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FRESH START ACCOUNTING (Details)
$ in Thousands
Jul. 11, 2013
USD ($)
Current assets  
Cash and cash equivalents $ 717
Prepaid expenses and other current assets 237
Total current assets 954
TOTAL ASSETS 954
Current liabilities  
Accounts payable and accrued expenses 15,566
Note payable 2,614
Total current liabilities 18,180
TOTAL LIABILITIES 18,180
COMMITMENTS AND CONTINGENCIES 0
SHAREHOLDERS' (DEFICIT) EQUITY  
Convertible preferred stock - par value $.000001, 5,000,000,000 shares authorized, 4,600,000,000 shares issued and outstanding at July 11, 2013; no shares authorized, issued or outstanding at June 30, 2013 0
Common stock - par value $.000001, 100,000,000,000 shares authorized, 400,000,000 shares issued and outstanding at July 11, 2013; par value $.01, 100,000,000 authorized and outstanding at June 30, 2013. 1,000
Additional paid-in capital 182,281
Common stock, held in treasury, at cost, 0 and 681,509 shares at July 11, 2013 and June 30, 2013, respectively. (4,981)
Accumulated income (deficit) (195,526)
TOTAL SHAREHOLDERS EQUITY/ DEFICIENCY (17,226)
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY/ DEFICIENCY 954
Current assets  
Cash and cash equivalents 0
Total current assets 0
TOTAL ASSETS 0
Current liabilities  
Accounts payable and accrued expenses [1] (15,395)
Note payable [2] (2,614)
Total current liabilities (18,009)
TOTAL LIABILITIES (18,009)
COMMITMENTS AND CONTINGENCIES 0
STOCKHOLDERS' EQUITY/ DEFICIENCY  
Convertible preferred stock - par value $.000001, 5,000,000,000 shares authorized, 4,600,000,000 shares issued and outstanding at July 11, 2013; no shares authorized, issued or outstanding at June 30, 2013 [2] 5
Common stock - par value $.000001, 100,000,000,000 shares authorized, 400,000,000 shares issued and outstanding at July 11, 2013; par value $.01, 100,000,000 authorized and outstanding at June 30, 2013. [3] (1,000)
Additional paid-in capital [4] (182,281)
Fresh start adjustment additional paid in capital adjustment [5] 778
Common stock, held in treasury, at cost, 0 and 681,509 shares at July 11, 2013 and June 30, 2013, respectively. [4] 4,981
Accumulated income (deficit) [3] 195,526
TOTAL SHAREHOLDERS EQUITY/ DEFICIENCY 18,009
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY/ DEFICIENCY 0
Current assets  
Cash and cash equivalents 717
Prepaid expenses and other current assets 237
Total current assets 954
TOTAL ASSETS 954
Current liabilities  
Accounts payable and accrued expenses 171
Note payable 0
Total current liabilities 171
TOTAL LIABILITIES 171
COMMITMENTS AND CONTINGENCIES 0
STOCKHOLDERS' EQUITY/ DEFICIENCY  
Convertible preferred stock - par value $.000001, 5,000,000,000 shares authorized, 4,600,000,000 shares issued and outstanding at July 11, 2013; no shares authorized, issued or outstanding at June 30, 2013 5
Common stock - par value $.000001, 100,000,000,000 shares authorized, 400,000,000 shares issued and outstanding at July 11, 2013; par value $.01, 100,000,000 authorized and outstanding at June 30, 2013. 0
Additional paid-in capital 0
Postconfirmation additional paid in capital adjustment 778
Common stock, held in treasury, at cost, 0 and 681,509 shares at July 11, 2013 and June 30, 2013, respectively. 0
Accumulated income (deficit) 0
TOTAL SHAREHOLDERS EQUITY/ DEFICIENCY 783
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY/ DEFICIENCY $ 954
[1] To record conversion of pre-petition Accounts Payable to 300,000,000, $0.000001 par value common shares, in accordance with the new post-bankruptcy capital structure
[2] To record conversion of note payable to 4,600,000,000, $0.000001 par value shares of convertible preferred stock, in accordance with the new post-bankruptcy petition capital structure
[3] To reduce the total par value of stock held by the pre-petition stockholders to $100, in accordance with the new post-bankruptcy capital structure
[4] To eliminate Treasury Stock. APIC and Accumulated Deficit as of July 11, 2013
[5] Elimination of Predecessor Company accumulated deficit July 1, 2013 to July 11, 2013