Investor Relations
The Viggle Platform had an average monthly total reach of 26 million for the three months ended December 2014, including over 7.9 million Viggle registered users.
Financials
|
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified |
Mar. 31, 2015
|
Jun. 30, 2014
|
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 715us-gaap_Cash | $ 7us-gaap_Cash |
| Accounts receivable (net of allowance for doubtful accounts of $95 at March 31, 2015 and June 30, 2014) | 2,875us-gaap_AccountsReceivableNetCurrent | 3,962us-gaap_AccountsReceivableNetCurrent |
| Prepaid expenses | 875us-gaap_PrepaidExpenseCurrent | 949us-gaap_PrepaidExpenseCurrent |
| Other receivables | 480us-gaap_OtherReceivablesNetCurrent | 80us-gaap_OtherReceivablesNetCurrent |
| Restricted cash | 0us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue | 5,000us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue |
| Total current assets | 4,945us-gaap_AssetsCurrent | 9,998us-gaap_AssetsCurrent |
| Restricted cash | 695us-gaap_RestrictedCashAndCashEquivalentsNoncurrent | 700us-gaap_RestrictedCashAndCashEquivalentsNoncurrent |
| Property & equipment, net | 2,607us-gaap_PropertyPlantAndEquipmentNet | 2,613us-gaap_PropertyPlantAndEquipmentNet |
| Intangible assets, net | 25,145us-gaap_FiniteLivedIntangibleAssetsNet | 28,810us-gaap_FiniteLivedIntangibleAssetsNet |
| Goodwill | 37,182us-gaap_Goodwill | 36,627us-gaap_Goodwill |
| Other assets | 309us-gaap_OtherAssets | 351us-gaap_OtherAssets |
| Total assets | 70,883us-gaap_Assets | 79,099us-gaap_Assets |
| Current liabilities: | ||
| Accounts payable and accrued expenses | 10,532us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent | 7,810us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent |
| Reward points payable | 7,956vggl_RewardPointsPayable | 4,927vggl_RewardPointsPayable |
| Contingent consideration liability | 4,792vggl_BusinessCombinationContingentConsiderationLiabilityCurrent | 4,792vggl_BusinessCombinationContingentConsiderationLiabilityCurrent |
| Common stock warrant liability | 10vggl_CommonStockWarrantLiability | 15vggl_CommonStockWarrantLiability |
| Deferred revenue | 609us-gaap_DeferredRevenue | 911us-gaap_DeferredRevenue |
| Current portion of loan payable | 4,750us-gaap_LoansPayableCurrent | 15,000us-gaap_LoansPayableCurrent |
| Total current liabilities | 28,649us-gaap_LiabilitiesCurrent | 33,455us-gaap_LiabilitiesCurrent |
| Loan payable, less current portion | 19,466us-gaap_LongTermLoansPayable | 0us-gaap_LongTermLoansPayable |
| Deferred revenue | 3,979us-gaap_EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability | 4,354us-gaap_EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability |
| Other long-term liabilities | 2,492us-gaap_OtherLiabilitiesNoncurrent | 1,488us-gaap_OtherLiabilitiesNoncurrent |
| Total liabilities | 54,586us-gaap_Liabilities | 39,297us-gaap_Liabilities |
| Commitments and contingencies | ||
| Stockholders’ equity: | ||
| Common stock, $0.001 par value: authorized 300,000,000 shares, issued and outstanding 16,901,738 and 15,743,541 shares as of March 31, 2015 and June 30, 2014, respectively | 16us-gaap_CommonStockValue | 16us-gaap_CommonStockValue |
| Additional paid-in-capital | 366,042us-gaap_AdditionalPaidInCapital | 340,163us-gaap_AdditionalPaidInCapital |
| Treasury stock, 215,164 and 211,414 shares at March 31, 2015 and June 30, 2014, respectively | (11,916)us-gaap_TreasuryStockValue | (11,556)us-gaap_TreasuryStockValue |
| Accumulated deficit | (349,266)us-gaap_RetainedEarningsAccumulatedDeficit | (288,821)us-gaap_RetainedEarningsAccumulatedDeficit |
| Total stockholders’ equity | 4,876us-gaap_StockholdersEquity | 39,802us-gaap_StockholdersEquity |
| Total liabilities, convertible redeemable preferred stock and stockholders’ equity | 70,883us-gaap_LiabilitiesAndStockholdersEquity | 79,099us-gaap_LiabilitiesAndStockholdersEquity |
| Preferred Class A | ||
| Current liabilities: | ||
| Convertible redeemable preferred stock |
0us-gaap_TemporaryEquityCarryingAmountAttributableToParent / us-gaap_StatementClassOfStockAxis = vggl_SeriesAConvertiblePreferredStockMember |
0us-gaap_TemporaryEquityCarryingAmountAttributableToParent / us-gaap_StatementClassOfStockAxis = vggl_SeriesAConvertiblePreferredStockMember |
| Preferred Class B | ||
| Stockholders’ equity: | ||
| Series B Convertible Preferred Stock, $1,000 stated value, authorized 50,000 shares, issued and outstanding -0- shares as of March 31, 2015 and June 30, 2014 |
0us-gaap_PreferredStockValue / us-gaap_StatementClassOfStockAxis = vggl_SeriesBConvertiblePreferredStockMember |
0us-gaap_PreferredStockValue / us-gaap_StatementClassOfStockAxis = vggl_SeriesBConvertiblePreferredStockMember |
| Preferred Class C | ||
| Current liabilities: | ||
| Convertible redeemable preferred stock |
$ 11,421us-gaap_TemporaryEquityCarryingAmountAttributableToParent / us-gaap_StatementClassOfStockAxis = vggl_SeriesCConvertiblePreferredStockMember |
$ 0us-gaap_TemporaryEquityCarryingAmountAttributableToParent / us-gaap_StatementClassOfStockAxis = vggl_SeriesCConvertiblePreferredStockMember |
| X | ||||||||||
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– Definition
Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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– Definition
Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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– Definition
Excess of issue price over par or stated value of the entity’s capital stock and amounts received from other transactions involving the entity’s stock or stockholders. Includes adjustments to additional paid in capital. Some examples of such adjustments include recording the issuance of debt with a beneficial conversion feature and certain tax consequences of equity instruments awarded to employees. Use this element for the aggregate amount of additional paid-in capital associated with common and preferred stock. For additional paid-in capital associated with only common stock, use the element additional paid in capital, common stock. For additional paid-in capital associated with only preferred stock, use the element additional paid in capital, preferred stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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– Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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– Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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– Details
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| X | ||||||||||
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– Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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– Definition
Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company’s resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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– Definition
Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders’ equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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– Definition
Amount of deferred revenue as of balance sheet date. Deferred revenue represents collections of cash or other assets related to a revenue producing activity for which revenue has not yet been recognized. Generally, an entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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– Definition
Fair value as of the balance sheet date of the embedded derivative or group of embedded derivatives classified as a liability. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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– Definition
Amount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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– Definition
Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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– Definition
Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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– Definition
Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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– Definition
Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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– Details
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| X | ||||||||||
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– Definition
Carrying value as of the balance sheet date of portion of long-term loans payable due within one year or the operating cycle if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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– Definition
Carrying value as of the balance sheet date of loans payable (with maturities initially due after one year or beyond the operating cycle if longer), excluding current portion. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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– Definition
The aggregate carrying amounts, as of the balance sheet date, of assets not separately disclosed in the balance sheet. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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– Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent obligations not separately disclosed in the balance sheet. Noncurrent liabilities are expected to be paid after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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– Definition
The carrying amount of other receivables, net, due within one year of the balance sheet date (or one operating cycle, if longer) from third parties or arising from transactions not separately disclosed. No definition available.
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| X | ||||||||||
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– Definition
Aggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders’ equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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– Definition
Amount of asset related to consideration paid in advance for costs that provide economic benefits within a future period of one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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– Definition
Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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– Definition
The carrying amounts of cash and cash equivalent items which are restricted as to withdrawal or usage. Restrictions may include legally restricted deposits held as compensating balances against short-term borrowing arrangements, contracts entered into with others, or entity statements of intention with regard to particular deposits; however, time deposits and short-term certificates of deposit are not generally included in legally restricted deposits. Excludes compensating balance arrangements that are not agreements which legally restrict the use of cash amounts shown on the balance sheet. For a classified balance sheet represents the current portion only (the noncurrent portion has a separate concept); there is a separate and distinct element for unclassified presentations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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– Definition
Cash and equivalents whose use in whole or in part is restricted for the long-term, generally by contractual agreements or regulatory requirements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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– Definition
The cumulative amount of the reporting entity’s undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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– Definition
Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity’s stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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– Details
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| X | ||||||||||
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– Definition
Carrying amount, attributable to parent, of an entity’s issued and outstanding stock which is not included within permanent equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. Includes stock with a put option held by an ESOP and stock redeemable by a holder only in the event of a change in control of the issuer. No definition available.
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| X | ||||||||||
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– Definition
The amount allocated to treasury stock. Treasury stock is common and preferred shares of an entity that were issued, repurchased by the entity, and are held in its treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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– Definition
Business Combination, Contingent Consideration, Liability, Current No definition available.
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| X | ||||||||||
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– Definition
Common Stock Warrant Liability No definition available.
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| X | ||||||||||
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– Definition
Reward Points Payable No definition available.
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| X | ||||||||||
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– Details
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| X | ||||||||||
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– Details
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| X | ||||||||||
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– Details
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Source
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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Mar. 31, 2015
|
Mar. 31, 2014
|
Mar. 31, 2015
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Mar. 31, 2014
|
|
| Income Statement [Abstract] | ||||
| Revenues | $ 5,021us-gaap_Revenues | $ 3,306us-gaap_Revenues | $ 18,680us-gaap_Revenues | $ 12,677us-gaap_Revenues |
| Cost of watchpoints and engagement points | (2,758)vggl_CostOfWatchpointsAndEngagementPoints | 1,148vggl_CostOfWatchpointsAndEngagementPoints | (6,948)vggl_CostOfWatchpointsAndEngagementPoints | (1,509)vggl_CostOfWatchpointsAndEngagementPoints |
| Selling, general and administrative expenses | (21,918)us-gaap_SellingGeneralAndAdministrativeExpense | (18,841)us-gaap_SellingGeneralAndAdministrativeExpense | (70,704)us-gaap_SellingGeneralAndAdministrativeExpense | (61,745)us-gaap_SellingGeneralAndAdministrativeExpense |
| Operating loss | (19,655)us-gaap_OperatingIncomeLoss | (14,387)us-gaap_OperatingIncomeLoss | (58,972)us-gaap_OperatingIncomeLoss | (50,577)us-gaap_OperatingIncomeLoss |
| Other (expense) income: | ||||
| Other income, net | 1vggl_OtherIncomeNet | 529vggl_OtherIncomeNet | 11vggl_OtherIncomeNet | 1,420vggl_OtherIncomeNet |
| Interest expense, net | (935)us-gaap_InterestIncomeExpenseNet | (256)us-gaap_InterestIncomeExpenseNet | (1,419)us-gaap_InterestIncomeExpenseNet | (2,597)us-gaap_InterestIncomeExpenseNet |
| Total other (expense) income | (934)us-gaap_NonoperatingIncomeExpense | 273us-gaap_NonoperatingIncomeExpense | (1,408)us-gaap_NonoperatingIncomeExpense | (1,177)us-gaap_NonoperatingIncomeExpense |
| Net loss before provision for income taxes | (20,589)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | (14,114)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | (60,380)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | (51,754)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest |
| Income tax expense | (22)us-gaap_IncomeTaxExpenseBenefit | (22)us-gaap_IncomeTaxExpenseBenefit | (65)us-gaap_IncomeTaxExpenseBenefit | (68)us-gaap_IncomeTaxExpenseBenefit |
| Net loss | (20,611)us-gaap_NetIncomeLoss | (14,136)us-gaap_NetIncomeLoss | (60,445)us-gaap_NetIncomeLoss | (51,822)us-gaap_NetIncomeLoss |
| Accretion of Convertible Redeemable Preferred Stock | 45us-gaap_TemporaryEquityAccretionToRedemptionValueAdjustment | 176us-gaap_TemporaryEquityAccretionToRedemptionValueAdjustment | 61us-gaap_TemporaryEquityAccretionToRedemptionValueAdjustment | 176us-gaap_TemporaryEquityAccretionToRedemptionValueAdjustment |
| Net loss attributable to common stockholders | $ (20,566)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic | $ (13,960)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic | $ (60,384)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic | $ (51,646)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic |
| Net loss per common share – basic and diluted (usd per share) | $ (1.24)us-gaap_EarningsPerShareBasicAndDiluted | $ (9.32)us-gaap_EarningsPerShareBasicAndDiluted | $ (3.74)us-gaap_EarningsPerShareBasicAndDiluted | $ (42.64)us-gaap_EarningsPerShareBasicAndDiluted |
| Weighted average common shares outstanding – basic and diluted (in shares) | 16,628,988us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted | 1,498,010us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted | 16,133,970us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted | 1,207,050us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted |
| X | ||||||||||
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– Definition
The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. No definition available.
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| X | ||||||||||
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– Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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– Details
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| X | ||||||||||
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– Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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– Definition
The net amount of operating interest income (expense). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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– Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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– Definition
Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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– Definition
The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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– Details
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| X | ||||||||||
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– Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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| X | ||||||||||
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– Definition
Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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– Definition
The aggregate total costs related to selling a firm’s product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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– Definition
Amount of decrease to net income for accretion of temporary equity to its redemption value to derive net income apportioned to common stockholders. No definition available.
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| X | ||||||||||
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– Definition
Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS). No definition available.
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| X | ||||||||||
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– Definition
Cost Of Watchpoints And Engagement Points No definition available.
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| X | ||||||||||
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– Definition
Custom Element. No definition available.
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Source
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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified |
9 Months Ended | |
|---|---|---|
|
Mar. 31, 2015
|
Mar. 31, 2014
|
|
| Operating activities: | ||
| Net loss | $ (60,445)us-gaap_NetIncomeLoss | $ (51,822)us-gaap_NetIncomeLoss |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Restricted stock – share based compensation | 19,253us-gaap_RestrictedStockExpense | 14,346us-gaap_RestrictedStockExpense |
| Employee stock options – share based compensation | 3,700us-gaap_StockOptionPlanExpense | 5,427us-gaap_StockOptionPlanExpense |
| Share based compensation in connection with Securities Purchase Agreement | 4,141us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims | 0us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims |
| Stock issued for services | 208us-gaap_AdjustmentOfWarrantsGrantedForServices | 0us-gaap_AdjustmentOfWarrantsGrantedForServices |
| Stock compensation in connection with line of credit borrowing | 0vggl_SharebasedCompensationinConnectionwithLineofCreditBorrowing | 3,810vggl_SharebasedCompensationinConnectionwithLineofCreditBorrowing |
| Compensation charge in connection with issuance of preferred stock in exchange for $20M 8% Note, common shares and warrants | 0vggl_SharebasedCompensationinConnectionwithIssuanceofPreferredStockExchangedforDebt | 6,259vggl_SharebasedCompensationinConnectionwithIssuanceofPreferredStockExchangedforDebt |
| Interest expense related to November 25, 2013 PIPE Exchange | 0vggl_InterestExpenseRecognizedOnWriteoffofDebtDiscount | 1,231vggl_InterestExpenseRecognizedOnWriteoffofDebtDiscount |
| Decrease in fair value of convertible debt embedded derivative | 0us-gaap_EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet | (16)us-gaap_EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet |
| Decrease in fair value of common stock warrants | (5)vggl_IncreaseDecreaseinFairValueofCommonStockWarrants | (346)vggl_IncreaseDecreaseinFairValueofCommonStockWarrants |
| Accretion of Note discount | 66us-gaap_AmortizationOfDebtDiscountPremium | 0us-gaap_AmortizationOfDebtDiscountPremium |
| Depreciation and amortization | 4,558us-gaap_DepreciationAndAmortization | 4,043us-gaap_DepreciationAndAmortization |
| Interest income on notes receivable from shareholders and officer | 0vggl_InterestIncomeonNotesReceivableFromShareholdersandExecutiveOfficer | (86)vggl_InterestIncomeonNotesReceivableFromShareholdersandExecutiveOfficer |
| Changes in operating assets and liabilities: | ||
| Accounts receivable, net | 1,087us-gaap_IncreaseDecreaseInAccountsReceivable | (488)us-gaap_IncreaseDecreaseInAccountsReceivable |
| Other receivables | (400)us-gaap_IncreaseDecreaseInOtherReceivables | (49)us-gaap_IncreaseDecreaseInOtherReceivables |
| Prepaid expenses | 74us-gaap_IncreaseDecreaseInPrepaidExpense | (1,169)us-gaap_IncreaseDecreaseInPrepaidExpense |
| Restricted cash | 5,005us-gaap_IncreaseDecreaseInRestrictedCashForOperatingActivities | 0us-gaap_IncreaseDecreaseInRestrictedCashForOperatingActivities |
| Other assets | 42us-gaap_IncreaseDecreaseInOtherOperatingAssets | (103)us-gaap_IncreaseDecreaseInOtherOperatingAssets |
| Deferred revenue | (677)us-gaap_IncreaseDecreaseInDeferredRevenue | 4,852us-gaap_IncreaseDecreaseInDeferredRevenue |
| Accounts payable and accrued expenses | 2,722us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities | (3,501)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities |
| Reward points liability | 3,029vggl_IncreaseDecreaseinPointsLiability | (2,656)vggl_IncreaseDecreaseinPointsLiability |
| Other | 15us-gaap_IncreaseDecreaseInOtherOperatingLiabilities | 49us-gaap_IncreaseDecreaseInOtherOperatingLiabilities |
| Net cash used in operating activities | (17,627)us-gaap_NetCashProvidedByUsedInOperatingActivities | (20,219)us-gaap_NetCashProvidedByUsedInOperatingActivities |
| Investing activities: | ||
| Cash paid for acquisitions, net of cash acquired | 0us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired | (647)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired |
| Purchase of property and equipment | (113)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (178)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment |
| Capitalized software costs | (342)us-gaap_PaymentsForSoftware | (821)us-gaap_PaymentsForSoftware |
| Net cash used in investing activities | (455)us-gaap_NetCashProvidedByUsedInInvestingActivities | (1,646)us-gaap_NetCashProvidedByUsedInInvestingActivities |
| Financing activities: | ||
| Proceeds from loans | 31,150us-gaap_ProceedsFromLoans | 23,500us-gaap_ProceedsFromLoans |
| Repayments on loans | (22,000)us-gaap_RepaymentsOfLongTermDebt | 0us-gaap_RepaymentsOfLongTermDebt |
| Sale of Class C Convertible Redeemable Preferred Stock | 10,000us-gaap_ProceedsFromIssuanceOfRedeemableConvertiblePreferredStock | 0us-gaap_ProceedsFromIssuanceOfRedeemableConvertiblePreferredStock |
| Repayment of Recapitalization Note from Executive Officer | 0us-gaap_RepaymentOfNotesReceivableFromRelatedParties | 3,646us-gaap_RepaymentOfNotesReceivableFromRelatedParties |
| Term loan agreement security interest | 0us-gaap_PaymentsForDepositsAppliedToDebtRetirements | (5,000)us-gaap_PaymentsForDepositsAppliedToDebtRetirements |
| Purchase of common shares from former officer | (360)us-gaap_PaymentsForRepurchaseOfCommonStock | (195)us-gaap_PaymentsForRepurchaseOfCommonStock |
| Net cash provided by financing activities | 18,790us-gaap_NetCashProvidedByUsedInFinancingActivities | 21,951us-gaap_NetCashProvidedByUsedInFinancingActivities |
| Net increase in cash | 708us-gaap_CashPeriodIncreaseDecrease | 86us-gaap_CashPeriodIncreaseDecrease |
| Cash at beginning of period | 7us-gaap_Cash | 1,359us-gaap_Cash |
| Cash at end of period | 715us-gaap_Cash | 1,445us-gaap_Cash |
| Supplemental cash flow Information: | ||
| Cash paid during the period for interest | 999us-gaap_InterestPaid | 426us-gaap_InterestPaid |
| Non-Cash investing activities: | ||
| Landlord lease incentive build-out allowance | $ 449vggl_LeaseIncentiveBuildoutAllowance | $ 0vggl_LeaseIncentiveBuildoutAllowance |
| X | ||||||||||
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– Definition
Adjustment for noncash service expenses paid for by granting of warrants. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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– Details
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| X | ||||||||||
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– Definition
Amount of noncash expense included in interest expense to amortize debt discount and premium associated with the related debt instruments. Excludes amortization of financing costs. Alternate captions include noncash interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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– Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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– Definition
Amount of increase (decrease) in cash. Cash is the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
– Definition
The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
– Definition
Net Increase or Decrease in the fair value of the embedded derivative or group of embedded derivatives included in earnings in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
– Definition
The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
– Definition
The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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– Definition
The increase (decrease) during the reporting period, excluding the portion taken into income, in the liability reflecting revenue yet to be earned for which cash or other forms of consideration was received or recorded as a receivable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
– Details
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| X | ||||||||||
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– Definition
The increase (decrease) during the reporting period in other assets used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current assets, other noncurrent assets, or a combination of other current and noncurrent assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
– Definition
The increase (decrease) during the reporting period in other liabilities used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current liabilities, other noncurrent liabilities, or a combination of other current and noncurrent liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
– Definition
The increase (decrease) during the reporting period in other amounts due to the reporting entity, which are not otherwise defined in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
– Definition
The increase (decrease) during the reporting period in the amount of outstanding money paid in advance for goods or services that bring economic benefits for future periods. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
– Definition
The net cash inflow or outflow for the increase (decrease) associated with funds that are not available for withdrawal or use (such as funds held in escrow) and are associated with underlying transactions that are classified as operating activities. This may include cash restricted for regulatory purposes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
– Definition
The amount of cash paid for interest during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
– Definition
Fair value of share-based compensation granted to nonemployees as payment for services rendered or acknowledged claims. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
– Definition
Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
– Details
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| X | ||||||||||
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– Definition
Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
– Details
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| X | ||||||||||
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– Definition
Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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– Details
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| X | ||||||||||
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– Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
– Details
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| X | ||||||||||
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– Definition
Cash outflow during the period as a deposit on account for application (deposits to retire or pay down) against an amount of debt owed by the entity. No definition available.
|
| X | ||||||||||
|
– Definition
The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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– Definition
The cash outflow associated with the development, modification or acquisition of software programs or applications for internal use (that is, not to be sold, leased or otherwise marketed to others) that qualify for capitalization. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
– Definition
The cash outflow associated with the acquisition of a business, net of the cash acquired from the purchase. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
– Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
– Definition
The cash inflow from issuance of callable preferred stock which is identified as being convertible to another type of financial security at the option of the issuer or the holder. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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– Definition
Cash received from principal payments made on loans related to operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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– Definition
The cash inflow from a loan, supported by a promissory note, granted to related parties where one party can exercise control or significant influence over another party; including affiliates, owners or officers and their immediate families, pension trusts, and so forth. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
– Definition
The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
– Definition
The noncash expense that represents the cost of restricted stock or unit distributed to employees as compensation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
– Definition
The noncash expense that accounts for the value of stock or unit options distributed to employees as compensation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
– Details
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| X | ||||||||||
|
– Definition
Increase (Decrease) in Fair Value of Common Stock Warrants No definition available.
|
| X | ||||||||||
|
– Definition
Increase (Decrease) in Points Liability No definition available.
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| X | ||||||||||
|
– Definition
Interest Expense Recognized On Write off of Debt Discount No definition available.
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| X | ||||||||||
|
– Definition
Interest Income on Notes Receivable From Shareholders and Executive Officer No definition available.
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| X | ||||||||||
|
– Definition
Lease Allowance For Renovation No definition available.
|
| X | ||||||||||
|
– Definition
Share-based Compensation, in Connection with Issuance of Preferred Stock Exchanged for Debt No definition available.
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| X | ||||||||||
|
– Definition
Share-based Compensation, in Connection with Line of Credit Borrowing No definition available.
|
Source
Q3 2015
Quarterly Results