Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.4.0.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Mar. 31, 2016
Mar. 31, 2015
OPERATING ACTIVITIES:    
Net loss from continuing operations, net of tax $ (5,223) $ (5,486)
Adjustments to reconcile net loss to net cash used in operating activities:    
Foreign transaction loss 205 659
Depreciation 43 111
Fair value revision of contingent consideration payable 0 (1,888)
Accretion expense of contingent consideration payable 0 36
Loss on investment in securities 587 168
Exploration costs previously capitalized 0 20
Stock compensation expense 518 841
Severance and retention benefit costs 425 0
Net changes in operating assets and liabilities:    
Accounts receivable 32 311
Inventories 0 (39)
Prepayments and other current assets 250 211
Accounts payable and accrued liabilities 756 (412)
Net cash used in operating activities (2,407) (5,468)
INVESTING ACTIVITIES:    
Additions to property and equipment (1) 37
Proceeds from sale of investment securities 2,572 0
Net cash provided by investing activities 2,571 37
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 (28) 0
Borrowings (repayments) on line of credit, net 0 3,501
Payments on notes payable (80) 0
Capital contributions by non-controlling interest included in discontinued operations 0 147
Net cash (used in) provided by financing activities (125) 1,355
CASH FLOWS FROM DISCONTINUED OPERATIONS:    
Net cash used in operating activities of discontinued operations (589) (889)
Net cash used in investing activities of discontinued operations (68) (7,566)
Net cash used in operating and investing activities of discontinued operations (657) (8,455)
Effect of exchange rate changes on cash and cash equivalents (20) (698)
Net decrease in cash and cash equivalents (638) (13,229)
Cash and cash equivalents at beginning of period 769 16,120
CASH AND CASH EQUIVALENTS AT END OF PERIOD 131 2,891
Supplemental disclosure of cash flow information:    
Cash paid for interest of discontinued operations 201 33
Cash paid for income taxes 0 43
Supplemental schedule of non-cash activities:    
Unrealized holding loss and foreign currency translation loss on securities available-for-sale 283 7,813
Adjustment of preferred stock to redemption value (3,730) 0
Preferred stock dividends paid in kind 1,381 867
Increase in both accrued or other liabilities and prepaid or other assets related to Sopak 80 79
Purchase of insurance policies financed with notes payable 353 0
Non-cash activities of discontinued operations:    
Change in accounts payable and accrued liabilities related to property and equipment of discontinued operations 85 (666)
Property contributed for capital and deferred capital contribution of non-controlling interest included in discontinued operations 0 200
Accrued capital contributions of non-controlling interest included in discontinued operations $ 0 $ 168