| Condensed Balance Sheet |
Consolidated Balance Sheet
as of June 30, 2018 (Unaudited)
(in thousands, except par value and share amounts)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Parent |
|
Guarantor Subsidiaries |
|
Non-Guarantor Subsidiaries |
|
Consolidated Total |
ASSETS |
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
Cash |
|
$ |
946 |
|
|
$ |
7,612 |
|
|
$ |
80 |
|
|
$ |
8,638 |
|
Restricted cash |
|
156 |
|
|
175 |
|
|
— |
|
|
331 |
|
Accounts receivable, net of allowance of $790 |
|
— |
|
|
19,102 |
|
|
244 |
|
|
19,346 |
|
Deposits |
|
34 |
|
|
113 |
|
|
4 |
|
|
151 |
|
Prepaid expenses and other current assets |
|
349 |
|
|
443 |
|
|
10 |
|
|
802 |
|
Current assets held for disposal |
|
— |
|
|
4,053 |
|
|
340 |
|
|
4,393 |
|
Total current assets |
|
1,485 |
|
|
31,498 |
|
|
678 |
|
|
33,661 |
|
Property and equipment, net |
|
267 |
|
|
2,435 |
|
|
9 |
|
|
2,711 |
|
Deferred tax assets |
|
632 |
|
|
— |
|
|
— |
|
|
632 |
|
Intangible assets, net |
|
1 |
|
|
895 |
|
|
— |
|
|
896 |
|
Goodwill |
|
1,065 |
|
|
40,201 |
|
|
1,002 |
|
|
42,268 |
|
Long-term assets held for disposal |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
TOTAL ASSETS |
|
$ |
3,450 |
|
|
$ |
75,029 |
|
|
$ |
1,689 |
|
|
$ |
80,168 |
|
INTERCOMPANY |
|
|
|
|
|
|
|
|
Intercompany payable / (receivable), net |
|
114,746 |
|
|
(98,385 |
) |
|
(16,361 |
) |
|
— |
|
LIABILITIES AND STOCKHOLDERS' EQUITY |
|
|
|
|
|
|
|
|
Current liabilities |
|
|
|
|
|
|
|
|
Accounts payable |
|
$ |
1,015 |
|
|
$ |
17,285 |
|
|
$ |
(8 |
) |
|
$ |
18,292 |
|
Accrued license fees and revenue share |
|
— |
|
|
11,169 |
|
|
322 |
|
|
11,491 |
|
Accrued compensation |
|
489 |
|
|
688 |
|
|
— |
|
|
1,177 |
|
Short-term debt, net of debt issuance costs and discounts of $163 |
|
1,437 |
|
|
— |
|
|
— |
|
|
1,437 |
|
Other current liabilities |
|
1,138 |
|
|
(163 |
) |
|
511 |
|
|
1,486 |
|
Current liabilities held for disposal |
|
— |
|
|
7,610 |
|
|
438 |
|
|
8,048 |
|
Total current liabilities |
|
4,079 |
|
|
36,589 |
|
|
1,263 |
|
|
41,931 |
|
Convertible notes, net of debt issuance costs and discounts of $1,709 |
|
3,991 |
|
|
— |
|
|
— |
|
|
3,991 |
|
Convertible note embedded derivative liability |
|
3,056 |
|
|
— |
|
|
— |
|
|
3,056 |
|
Warrant liability |
|
2,410 |
|
|
— |
|
|
— |
|
|
2,410 |
|
Total liabilities |
|
13,536 |
|
|
36,589 |
|
|
1,263 |
|
|
51,388 |
|
Stockholders' equity |
|
|
|
|
|
|
|
|
Preferred stock |
|
|
|
|
|
|
|
|
Series A convertible preferred stock at $0.0001 par value; 2,000,000 shares authorized, 100,000 issued and outstanding (liquidation preference of $1,000) |
|
100 |
|
|
— |
|
|
— |
|
|
100 |
|
Common stock |
|
|
|
|
|
|
|
|
$0.0001 par value: 200,000,000 shares authorized; 77,145,980 issued and 76,391,381 outstanding at June 30, 2018. |
|
10 |
|
|
— |
|
|
— |
|
|
10 |
|
Additional paid-in capital |
|
318,690 |
|
|
— |
|
|
— |
|
|
318,690 |
|
Treasury stock (754,599 shares at June 30, 2018) |
|
(71 |
) |
|
— |
|
|
— |
|
|
(71 |
) |
Accumulated other comprehensive loss |
|
30 |
|
|
(1,491 |
) |
|
1,136 |
|
|
(325 |
) |
Accumulated deficit |
|
(214,099 |
) |
|
(58,454 |
) |
|
(17,071 |
) |
|
(289,624 |
) |
Total stockholders' equity |
|
104,660 |
|
|
(59,945 |
) |
|
(15,935 |
) |
|
28,780 |
|
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY |
|
$ |
118,196 |
|
|
$ |
(23,356 |
) |
|
$ |
(14,672 |
) |
|
$ |
80,168 |
|
Consolidated Balance Sheet
as of March 31, 2018 (Unaudited)
(in thousands, except par value and share amounts)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Parent |
|
Guarantor Subsidiaries |
|
Non-Guarantor Subsidiaries |
|
Consolidated Total |
ASSETS |
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
Cash |
|
$ |
501 |
|
|
$ |
11,800 |
|
|
$ |
419 |
|
|
$ |
12,720 |
|
Restricted cash |
|
156 |
|
|
175 |
|
|
— |
|
|
331 |
|
Accounts receivable, net of allowance of $512 |
|
— |
|
|
16,777 |
|
|
273 |
|
|
17,050 |
|
Deposits |
|
34 |
|
|
113 |
|
|
4 |
|
|
151 |
|
Prepaid expenses and other current assets |
|
330 |
|
|
406 |
|
|
14 |
|
|
750 |
|
Current assets held for disposal |
|
— |
|
|
8,610 |
|
|
143 |
|
|
8,753 |
|
Total current assets |
|
1,021 |
|
|
37,881 |
|
|
853 |
|
|
39,755 |
|
Property and equipment, net |
|
257 |
|
|
2,485 |
|
|
15 |
|
|
2,757 |
|
Deferred tax assets |
|
596 |
|
|
— |
|
|
— |
|
|
596 |
|
Intangible assets, net |
|
— |
|
|
1,231 |
|
|
— |
|
|
1,231 |
|
Goodwill |
|
— |
|
|
41,268 |
|
|
1,000 |
|
|
42,268 |
|
TOTAL ASSETS |
|
$ |
1,874 |
|
|
$ |
82,865 |
|
|
$ |
1,868 |
|
|
$ |
86,607 |
|
INTERCOMPANY |
|
|
|
|
|
|
|
|
Intercompany payable / (receivable), net |
|
117,873 |
|
|
(114,234 |
) |
|
(3,639 |
) |
|
— |
|
LIABILITIES AND STOCKHOLDERS' EQUITY |
|
|
|
|
|
|
|
|
Current liabilities |
|
|
|
|
|
|
|
|
Accounts payable |
|
$ |
1,031 |
|
|
$ |
18,841 |
|
|
$ |
23 |
|
|
$ |
19,895 |
|
Accrued license fees and revenue share |
|
— |
|
|
7,989 |
|
|
243 |
|
|
8,232 |
|
Accrued compensation |
|
2,285 |
|
|
661 |
|
|
20 |
|
|
2,966 |
|
Short-term debt, net of debt issuance costs and discounts of $205 |
|
1,445 |
|
|
— |
|
|
— |
|
|
1,445 |
|
Other current liabilities |
|
911 |
|
|
231 |
|
|
— |
|
|
1,142 |
|
Current liabilities held for disposal |
|
— |
|
|
12,246 |
|
|
480 |
|
|
12,726 |
|
Total current liabilities |
|
5,672 |
|
|
39,968 |
|
|
766 |
|
|
46,406 |
|
Convertible notes, net of debt issuance costs and discounts of $1,827 |
|
3,873 |
|
|
— |
|
|
— |
|
|
3,873 |
|
Convertible note embedded derivative liability |
|
3,218 |
|
|
— |
|
|
— |
|
|
3,218 |
|
Warrant liability |
|
1,076 |
|
|
— |
|
|
— |
|
|
1,076 |
|
Total liabilities |
|
18,201 |
|
|
39,968 |
|
|
766 |
|
|
58,935 |
|
Stockholders' equity |
|
|
|
|
|
|
|
|
Preferred stock |
|
|
|
|
|
|
|
|
Series A convertible preferred stock at $0.0001 par value; 2,000,000 shares authorized, 100,000 issued and outstanding (liquidation preference of $1,000) |
|
100 |
|
|
— |
|
|
— |
|
|
100 |
|
Common stock |
|
|
|
|
|
|
|
|
$0.0001 par value: 200,000,000 shares authorized; 76,843,278 issued and 76,108,822 outstanding at March 31, 2018 |
|
10 |
|
|
— |
|
|
— |
|
|
10 |
|
Additional paid-in capital |
|
318,066 |
|
|
— |
|
|
— |
|
|
318,066 |
|
Treasury stock (754,599 shares at March 31, 2018) |
|
(71 |
) |
|
— |
|
|
— |
|
|
(71 |
) |
Accumulated other comprehensive loss |
|
(15 |
) |
|
(621 |
) |
|
311 |
|
|
(325 |
) |
Accumulated deficit |
|
(216,544 |
) |
|
(70,716 |
) |
|
(2,848 |
) |
|
(290,108 |
) |
Total stockholders' equity |
|
101,546 |
|
|
(71,337 |
) |
|
(2,537 |
) |
|
27,672 |
|
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY |
|
$ |
119,747 |
|
|
$ |
(31,369 |
) |
|
$ |
(1,771 |
) |
|
$ |
86,607 |
|
|
| Condensed Income Statement |
Consolidated Statement of Operations and Comprehensive Loss
for the three months ended June 30, 2018 (Unaudited)
(in thousands, except par value and share amounts)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Parent |
|
Guarantor Subsidiaries |
|
Non-Guarantor Subsidiaries |
|
Elimination |
|
Consolidated Total |
Net revenues |
|
$ |
— |
|
|
$ |
40,927 |
|
|
$ |
204 |
|
|
$ |
(19,019 |
) |
|
$ |
22,112 |
|
Cost of revenues |
|
|
|
|
|
|
|
|
|
|
License fees and revenue share |
|
— |
|
|
34,145 |
|
|
90 |
|
|
(19,019 |
) |
|
15,216 |
|
Other direct cost of revenues |
|
— |
|
|
507 |
|
|
— |
|
|
— |
|
|
507 |
|
Total cost of revenues |
|
— |
|
|
34,652 |
|
|
90 |
|
|
(19,019 |
) |
|
15,723 |
|
Gross profit |
|
— |
|
|
6,275 |
|
|
114 |
|
|
— |
|
|
6,389 |
|
Operating expenses |
|
|
|
|
|
|
|
|
|
|
Product development |
|
90 |
|
|
2,904 |
|
|
115 |
|
|
— |
|
|
3,109 |
|
Sales and marketing |
|
124 |
|
|
1,508 |
|
|
204 |
|
|
— |
|
|
1,836 |
|
General and administrative |
|
1,162 |
|
|
1,490 |
|
|
52 |
|
|
— |
|
|
2,704 |
|
Total operating expenses |
|
1,376 |
|
|
5,902 |
|
|
371 |
|
|
— |
|
|
7,649 |
|
Income / (loss) from operations |
|
(1,376 |
) |
|
373 |
|
|
(257 |
) |
|
— |
|
|
(1,260 |
) |
Interest and other income / (expense), net |
|
|
|
|
|
|
|
|
|
|
Interest income / (expense) |
|
(320 |
) |
|
1 |
|
|
— |
|
|
— |
|
|
(319 |
) |
Foreign exchange transaction gain / (loss) |
|
— |
|
|
10 |
|
|
(2 |
) |
|
— |
|
|
8 |
|
Change in fair value of convertible note embedded derivative liability |
|
1,620 |
|
|
— |
|
|
— |
|
|
— |
|
|
1,620 |
|
Change in fair value of warrant liability |
|
1,570 |
|
|
— |
|
|
— |
|
|
— |
|
|
1,570 |
|
Other income / (expense) |
|
894 |
|
|
(1,016 |
) |
|
(5 |
) |
|
— |
|
|
(127 |
) |
Total interest and other income / (expense), net |
|
3,764 |
|
|
(1,005 |
) |
|
(7 |
) |
|
— |
|
|
2,752 |
|
Income / (loss) from operations before income taxes |
|
2,388 |
|
|
(632 |
) |
|
(264 |
) |
|
— |
|
|
1,492 |
|
Income tax benefit |
|
(36 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(36 |
) |
Net income / (loss) from continuing operations, net of taxes |
|
2,424 |
|
|
(632 |
) |
|
(264 |
) |
|
— |
|
|
1,528 |
|
|
|
|
|
|
|
|
|
|
|
|
Income / (loss) from operations of discontinued components |
|
(37 |
) |
|
(1,016 |
) |
|
9 |
|
|
— |
|
|
(1,044 |
) |
Net loss from discontinued operations, net of taxes |
|
(37 |
) |
|
(1,016 |
) |
|
9 |
|
|
— |
|
|
(1,044 |
) |
Net income / (loss) |
|
$ |
2,387 |
|
|
$ |
(1,648 |
) |
|
$ |
(255 |
) |
|
$ |
— |
|
|
$ |
484 |
|
Comprehensive income / (loss) |
|
$ |
2,387 |
|
|
$ |
(1,648 |
) |
|
$ |
(255 |
) |
|
$ |
— |
|
|
$ |
484 |
|
Consolidated Statement of Operations and Comprehensive Loss
for the three months ended June 30, 2017 (Unaudited)
(in thousands, except par value and share amounts)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Parent |
|
Guarantor Subsidiaries |
|
Non-Guarantor Subsidiaries |
|
Elimination |
|
Consolidated Total |
Net revenues |
|
$ |
— |
|
|
$ |
27,067 |
|
|
$ |
250 |
|
|
$ |
(12,164 |
) |
|
$ |
15,153 |
|
Cost of revenues |
|
|
|
|
|
|
|
|
|
|
License fees and revenue share |
|
— |
|
|
21,721 |
|
|
35 |
|
|
(12,164 |
) |
|
9,592 |
|
Other direct cost of revenues |
|
— |
|
|
195 |
|
|
214 |
|
|
— |
|
|
409 |
|
Total cost of revenues |
|
— |
|
|
21,916 |
|
|
249 |
|
|
(12,164 |
) |
|
10,001 |
|
Gross profit |
|
— |
|
|
5,151 |
|
|
1 |
|
|
— |
|
|
5,152 |
|
Operating expenses |
|
|
|
|
|
|
|
|
|
|
Product development |
|
5 |
|
|
2,157 |
|
|
12 |
|
|
— |
|
|
2,174 |
|
Sales and marketing |
|
102 |
|
|
982 |
|
|
53 |
|
|
— |
|
|
1,137 |
|
General and administrative |
|
2,252 |
|
|
1,032 |
|
|
74 |
|
|
— |
|
|
3,358 |
|
Total operating expenses |
|
2,359 |
|
|
4,171 |
|
|
139 |
|
|
— |
|
|
6,669 |
|
Income / (loss) from operations |
|
(2,359 |
) |
|
980 |
|
|
(138 |
) |
|
— |
|
|
(1,517 |
) |
Interest and other income / (expense), net |
|
|
|
|
|
|
|
|
|
|
Interest income / (expense) |
|
(710 |
) |
|
3 |
|
|
— |
|
|
— |
|
|
(707 |
) |
Foreign exchange transaction loss |
|
— |
|
|
(63 |
) |
|
— |
|
|
— |
|
|
(63 |
) |
Change in fair value of convertible note embedded derivative liability |
|
(1,308 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(1,308 |
) |
Change in fair value of warrant liability |
|
(464 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(464 |
) |
Other income |
|
3 |
|
|
— |
|
|
— |
|
|
— |
|
|
3 |
|
Total interest and other income / (expense), net |
|
(2,479 |
) |
|
(60 |
) |
|
— |
|
|
— |
|
|
(2,539 |
) |
Income / (loss) from continuing operations before income taxes |
|
(4,838 |
) |
|
920 |
|
|
(138 |
) |
|
— |
|
|
(4,056 |
) |
Income tax provision |
|
31 |
|
|
— |
|
|
— |
|
|
— |
|
|
31 |
|
Net income / (loss) from continuing operations, net of taxes |
|
(4,869 |
) |
|
920 |
|
|
(138 |
) |
|
— |
|
|
(4,087 |
) |
|
|
|
|
|
|
|
|
|
|
|
Loss from operations of discontinued components |
|
— |
|
|
(44 |
) |
|
(44 |
) |
|
— |
|
|
(88 |
) |
Net loss from discontinued operations, net of taxes |
|
— |
|
|
(44 |
) |
|
(44 |
) |
|
— |
|
|
(88 |
) |
Net income / (loss) |
|
$ |
(4,869 |
) |
|
$ |
876 |
|
|
$ |
(182 |
) |
|
$ |
— |
|
|
$ |
(4,175 |
) |
Other comprehensive income / (loss) |
|
|
|
|
|
|
|
|
|
|
Foreign currency translation adjustment |
|
— |
|
|
(216 |
) |
|
216 |
|
|
— |
|
|
— |
|
Comprehensive income / (loss) |
|
$ |
(4,869 |
) |
|
$ |
660 |
|
|
$ |
34 |
|
|
$ |
— |
|
|
$ |
(4,175 |
) |
|
| Condensed Cash Flow Statement |
Consolidated Statement of Cash Flows
for the three months ended June 30, 2018 (Unaudited)
(in thousands, except par value and share amounts)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Parent |
|
Guarantor Subsidiaries |
|
Non-Guarantor Subsidiaries |
|
Consolidated Total |
Cash flows from operating activities |
|
|
|
|
|
|
|
|
Net income / (loss) |
|
$ |
2,424 |
|
|
$ |
(632 |
) |
|
$ |
(264 |
) |
|
$ |
1,528 |
|
Adjustments to reconcile net income / (loss) to net cash used in operating activities: |
|
|
|
|
|
|
|
|
Depreciation and amortization |
|
8 |
|
|
719 |
|
|
2 |
|
|
729 |
|
Change in allowance for doubtful accounts |
|
— |
|
|
238 |
|
|
40 |
|
|
278 |
|
Amortization of debt discount and debt issuance costs |
|
161 |
|
|
— |
|
|
— |
|
|
161 |
|
Stock-based compensation |
|
463 |
|
|
— |
|
|
— |
|
|
463 |
|
Stock-based compensation for services rendered
|
|
85 |
|
|
— |
|
|
— |
|
|
85 |
|
Change in fair value of convertible note embedded derivative liability |
|
(1,620 |
) |
|
— |
|
|
— |
|
|
(1,620 |
) |
Change in fair value of warrant liability |
|
(1,570 |
) |
|
— |
|
|
— |
|
|
(1,570 |
) |
(Increase) / decrease in assets: |
|
|
|
|
|
|
|
|
Accounts receivable |
|
— |
|
|
(2,735 |
) |
|
161 |
|
|
(2,574 |
) |
Deferred tax assets |
|
(36 |
) |
|
— |
|
|
— |
|
|
(36 |
) |
Prepaid expenses and other current assets |
|
(19 |
) |
|
43 |
|
|
(76 |
) |
|
(52 |
) |
Increase / (decrease) in liabilities: |
|
|
|
|
|
|
|
|
Accounts payable |
|
(15 |
) |
|
(1,557 |
) |
|
(31 |
) |
|
(1,603 |
) |
Accrued license fees and revenue share |
|
— |
|
|
3,180 |
|
|
79 |
|
|
3,259 |
|
Accrued compensation |
|
(1,784 |
) |
|
34 |
|
|
(31 |
) |
|
(1,781 |
) |
Accrued interest |
|
135 |
|
|
— |
|
|
— |
|
|
135 |
|
Other current liabilities |
|
3,237 |
|
|
(3,114 |
) |
|
86 |
|
|
209 |
|
Other non-current liabilities |
|
— |
|
|
(6 |
) |
|
— |
|
|
(6 |
) |
Cash provided by / (used in) operating activities - continuing operations |
|
1,469 |
|
|
(3,830 |
) |
|
(34 |
) |
|
(2,395 |
) |
Cash used in operating activities - discontinued operations |
|
— |
|
|
(903 |
) |
|
(321 |
) |
|
(1,224 |
) |
Net cash provided by / (used in) operating activities |
|
1,469 |
|
|
(4,733 |
) |
|
(355 |
) |
|
(3,619 |
) |
|
|
|
|
|
|
|
|
|
Cash flows from investing activities |
|
|
|
|
|
|
|
|
Capital expenditures |
|
(1,013 |
) |
|
586 |
|
|
16 |
|
|
(411 |
) |
Cash provided by / (used in) investing activities - continuing operations |
|
(1,013 |
) |
|
586 |
|
|
16 |
|
|
(411 |
) |
Cash used in investing activities - discontinued operations |
|
— |
|
|
(41 |
) |
|
— |
|
|
(41 |
) |
Net cash provided by / (used in) investing activities |
|
(1,013 |
) |
|
545 |
|
|
16 |
|
|
(452 |
) |
|
|
|
|
|
|
|
|
|
Cash flows from financing activities |
|
|
|
|
|
|
|
|
Options exercised |
|
39 |
|
|
— |
|
|
— |
|
|
39 |
|
Repayment of debt obligations |
|
(50 |
) |
|
— |
|
|
— |
|
|
(50 |
) |
Net cash used in financing activities |
|
(11 |
) |
|
— |
|
|
— |
|
|
(11 |
) |
|
|
|
|
|
|
|
|
|
Net change in cash |
|
445 |
|
|
(4,188 |
) |
|
(339 |
) |
|
(4,082 |
) |
|
|
|
|
|
|
|
|
|
Cash and restricted cash, beginning of period |
|
657 |
|
|
11,975 |
|
|
419 |
|
|
13,051 |
|
|
|
|
|
|
|
|
|
|
Cash and restricted cash, end of period |
|
$ |
1,102 |
|
|
$ |
7,787 |
|
|
$ |
80 |
|
|
$ |
8,969 |
|
Consolidated Statement of Cash Flows
for the three months ended June 30, 2017 (Unaudited)
(in thousands, except par value and share amounts)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Parent |
|
Guarantor Subsidiaries |
|
Non-Guarantor Subsidiaries |
|
Consolidated Total |
Cash flows from operating activities |
|
|
|
|
|
|
|
|
Net income / (loss) |
|
$ |
(4,869 |
) |
|
$ |
920 |
|
|
$ |
(138 |
) |
|
$ |
(4,087 |
) |
Adjustments to reconcile net income / (loss) to net cash used in operating activities: |
|
|
|
|
|
|
|
|
Depreciation and amortization |
|
34 |
|
|
418 |
|
|
176 |
|
|
628 |
|
Change in allowance for doubtful accounts |
|
— |
|
|
146 |
|
|
— |
|
|
146 |
|
Amortization of debt discount and debt issuance costs |
|
353 |
|
|
— |
|
|
— |
|
|
353 |
|
Stock-based compensation |
|
715 |
|
|
— |
|
|
— |
|
|
715 |
|
Stock-based compensation for services rendered
|
|
76 |
|
|
— |
|
|
— |
|
|
76 |
|
Change in fair value of convertible note embedded derivative liability |
|
1,308 |
|
|
— |
|
|
— |
|
|
1,308 |
|
Change in fair value of warrant liability |
|
464 |
|
|
— |
|
|
— |
|
|
464 |
|
(Increase) / decrease in assets: |
|
|
|
|
|
|
|
|
Accounts receivable |
|
— |
|
|
(2,939 |
) |
|
(180 |
) |
|
(3,119 |
) |
Prepaid expenses and other current assets |
|
(52 |
) |
|
(18 |
) |
|
(2 |
) |
|
(72 |
) |
Increase / (decrease) in liabilities: |
|
|
|
|
|
|
|
|
Accounts payable |
|
236 |
|
|
(1,117 |
) |
|
(26 |
) |
|
(907 |
) |
Accrued license fees and revenue share |
|
— |
|
|
2,857 |
|
|
48 |
|
|
2,905 |
|
Accrued compensation |
|
— |
|
|
98 |
|
|
— |
|
|
98 |
|
Accrued interest |
|
344 |
|
|
— |
|
|
— |
|
|
344 |
|
Other current liabilities |
|
110 |
|
|
(643 |
) |
|
— |
|
|
(533 |
) |
Other non-current liabilities |
|
67 |
|
|
6 |
|
|
— |
|
|
73 |
|
Intercompany movement of cash |
|
(729 |
) |
|
1,061 |
|
|
(332 |
) |
|
— |
|
Cash provided by / (used in) operating activities - continuing operations |
|
(1,943 |
) |
|
789 |
|
|
(454 |
) |
|
(1,608 |
) |
Cash provided by / (used in) operating activities - discontinued operations |
|
— |
|
|
222 |
|
|
(18 |
) |
|
204 |
|
Net cash provided by / (used in) operating activities |
|
(1,943 |
) |
|
1,011 |
|
|
(472 |
) |
|
(1,404 |
) |
|
|
|
|
|
|
|
|
|
Cash flows from investing activities |
|
|
|
|
|
|
|
|
Capital expenditures |
|
— |
|
|
(365 |
) |
|
— |
|
|
(365 |
) |
Cash provided by / (used in) investing activities - continuing operations |
|
|
|
(365 |
) |
|
— |
|
|
(365 |
) |
Cash provided by / (used in) investing activities - discontinued operations |
|
|
|
(9 |
) |
|
|
|
(9 |
) |
Net cash used in investing activities |
|
— |
|
|
(374 |
) |
|
— |
|
|
(374 |
) |
|
|
|
|
|
|
|
|
|
Cash flows from financing activities |
|
|
|
|
|
|
|
|
Proceeds from short-term borrowings |
|
2,250 |
|
|
— |
|
|
— |
|
|
2,250 |
|
Payment of debt issuance costs |
|
(320 |
) |
|
— |
|
|
— |
|
|
(320 |
) |
Options exercised |
|
9 |
|
|
— |
|
|
— |
|
|
9 |
|
Net cash provided by financing activities |
|
1,939 |
|
|
— |
|
|
— |
|
|
1,939 |
|
|
|
|
|
|
|
|
|
|
Effect of exchange rate changes on cash |
|
— |
|
|
(8 |
) |
|
— |
|
|
(8 |
) |
|
|
|
|
|
|
|
|
|
Net change in cash |
|
(4 |
) |
|
629 |
|
|
(472 |
) |
|
153 |
|
|
|
|
|
|
|
|
|
|
Cash and restricted cash, beginning of period |
|
413 |
|
|
5,510 |
|
|
557 |
|
|
6,480 |
|
|
|
|
|
|
|
|
|
|
Cash and restricted cash, end of period |
|
$ |
409 |
|
|
$ |
6,139 |
|
|
$ |
85 |
|
|
$ |
6,633 |
|
|