Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Sep. 30, 2013
Sep. 30, 2012
OPERATING ACTIVITIES:    
LOSS AFTER INCOME TAX $ (4,835) $ (5,310)
Adjustments to reconcile net loss to net cash used in operating activities    
Foreign transaction (gain) loss (21) 0
Depletion, depreciation and amortization 309 316
Fair value increase of contingent consideration payable 77 80
Deferred income taxes 0 (336)
Gain on disposal of assets 61 0
Stock based compensation 657 346
Impairment loss 0 890
Severance Costs 0 780
Net changes in operating assets and liabilities:    
Accounts receivable (169) 143
Inventories 6 57
Prepayments and other current assets 89 255
Accounts payable and accrued liabilities 1,005 (871)
Other long term liabilities (13) 0
Net cash (used in) provided by operating activities (2,834) (3,650)
INVESTING ACTIVITIES:    
Additions to property and equipment (3,139) (385)
Proceeds from sale of assets 29 0
Net cash provided by (used in) investing activities (3,110) (385)
FINANCING ACTIVITIES:    
Short term debt issuances 500 550
Short term debt repayments (108) (500)
Long term debt repayments 0 (132)
Net cash (used in) provided by financing activities 392 (82)
Effect of exchange rate changes on cash and cash equivalents 86 841
Net increase (decrease) in cash and cash equivalents (5,466) (3,276)
Cash and cash equivalents at beginning of period 32,469 41,215
CASH AND CASH EQUIVALENTS AT END OF PERIOD 27,003 37,939
Supplemental Schedule of Noncash Investing and Financing Activities:    
Revision to estimate of asset retirement obligations 0 (306)
Accounts payable related to property plant and equipment $ 4,590 $ 236