Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Consolidated net loss $ (11,809) $ (7,436)
Adjustments to reconcile consolidated net loss to net cash used in operating activities:    
Share-based compensation 713 940
Amortization of intangible assets 264 274
Depreciation 987 263
Loss on abandonment of intangible assets 0 33
Changes in operating assets and liabilities    
Accounts receivable - trade 357 (9)
Accounts receivable - unbilled 122 0
Work in process (38) (58)
Prepaid expenses and other current assets (110) (136)
Security deposit 3 (28)
Accounts payable 7 342
Accrued expenses 37 489
Deferred revenue 69 76
Net cash used in operating activities (9,398) (5,250)
Cash flows from investing activities:    
Additions to intangible assets (259) 0
Purchases of fixed assets (809) (8)
Net cash used in investing activities (1,068) (8)
Cash flows from financing activities:    
Proceeds from sale of common stock 0 2,178
Proceeds from exercise of warrants 0 1,009
Capital contribution - noncontrolling interest 0 15,000
Payment of capital lease obligation (126) (525)
Net cash (used in) provided by financing activities (126) 17,662
Effect of exchange rate changes 0 (5)
Net (decrease) increase in cash (10,592) 12,399
Cash - beginning of period 23,014 9,494
Cash - end of period 12,422 21,893
Schedule of non-cash activities:    
Issuance of preferred stock for acquisition of additional interest in subsidiary 12,499 0
Unpaid intangible assets included in accounts payable 197 87
Fixed assets included in accounts payable in FY 2016, paid in FY 2017 71 0
Unpaid fixed assets included in accounts payable 468 17
Purchases of fixed assets financed by capital lease 0 26,000
Supplemental cash flow information:    
Cash paid during the period for interest $ 1,449 $ 0