Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.19.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Consolidated net loss $ (17,597) $ (16,108)
Adjustments to reconcile consolidated net loss to net cash used in operating activities:    
Share-based compensation 241 770
Amortization of intangible assets 322 341
Depreciation 1,427 1,368
Write-off of fixed assets 179 0
Bad debt expense 0 61
Changes in operating assets and liabilities    
Accounts receivable - trade (22) 39
Work in process 0 26
Prepaid expenses and other current assets (15) 8
Security deposit 1 0
Accounts payable 292 49
Accrued expenses (82) 124
Contract liabilities 1,279 (158)
Net cash used in operating activities (13,975) (13,480)
Cash flows from investing activities:    
Additions to intangible assets (70) (145)
Purchases of fixed assets (920) (934)
Net cash used in investing activities (990) (1,079)
Cash flows from financing activities:    
Proceeds from sales of preferred and common stock 1,350 21,621
Costs to raise capital (159) (1,175)
Proceeds from capital contribution 2,459 1,093
Proceeds from additional paid-in capital - preferred stock 0 1,050
Payment of capital lease obligation (197) (183)
Net cash provided by financing activities 3,453 22,406
Effect of exchange rate changes (1) (1)
Net increase (decrease) in cash (11,513) 7,846
Cash - beginning of year 15,934 15,934
Cash - end of year 4,421 15,934
Schedule of non-cash activities:    
Unpaid intangible assets included in accounts payable 8 2
Intangible assets included in accounts payable in prior period, paid in current period 2 7
Unpaid fixed assets included in accounts payable 14 84
Fixed assets included in accounts payable in prior period, paid in current period 84 87
Conversion of preferred stock shares into common stock shares 2 0
Supplemental cash flow information:    
Cash paid during the year for interest $ 1,903 $ 1,917