Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Dec. 31, 2013
Dec. 31, 2012
OPERATING ACTIVITIES:    
LOSS AFTER INCOME TAX $ (8,947) $ (12,594)
Adjustments to reconcile net loss to net cash used in operating activities:    
Foreign transaction (gain) loss (26) 36
Depletion, depreciation, amortization, and accretion 907 649
Fair value increase of contingent consideration payable 156 161
Deferred income taxes 0 (658)
Loss on disposal of assets 95 0
Stock compensation expense 1,066 606
Impairment loss 0 890
Severance benefit costs 0 755
Net changes in operating assets and liabilities:    
Accounts receivable 129 305
Inventories (6) (42)
Prepayments and other current assets (647) 6
Accounts payable and accrued liabilities 1,118 886
Other long term liabilities 3 (14)
Net cash used in operating activities (6,152) (9,014)
INVESTING ACTIVITIES:    
Additions to property and equipment (13,943) (1,070)
Proceeds from sale of assets 29 0
Net cash used in investing activities (13,914) (1,070)
FINANCING ACTIVITIES:    
Repurchase of common stock 0 (137)
Short term debt issuances 1,000 1,450
Short term debt repayments (1,216) (1,315)
Long term debt repayments 0 (264)
Net cash used in financing activities (216) (266)
Effect of exchange rate changes on cash and cash equivalents (28) 839
Net decrease in cash and cash equivalents (20,310) (9,511)
Cash and cash equivalents at beginning of period 32,469 41,215
CASH AND CASH EQUIVALENTS AT END OF PERIOD 12,159 31,704
Supplemental schedule of non-cash activities:    
Revision to estimate of asset retirement obligations 0 (306)
Amounts in accounts payable and accrued liabilities related to property and equipment 557 109
Preferred stock dividend $ 836 $ 0