Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net loss $ (16,139) $ (10,657)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share-based compensation 1,010 1,245
Amortization of intangible assets 350 363
Depreciation 1,326 577
Loss on abandonment of intangible assets 0 33
Changes in operating assets and liabilities    
Accounts receivable - trade 309 (39)
Accounts receivable - unbilled 122 (122)
Work in process (4) (22)
Prepaid expenses and other current assets (19) (82)
Security deposit 2 (28)
Accounts payable (257) (125)
Accrued expenses 4 761
Deferred revenue 133 24
Net cash used in operating activities (13,163) (8,072)
Cash flows from investing activities:    
Additions to intangible assets (270) 0
Purchases of fixed assets (1,323) (68)
Net cash used in investing activities (1,593) (68)
Cash flows from financing activities:    
Proceeds from sale of common stock 0 6,220
Proceeds from exercise of warrants 0 1,009
Capital contribution - noncontrolling interest 0 15,000
Payment of capital lease obligation (170) (565)
Net cash (used in) provided by financing activities (170) 21,664
Effect of exchange rate changes 0 (4)
Net increase (decrease) in cash (14,926) 13,520
Cash - beginning of year 23,014 9,494
Cash - end of year 8,088 23,014
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 7 129
Fixed assets included in accounts payable in FY 2016, paid in FY 2017 (71) 0
Unpaid fixed assets included in accounts payable 87 71
Purchase of fixed assets financed by capital lease 0 26,000
Supplemental cash flow information:    
Cash paid during the year for interest $ 1,930 $ 485