Sale of Ads Business (Tables)

9 Months Ended

Mar. 31, 2020

Discontinued Operations and Disposal Groups [Abstract]

Assets and liabilities of discontinued operations

Reconciliations of the carrying amounts of major classes of assets and liabilities included as part of discontinued operations to the amounts presented separately in our June 30, 2019 condensed consolidated balance sheet are presented in the following table:

	June 30, 2019
Assets
Accounts receivable	$	6,011
Prepaid and other current assets	319
Assets of discontinued operations	$	6,330
Property and equipment, net	$	72
Operating lease right-of-use assets	—
Deferred income taxes, non-current	(59		)
Goodwill and intangible assets, net	11,786
Other assets	395
Assets of discontinued operations, non-current	$	12,194
Liabilities
Accounts payable	$	974
Accrued expenses	2,399
Operating lease liabilities	—
Liabilities of discontinued operations	$	3,373
Deferred rent, non-current	$	30
Operating lease liabilities, non-current	—
Liabilities of discontinued operations, non-current	$	30

Reconciliations of the major line items comprising loss from operations of the Ads Business included as part of discontinued operations to the amounts presented separately in our statements of operations for the three and nine months ended March 31, 2020 and 2019 are presented in the following tables:

	Three Months Ended March 31,					Nine Months Ended March 31,
	2020		2019			2020		2019
Revenue - services	$	—	$	4,529		$	3,614	$	17,492
Cost of revenue - services	—		2,178			1,335		8,683
Gross profit	—		2,351			2,279		8,809
Operating expenses:
Research and development	—		1,186			697		4,121
Sales and marketing	—		3,098			750		8,600
General and administrative	—		—			—		—
Total operating expenses	—		4,284			1,447		12,721
Provision for (benefit from) income taxes	—		14			—		(17		)
Income (loss) from operations of Ads Business	$	—	$	(1,947	)	$	832	$	(3,895	)