Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.5.0.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net loss $ (10,657) $ (6,625)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share-based compensation 1,245 914
Amortization of intangible assets 363 358
Depreciation 577 5
Loss on abandonment of intangible assets 33 48
Changes in operating assets and liabilities    
Accounts receivable - trade (39) (240)
Accounts receivable - unbilled (122) 0
Accounts payable (125) 806
Prepaid expenses and other current assets (82) (64)
Security deposit (28) 0
Accrued expenses 761 73
Work in process (22) 0
Deferred revenue 24 0
Net cash used in operating activities (8,072) (4,725)
Cash flows from investing activities:    
Additions to intangible assets 0 (202)
Purchases of fixed assets (68) (13)
Net cash used in investing activities (68) (215)
Cash flows from financing activities:    
Proceeds from sale of common stock 6,220 10,000
Proceeds from exercise of warrants 1,009 867
Capital contribution - noncontrolling interest 15,000 0
Payment of capital lease obligation (565) 0
Net cash provided by financing activities 21,664 10,867
Effect of exchange rate changes (4) (23)
Net increase in cash 13,520 5,904
Cash - beginning of year 9,494 3,590
Cash - end of year 23,014 9,494
Schedule of non-cash activities:    
Purchases of fixed assets financed by capital lease 26,000 0
Unpaid intangible assets included in accounts payable - net 129 0
Unpaid intangible assets included in accrued expenses - net 0 (12)
Unpaid fixed assets included in accounts payable 71 0
Supplemental cash flow information:    
Cash paid during the year for interest $ 485 $ 0