Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.3.0.814
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net loss $ (1,805) $ (1,410)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share-based compensation 329 253
Amortization of intangible assets 91 88
Depreciation 1 1
Changes in operating assets and liabilities:    
Accounts receivable - trade (34) 205
Accounts receivable - unbilled (126) (555)
Prepaid expenses and other current assets 90 38
Accounts payable 171 200
Accrued expenses 136 610
Net cash used in operating activities (1,147) (570)
Cash flows from investing activities:    
Additions to intangible assets (18) (17)
Purchases of fixed assets 0 (14)
Net cash used in investing activities (18) (31)
Cash flows from financing activities:    
Proceeds from exercise of warrants 63 0
Capital contribution and commitment fee 0 500
Net cash provided by financing activities 63 500
Effect of exchange rate changes (8) (3)
Net decrease in cash (1,110) (104)
Cash - beginning of period 9,494 3,590
Cash - end of period 8,384 3,486
Schedule of non-cash activities:    
Unpaid intangible assets included in accounts payable 0 20
Unpaid intangible assets included in accrued expenses $ (3) $ (8)