Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.3.1.900
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:    
Net loss $ (4,051) $ (3,063)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share-based compensation 643 466
Amortization of intangible assets 182 178
Depreciation 2 2
Loss on abandonment of intangible assets 17 30
Changes in operating assets and liabilities    
Accounts receivable - trade 243 (379)
Accounts receivable - unbilled (15) (338)
Prepaid expenses and other current assets (70) (160)
Accounts payable 190 664
Accrued expenses 29 407
Deferred revenue 16 0
Net cash used in operating activities (2,814) (2,193)
Cash flows from investing activities:    
Additions to intangible assets 0 (85)
Purchases of fixed assets (5) (15)
Net cash used in investing activities (5) (100)
Cash flows from financing activities:    
Sale of common stock 0 5,212
Proceeds from exercise of warrants 63 867
Net cash provided by financing activities 63 6,079
Effect of exchange rate changes (6) (13)
Net (decrease) increase in cash (2,762) 3,773
Cash - beginning of period 9,494 3,590
Cash - end of period 6,732 7,363
Schedule of non-cash activities:    
Unpaid intangible assets included in accounts payable - net 40 23
Unpaid intangible assets included in accrued expenses - net $ 0 $ (12)