XML 34 R6.htm IDEA: XBRL DOCUMENT v3.3.0.814
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating activities:    
Net loss $ (13,412) $ (17,603)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Restricted stock - share based compensation 4,991 5,680
Employee stock options - share based compensation 173 1,882
Decrease in fair value of common stock warrants 0 (5)
Depreciation and amortization 1,196 1,800
Accretion of note discount 50 0
Interest income on notes receivable from shareholders and officer 0 (1)
Changes in operating assets and liabilities:    
Accounts receivable, net 732 486
Other receivables 106 (170)
Prepaid expenses (58) (98)
Other assets 0 5,006
Deferred revenue (140) (466)
Accounts payable and accrued expenses 3,082 3,778
Reward points liability (285) 310
Other liabilities (30) 29
Other 92 0
Net cash (used in) provided by operating activities (3,503) 628
Investing activities:    
Acquisitions, net of cash acquired 535 0
Purchase of property and equipment 0 (112)
Capitalized software costs 0 (131)
Net cash provided by (used in) investing activities 535 (243)
Financing activities:    
Proceeds from loans 5,000 0
Repayments on loans (3,000) 0
Payments related to contingent consideration (1,728) 0
Purchase of common shares from former officer 0 (270)
Net cash provided by (used in) financing activities 272 (270)
Net (decrease) increase in cash (2,696) 115
Cash at beginning of period 4,217 7
Cash at end of period 1,521 122
Supplemental cash flow Information:    
Cash paid during the period for interest 0 104
Non-Cash investing activities:    
Landlord lease incentive build-out allowance 0 449
Common stock and warrants issued for DraftDay acquisition 1,757 0
Common stock and warrants issued for management service contracts $ 3,475 $ 0