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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Operating activities:    
Net loss $ (51,822) $ (74,976)
Adjustments to reconcile net loss to net cash used in operating activities:    
Restricted stock - share based compensation 14,346 13,325
Employee stock options - share based compensation 5,427 10,250
Compensation charge related to fair value of convertible debt embedded derivative 0 6,662
Shares issued for services 0 70
Shares issued for services 0 18,040
Stock compensation expense in connection with line of credit borrowing 3,810 0
Compensation charge in connection with issuance of preferred stock in exchange for $20M 8% Note, common shares and warrants 6,259 0
Interest expense related to November 25, 2013 PIPE Exchange 1,231 0
Decrease in fair value of convertible debt embedded derivative (16) (501)
Decrease in fair value of common stock warrants (346) (3,983)
Depreciation and amortization 4,043 2,840
Increase in fair value of Loyalize guarantee 0 503
Interest income on notes receivable from shareholders and officer (86) (103)
Interest expense added to convertible note 0 782
Provision for doubtful accounts 0 75
Income from deferred revenue contracts acquired with Loyalize acquisition 0 (194)
Other 0 (17)
Changes in operating assets and liabilities:    
Accounts receivable (488) (815)
Other receivables (49) 959
Prepaid expenses (1,169) (245)
Other assets (103)   
Deferred revenue 4,852 (344)
Accounts payable and accrued expenses (3,501) 1,269
Reward points liability (2,656) 3,455
Other liabilities 49 103
Net cash used in operating activities (20,219) (22,845)
Investing activities:    
Acquisition of Wetpaint, net of cash acquired (647) 0
Purchase of Property and Equipment (178) (537)
Capitalized software costs (821) (69)
Net cash used in investing activities (1,646) (606)
Financing activities:    
Proceeds from loans, net 23,500 5,000
Purchase of common shares from former officer (195) 0
Loan from Executive Officer 0 17,500
Repayment of Recapitalization Note from Executive Officer 3,646 0
Term loan agreement security interest (5,000) 0
Notes receivable shareholders 0 77
Net cash provided by financing activities 21,951 22,577
Cash at Beginning of Period 86 (874)
Cash at End of Period 1,359 2,963
Cash at End of Period 1,445 2,089
Supplemental cash flow information:    
Cash paid during the period for interest 426 0
Non-cash investing activities:    
Common stock and restricted stock units issued for acquisition 31,554 1,465
Contingent consideration related to Wetpaint acquisition 6,100 0
Contingent consideration related to Dijit acquisition 526 0
Liability for remaining cash consideration related to Wetpaint acquisition 3,367 0
Exchange of Original $20 million Line of Credit Note for preferred stock 20,000 0
Waiver of interest on Original $20 million Line of Credit Note 1,748 0
Stock issued in satisfaction of Loyalize guarantee 3,854 0
Extinguishment of a portion of common stock warrant liability $ 92 $ 0