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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended 12 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net loss $ (33,890) $ (2) $ (19,908) $ (9)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:        
Restricted Stock issued for services 8,378 0 10,772 0
Warrants issued for services 0 0 2,529 0
Employee stock options - share based compensation 1,930 0 0 0
Common stock and warrants issued to Sillerman in connection with private placement 19,456 0 0 0
Depreciation 97 0 4 0
Interest income notes receivable from shareholders (35) 0 0 0
Changes in operating assets and liabilities:        
Other Receivables (38) 0 (29) 0
Prepaid Expenses (87) 0 (46) 0
Accounts payable and accrued expenses 515 2 1,027 9
Other liabilities 47 0 6 0
Net Cash Used in Operating Activities (3,627) 0 (5,645) 0
CASH FLOWS FROM INVESTING ACTIVITIES:        
Purchase of Equipment (105) 0 (83) 0
Increase in Restricted Cash 0 0 (695) 0
Investment in Interests in Corporate Jet 0 0 (235) 0
Watchpoints acquisitions (2,620) 0 0 0
Capitalized Software Costs (744) 0 (317) 0
Net Cash Used in Investing Activities (3,469) 0 (1,330) 0
CASH FLOWS FROM FINANCING ACTIVITIES:        
Issuance of Common Stock and warrants for Cash 33,413 0 10,769 0
Payments on loan (12) 0 0 0
Net Cash from Financing Activities 33,401 0 10,769 0
NET INCREASE IN CASH 26,305 0 3,794 0
Cash at Beginning of Period 3,794 0 0 0
Cash at End of Period 30,099 0 3,794 0
Supplemental Cash Flow Information:        
Cash paid during the year for interest 14 0 0 0
Non-Cash Financing Activities:        
Issuance of shares relating to payment of a portion of the debt due to J. Howard, Inc. 0 0 8 0
Corporate Jet Information: Purchase of a 9.375% interest in a G-IV jet. 336 0 1,276 0
Stock issued for promissory notes 0 0 3,380 0
Stock issued for Watchpoints acquisition $ 1,600 $ 0 $ 0 $ 0