Great Elm Capital 10-Q 10 May 17 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Mar. 31, 2017	May 07, 2017
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3
Entity Registrant Name	Great Elm Capital Group, Inc.
Entity Central Index Key	1,082,506
Current Fiscal Year End Date	--06-30
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		23,199,841

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2017	Jun. 30, 2016
Current assets:
Cash and cash equivalents	$ 46,703	$ 80,711
Investment management fee receivable	1,154
Related party receivable, net	613
Related party dividend receivable	327
Investments, at fair value (cost $30,000)	22,381
Prepaid and other current assets	184	110
Total current assets	71,362	80,821
Investment management fee receivable, net of current portion	1,400
Intangible assets, net	8,624
Right to use assets, net	2,330
Other assets, net	316	76
Total assets	84,032	80,897
Current liabilities:
Accounts payable	410	2,936
Lease liability	1,042
Liabilities related to assets sold	3,763	7,338
Related party notes payable	250	33,786
Total current liabilities	5,465	44,060
Lease liability, net of current portion	1,590
Earnout liability	180
Related party notes payable, net of current portion	10,324
Other long-term liabilities related to assets sold		16
Total liabilities	17,559	44,076
Commitments and contingencies
Stockholders' equity:
Preferred stock, $0.001 par value; 5,000 authorized and zero outstanding
Common stock, $0.001 par value; 350,000,000 shares authorized; 23,199,841 and 9,466,670 shares issued and outstanding at March 31, 2017 and June 30, 2016, respectively	23	9
Additional paid-in-capital	3,293,049	3,249,085
Accumulated deficit	(3,226,175)	(3,212,273)
Total Great Elm Capital Group, Inc.'s stockholders' equity	66,897	36,821
Non-controlling interest	(424)
Total stockholders' equity	66,473	36,821
Total liabilities and stockholders' equity	$ 84,032	$ 80,897

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2017	Jun. 30, 2016
Statement Of Financial Position [Abstract]
Investments, cost basis	$ 30,000
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	350,000,000	350,000,000
Common stock, shares issued	23,199,841	9,466,670
Common stock, shares outstanding	23,199,841	9,466,670

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016
Income Statement [Abstract]
Investment management fees	$ 1,582		$ 2,862
Dividends and interest	490		816
Net revenue	2,072		3,678
Operating costs and expenses:
General and administrative	2,710	$ 2,006	4,978	$ 5,054
Depreciation and amortization	1,546		2,564	52
Total operating costs and expenses	4,256	2,006	7,542	5,054
Operating loss	(2,184)	(2,006)	(3,864)	(5,054)
Unrealized loss on investment in GECC	(570)		(7,619)
Interest expense	(108)	(1,220)	(6,211)	(3,672)
Other income (expense), net	(20)	73	(9)	64
Loss from continuing operations, before income taxes	(2,882)	(3,153)	(17,703)	(8,662)
Provision for (benefit from) income taxes	(85)	12	(1,049)	(122)
Loss from continuing operations	(2,797)	(3,165)	(16,654)	(8,540)
Discontinued operations:
Income (loss) from discontinued operations, net of tax		(6,621)	2,308	(24,141)
Income (loss) from discontinued operations, net of tax		(6,621)	2,308	(24,141)
Net loss	(2,797)	(9,786)	(14,346)	(32,681)
Less: Net loss attributable to non-controlling interest	(278)		(444)
Net loss attributable to Great Elm Capital Group, Inc.	$ (2,519)	$ (9,786)	$ (13,902)	$ (32,681)
Basic and diluted earnings (loss) per share from:
Continuing operations	$ (0.11)	$ (0.34)	$ (1.14)	$ (0.91)
Discontinued operations		(0.70)	0.16	(2.57)
Net loss	$ (0.11)	$ (1.04)	$ (0.98)	$ (3.48)
Weighted average shares outstanding:
Basic and diluted	23,187	9,432	14,177	9,402

Condensed Consolidated Stateme5

Condensed Consolidated Statement of Comprehensive Loss (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016
Statement Of Income And Comprehensive Income [Abstract]
Net loss	$ (2,797)	$ (9,786)	$ (14,346)	$ (32,681)
Other comprehensive income (loss)
Foreign currency translation adjustment		34		(52)
Other comprehensive income (loss)		34		(52)
Comprehensive loss	$ (2,797)	$ (9,752)	$ (14,346)	$ (32,733)

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flow (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Cash flows from operating activities:
Net loss	$ (14,346)	$ (32,681)
(Income) loss from discontinued operations	(2,308)	24,141
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	2,564	52
Stock-based compensation	1,219	836
Re-measurement of earnout liability	(36)
Unrealized loss on investments at fair value	7,619
Amortization of premiums/discounts on investments, net		3
Realized gain on foreign currency		(87)
In kind interest payments on note payable		3,214
Amortization of debt discount and issuance costs	2,802	464
Changes in operating assets and liabilities:
Investment management fee receivable	(2,554)
Related party receivable, net	(613)
Dividends receivable	(327)
Prepaid assets, deposits, and other assets	(121)	(240)
Accounts payable	(2,526)	1,141
Operating lease liability	(158)
Net cash used in operating activities - continuing operations	(8,785)	(3,157)
Net cash used in operating activities - discontinued operations	(961)	(26,310)
Net cash used in operating activities	(9,746)	(29,467)
Cash flows from investing activities:
Acquisition of subsidiaries	(30,080)
Purchases of property and equipment		(35)
Proceeds from sales and maturities of investments		11,710
Net cash provided by (used in) investing activities	(30,080)	11,675
Cash flows from financing activities:
Proceeds from issuance of common stock, net	42,656
Principal payment on related party note payable	(36,838)
Purchase of treasury stock		(107)
Net cash provided by (used in) financing activities	5,818	(107)
Net decrease in cash and cash equivalents	(34,008)	(17,899)
Cash and cash equivalents at beginning of period	80,711	73,755
Cash and cash equivalents at end of period	46,703	55,856
Cash paid for interest	3,319
Supplemental disclosure of non-cash investing and financing activities:
Retirement of treasury stock		$ 156
Issuance of related party note payable for acquisition consideration	10,824
Issuance of equity-linked instruments classified as earnout liability	$ 216

Nature of Operations

Nature of Operations	9 Months Ended
	Mar. 31, 2017
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Nature of Operations	1. Nature of Operations Great Elm Capital Group, Inc. (formerly known as Unwired Planet, Inc.), a Delaware corporation (together with its subsidiaries (unless the context otherwise requires), the “Company”), is a holding company. The Company’s operations are primarily conducted through consolidated subsidiaries. On June 30, 2016, the Company sold the subsidiaries that conducted its historical patent business (the “Divestiture”). See Note 10. Those operations are accounted for as discontinued operations in the accompanying condensed consolidated financial statements. On September 27, 2016, the Company’s wholly-owned SEC-registered investment advisor subsidiary Great Elm Capital Management, Inc., a Delaware corporation (“GECM”), became the investment manager of Great Elm Capital Corp., a publicly-traded business development company incorporated in Maryland (“GECC”). On November 3, 2016, Full Circle Capital Corporation merged with and into GECC (the “Merger”), and GECM hired the employees of MAST Capital Management, LLC, a Delaware limited liability company (“MAST Capital”), that manages funds that own approximately 18.6% of the Company’s common stock. Through the Company’s 80.1% owned subsidiary, GECC GP Corp., a Delaware corporation (“GP Corp”), the Company acquired assets and assumed related liabilities (collectively, the “Acquisition”) associated with the on-going operations of GECM. As of March 31, 2017, the Company owned approximately 15% of the outstanding shares of GECC with a cost basis of $30,000. The Company agreed with GECC that it would not transfer its GECC shares until November 3, 2017 except to a subsidiary or a MAST Capital affiliate.

Basis of Presentation and Signi

Basis of Presentation and Significant Accounting Policies	9 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
Basis of Presentation and Significant Accounting Policies	2. Basis of Presentation and Significant Accounting Policies Basis of Presentation. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the instructions for Form 10-Q and, therefore, do not include all information and footnotes which are normally included in the Company’s Form 10-K. These financial statements reflect all adjustments (consisting of normal recurring items or items discussed herein) that management believes are necessary to fairly state results for the interim periods presented. Results of operations for interim periods are not necessarily indicative of annual results of operations. The preparation of these financial statements in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) requires the Company to make estimates and assumptions that affect the reported amounts in the financial statements and disclosures of contingent assets and liabilities. On an on-going basis, the Company evaluates all of these estimates and assumptions. The most important of these estimates and assumptions relate to fair value measurements, compensation and benefits, asset impairment, the ability to realize deferred tax assets, the recognition and measurement of uncertain tax positions, allowance for doubtful accounts and contingencies. Although these and other estimates and assumptions are based on the best available information, actual results could be different from these estimates. Changes in Accounting Principles. Leases. In February 2016, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) 2016-02, Leases (Topic 842), which requires a lessee to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases with a lease term of more than twelve months. Leases will continue to be classified as either financing or operating, with classification affecting the recognition, measurement and presentation of expenses and cash flows arising from a lease. The Company adopted ASU 2016-02 effective July 1, 2016. On the adoption date, the Company elected the practical expedient to not reassess whether any expired contracts contained leases. Additionally, the Company has elected to not apply the recognition standards of ASU 2016-02 to operating leases with effective terms of twelve months or less (“Short-Term Leases”). For Short-Term Leases, the Company recognizes lease payments on a straight-line basis over the lease term in the period in which the obligation for those payments is incurred. On the adoption date, all of the Company’s contracts constituting leases had expired or were Short Term Leases. Accordingly, the adoption of ASU 2016-02 required no changes in the accompanying condensed consolidated financial statements for any of the periods presented. Presentation of Debt Issuance Costs. On July 1, 2016, the Company implemented ASU 2015-03 Interest – Imputation of Interest (Topic 830) – Simplifying the Presentation of Debt Issuance Costs . ASU 2015-03 requires debt issuance costs to be presented in the nature of debt discounts and its implementation results in reclassification of the prior periods. All of the Company’s debt issuance costs prior to the adoption of ASU 2015-03 on July 1, 2016 have been fully amortized or otherwise expensed as of March 31, 2017. Equity Compensation. In March 2016, the FASB issued ASU 2016-09, Compensation – Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting , which simplifies several aspects of the accounting for share-based payments, including accounting for income taxes, forfeitures and statutory tax withholding requirements, and classification within the statement of cash flows. The Company prospectively adopted ASU 2016-09 on July 1, 2016. Upon adoption, the Company made an election to account for forfeitures of non-vested equity awards in the periods in which they occur. The other provisions of ASU 2016-09 did not have a material impact on the accompanying condensed consolidated financial statements for any of the periods presented. Income Taxes. In October 2016, the FASB issued ASU 2016-16, Income Taxes (Topic 740), which requires that the Company recognize the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs. The Company adopted ASU 2016-16 prospectively on July 1, 2016 with no effect on the accompanying condensed consolidated financial statements. Goodwill. In January 2017, the FASB issued ASU 2017-04 Intangibles – Goodwill and Other (Topic 350), which simplifies the subsequent measurement of goodwill by eliminating the quantitative test (“Step 2”) for impairment for any reporting unit with a zero or negative carrying amount based on a qualitative assessment (“Step1”). The Company adopted ASU 2017-01 on January 1, 2017 with no effect on the accompanying condensed consolidated financial statements. Business Combinations. In January 2017, the FASB issued ASU 2017-01, Business Combinations (Topic 805), which clarifies the definition of a business. In accordance with the provisions, the Company adopted ASU 2017-01 as of July 1, 2016 with no effect on the accompanying condensed consolidated financial statements. Significant Accounting Policies. Deferred Tax Assets. The Company has provided a full valuation allowance against its deferred tax assets because the Company has not been able to conclude that future utilization of its net operating loss carryforwards and other tax assets is more likely than not. Investment in GECC. On November 1, 2016, the Company deconsolidated its investment in GECC upon the Company no longer having a controlling financial interest in GECC. The Company determined that, by virtue of being GECC’s investment manager, the Company has significant influence (within the meaning of Accounting Standards Classification (“ASC”) Topic 323, Investments-Equity Method and Joint Ventures ), over GECC. Upon deconsolidation, the Company elected to account for its remaining 15% investment in GECC at fair value as permitted by ASC Topic 825, Financial Instruments . Segments. In November 2016, the Company changed its organizational structure in connection with the Merger. As a result, there was a change in the information that the Company’s chief operating decision maker regularly reviews for purposes of allocating resources and assessing performance. Beginning in the quarter ended December 2016, the Company began reporting financial performance based on its new segment described in Note 8. The Company has recast certain prior period amounts to conform to the manner it currently internally manages and monitors segment performance. Deferred Purchase Price. The purchaser of the Company’s discontinued patent business is obligated to pay to the Company up to an additional $10,000, subject to adjustment for indemnification or claims of breach of representations and warranties. The Company performed an analysis as to the probability of the purchaser making such claims and was unable to conclude if, when, or what portion of such amount was probable of realization. This analysis was based on the uncertainty surrounding the enforceability of the sold patents, and the inability to ascertain the likelihood of favorable outcomes from related legal proceedings. The determination that such amount was not realizable at June 30, 2016 resulted in the Company concluding such amount constitutes contingent consideration. The Company expects to recognize the known or estimable portion of the additional consideration in the period it becomes realizable. Cash and Cash Equivalents. Cash and cash equivalents are comprised of cash and highly liquid investments with remaining maturities of 90 days or less at the date of purchase. Cash equivalents consist primarily of exchange traded money market funds. The Company is exposed to credit risk in the event of default by the financial institutions or the issuers of these investments to the extent the amounts on deposit or invested are in excess of amounts that are insured. Revenue Recognition. The revenues of the Company’s investment management segment primarily consist of management fees, performance fees and administrative and other fees. The base management fee from GECC is calculated at an annual rate of 1.50% of GECC’s average adjusted gross assets, including assets purchased with borrowed funds. The base management fee will be payable quarterly in arrears. The base management fee is calculated based on the average value of GECC’s gross assets, excluding cash and cash equivalents, at the end of the two most recently completed calendar quarters, and appropriately adjusted for any share issuances or repurchases during the then current calendar quarter. Base management fees for any partial quarter are prorated. The incentive fee from GECC consists of two components, an investment income component and a capital gains component. Under the investment income component, on a quarterly basis, GECC will pay the Company 20% of the amount by which GECC’s pre-incentive fee net investment income (the “Pre-Incentive Fee Net Investment Income”) for the quarter exceeds a hurdle rate of 1.75% of GECC’s net assets at the end of the immediately preceding calendar quarter, subject to a “catch-up” provision pursuant to which the Company receives all of such income in excess of the 1.75% level but less than 2.1875% and subject to a total return requirement (described below). The effect of the “catch-up” provision is that, subject to the total return provision, if pre-incentive fee net investment income exceeds 2.1875% of GECC’s net assets at the end of the immediately preceding calendar quarter, in any calendar quarter, the Company will receive 20.0% of GECC’s pre-incentive fee net investment income as if the 1.75% hurdle rate did not apply. These calculations will be appropriately prorated for any period of less than three months and adjusted for any share issuances or repurchases during the then current quarter. Pre-Incentive Fee Net Investment Income includes any accretion of original issue discount, market discount, payment-in-kind interest, payment-in-kind dividends or other types of deferred or accrued income, including in connection with zero coupon securities, that the Company and its consolidated subsidiaries have recognized in accordance with GAAP, but have not yet received in cash (collectively, “Accrued Unpaid Income”). Pre-Incentive Fee Net Investment Income does not include any realized capital gains or losses or unrealized capital appreciation or depreciation. Any income incentive fee otherwise payable with respect to Accrued Unpaid Income (collectively, the “Accrued Unpaid Income Incentive Fees”) are deferred, on a security by security basis, and becomes payable only if, as, when and to the extent cash is received by GECCs in respect thereof. Any Accrued Unpaid Income that is subsequently reversed in connection with a write-down, write-off, impairment or similar treatment of the investment giving rise to such Accrued Unpaid Income will, in the applicable period of reversal, (A) reduce Pre-Incentive Fee Net Investment Income and (B) reduce the amount of Accrued Unpaid Income Incentive Fees previously deferred. Under the capital gains component of the incentive fee, GECC is obligated to pay the Company at the end of each calendar year 20% of the aggregate cumulative realized capital gains from November 4, 2016 through the end of that year, computed net of aggregate cumulative realized capital losses and aggregate cumulative unrealized depreciation through the end of such year, less the aggregate amount of any previously paid capital gains incentive fees. Payment of the incentive fee is subject to a total return requirement, which provides that no incentive fee in respect of GECC’s pre-incentive fee net investment income will be payable except to the extent that 20.0% of the cumulative net increase in net assets resulting from operations from and after November 4, 2016 exceeds the cumulative incentive fees accrued and/or paid from and after November 4, 2016. For the purposes of this calculation, the “cumulative net increase in net assets resulting from operations” is the sum of GECC’s pre-incentive fee net investment income, realized gains and losses and unrealized appreciation and depreciation from and after November 4, 2016. Incentive fees are recorded on an accrual basis to the extent such amounts are contractually due. Accrued but unpaid incentive fees as of the reporting date are recorded in investment management fees receivable in the accompanying condensed consolidated balance sheets. Incentive fees are realized at the end of a measurement period, and in most cases annually. Once realized, such fees are not subject to reversal. Intangible Assets. The Company is amortizing the intangible asset recognized in connection with the acquisition described in Note 4 on a straight-line basis over the 22 months following the close of the acquisition in November 2016. GECC’s investment management agreement (the “IMA”) with GECM expires 22 months from the close of the acquisition unless renewed or earlier terminated at GECC’s option. Recently Issued Accounting Standards. Financial Instruments. In January 2016, the FASB issued ASU 2016-01, Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities , which revised entities’ accounting related to: (1) the classification and measurement of investments in equity securities; and (2) the presentation of certain fair value changes for financial liabilities measured at fair value. ASU 2016-01 also amends disclosure requirements associated with the fair value of financial instruments. The new guidance is effective for the Company’s fiscal year that begins on July 1, 2018 and requires a modified retrospective approach to adoption. Early adoption is only permitted for the provision related to instrument-specific credit risk. The Company believes that adoption of ASU 2016-01 will have no material impact on the accompanying condensed consolidated financial statements and related disclosures. In June 2016, the FASB issued ASU 2016-13, Financial Instruments-Credit Losses Measurement of Credit Losses on Financial Instruments Customer Revenue. In August 2015, the FASB issued ASU 2015-14, Revenue From Contracts with Customers (Topic 606): Deferral of the Effective Date . The Company is currently analyzing the potential impacts of early adoption of ASC Topic 606 in conjunction with its investment management business. The Company is contemplating early, retroactively adoption of the standards in Topic 606. The Company has performed a preliminary analysis of the impacts of adoption and currently does not believe it will have a material impact on revenue currently recognized from its quarterly investment management fees. The adoption may have an impact on the recognition timing of future incentive fees which could result in material differences in the Company’s financial position, results of operations, cash flows, and related disclosures in the period of adoption. The Company is contemplating adopting the Topic 606 related ASUs in the first interim period for its 2018 fiscal year.

Investments, at Fair Value

Investments, at Fair Value	9 Months Ended
	Mar. 31, 2017
Fair Value Disclosures [Abstract]
Investments, at Fair Value	3. Investments, at Fair Value In November 2016, the Company ceased to have a controlling financial interest in its previously wholly-owned subsidiary, GECC. On the cessation date, the Company deconsolidated its investment in GECC and made an election to recognize its remaining 15% ownership position at fair value. On the date of deconsolidation, and based on the NASDAQ-listed market price of GECC common stock (a Level 1 input in accordance with the US GAAP fair value hierarchy), the Company recorded an unrealized loss of $8,465 on the value of its investment in GECC. From the date of deconsolidation through March 31, 2017, the Company recognized unrealized appreciation of $846 in the fair value of GECC. For the three months ended March 31, 2017, the Company recognized an unrealized loss on its GECC holdings of $570. The Company did not have any investments for which it made a fair value election as of June 30, 2016 or for the quarter and nine months ended March 31, 2016.

Acquisition

Acquisition	9 Months Ended
	Mar. 31, 2017
Business Combinations [Abstract]
Acquisition	4. Acquisition During the quarter ended December 31, 2016, the Company completed a series of transactions culminating in the creation of its investment management segment. The transactions, some of which involved MAST Capital, a related party, and some of which were directly with employees of MAST Capital, included, among other things: the formation of GECM; the deconsolidation of GECC; and the acquisition of an 80.1% interest in GP Corp. Had the Acquisition not occurred, the Company’s pro forma loss and loss per share from continuing operations for the nine months ended March 31, 2017 would have been $12,119 and $0.85, respectively. For the three months ended March 31, 2017, the Company’s pro forma loss and loss per share from continuing operations would have been $1,402 and $0.06. On November 3, 2016, the Company obtained a controlling financial interest in GP Corp by purchasing shares of GP Corp common stock for an $80 capital contribution to GP Corp. On the same date, GP Corp issued a senior secured note in an aggregate original principal amount of $10,824 payable to MAST Capital (the “GP Corp Note”). The GP Corp Note is due on November 3, 2026, bears interest at 3% over the 90-day LIBOR rate, requires mandatory repayments of $250 per year, is repayable by GP Corp at its option at par plus accrued and unpaid interest and is secured by a first perfected security interest in the profit sharing agreement, dated as of November 3, 2016 (the “Profit Sharing Agreement”), by and between GECM and GP Corp, which provides for the payment of the net profits from serving as GECC’s investment manager to GP Corp. On November 3, 2016 , t On the date of the transaction, the Company allocated the consideration given to the individual assets acquired and liabilities assumed based on a preliminary estimate of their relative fair values, including using a preliminary estimate of the expected discounted cash flows from the operations of the investment management business. The assessment of fair value is preliminary and is based on information that was available to the Company at the time the accompanying condensed consolidated financial statements were prepared. Accordingly, such amounts and the related amortization may change during the measurement period which cannot extend beyond November 3, 2017. The Company did not make material adjustments to its provisional accounting as presented as of and for the periods ended March 31, 2017. The Company expects to complete its acquisition accounting during the fourth quarter of the fiscal year ended June 30, 2017 upon clarification of certain terms of the Cost Sharing Agreement with MAST Capital, as described in Note 5. The Company did not incur material costs directly associated with the acquisition. The following table summarizes the consideration paid and the provisional allocation of the fair value of the assets acquired and liabilities assumed on the date of acquisition: As of November 3, 2016 (Provisional) Cash $ 80 GP Corp note issued 10,824 Warrants issued (classified as a liability) 216 Total consideration $ 11,120 Cash $ 100 Furniture and fixtures 22 Right-to-use asset 758 Lease deposit 170 Identifiable intangible asset 11,161 Goodwill — Lease liability (1,071) Less: Non-controlling interest (20) Net assets acquired $ 11,120

Related Party Transactions

Related Party Transactions	9 Months Ended
	Mar. 31, 2017
Related Party Transactions [Abstract]
Related Party Transactions	5. Related Party Transactions In conjunction with the acquisition of GP Corp, on November 3, 2016, MAST Capital and GECM entered into a cost sharing agreement (the “Cost Sharing Agreement”) providing for allocation and reimbursement of costs without markup. GECM entered into the IMA providing for, among other things, GECM to manage GECC’s investment portfolio. GECM receives reimbursement of allocable operating expenses, a management fee based on GECC’s assets (other than cash and cash equivalents) and potentially incentive management fees if GECC has net capital gains or its net investment income exceeds a specified hurdle rate. Fees under the IMA and GECM’s right to expense reimbursement began to accrue on November 4, 2016. GECM’s profit from GECC is paid to GP Corp per the Profit Sharing Agreement. The accompanying condensed consolidated financial statements reflect the non-controlling interest in GP Corp. For the three and nine months ended March 31, 2017, the Company recognized provisional intangible asset amortization of $1,522 and $2,537, respectively. As of March 31, 2017, the Company’s identifiable intangible assets had a remaining useful life of seventeen months. The following table illustrates the related party activity related to the operations of GECC for the periods presented: As of and for the three months ended March 31, 2017 2016 Investment in GECC Unrealized loss on investment in GECC $ (570 ) $ — GECC dividends recorded for the period $ 490 $ — Managing GECC Reimbursement of GECC formation expenses for the period $ — $ — Investment management fees for the period $ 1,582 $ — GECC administrative expenses incurred during the period $ 446 $ — Net receivable due from GECC at the end of the period $ 556 $ — Cost Sharing with MAST GECM costs charged to MAST Capital $ 994 $ — Net receivable due from MAST Capital at the end of the period $ 57 $ — Profit Sharing with GP Corp. GP Corp Note balance at the end of the period $ 10,574 $ — Interest accrued and paid on GP Corp Note during the period $ 108 $ — Principal payments made on GP Corp Note during the period $ 250 $ — GECM net income contributed to GP Corp $ 226 $ — GP Corp net loss attributable to Great Elm Capital Group, Inc. $ (1,395 ) $ — For the nine months ended March 31, 2017 2016 Investment in GECC Unrealized loss on investment in GECC $ (7,619 ) $ — GECC dividends recorded for the period $ 816 $ — Managing GECC Reimbursement of GECC formation expenses for the period $ 2,989 $ — Investment management fees for the period $ 2,862 $ — GECC administrative expenses incurred during the period $ 508 $ — Cost Sharing with MAST GECM costs charged to MAST Capital $ 1,809 $ — Profit Sharing with GP Corp. GP Corp Note balance at the end of the period $ 10,574 $ — Interest accrued on GP Corp note during the period $ 175 $ — Principal payments made on GP Corp note during the period $ 250 $ — GECM net income contributed to GP Corp $ 232 $ — GP Corp net loss attributable to Great Elm Capital Group, Inc. $ (2,221 ) $ — As of March 31, 2017, the Company determined that there was substantial doubt as to the collectability of portions of the GECM costs charged to MAST Capital under the Cost Sharing Agreement. As a result of this determination, the Company recognized bad debt expense related to MAST Capital of $567 for the quarter and nine months ended March 31, 2017.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Mar. 31, 2017
Equity [Abstract]
Stockholders' Equity	6. Stockholders’ Equity Rights Offering On September 13, 2016, the Company entered into a backstop investment agreement with a consortium of investors led by Gracie Investing LLC. Members of the Company’s board of directors and a number of the Company’s employees were backstop investors. On October 13, 2016, the Company and the backstop providers amended and restated the backstop investment agreement which contemplated up to a $36,600 investment in shares of the Company’s common stock. On November 23, 2016, the Company commenced a $45,000 rights offering to its existing stockholders at $3.285 per share. The Company sold an aggregate of 12,755,200 shares of its common stock for gross proceeds of $41,901, which after deducting expenses resulted in net proceeds of $39,682 in the rights offering and 945,343 shares of its common stock for gross proceeds of $3,092 from the backstop providers. The Company intends to use the proceeds of the offerings, together with debt and/or equity financing, to make acquisitions of new businesses. Stock Compensation Performance Shares During the nine months ended March 31, 2017, the Company issued 1,081,000 restricted stock awards that carry both performance and service conditions to vest. The awards vest over a five-year service period, with the first twenty percent of the award vesting on the first anniversary of the grant, and the remaining award vesting at a rate of five percent per quarter during the four-year period from November 3, 2017 through November 3, 2021. In addition, the restricted stock awards are subject to pro-rated forfeiture based on the collection of cumulative fees under the IMA of at least $40,000 for the five-year period ended November 3, 2021. On the grant date, the Company estimated the probability of the performance goal being achieved to be certain. The grant date fair value of the performance based restricted awards issued approximated $4,233. Based on the Company’s accounting policies, the grant date fair value does not contemplate expected forfeitures. Adjustments related to compensation costs for forfeited awards will be recognized in the period of any forfeiture. For the three and nine months ended March 31, 2017, the Company recognized compensation cost totaling $454 and $767, respectively, associated with the performance based awards. Through March 31, 2017, there were no performance awards forfeited. The following table illustrates the Company’s restricted stock award activity as of and through March 31, 2017 (in thousands, except per share amounts): Weighted Average Restricted Grant Date Restricted Stock Awards Stock Awards Fair Value Outstanding at June 30, 2015 116 $ 19.22 Granted 55 12.02 Vested (122) 18.46 Forfeited (17) 16.16 Outstanding at June 30, 2016 32 $ 13.30 Granted 1,131 3.90 Vested (32) 13.30 Forfeited — — Outstanding at March 31, 2017 1,131 $ 3.90 Stock Options During the nine months ended March 31, 2017, the Company issued 170,000 The following table illustrates the Company’s option award activity as of and through March 31, 2017 (in thousands, except per share amounts): Weighted Average Weighted Remaining Average Contractual Aggregate Options Shares Exercise Price Term (years) Intrinsic Value Outstanding at June 30, 2015 640 $ 12.18 Options granted 131 9.01 Exercised — — Forfeited, cancelled or expired (161) 19.34 Outstanding at June 30, 2016 610 $ 9.60 Options granted 170 3.27 Exercised — — Forfeited, cancelled or expired (58) — Outstanding at March 31, 2017 722 $ 7.46 7.54 $ — Exercisable at March 31, 2017 586 $ 8.43 7.10 $ — During the three months ended March 31, 2017 and 2016, the Company recognized total stock based compensation associated with all restricted stock awards and stock options of $573 and $547, respectively, and $1,219 and $1,743 for the nine months ended March 31, 2017 and 2016, respectively. As of March 31, 2017, total unrecognized compensation costs associated with outstanding stock and stock-linked awards totaled approximately $4,000.

Income Taxes

Income Taxes	9 Months Ended
	Mar. 31, 2017
Income Tax Disclosure [Abstract]
Income Taxes	7. Income Taxes For the nine months ended March 31, 2017, the Company recognized a loss before income taxes from continuing operations of approximately $17,703 and income before taxes from discontinued operations totaling approximately $3,427. As required by intra period tax allocation rules of US GAAP, the Company’s income tax for the period ended March 31, 2017, totaling $70, is comprised of a tax benefit allocation of $1,049 to continuing operations, and incremental tax expense allocated to discontinued operations totaling $1,119. Total income tax for the period is based on an effective tax rate of 5.9%. The net income tax benefit in continuing operations recognized for the period is based on forecasted financial results associated with the Company’s continuing operations for the entire fiscal year; the Company having a full valuation allowance on its deferred tax positions at the beginning of the year and expected to remain consistent at the end of the year; and the overall net tax position for the fiscal year expected to be zero. However, the Company is required to consider all sources of income in determining the benefit related to a loss from continuing operations, including any income from other than continuing operations, such as discontinued operations. The Company will re-evaluate its fiscal 2017 forecast and re-compute its effective tax rate on a quarterly basis through the end of the fiscal year, and adjust the provision associated with intra period tax allocation rules quarterly, as applicable.

Segment Information

Segment Information	9 Months Ended
	Mar. 31, 2017
Segment Reporting [Abstract]
Segment Information	8 . Segment Information Effective upon the closing of the Merger, the Company’s chief operating decision maker began to view where resources would be allocated to the investment management business based on performance of the investment management business relative to acquisition opportunities in other industries. Prior to the Divestiture, the Company viewed all of its operations as a single integrated business. For the Three Months Ended March 31, For the Nine Months Ended March 31, 2017 2016 2017 2016 Revenue: Investment management advisory fees $ 1,582 $ — $ 2,862 $ — General corporate 490 — 816 — Total revenue 2,072 — 3,678 — Costs and Expenses: Investment management $ 2,821 $ — $ 4,866 $ — General corporate 1,435 2,006 2,676 5,054 Total operating costs and expenses 4,256 2,006 7,542 5,054 Operating loss: Investment management $ (961) $ — $ (1,560) $ — General corporate (945) (2,006) (1,860) (5,054) Total pre-tax loss from operations (1,906) (2,006) (3,420) (5,054) Other expense, net $ (613) $ (1,159) (12,790) $ (3,486) Income (loss) from discontinued operations, net — (6,621) 2,308 (24,141) Net loss $ (2,519) $ (9,786) $ (13,902) $ (32,681) Capital Expenditures and Acquisitions: Investment management $ — $ — $ 13,987 $ — General corporate — — — 35 Total $ — $ — $ 13,987 $ 35 As of March 31, As of June 30, 2017 2016 Assets: Investment management $ 14,588 $ — General corporate 69,444 80,897 Total assets $ 84,032 $ 80,897

Related Party Borrowings

Related Party Borrowings	9 Months Ended
	Mar. 31, 2017
Debt Disclosure [Abstract]
Related Party Borrowings	9. Related Party Borrowings The following table summarizes the Company’s related party borrowing activity: March 31, June 30, 2017 2016 Balance beginning of year $ 33,786 $ 29,874 Issuance of GP Corp note 10,891 — Issuance of in-kind notes — 4,355 Reclassification of unamortized debt issuance costs — (854) Amortization of discount and issuance costs 2,802 411 Principal and interest payments (36,905) — Balance end of period $ 10,574 $ 33,786 Current portion, end of period $ 250 $ — Balance, net of current portion, end of period $ 10,324 $ 33,786 In October, 2016, the Company called Senior Secured Notes payable to private investment funds managed by MAST Capital for redemption. The Company made cash payments totaling $39,838; consisting of interest of $1,209, call premiums of $2,041, and principal payments of $36,588, to effect the redemption. On November 3, 2016, GP Corp, issued the GP Corp Note. For the three and nine months ended March 31, 2017, the Company incurred $108 and $175, respectively, of interest based on an interest rate of approximately 3.9%. The GP Corp Note is held by MAST Capital and is secured by the profits generated by GECM’s management of GECC. The GP Corp Note requires quarterly interest only payments and annual principal payments of at least $250, based on the Company’s fiscal year ending June 30. The Company made the $250 principal payment during the three months ended March 31, 2017. For annual and pro-rated annual periods, net expenses from the operations of GECM exceeding $1,430 may be setoff against interest and principal payment obligations. Pending resolution of the dispute with respect to the cost sharing agreement, the Company did not offset any interest or principal payments with its net expenses that exceeded the pro-rated threshold for the three months or the nine months ended March 31, 2017. The GP Corp note does not have any recourse to any of the Company’s operations or net assets not related to GECM’s management of the investments assets held by GECC. The GP Corp Note may be prepaid at any time with prior written notice to the holders of the GP Corp Note. Additionally, GP Corp is required to prepay the GP Corp Note upon certain material liquidation transactions.

Discontinued Operations

Discontinued Operations	9 Months Ended
	Mar. 31, 2017
Discontinued Operations And Disposal Groups [Abstract]
Discontinued Operations	10. Discontinued Operations On June 30, 2016, the Company sold its patent licensing business resulting in the reclassification of all assets, liabilities, and operating results of the subsidiaries disposed. During the nine months ended March 31, 2017, the Company reached a final settlement with Microsoft Corporation for a one-time payment by Microsoft Corporation of $8,750. The payment, received in October 2016, included reimbursement of litigation costs incurred by the Company of approximately $2,000. During the nine months ended March 31, 2017, the Company paid $1,704 with respect to its fee split obligations with the purchaser of the divested subsidiaries. The Company incurred $0 and $318 of professional fees during the quarter and nine months ended March 31, 2017, respectively, related to its divested patent business. The following presents the activity associated with the divested business, as reclassified for the quarter and nine months ended March 31, 2016: For the Three Months Ended As Previously As Presented Reclassified March 31, 2016 Reclassification March 31, 2016 Net revenue $ 1,251 $ (1,251) $ — Operating costs and expenses: Patent licensing expenses 6,509 (6,509) — General and administrative 3,369 (1,363) 2,006 Total operating costs and expenses 9,878 2,006 Operating loss from continuing operations (8,627) (2,006) Interest income — — Interest expense (1,220) (1,220) Other income, net 73 73 Loss from continuing operations (9,774) (3,153) Income tax (12) (12) Loss from continuing operations after income taxes (9,786) (3,165) Discontinued operations: Loss from discontinued operations, net of tax — (6,621) (6,621) Net loss $ (9,786) $ (9,786) Basic and diluted net loss per share from: Continuing operations $ (1.04) $ (0.34) Discontinued operations — (0.70) Net loss per share $ (1.04) $ (1.04) Weighted average shares outstanding basic and diluted (in thousands) 9,432 9,432 For the Nine Months Ended As Previously As Presented Reclassified March 31, 2016 Reclassification March 31, 2016 Net revenue $ 3,754 $ (3,754) $ — Operating costs and expenses: Patent licensing expenses 24,154 (24,154) — General and administrative 8,796 (3,742) 5,054 Total operating costs and expenses 32,950 5,054 Operating loss from continuing operations (29,196) (5,054) Interest income 6 (1) 5 Interest expense (3,677) (3,677) Other income, net 64 64 Loss from continuing operations (32,803) (8,662) Income tax 122 122 Loss from continuing operations after income taxes (32,681) (8,540) Discontinued operations: Loss from discontinued operations, net of tax — (24,141) (24,141) Net loss $ (32,681) $ (32,681) Basic and diluted net loss per share from: Continuing operations $ (3.48) $ (0.91) Discontinued operations — (2.57) Net loss per share $ (3.48) $ (3.48) Weighted average shares outstanding basic and diluted (in thousands) 9,402 9,402

Basis of Presentation and Sig17

Basis of Presentation and Significant Accounting Policies (Policies)	9 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the instructions for Form 10-Q and, therefore, do not include all information and footnotes which are normally included in the Company’s Form 10-K. These financial statements reflect all adjustments (consisting of normal recurring items or items discussed herein) that management believes are necessary to fairly state results for the interim periods presented. Results of operations for interim periods are not necessarily indicative of annual results of operations. The preparation of these financial statements in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) requires the Company to make estimates and assumptions that affect the reported amounts in the financial statements and disclosures of contingent assets and liabilities. On an on-going basis, the Company evaluates all of these estimates and assumptions. The most important of these estimates and assumptions relate to fair value measurements, compensation and benefits, asset impairment, the ability to realize deferred tax assets, the recognition and measurement of uncertain tax positions, allowance for doubtful accounts and contingencies. Although these and other estimates and assumptions are based on the best available information, actual results could be different from these estimates.
Changes in Accounting Principles	Changes in Accounting Principles. Leases. In February 2016, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) 2016-02, Leases (Topic 842), which requires a lessee to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases with a lease term of more than twelve months. Leases will continue to be classified as either financing or operating, with classification affecting the recognition, measurement and presentation of expenses and cash flows arising from a lease. The Company adopted ASU 2016-02 effective July 1, 2016. On the adoption date, the Company elected the practical expedient to not reassess whether any expired contracts contained leases. Additionally, the Company has elected to not apply the recognition standards of ASU 2016-02 to operating leases with effective terms of twelve months or less (“Short-Term Leases”). For Short-Term Leases, the Company recognizes lease payments on a straight-line basis over the lease term in the period in which the obligation for those payments is incurred. On the adoption date, all of the Company’s contracts constituting leases had expired or were Short Term Leases. Accordingly, the adoption of ASU 2016-02 required no changes in the accompanying condensed consolidated financial statements for any of the periods presented. Presentation of Debt Issuance Costs. On July 1, 2016, the Company implemented ASU 2015-03 Interest – Imputation of Interest (Topic 830) – Simplifying the Presentation of Debt Issuance Costs . ASU 2015-03 requires debt issuance costs to be presented in the nature of debt discounts and its implementation results in reclassification of the prior periods. All of the Company’s debt issuance costs prior to the adoption of ASU 2015-03 on July 1, 2016 have been fully amortized or otherwise expensed as of March 31, 2017. Equity Compensation. In March 2016, the FASB issued ASU 2016-09, Compensation – Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting , which simplifies several aspects of the accounting for share-based payments, including accounting for income taxes, forfeitures and statutory tax withholding requirements, and classification within the statement of cash flows. The Company prospectively adopted ASU 2016-09 on July 1, 2016. Upon adoption, the Company made an election to account for forfeitures of non-vested equity awards in the periods in which they occur. The other provisions of ASU 2016-09 did not have a material impact on the accompanying condensed consolidated financial statements for any of the periods presented. Income Taxes. In October 2016, the FASB issued ASU 2016-16, Income Taxes (Topic 740), which requires that the Company recognize the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs. The Company adopted ASU 2016-16 prospectively on July 1, 2016 with no effect on the accompanying condensed consolidated financial statements. Goodwill. In January 2017, the FASB issued ASU 2017-04 Intangibles – Goodwill and Other (Topic 350), which simplifies the subsequent measurement of goodwill by eliminating the quantitative test (“Step 2”) for impairment for any reporting unit with a zero or negative carrying amount based on a qualitative assessment (“Step1”). The Company adopted ASU 2017-01 on January 1, 2017 with no effect on the accompanying condensed consolidated financial statements. Business Combinations. In January 2017, the FASB issued ASU 2017-01, Business Combinations (Topic 805), which clarifies the definition of a business. In accordance with the provisions, the Company adopted ASU 2017-01 as of July 1, 2016 with no effect on the accompanying condensed consolidated financial statements.
Deferred Tax Assets	Deferred Tax Assets. The Company has provided a full valuation allowance against its deferred tax assets because the Company has not been able to conclude that future utilization of its net operating loss carryforwards and other tax assets is more likely than not.
Investment in GECC	Investment in GECC. On November 1, 2016, the Company deconsolidated its investment in GECC upon the Company no longer having a controlling financial interest in GECC. The Company determined that, by virtue of being GECC’s investment manager, the Company has significant influence (within the meaning of Accounting Standards Classification (“ASC”) Topic 323, Investments-Equity Method and Joint Ventures ), over GECC. Upon deconsolidation, the Company elected to account for its remaining 15% investment in GECC at fair value as permitted by ASC Topic 825, Financial Instruments .
Segments	Segments. In November 2016, the Company changed its organizational structure in connection with the Merger. As a result, there was a change in the information that the Company’s chief operating decision maker regularly reviews for purposes of allocating resources and assessing performance. Beginning in the quarter ended December 2016, the Company began reporting financial performance based on its new segment described in Note 8. The Company has recast certain prior period amounts to conform to the manner it currently internally manages and monitors segment performance.
Deferred Purchase Price	Deferred Purchase Price. The purchaser of the Company’s discontinued patent business is obligated to pay to the Company up to an additional $10,000, subject to adjustment for indemnification or claims of breach of representations and warranties. The Company performed an analysis as to the probability of the purchaser making such claims and was unable to conclude if, when, or what portion of such amount was probable of realization. This analysis was based on the uncertainty surrounding the enforceability of the sold patents, and the inability to ascertain the likelihood of favorable outcomes from related legal proceedings. The determination that such amount was not realizable at June 30, 2016 resulted in the Company concluding such amount constitutes contingent consideration. The Company expects to recognize the known or estimable portion of the additional consideration in the period it becomes realizable.
Cash and Cash Equivalents	Cash and Cash Equivalents. Cash and cash equivalents are comprised of cash and highly liquid investments with remaining maturities of 90 days or less at the date of purchase. Cash equivalents consist primarily of exchange traded money market funds. The Company is exposed to credit risk in the event of default by the financial institutions or the issuers of these investments to the extent the amounts on deposit or invested are in excess of amounts that are insured.
Revenue Recognition	Revenue Recognition. The revenues of the Company’s investment management segment primarily consist of management fees, performance fees and administrative and other fees. The base management fee from GECC is calculated at an annual rate of 1.50% of GECC’s average adjusted gross assets, including assets purchased with borrowed funds. The base management fee will be payable quarterly in arrears. The base management fee is calculated based on the average value of GECC’s gross assets, excluding cash and cash equivalents, at the end of the two most recently completed calendar quarters, and appropriately adjusted for any share issuances or repurchases during the then current calendar quarter. Base management fees for any partial quarter are prorated. The incentive fee from GECC consists of two components, an investment income component and a capital gains component. Under the investment income component, on a quarterly basis, GECC will pay the Company 20% of the amount by which GECC’s pre-incentive fee net investment income (the “Pre-Incentive Fee Net Investment Income”) for the quarter exceeds a hurdle rate of 1.75% of GECC’s net assets at the end of the immediately preceding calendar quarter, subject to a “catch-up” provision pursuant to which the Company receives all of such income in excess of the 1.75% level but less than 2.1875% and subject to a total return requirement (described below). The effect of the “catch-up” provision is that, subject to the total return provision, if pre-incentive fee net investment income exceeds 2.1875% of GECC’s net assets at the end of the immediately preceding calendar quarter, in any calendar quarter, the Company will receive 20.0% of GECC’s pre-incentive fee net investment income as if the 1.75% hurdle rate did not apply. These calculations will be appropriately prorated for any period of less than three months and adjusted for any share issuances or repurchases during the then current quarter. Pre-Incentive Fee Net Investment Income includes any accretion of original issue discount, market discount, payment-in-kind interest, payment-in-kind dividends or other types of deferred or accrued income, including in connection with zero coupon securities, that the Company and its consolidated subsidiaries have recognized in accordance with GAAP, but have not yet received in cash (collectively, “Accrued Unpaid Income”). Pre-Incentive Fee Net Investment Income does not include any realized capital gains or losses or unrealized capital appreciation or depreciation. Any income incentive fee otherwise payable with respect to Accrued Unpaid Income (collectively, the “Accrued Unpaid Income Incentive Fees”) are deferred, on a security by security basis, and becomes payable only if, as, when and to the extent cash is received by GECCs in respect thereof. Any Accrued Unpaid Income that is subsequently reversed in connection with a write-down, write-off, impairment or similar treatment of the investment giving rise to such Accrued Unpaid Income will, in the applicable period of reversal, (A) reduce Pre-Incentive Fee Net Investment Income and (B) reduce the amount of Accrued Unpaid Income Incentive Fees previously deferred. Under the capital gains component of the incentive fee, GECC is obligated to pay the Company at the end of each calendar year 20% of the aggregate cumulative realized capital gains from November 4, 2016 through the end of that year, computed net of aggregate cumulative realized capital losses and aggregate cumulative unrealized depreciation through the end of such year, less the aggregate amount of any previously paid capital gains incentive fees. Payment of the incentive fee is subject to a total return requirement, which provides that no incentive fee in respect of GECC’s pre-incentive fee net investment income will be payable except to the extent that 20.0% of the cumulative net increase in net assets resulting from operations from and after November 4, 2016 exceeds the cumulative incentive fees accrued and/or paid from and after November 4, 2016. For the purposes of this calculation, the “cumulative net increase in net assets resulting from operations” is the sum of GECC’s pre-incentive fee net investment income, realized gains and losses and unrealized appreciation and depreciation from and after November 4, 2016. Incentive fees are recorded on an accrual basis to the extent such amounts are contractually due. Accrued but unpaid incentive fees as of the reporting date are recorded in investment management fees receivable in the accompanying condensed consolidated balance sheets. Incentive fees are realized at the end of a measurement period, and in most cases annually. Once realized, such fees are not subject to reversal.
Intangible Assets	Intangible Assets. The Company is amortizing the intangible asset recognized in connection with the acquisition described in Note 4 on a straight-line basis over the 22 months following the close of the acquisition in November 2016. GECC’s investment management agreement (the “IMA”) with GECM expires 22 months from the close of the acquisition unless renewed or earlier terminated at GECC’s option.
Recently Issued Accounting Standards	Recently Issued Accounting Standards. Financial Instruments. In January 2016, the FASB issued ASU 2016-01, Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities , which revised entities’ accounting related to: (1) the classification and measurement of investments in equity securities; and (2) the presentation of certain fair value changes for financial liabilities measured at fair value. ASU 2016-01 also amends disclosure requirements associated with the fair value of financial instruments. The new guidance is effective for the Company’s fiscal year that begins on July 1, 2018 and requires a modified retrospective approach to adoption. Early adoption is only permitted for the provision related to instrument-specific credit risk. The Company believes that adoption of ASU 2016-01 will have no material impact on the accompanying condensed consolidated financial statements and related disclosures. In June 2016, the FASB issued ASU 2016-13, Financial Instruments-Credit Losses Measurement of Credit Losses on Financial Instruments Customer Revenue. In August 2015, the FASB issued ASU 2015-14, Revenue From Contracts with Customers (Topic 606): Deferral of the Effective Date . The Company is currently analyzing the potential impacts of early adoption of ASC Topic 606 in conjunction with its investment management business. The Company is contemplating early, retroactively adoption of the standards in Topic 606. The Company has performed a preliminary analysis of the impacts of adoption and currently does not believe it will have a material impact on revenue currently recognized from its quarterly investment management fees. The adoption may have an impact on the recognition timing of future incentive fees which could result in material differences in the Company’s financial position, results of operations, cash flows, and related disclosures in the period of adoption. The Company is contemplating adopting the Topic 606 related ASUs in the first interim period for its 2018 fiscal year.

Acquisition (Tables)

Acquisition (Tables)	9 Months Ended
	Mar. 31, 2017
Business Combinations [Abstract]
Schedule of Assets Acquired and Liabilities Assumed on the Date of Acquisition	The following table summarizes the consideration paid and the provisional allocation of the fair value of the assets acquired and liabilities assumed on the date of acquisition: As of November 3, 2016 (Provisional) Cash $ 80 GP Corp note issued 10,824 Warrants issued (classified as a liability) 216 Total consideration $ 11,120 Cash $ 100 Furniture and fixtures 22 Right-to-use asset 758 Lease deposit 170 Identifiable intangible asset 11,161 Goodwill — Lease liability (1,071) Less: Non-controlling interest (20) Net assets acquired $ 11,120

Related Party Transactions (Tab

Related Party Transactions (Tables)	9 Months Ended
	Mar. 31, 2017
Related Party Transactions [Abstract]
Schedule of Investments and Sharing Agreements	The following table illustrates the related party activity related to the operations of GECC for the periods presented: As of and for the three months ended March 31, 2017 2016 Investment in GECC Unrealized loss on investment in GECC $ (570 ) $ — GECC dividends recorded for the period $ 490 $ — Managing GECC Reimbursement of GECC formation expenses for the period $ — $ — Investment management fees for the period $ 1,582 $ — GECC administrative expenses incurred during the period $ 446 $ — Net receivable due from GECC at the end of the period $ 556 $ — Cost Sharing with MAST GECM costs charged to MAST Capital $ 994 $ — Net receivable due from MAST Capital at the end of the period $ 57 $ — Profit Sharing with GP Corp. GP Corp Note balance at the end of the period $ 10,574 $ — Interest accrued and paid on GP Corp Note during the period $ 108 $ — Principal payments made on GP Corp Note during the period $ 250 $ — GECM net income contributed to GP Corp $ 226 $ — GP Corp net loss attributable to Great Elm Capital Group, Inc. $ (1,395 ) $ — For the nine months ended March 31, 2017 2016 Investment in GECC Unrealized loss on investment in GECC $ (7,619 ) $ — GECC dividends recorded for the period $ 816 $ — Managing GECC Reimbursement of GECC formation expenses for the period $ 2,989 $ — Investment management fees for the period $ 2,862 $ — GECC administrative expenses incurred during the period $ 508 $ — Cost Sharing with MAST GECM costs charged to MAST Capital $ 1,809 $ — Profit Sharing with GP Corp. GP Corp Note balance at the end of the period $ 10,574 $ — Interest accrued on GP Corp note during the period $ 175 $ — Principal payments made on GP Corp note during the period $ 250 $ — GECM net income contributed to GP Corp $ 232 $ — GP Corp net loss attributable to Great Elm Capital Group, Inc. $ (2,221 ) $ —

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
	Mar. 31, 2017
Equity [Abstract]
Summary of the Activity of Restricted Stock Units	The following table illustrates the Company’s restricted stock award activity as of and through March 31, 2017 (in thousands, except per share amounts): Weighted Average Restricted Grant Date Restricted Stock Awards Stock Awards Fair Value Outstanding at June 30, 2015 116 $ 19.22 Granted 55 12.02 Vested (122) 18.46 Forfeited (17) 16.16 Outstanding at June 30, 2016 32 $ 13.30 Granted 1,131 3.90 Vested (32) 13.30 Forfeited — — Outstanding at March 31, 2017 1,131 $ 3.90
Summary of Option Activity	The following table illustrates the Company’s option award activity as of and through March 31, 2017 (in thousands, except per share amounts): Weighted Average Weighted Remaining Average Contractual Aggregate Options Shares Exercise Price Term (years) Intrinsic Value Outstanding at June 30, 2015 640 $ 12.18 Options granted 131 9.01 Exercised — — Forfeited, cancelled or expired (161) 19.34 Outstanding at June 30, 2016 610 $ 9.60 Options granted 170 3.27 Exercised — — Forfeited, cancelled or expired (58) — Outstanding at March 31, 2017 722 $ 7.46 7.54 $ — Exercisable at March 31, 2017 586 $ 8.43 7.10 $ —

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Mar. 31, 2017
Segment Reporting [Abstract]
Schedule of Segment Information	For the Three Months Ended March 31, For the Nine Months Ended March 31, 2017 2016 2017 2016 Revenue: Investment management advisory fees $ 1,582 $ — $ 2,862 $ — General corporate 490 — 816 — Total revenue 2,072 — 3,678 — Costs and Expenses: Investment management $ 2,821 $ — $ 4,866 $ — General corporate 1,435 2,006 2,676 5,054 Total operating costs and expenses 4,256 2,006 7,542 5,054 Operating loss: Investment management $ (961) $ — $ (1,560) $ — General corporate (945) (2,006) (1,860) (5,054) Total pre-tax loss from operations (1,906) (2,006) (3,420) (5,054) Other expense, net $ (613) $ (1,159) (12,790) $ (3,486) Income (loss) from discontinued operations, net — (6,621) 2,308 (24,141) Net loss $ (2,519) $ (9,786) $ (13,902) $ (32,681) Capital Expenditures and Acquisitions: Investment management $ — $ — $ 13,987 $ — General corporate — — — 35 Total $ — $ — $ 13,987 $ 35 As of March 31, As of June 30, 2017 2016 Assets: Investment management $ 14,588 $ — General corporate 69,444 80,897 Total assets $ 84,032 $ 80,897

Related Party Borrowings (Table

Related Party Borrowings (Tables)	9 Months Ended
	Mar. 31, 2017
Debt Disclosure [Abstract]
Summary of Related Party Borrowing Activity	The following table summarizes the Company’s related party borrowing activity: March 31, June 30, 2017 2016 Balance beginning of year $ 33,786 $ 29,874 Issuance of GP Corp note 10,891 — Issuance of in-kind notes — 4,355 Reclassification of unamortized debt issuance costs — (854) Amortization of discount and issuance costs 2,802 411 Principal and interest payments (36,905) — Balance end of period $ 10,574 $ 33,786 Current portion, end of period $ 250 $ — Balance, net of current portion, end of period $ 10,324 $ 33,786

Discontinued Operations (Tables

Discontinued Operations (Tables)	9 Months Ended
	Mar. 31, 2017
Discontinued Operations And Disposal Groups [Abstract]
Schedule of Activity Associated with the Divested Business, as Reclassified	The following presents the activity associated with the divested business, as reclassified for the quarter and nine months ended March 31, 2016: For the Three Months Ended As Previously As Presented Reclassified March 31, 2016 Reclassification March 31, 2016 Net revenue $ 1,251 $ (1,251) $ — Operating costs and expenses: Patent licensing expenses 6,509 (6,509) — General and administrative 3,369 (1,363) 2,006 Total operating costs and expenses 9,878 2,006 Operating loss from continuing operations (8,627) (2,006) Interest income — — Interest expense (1,220) (1,220) Other income, net 73 73 Loss from continuing operations (9,774) (3,153) Income tax (12) (12) Loss from continuing operations after income taxes (9,786) (3,165) Discontinued operations: Loss from discontinued operations, net of tax — (6,621) (6,621) Net loss $ (9,786) $ (9,786) Basic and diluted net loss per share from: Continuing operations $ (1.04) $ (0.34) Discontinued operations — (0.70) Net loss per share $ (1.04) $ (1.04) Weighted average shares outstanding basic and diluted (in thousands) 9,432 9,432 For the Nine Months Ended As Previously As Presented Reclassified March 31, 2016 Reclassification March 31, 2016 Net revenue $ 3,754 $ (3,754) $ — Operating costs and expenses: Patent licensing expenses 24,154 (24,154) — General and administrative 8,796 (3,742) 5,054 Total operating costs and expenses 32,950 5,054 Operating loss from continuing operations (29,196) (5,054) Interest income 6 (1) 5 Interest expense (3,677) (3,677) Other income, net 64 64 Loss from continuing operations (32,803) (8,662) Income tax 122 122 Loss from continuing operations after income taxes (32,681) (8,540) Discontinued operations: Loss from discontinued operations, net of tax — (24,141) (24,141) Net loss $ (32,681) $ (32,681) Basic and diluted net loss per share from: Continuing operations $ (3.48) $ (0.91) Discontinued operations — (2.57) Net loss per share $ (3.48) $ (3.48) Weighted average shares outstanding basic and diluted (in thousands) 9,402 9,402

Nature of Operations (Details)

Nature of Operations (Details) - USD ($)	Mar. 31, 2017	Nov. 30, 2016	Nov. 01, 2016
GP Corp.
Percentage of ownership interest (as a percent)	80.10%
GECC
Percentage of ownership interest (as a percent)	15.00%	15.00%	15.00%
Cost basis of GECC shares owned	$ 30,000
MAST Capital Investor
Percentage of outstanding shares, held by MAST capital	18.60%

Basis of Presentation and Sig25

Basis of Presentation and Significant Accounting Policies (Details) - USD ($)	1 Months Ended	9 Months Ended
	Nov. 30, 2016	Mar. 31, 2017	Dec. 31, 2016	Nov. 01, 2016
Maximum
Significant Accounting Policies [Line Items]
Contingent payment from purchaser of discontinued patent business			$ 10,000
GECC
Significant Accounting Policies [Line Items]
Percentage of ownership interest (as a percent)	15.00%	15.00%		15.00%
Annual rate of base management fee earned as percentage of average adjusted gross assets		1.50%
Incentive fee earned on net investment income		20.00%
Fixed hurdle rate per quarter		1.75%
Pre-incentive fee net investment income as percentage of net assets		2.1875%
Incentive fee earned on net capital gains		20.00%
Incentive fee income if 20% of cumulative net increase in net assets resulting from operations didn't exceeds the cumulative incentive fees		$ 0
Cumulative net increase in net assets resulting from operations		20.00%
Expiration term of IMA	22 months
Amortization period of intangible assets	22 months

Investments, at Fair Value (Det

Investments, at Fair Value (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended	5 Months Ended	9 Months Ended
	Nov. 30, 2016	Mar. 31, 2017	Mar. 31, 2017	Mar. 31, 2017	Nov. 01, 2016
Unrealized loss on value of investment in GECC holdings		$ 570		$ 7,619
GECC
Percentage of ownership interest (as a percent)	15.00%	15.00%	15.00%	15.00%	15.00%
Unrealized loss on value of investment in GECC holdings	$ 8,465	$ 570
Gain on the fair value of GECC			$ 846

Acquisition - Additional Inform

Acquisition - Additional Information (Details) - USD ($)	Nov. 03, 2016	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016	Jun. 30, 2016
Business Acquisition [Line Items]
Loss from continuing operations		$ 2,882,000	$ 3,153,000	$ 17,703,000	$ 8,662,000
Loss per share from continuing operations		$ 0.11	$ 0.34	$ 1.14	$ 0.91
Common stock, shares authorized		350,000,000		350,000,000		350,000,000
Common stock, par value		$ 0.001		$ 0.001		$ 0.001
Gain on change in fair value of earnout liability		$ 25,000		$ 36,000
MAST Capital Investor | Common Stock Warrant
Business Acquisition [Line Items]
Common stock, shares authorized	54,733
Estimated grant date fair value	$ 216,000
Common stock, par value	$ 0.01
MAST Capital Investor | Minimum | Common Stock Warrant
Business Acquisition [Line Items]
IMA fee performance requirement	$ 40,000,000
GP Corp.
Business Acquisition [Line Items]
Acquisition related costs	0
GP Corp. | Pro Forma
Business Acquisition [Line Items]
Loss from continuing operations		$ 1,402,000		$ 12,119,000
Loss per share from continuing operations		$ 0.06		$ 0.85
Acquisition Agreement with MAST Capital | GP Corp.
Business Acquisition [Line Items]
Percentage of ownership interest (as a percent)		80.10%		80.10%
Investment in equity interest	80,000
Secured notes, amount	10,824,000
Secured notes, due date				Nov. 3, 2026
Mandatory annual payments on debt	$ 250,000
Acquisition Agreement with MAST Capital | GP Corp. | 90-day LIBOR
Business Acquisition [Line Items]
Spread on variable rate basis of debt	3.00%

Acquisition - Schedule of Asset

Acquisition - Schedule of Assets Acquired and Liabilities Assumed on the Date of Acquisition (Details) - USD ($) $ in Thousands	Nov. 03, 2016	Mar. 31, 2017
Assets Acquired and Liabilities Assumed
GP Corp note issued		$ 10,824
GP Corp.
Assets Acquired and Liabilities Assumed
Cash	$ 80
GP Corp note issued	10,824
Warrants issued	216
Total consideration	11,120
Cash	100
Furniture and fixtures	22
Right-to-use asset	758
Lease deposit	170
Identifiable intangible asset	11,161
Lease liability	(1,071)
Less: Non-controlling interest	(20)
Net assets acquired	$ 11,120

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Details) - USD ($) $ in Thousands	Nov. 03, 2016	Mar. 31, 2017	Mar. 31, 2017
Related Party Transaction [Line Items]
Amortization of intangible asset		$ 1,522	$ 2,537
Intangible asset remaining useful life			17 months
MAST Capital Investor
Related Party Transaction [Line Items]
Bad debt expense		$ 567	$ 567
Acquisition Agreement with MAST Capital | GP Corp.
Related Party Transaction [Line Items]
Maximum unreimbursed costs before right of set-off against amounts due under debt agreements	$ 1,430

Related Party Transactions - Sc

Related Party Transactions - Schedule of Investments and Sharing Agreements - (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016
Related Party Transaction [Line Items]
Unrealized loss on investment in GECC	$ (570)		$ (7,619)
Investment management fees for the period	1,582		2,862
GECM costs charged to MAST Capital	4,256	$ 2,006	7,542	$ 5,054
Net receivable due at the end of the period	613		613
Principal payments made on GP Corp Note during the period			36,838
GECM net income contributed to GP Corp	(2,519)	$ (9,786)	(13,902)	$ (32,681)
GP Corp net loss attributable to Great Elm Capital Group, Inc.	(278)		(444)
Investment in GECC
Related Party Transaction [Line Items]
Unrealized loss on investment in GECC	(570)		(7,619)
GECC dividends recorded for the period	490		816
Managing GECC
Related Party Transaction [Line Items]
Reimbursement of GECC formation expenses for the period			2,989
Investment management fees for the period	1,582		2,862
GECC administrative expenses incurred during the period	446		508
Net receivable due at the end of the period	556		556
Cost Sharing with MAST
Related Party Transaction [Line Items]
GECM costs charged to MAST Capital	994		1,809
Net receivable due at the end of the period	57		57
Profit Sharing with GP Corp
Related Party Transaction [Line Items]
Secured notes, amount	10,574		10,574
Interest accrued and paid on GP Corp Note during the period	108
Interest accrued on GP Corp note during the period			175
Principal payments made on GP Corp Note during the period	250		250
GECM net income contributed to GP Corp	226		232
GP Corp net loss attributable to Great Elm Capital Group, Inc.	$ (1,395)		$ (2,221)

Stockholders' Equity - Rights O

Stockholders' Equity - Rights Offering (Detail) - USD ($) $ / shares in Units, $ in Thousands	Nov. 23, 2016	Oct. 13, 2016	Mar. 31, 2017	Jun. 30, 2016
Stockholders' Equity
Common stock, shares issued			23,199,841	9,466,670
Proceeds from issuance of common stock, net			$ 42,656
Rights Offering
Stockholders' Equity
Proceeds from investors, on issuance of common stock	$ 45,000	$ 36,600
Stock rights exercise price	$ 3.285
Common stock, shares issued	12,755,200
Proceeds from issuance of common stock, net	$ 41,901
Net proceeds	$ 39,682
Rights Offering | Backstop Providers
Stockholders' Equity
Common stock, shares issued	945,343
Proceeds from issuance of common stock, net	$ 3,092

Stockholders' Equity - Performa

Stockholders' Equity - Performance Shares (Detail) - Restricted Stock - USD ($) $ in Thousands	3 Months Ended	9 Months Ended	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2017	Jun. 30, 2016
Stockholders' Equity
Granted		1,081,000
Vesting period		5 years
IMA collections performance requirement		$ 40,000
Maximum term of IMA fees earned		5 years
Grant date fair value of awards	$ 4,233	$ 4,233
Recognized compensation cost related to performance based awards	$ 454	$ 767
Performance awards forfeited		0	17,000
Vesting on First Anniversary of Grant
Stockholders' Equity
Percentage vesting		20.00%
Vesting Quarterly During Four Year Period
Stockholders' Equity
Percentage vesting		5.00%

Stockholders' Equity - Activity

Stockholders' Equity - Activity of Restricted Stock Units (Detail) - Restricted Stock - $ / shares	9 Months Ended	12 Months Ended
	Mar. 31, 2017	Jun. 30, 2016
Shares
Beginning Balance	32,000	116,000
Granted	1,131,000	55,000
Vested	(32,000)	(122,000)
Forfeited	0	(17,000)
Ending Balance	1,131,000	32,000
Weighted Average Grant Date Fair Value
Beginning Balance	$ 13.30	$ 19.22
Granted	3.90	12.02
Vested	13.30	18.46
Forfeited		16.16
Ending Balance	$ 3.90	$ 13.30

Stockholders' Equity - Stock Op

Stockholders' Equity - Stock Options (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended	9 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Mar. 31, 2017	Mar. 31, 2016	Jun. 30, 2016
Stockholders' Equity
Options granted				170,000		131,000
Stock-based compensation				$ 1,219	$ 836
Total unrecognized compensation cost	$ 4,000			$ 4,000
Employee Stock Option
Stockholders' Equity
Options granted			141,437	170,000	131,352
Estimated grant date fair value of options				$ 628	$ 700
Exercise price of options			$ 6.99
Exercise price of options resulting from anti-dilution provisions			$ 3.285
Restricted Stock Awards and Stock Options
Stockholders' Equity
Stock-based compensation	$ 573	$ 547		$ 1,219	$ 1,743

Stockholders' Equity - Summary

Stockholders' Equity - Summary of Option Activity (Detail) - $ / shares shares in Thousands	9 Months Ended	12 Months Ended
	Mar. 31, 2017	Jun. 30, 2016
Shares
Beginning Balance	610	640
Options granted	170	131
Forfeited, cancelled or expired	(58)	(161)
Ending Balance	722	610
Exercisable at March 31, 2017	586
Weighted average exercise price
Beginning Balance	$ 9.60	$ 12.18
Options granted	3.27	9.01
Forfeited, cancelled or expired		19.34
Ending Balance	7.46	$ 9.60
Exercisable	$ 8.43
Weighted average remaining contractual term
Outstanding	7 years 6 months 15 days
Exercisable	7 years 1 month 6 days

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016
Income Tax Disclosure [Abstract]
Loss before income taxes from continuing operations			$ 17,703
Income before taxes from discontinued operations			3,427
Income tax for the period			70
Income tax benefit from continuing operations	$ 85	$ (12)	1,049	$ 122
Incremental tax expense allocated to discontinued operations			$ 1,119
Effective tax rate			5.90%
Expected overall net tax position for the fiscal year	$ 0		$ 0

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016	Jun. 30, 2016
Revenue:
Total revenue	$ 2,072		$ 3,678
Costs and Expenses:
Total operating costs and expenses	4,256	$ 2,006	7,542	$ 5,054
Operating loss:
Operating loss	(1,906)	(2,006)	(3,420)	(5,054)
Other expense, net	(613)	(1,159)	(12,790)	(3,486)
Income (loss) from discontinued operations, net		(6,621)	2,308	(24,141)
Net loss attributable to Great Elm Capital Group, Inc.	(2,519)	(9,786)	(13,902)	(32,681)
Total capital expenditures and acquisitions			13,987	35
Assets:
Total assets	84,032		84,032		$ 80,897
Investment management
Revenue:
Total revenue	1,582		2,862
Costs and Expenses:
Total operating costs and expenses	2,821		4,866
Operating loss:
Operating loss	(961)		(1,560)
Total capital expenditures and acquisitions			13,987
Assets:
Total assets	14,588		14,588
General corporate
Revenue:
Total revenue	490		816
Costs and Expenses:
Total operating costs and expenses	1,435	2,006	2,676	5,054
Operating loss:
Operating loss	(945)	$ (2,006)	(1,860)	(5,054)
Total capital expenditures and acquisitions				$ 35
Assets:
Total assets	$ 69,444		$ 69,444		$ 80,897

Related Party Borrowings - Seni

Related Party Borrowings - Senior Secured Notes (Detail) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Jun. 30, 2016
Debt Instrument [Line Items]
Balance beginning of year	$ 33,786	$ 29,874	$ 29,874
Issuance of in-kind notes			4,355
Reclassification of unamortized debt issuance costs			(854)
Amortization of discount and issuance costs	2,802	$ 464	411
Principal and interest payments	(36,905)
Balance end of period	10,574		33,786
Current portion, end of period	250
Balance, net of current portion, end of period	10,324		$ 33,786
GP Corp Note
Debt Instrument [Line Items]
Issuance of GP Corp note	$ 10,891

Related Party Borrowings - Addi

Related Party Borrowings - Additional Information (Detail) - USD ($) $ in Thousands	Nov. 03, 2016	Oct. 31, 2016	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016
Debt Instrument [Line Items]
Interest expense			$ 108	$ 1,220	$ 6,211	$ 3,672
Payment of related party Note					36,838
Senior Secured Notes
Debt Instrument [Line Items]
Total cash payment to retire Notes		$ 39,838
Interest expense		1,209
Call premium		2,041
Payment of related party Note		$ 36,588
GP Corp Note
Debt Instrument [Line Items]
Interest expense			108		$ 175
Payment of related party Note			$ 250
Stated interest rate			3.90%		3.90%
Base amount for which excess net expenses may be applied to the annual principal payment obligation.	$ 1,430
Mandatory annual payments on debt	$ 250

Discontinued Operations - Addit

Discontinued Operations - Additional Information (Detail) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended	9 Months Ended
	Oct. 31, 2016	Mar. 31, 2017	Mar. 31, 2017
Discontinued Operations
Payment of fee split obligations		$ 1,704	$ 1,704
Divested Patent Business
Discontinued Operations
Professional fees		$ 0	318
Microsoft Litigation
Discontinued Operations
Settlement payment			$ 8,750
Reimbursement of litigation costs	$ 2,000

Discontinued Operations - Sched

Discontinued Operations - Schedule of Activity Associated with the Divested Business, as Reclassified (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016
Discontinued Operations
Net revenue	$ 2,072		$ 3,678
Operating costs and expenses:
General and administrative	2,710	$ 2,006	4,978	$ 5,054
Total operating costs and expenses	4,256	2,006	7,542	5,054
Operating loss	(2,184)	(2,006)	(3,864)	(5,054)
Interest expense	(108)	(1,220)	(6,211)	(3,672)
Other income, net	(20)	73	(9)	64
Loss from continuing operations, before income taxes	(2,882)	(3,153)	(17,703)	(8,662)
Income tax	85	(12)	1,049	122
Loss from continuing operations	(2,797)	(3,165)	(16,654)	(8,540)
Discontinued operations:
Loss from discontinued operations, net of tax		(6,621)	2,308	(24,141)
Net loss attributable to Great Elm Capital Group, Inc.	$ (2,519)	$ (9,786)	$ (13,902)	$ (32,681)
Basic and diluted net loss per share from:
Continuing operations	$ (0.11)	$ (0.34)	$ (1.14)	$ (0.91)
Discontinued operations		(0.70)	0.16	(2.57)
Net loss per share	$ (0.11)	$ (1.04)	$ (0.98)	$ (3.48)
Weighted average shares outstanding basic and diluted	23,187	9,432	14,177	9,402
Divested Patent Business
Operating costs and expenses:
General and administrative		$ 2,006		$ 5,054
Total operating costs and expenses		2,006		5,054
Operating loss		(2,006)		(5,054)
Interest income				5
Interest expense		(1,220)		(3,677)
Other income, net		73		64
Loss from continuing operations, before income taxes		(3,153)		(8,662)
Income tax		(12)		122
Loss from continuing operations		(3,165)		(8,540)
Discontinued operations:
Loss from discontinued operations, net of tax		(6,621)		(24,141)
Net loss attributable to Great Elm Capital Group, Inc.		$ (9,786)		$ (32,681)
Basic and diluted net loss per share from:
Continuing operations		$ (0.34)		$ (0.91)
Discontinued operations		(0.70)		(2.57)
Net loss per share		$ (1.04)		$ (3.48)
Weighted average shares outstanding basic and diluted		9,432		9,402
Divested Patent Business | As Previously Presented
Discontinued Operations
Net revenue		$ 1,251		$ 3,754
Operating costs and expenses:
Patent licensing expenses		6,509		24,154
General and administrative		3,369		8,796
Total operating costs and expenses		9,878		32,950
Operating loss		(8,627)		(29,196)
Interest income				6
Interest expense		(1,220)		(3,677)
Other income, net		73		64
Loss from continuing operations, before income taxes		(9,774)		(32,803)
Income tax		(12)		122
Loss from continuing operations		(9,786)		(32,681)
Discontinued operations:
Net loss attributable to Great Elm Capital Group, Inc.		$ (9,786)		$ (32,681)
Basic and diluted net loss per share from:
Continuing operations		$ (1.04)		$ (3.48)
Net loss per share		$ (1.04)		$ (3.48)
Weighted average shares outstanding basic and diluted		9,432		9,402
Divested Patent Business | Reclassification
Discontinued Operations
Net revenue		$ (1,251)		$ (3,754)
Operating costs and expenses:
Patent licensing expenses		(6,509)		(24,154)
General and administrative		(1,363)		(3,742)
Interest income				(1)
Discontinued operations:
Loss from discontinued operations, net of tax		$ (6,621)		$ (24,141)