Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands |
12 Months Ended |
Jun. 30, 2016 |
Jun. 30, 2015 |
| Net revenues |
$ 11,929
|
$ 16,042
|
| Cost of revenues |
9,185
|
11,293
|
| Gross profit |
2,744
|
4,749
|
| Expenses: |
|
|
| Sales and marketing |
2,148
|
2,974
|
| Research and development |
3,230
|
5,939
|
| General and administrative |
8,231
|
10,695
|
| Total operating expenses |
13,609
|
19,608
|
| Loss from operations |
(10,865)
|
(14,859)
|
| Other income (expense): |
|
|
| Amortization of debt discount |
(6,127)
|
|
| Fair value change of derivative instruments |
3,395
|
|
| Interest expense |
(1,864)
|
(14)
|
| Registration rights liquidated damages |
(1,100)
|
|
| Loss on cashless exercise of warrants |
(1,039)
|
|
| Loss on extinguishment of debt |
(795)
|
|
| Loss on modification of Series A warrants |
(149)
|
|
| Other income and (expenses) |
(44)
|
21
|
| Total other income (expense) |
(7,723)
|
7
|
| Net loss |
(18,588)
|
(14,852)
|
| COMPREHENSIVE LOSS |
|
|
| Net loss |
(18,588)
|
(14,852)
|
| Foreign currency translation adjustments |
(32)
|
(63)
|
| Comprehensive loss |
$ (18,620)
|
$ (14,915)
|
| Per share data: |
|
|
| Basic and diluted net loss per common share (in dollars per share) |
$ (7.57)
|
$ (7.36)
|
| Weighted average common shares outstanding – Basic and diluted (in shares) |
2,455,548
|
2,017,597
|