrants 3,100 0
Costs to raise capital (29) 0
Net cash provided by financing activities 3,551 0
Net decrease in cash (81) (4,098)
Cash - beginning of period 4,414 5,624
Cash - end of period 4,333 1,526
Schedule of non-cash activities    
Unpaid intangible assets included in accounts payable 12 0
Unpaid intangible assets included in accrued expenses 20 0
Expiration of warrants $ 71 $ 0