Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.5.0.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Sep. 30, 2016
Sep. 30, 2015
OPERATING ACTIVITIES:    
Loss from continuing operations, net of tax $ (2,195) $ (2,040)
Adjustments to reconcile net loss to net cash used in operating activities:    
Foreign transaction loss 168 145
Depreciation 11 19
Loss on investment in securities 0 261
Stock compensation expense 590 108
Net changes in operating assets and liabilities:    
Accounts receivable (40) 53
Prepaid and other current assets 101 45
Accounts payable and accrued liabilities (561) 852
Net cash used in operating activities of continuing operations (1,926) (557)
INVESTING ACTIVITIES:    
Additions to property and equipment (3) 0
Proceeds from sale of assets 586 0
Proceeds from sale of investment securities 0 836
Proceeds from One Stone Exchange, including cash retained at closing 950 0
Net cash provided by investing activities of continuing operations 1,533 836
FINANCING ACTIVITIES:    
Purchase of common stock (3) (10)
Payment of cash in lieu of issuance of fractional shares in one share-for-eight shares reverse stock split 0 (6)
Deferred financing costs, net 0 (24)
Payments on notes payable (70) 0
Net cash used in financing activities (73) (40)
CASH FLOWS FROM DISCONTINUED OPERATIONS:    
Net cash used in operating activities of discontinued operations (83) (131)
Net cash used in investing activities of discontinued operations (224) (123)
Net cash used in operating and investing activities of discontinued operations (307) (254)
Effect of exchange rate changes on cash and cash equivalents (15) (178)
Net decrease in cash and cash equivalents (788) (193)
Cash and cash equivalents at beginning of period 1,680 769
CASH AND CASH EQUIVALENTS AT END OF PERIOD 892 576
Supplemental schedule of non-cash activities:    
Unrealized holding gain (loss) and foreign currency translation gain (loss) on securities available-for-sale 371 (1,049)
Securities available-for-sale received as proceeds on sale of Weald Basin assets (925) 0
Increase in both accrued or other liabilities and prepaid or other assets related to Sopak 27 27
Purchase of insurance policies financed with notes payable 16 108
Forgiveness of notes payable upon closing of Exchange 625 0
Adjustment of preferred stock to redemption value (162) 0
Preferred stock dividends paid in kind 162 452
Contribution to equity upon redemption of preferred stock 9,892 0
Non-cash activities of discontinued operations:    
Change in accounts payable and accrued liabilities related to property and equipment of discontinued operations $ 293 $ (192)