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Subsequent Events | 12 Months Ended
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Jun. 30, 2020
Subsequent Events [Abstract] |
Subsequent Events | (16) Subsequent Events On August 11, 2020, the Company terminated its lease of its office space located in Austin, Texas. The lease termination is part of an overall plan to optimize the Company’s cash flows in the COVID-19 era. The Company expects to incur a total impact to its consolidated statements of operations of approximately $552 thousand in connection with the lease termination, comprised of a write-off of net leasehold improvement assets of approximately $237 thousand, a write-off of net operating ROU asset and liability of $33 thousand, and contract termination costs of approximately $350 thousand, partially offset by the recovery of a security deposit of $72 thousand. The Company anticipates that the termination of this lease will save the Company an estimated $1.2 million over the original lease term. On August 24, 2020, the Company entered into (1) the Omnibus Amendment to the Secured Promissory Notes (the “Amended Notes”) with Mr. Pickens, in connection with Note No. 1, dated September 5, 2019, in the original aggregate principal amount of $1.5 million and Note No. 2, dated February 13, 2020, in the original aggregate principal amount of $1.0 million (collectively, the “Original Notes”) and (2) the Omnibus Amendment to the Security Agreements (the “Amended Security Agreements”, and together with the Amended Notes, the “Amendments”) with certain subsidiaries of the Company signatory thereto and the holder of the Original Notes, in connection with the Security Agreements between the Company, certain subsidiaries of the Company signatory thereto and the holder of the Original Notes, dated as of September 5, 2019 and February 13, 2020, respectively (the “Original Security Agreements”). Pursuant to the Original Notes and the Original Security Agreements, the principal amount and accrued interest on the Original Notes were due and payable on September 5, 2020. Pursuant to the Amendments, the principal amount and accrued interest on the Amended Notes are due and payable on September 5, 2021. In addition, the Subsidiaries (as defined in the Subsidiary Guarantee) jointly and severally agreed to guarantee and act as surety for the Company’s obligation to repay the Original Notes pursuant to subsidiary guarantees, dated September 5, 2019 and February 13, 2020, respectively, as amended by the Omnibus Amendments to Subsidiary Guarantees, dated August 24, 2020.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6842918&loc=SL6314017-165662 + Details
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