Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.3.1.900
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Dec. 31, 2015
Dec. 31, 2014
OPERATING ACTIVITIES:    
Net loss $ (4,443) $ (5,513)
Adjustments to reconcile net loss to net cash used in operating activities:    
Foreign transaction loss 53 0
Depletion, depreciation, amortization, and accretion 436 515
Amortization of deferred finance costs 9 0
Accretion expense of contingent consideration payable 0 36
Allowance for doubtful accounts 59 0
Inventory book to physical adjustment 55 123
Loss on investment in securities 143 0
Stock compensation expense 307 427
Severance and retention benefit costs 425 0
Net changes in operating assets and liabilities:    
Accounts receivable 220 345
Inventories 22 (198)
Prepayments and other current assets 104 (55)
Accounts payable and accrued liabilities 578 128
Net cash used in operating activities (2,032) (4,192)
INVESTING ACTIVITIES:    
Additions to property and equipment (215) (5,390)
Proceeds from sale of investment securities 1,443 0
Proceeds from sale of unproved oil and gas properties 175 0
Utah CO2 option 0 (268)
Net cash provided by (used in) investing activities 1,403 (5,658)
FINANCING ACTIVITIES:    
Purchase of common stock (11) (566)
Purchase of stock options 0 (983)
Proceeds from issuance of common stock, net 0 115
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 (859)
Deferred financing costs, net (24) 0
Borrowings (repayments) on line of credit, net 0 3,501
Proceeds from issuance of notes payable 108 0
Payments on notes payable (35) 0
Capital contributions by non-controlling interest 0 145
Net cash provided by financing activities 32 1,353
Effect of exchange rate changes on cash and cash equivalents (25) (520)
Net decrease in cash and cash equivalents (622) (9,017)
Cash and cash equivalents at beginning of period 1,051 16,422
CASH AND CASH EQUIVALENTS AT END OF PERIOD 429 7,405
Supplemental schedule of non-cash activities:    
Unrealized holding gain and foreign currency translation loss on securities available-for-sale (32) (8,973)
Change in accounts payable and accrued liabilities related to property and equipment 86 (311)
Accrued preferred stock dividends 0 430
Preferred stock dividends paid in kind 913 0
Increase in both accrued or other liabilities and prepaid or other assets related to Sopak 54 26
Property contributed for capital and deferred capital contribution of non-controlling interest $ 0 $ 200