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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Operating activities:    
Net loss $ (68,436) $ (91,403)
Adjustments to reconcile net loss to net cash used in operating activities:    
Restricted stock based compensation 19,622 18,201
Stock issued for services 0 70
Employee stock options - share based compensation 7,014 12,089
Common stock and warrants issues in connection with convertible debt offering - share based compensation 0 18,040
Compensation charge related to fair value of convertible debt embedded derivative 0 6,662
Stock compensation in connection with line of credit borrowing 3,810 1,533
Compensation charge in connection with issuance of preferred stock in exchange for $20M 8% Note, common shares and warrants 6,259 0
Decrease in fair value of convertible debt embedded derivative (16) (2,792)
Decrease in fair value of common stock warrants (428) (4,183)
Decrease in fair value of contingent consideration related to acquisitions (2,064) 0
Interest expense added to convertible note 0 782
Depreciation and amortization 5,914 3,771
Increase in fair value of Loyalize guarantee 0 502
Interest income on notes receivable from shareholders and officer (86) (137)
Changes in operating assets and liabilities:    
Accounts receivable (385) (1,378)
Other receivables 156 1,054
Prepaid expenses 138 85
Other assets (194) (17)
Deferred revenue 4,865 (335)
Accounts payable and accrued expenses (8,179) 784
Reward points payable (3,009) 4,482
Other liabilities 225 (47)
Net cash used in operating activities (33,563) (32,237)
Investing activities:    
Cash paid for acquisitions, net of cash acquired (1,433) 0
Purchase of property and equipment (225) (572)
Capitalized software costs (1,124) (372)
Repayment of Recapitalization Note from Executive Officer 3,646 0
Net cash provided by (used in) investing activities 864 (944)
Financing activities:    
Issuance of common stock and warrants for cash 31,812 0
Proceeds from loans 27,500 10,000
Repayments on loans (22,500) 0
Purchase of common shares from former officer (465) 0
Term loan agreement security interest (5,000) 0
Loan from executive officer 0 (21,500)
Notes receivable from shareholders 0 77
Net cash provided by financing activities 31,347 31,577
Net decrease in cash (1,352) (1,604)
Cash at beginning of period 1,359 2,963
Cash at end of period 7 1,359
Supplemental cash flow information:    
Cash paid during the year for interest 526 113
Non-Cash investing activities:    
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
Extinguishment of embedded derivative within convertible debt 3,854 0
Extinguishment of a portion of common stock warrant liability 92 0
Exchange of Class A and Class B Preferred Stock for Common Stock
   
Non-Cash investing activities:    
Exchange of Class A and Class B Preferred Stock for Common Stock 37,638 0
Wetpaint.com Inc.
   
Adjustments to reconcile net loss to net cash used in operating activities:    
Decrease in fair value of contingent consideration related to acquisitions 1,800  
Non-Cash investing activities:    
Common stock and restricted stock units issued in acquisition 31,554 0
Contingent consideration 6,100 0
Dijit
   
Non-Cash investing activities:    
Common stock and restricted stock units issued in acquisition 2,809 0
Contingent consideration 526 0
Choose Digital
   
Non-Cash investing activities:    
Common stock and restricted stock units issued in acquisition 8,050 0
Contingent consideration 4,792 0
Loyalize
   
Non-Cash investing activities:    
Common stock and restricted stock units issued in acquisition 0 1,465
PIPE Exchanges
   
Adjustments to reconcile net loss to net cash used in operating activities:    
Employee stock options - share based compensation $ 1,231 $ 0