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REVENUE (Tables) | 12 Months Ended
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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 |

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- Definition Tabular disclosure of contract balances and changes in contract balances. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=118956577&loc=SL49130551-203045 + Details
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