Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.5.0.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net loss $ (3,612) $ (1,805)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share-based compensation 265 329
Amortization of intangible assets 88 91
Depreciation 324 1
Changes in operating assets and liabilities:    
Accounts receivable - trade 315 (34)
Accounts receivable - unbilled 61 (126)
Work in process 22 0
Prepaid expenses and other current assets 131 90
Security deposit 2 0
Accounts payable 53 171
Accrued expenses 102 136
Deferred revenue (24) 0
Net cash used in operating activities (2,273) (1,147)
Cash flows from investing activities:    
Additions to intangible assets (202) (18)
Purchases of fixed assets (400) 0
Net cash used in investing activities (602) (18)
Cash flows from financing activities:    
Payment of capital lease obligation (41) 0
Proceeds from exercise of warrants 0 63
Net cash (used in) provided by financing activities (41) 63
Effect of exchange rate changes 0 (8)
Net decrease in cash (2,916) (1,110)
Cash - beginning of period 23,014 9,494
Cash - end of period 20,098 8,384
Schedule of non-cash activities:    
Unpaid intangible assets included in accounts payable 184 0
Unpaid fixed assets included in accounts payable 71 0
Unpaid intangible assets included in accrued expenses 0 (3)
Supplemental cash flow information:    
Cash paid during the period for interest $ 484 $ 0