Subsequent Events |
6 Months Ended |
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Dec. 31, 2015 | |
| Subsequent Events [Abstract] | |
| Subsequent Events |
Note 17 - Subsequent Events
Partial Sale of Central Investment
From January 1, 2016, through February 8, 2016, the Company sold approximately 3.0 million shares of Central in the open market and generated approximately AUD $353 thousand (USD $251 thousand) of proceeds. As of February 8, 2016, the Company continues to own approximately 20.9 million shares of Central, which at the closing per share market price as of February 8, 2016 of AUD $0.105 and foreign exchange rate of 0.71, represented approximately $1.6 million of potential liquidity.
On January 15, 2016, the Company entered into a Premium Finance Agreement (the "Second Premium Note") to finance its insurance premiums in connection with its global umbrella policy renewal. The Second Premium Note has a principal amount of $42 thousand, bears interest at 6.25% and has an amortization term of nine months. Principal and interest payments of $5 thousand are due monthly February 2016 through October 2016.
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
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