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REVENUE (Tables)
 12 Months Ended
Jun. 30, 2019
Revenue from Contract with Customer [Abstract]  
Schedule of Adoption of ASC 606
The effect of adoption of this new guidance on the Consolidated Balance Sheet as of July 1, 2018 was to increase prepaid expenses and other current assets, other assets, and deferred revenue, with an offsetting decrease in the opening accumulated deficit, as follows:
 
June 30, 2018
 
 
 
July 1, 2018
($ in thousands)
As Reported
 
Adjustment
 
Revised
 
 
 
 
 
 
ASSETS
 
 
 
 
 
Prepaid expenses and other current assets
$
929

 
$
251

 
$
1,180

Other assets
720

 
1,254

 
1,974

LIABILITIES
 
 
 
 
 
Deferred revenue
511

 
1,127

 
1,638

SHAREHOLDERS' EQUITY
 
 
 
 
 
Accumulated deficit
(232,748
)
 
376

 
(232,372
)
The impact of the adoption of ASC 606 by financial statement line item with in the Consolidated Balance Sheet as of June 30, 2019 and Consolidated Statement of Operations for the year ended June 30, 2019 is as follows:
 
June 30, 2019
 
 
 
June 30, 2019
($ in thousands)
As Reported
 
Adjustment
 
Under Legacy Guidance
 
 
 
 
 
 
BALANCE SHEET
 
 
 
 
 
Prepaid expenses and other current assets
$
1,558

 
$
(301
)
 
$
1,257

Other assets
2,099

 
(1,506
)
 
593

Deferred revenue
1,539

 
(929
)
 
610

Accumulated deficit
(264,400
)
 
(878
)
 
(265,278
)
STATEMENT OF OPERATIONS
 
 
 
 
 
License and transaction fees
123,554

 
(198
)
 
123,356

Selling, general and administrative
47,068

 
303

 
47,371

Net loss
(32,028
)
 
(500
)
 
(32,528
)
Performance Obligations
The following table reflects the estimated fees to be recognized in the future related to performance obligations that are unsatisfied at the end of the period:
($ in thousands)
As of June 30, 2019
 
 
2020
$
12,093

2021
10,271

2022
8,643

2023
5,990

2024 and thereafter
1,942

Total
$
38,939
Contract Liability
The Company's contract liability (i.e., deferred revenue) balances are as follows:
 
Year ended June 30,
($ in thousands)
2019
 
 
Deferred revenue, beginning of the period
$
511

Plus: adjustment for adoption of ASC 606
1,127

Deferred revenue, beginning of the period, as adjusted
1,638

Deferred revenue, end of the period
1,539

Revenue recognized in the period from amounts included in deferred revenue at the beginning of the period
320