Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.3.0.814
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net loss $ (6,625) $ (3,666)
Adjustments to reconcile net loss to net cash used in operating activities:    
Effect of Settlement Agreement 0 (1,863)
Share-based compensation 914 1,075
Amortization of intangible assets 358 358
Depreciation 5 3
Loss on disposal of fixed assets 0 1
Loss on abandonment of intangible assets 48 56
Changes in operating assets and liabilities    
Accounts receivable - trade (240) (205)
Prepaid expenses and other current assets (64) 97
Accounts payable 806 56
Accrued expenses 73 (28)
Net cash used in operating activities (4,725) (4,116)
Cash flows from investing activities:    
Additions to intangible assets (202) (255)
Purchases of fixed assets (13) (4)
Net cash used in investing activities (215) (259)
Cash flows from financing activities:    
Proceeds from sale of common stock 10,000 480
Proceeds from exercise of warrants 867 3,100
Costs to raise capital 0 (29)
Net cash provided by financing activities 10,867 3,551
Effect of exchange rate changes (23) 0
Net increase in cash 5,904 (824)
Cash - beginning of year 3,590 4,414
Cash - end of year 9,494 3,590
Schedule of non-cash activities:    
Reversal of accrued warrants 0 71
Unpaid intangible assets included in accounts payable 0 12
Unpaid intangible assets included in accrued expenses (12) 20
Effect of amendment to Collaboration and License Agreement on accounts receivable and accounts payable $ 0 $ 1,007