Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.6.0.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Dec. 31, 2016
Dec. 31, 2015
OPERATING ACTIVITIES:    
Loss from continuing operations, net of tax $ (2,726) $ (3,046)
Adjustments to reconcile net loss to net cash used in operating activities:    
Foreign transaction (gain) loss (44) 53
Depreciation 20 32
(Gain) loss on investment in securities (138) 143
Stock compensation expense 600 307
Net changes in operating assets and liabilities:    
Accounts receivable (45) 40
Prepaid and other current assets 196 129
Accounts payable and accrued liabilities (668) 893
Net cash used in operating activities of continuing operations (2,805) (1,449)
INVESTING ACTIVITIES:    
Additions to property and equipment (2) (1)
Proceeds from sale of Weald Basin assets (Notes 4 and 5) 586 0
Proceeds from sale of investment securities 604 1,443
Proceeds from One Stone Exchange, including cash transferred from held for sale at closing (Notes 3 and 5) 950 0
Net cash provided by investing activities of continuing operations 2,138 1,442
FINANCING ACTIVITIES:    
Purchase of common stock (3) (11)
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)
Proceeds from issuance of notes payable 0 108
Payments on notes payable (143) (35)
Net cash used in financing activities (146) 32
CASH FLOWS FROM DISCONTINUED OPERATIONS:    
Net cash used in operating activities of discontinued operations (76) (387)
Net cash used in investing activities of discontinued operations (224) (39)
Net cash used in operating and investing activities of discontinued operations (300) (426)
Effect of exchange rate changes on cash and cash equivalents (60) (25)
Net decrease in cash and cash equivalents (1,173) (426)
Cash and cash equivalents at beginning of period 1,680 769
CASH AND CASH EQUIVALENTS AT END OF PERIOD 507 343
Supplemental schedule of non-cash activities:    
Unrealized holding gain (loss) and foreign currency translation gain (loss) on securities available-for-sale 338 (32)
Securities available-for-sale received as proceeds on sale of Weald Basin assets (Notes 4 and 5) (925) 0
Increase in both accrued or other liabilities and prepaid or other assets related to Sopak 54 54
Purchase of insurance policies financed with notes payable 16 108
Forgiveness of notes payable upon closing of Exchange (Notes 3 and 5) 625 0
Adjustment of preferred stock to redemption value (162) 0
Preferred stock dividends paid in kind 162 913
Contribution to equity upon redemption of preferred stock (Notes 3, 5 and 12) 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 $ (86)