Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.3.0.814
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Sep. 30, 2015
Sep. 30, 2014
OPERATING ACTIVITIES:    
Net loss $ (3,063) $ (2,627)
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Foreign transaction loss 145 0
Depletion, depreciation, amortization, and accretion 198 255
Accretion expense of contingent consideration payable 0 36
Allowance for doubtful accounts 59 0
Inventory book to physical adjustment 55 0
Loss on investment in securities 261 0
Stock compensation expense 108 44
Severance and retention benefit costs 440 475
Net changes in operating assets and liabilities:    
Accounts receivable 53 135
Inventories 6 (89)
Prepayments and other current assets (21) 83
Accounts payable and accrued liabilities 759 (410)
Net cash used in operating activities (1,000) (2,098)
INVESTING ACTIVITIES:    
Additions to property and equipment (123) (2,849)
Proceeds from sale of investment securities 836 0
Net cash provided by (used in) investing activities 713 (2,849)
FINANCING ACTIVITIES:    
Purchase of common stock (10) (104)
Proceeds from issuance of common stock, net 0 149
Payment of cash in lieu of issuance of fractional shares in one share for eight shares reverse stock split (6) 0
Payment of preferred stock dividend 0 (429)
Deferred financing costs, net (20) 0
Short term debt issuances 108 0
Net cash provided by (used in) financing activities 72 (384)
Effect of exchange rate changes on cash and cash equivalents (178) (318)
Net decrease in cash and cash equivalents (393) (5,649)
Cash and cash equivalents at beginning of period 1,051 16,422
CASH AND CASH EQUIVALENTS AT END OF PERIOD 658 10,773
Supplemental schedule of non-cash activities:    
Unrealized holding loss and foreign currency translation loss on securities available-for-sale (1,049) (2,074)
Change in accounts payable and accrued liabilities related to property and equipment (192) 308
Accrued preferred stock dividends 0 430
Preferred stock dividends paid in kind 452 0
Increase in both accrued or other liabilities and prepaid or other assets related to Sopak $ 27 $ 26