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
 3 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities:    
Net (loss) income $ (1,410) $ 379
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Share-based compensation 253 235
Amortization of intangible assets 88 87
Depreciation 1 1
Changes in operating assets and liabilities    
Accounts receivable - trade 205 0
Accounts receivable - unbilled (555) 0
Prepaid expenses and other current assets 38 1,020
Accounts payable 200 (1,088)
Accrued expenses 610 (1,545)
Net cash used in operating activities (570) (911)
Cash flows from investing activities:    
Additions to intangible assets (17) (59)
Purchases of fixed assets (14) 0
Net cash used in investing activities (31) (59)
Cash flows from financing activities:    
Capital contribution and commitment fee 500 0
Net cash provided by financing activities 500 0
Effect of exchange rate changes (3) 0
Net decrease in cash (104) (970)
Cash - beginning of period 3,590 4,414
Cash - end of period 3,486 3,444
Schedule of non-cash activities:    
Unpaid intangible assets included in accounts payable 20 0
Unpaid intangible assets included in accrued expenses $ (8) $ 0