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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Operating activities:    
Net loss $ (78,539) $ (68,436)
Adjustments to reconcile net loss to net cash used in operating activities:    
Restricted stock based compensation 24,649 19,622
Employee stock options - share based compensation 3,650 7,014
Share based compensation in connection with securities purchase agreement 4,140 0
Write-off of certain intangible assets related to Choose Digital 2,086 0
Stock issued for services 208 0
Stock issued in settlement of litigation 139 0
Stock compensation in connection with line of credit borrowing 0 3,810
Compensation charge in connection with issuance of preferred stock in exchange for $20M 8% Note, common shares and warrants 0 6,259
Decrease in fair value of convertible debt embedded derivative 0 (16)
Decrease in fair value of common stock warrants (5) (428)
Increase (decrease) in fair value of contingent consideration related to acquisitions 2,222 (2,064)
Accretion of note discount 115 0
Depreciation and amortization 6,040 5,914
Interest income on notes receivable from shareholders and officer 0 (86)
Changes in operating assets and liabilities:    
Accounts receivable (157) (385)
Other receivables (581) 156
Prepaid expenses 316 138
Restricted cash 0 0
Other assets 41 (194)
Deferred revenue (818) 4,865
Accounts payable and accrued expenses 1,737 (8,179)
Reward points payable 4,102 (3,009)
Other (40) 225
Net cash used in operating activities (30,695) (33,563)
Investing activities:    
Cash paid for acquisitions, net of cash acquired 0 (1,433)
Purchase of property and equipment (113) (225)
Capitalized software costs (1,051) (1,124)
Repayment of Recapitalization Note from Executive Officer 0 3,646
Net cash (used in) provided by investing activities (1,164) 864
Financing activities:    
Issuance of common stock and warrants for cash 12,459 31,812
Proceeds from loans 35,975 27,500
Repayments on loans (27,000) (22,500)
Sale of Class C Convertible Redeemable Preferred Stock 10,000 0
Purchase of common shares from former officer (360) (465)
Restricted cash 4,995 0
Term loan agreement security interest 0 (5,000)
Net cash provided by financing activities 36,069 31,347
Net increase (decrease) in cash 4,210 (1,352)
Cash at beginning of period 7 1,359
Cash at end of period 4,217 7
Supplemental cash flow information:    
Cash paid during the year for interest 999 526
Non-Cash investing activities:    
Landlord lease incentive build-out allowance 449 0
PIPE Exchanges    
Adjustments to reconcile net loss to net cash used in operating activities:    
Employee stock options - share based compensation $ 0 $ 1,231