XML 18 R7.htm IDEA: XBRL DOCUMENT v3.19.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows provided by (used in) operating activities:    
Net (loss) income $ (132) $ 17,785
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:    
Depreciation and amortization 55 606
Share-based compensation 134 2,256
Recovery of provision for excess and obsolete inventories 0 (23)
Provision for credit losses on advances 838 0
Deferred taxes, net (77) (1,186)
Non-cash accretion of interest income (804) (129)
Payment-in-kind interest income (633) 0
Realized gain on investments, net (727) 0
Unrealized loss on investments, net 2,167 0
Foreign currency exchange losses 0 268
Gain on sale of Content Delivery business, net 0 (22,554)
Decrease (increase) in assets:    
Accounts receivable (10) 118
Inventories 0 (146)
Prepaid expenses and other current assets 247 (510)
Other long-term assets (33) 417
Increase (decrease) in liabilities:    
Accounts payable and accrued expenses (654) (5,459)
Deferred revenue 0 1,337
Pension and other long-term liabilities 140 (408)
Net cash provided by (used in) operating activities 511 (7,628)
Cash flows (used in) provided by investing activities:    
Additions to property and equipment (6) (271)
Origination and fundings of mortgage and commercial loans receivable (7,466) 0
Collections of mortgage and commercial loans receivable 4,378 0
Fundings of cash advances receivable (17,704) 0
Collections of cash advances receivable 6,515 0
Acquisition of LuxeMark Capital, LLC (1,212) 0
Proceeds from sale or maturity of securities 9,529 11,733
Purchases of securities (12,995) (18,613)
Proceeds from sale of Content Delivery business, net of cash transferred 1,450 28,256
Net cash (used in) provided by investing activities (17,511) 21,105
Cash flows used in financing activities:    
Purchase of common stock for retirement (1,318) (1,840)
Dividends paid (1) (2,652)
Net cash used in financing activities (1,319) (4,492)
Effect of exchange rates on cash and cash equivalents (8) 3
(Decrease) Increase in cash and cash equivalents (18,327) 8,988
Cash and cash equivalents - beginning of year 32,992 35,893
Cash and cash equivalents - end of period 14,665 44,881
Cash paid during the period for:    
Interest 0 0
Income taxes, net of refunds 295 1,052
Non-cash investing and financing activities:    
Unsettled investment in available-for-sale security $ 0 $ 2,675