Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.4.0.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Consolidated net loss $ (7,436) $ (4,740)
Adjustments to reconcile consolidated net loss to net cash used in operating activities:    
Share-based compensation 940 690
Amortization of intangible assets 274 266
Depreciation 263 3
Loss on abandonment of intangible assets 33 47
Changes in operating assets and liabilities    
Accounts receivable - trade (9) (135)
Accounts receivable - unbilled 0 (325)
Accrued expenses 489 306
Prepaid expenses and other current assets (136) (181)
Security deposit (28) 0
Accounts payable 342 517
Work in process (58) 0
Deferred revenue 76 34
Net cash used in operating activities (5,250) (3,518)
Cash flows from investing activities:    
Additions to intangible assets 0 (137)
Purchases of fixed assets (8) (15)
Net cash used in investing activities (8) (152)
Cash flows from financing activities:    
Proceeds from sale of common stock 2,178 7,302
Proceeds from exercise of warrants 1,009 867
Capital contribution - noncontrolling interest 15,000 0
Payment of capital lease obligation (525) 0
Net cash provided by financing activities 17,662 8,169
Effect of exchange rate changes (5) (9)
Net increase in cash 12,399 4,490
Cash - beginning of period 9,494 3,590
Cash - end of period 21,893 8,080
Schedule of non-cash activities:    
Purchases of fixed assets financed by capital lease 26,000 0
Unpaid intangible assets included in accounts payable - net 87 0
Unpaid intangible assets included in accrued expenses - net 0 12
Unpaid fixed assets included in accounts payable 17 0
Supplemental cash flow information:    
Cash paid during the period for interest $ 0 $ 0