Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.20.1
Condensed Consolidated Statements of Cash Flows - USD ($)
 9 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Consolidated net loss $ (12,904,000) $ (13,093,000)
Adjustments to reconcile consolidated net loss to net cash used in operating activities:    
Share-based compensation 168,000 182,000
Amortization of intangible assets 225,000 243,000
Amortization of finance lease right-of-use assets 1,246,000 0
Depreciation of fixed assets 207,000 1,065,000
Write-off of fixed assets 0 179,000
Changes in operating assets and liabilities:    
Accounts receivable - trade 22,000 (42,000)
Prepaid expenses and other current assets 101,000 (156,000)
Security deposits 0 1,000
Accounts payable (440,000) (29,000)
Accrued expenses 169,000 26,000
Contract liabilities 1,728,000 2,041,000
Net cash used in operating activities (9,478,000) (9,583,000)
Cash flows from investing activities:    
Additions to intangible assets (63,000) (41,000)
Purchases of fixed assets (271,000) (776,000)
Net cash used in investing activities (334,000) (817,000)
Cash flows from financing activities:    
Proceeds from sales of preferred and common stock 10,281,000 1,350,000
Proceeds from exercise of warrants 6,330,000 0
Proceeds from exercise of stock options 3,000 0
Costs to raise capital (381,000) (159,000)
Payments of notes payable - warrant exchange (800,000) 0
Proceeds from capital contribution 0 2,459,000
Payment of finance/capital lease obligation 0 (147,000)
Net cash provided by financing activities 15,433,000 3,503,000
Effect of exchange rate changes (2,000) 0
Net increase (decrease) in cash 5,619,000 (6,897,000)
Cash - beginning of period 4,421,000 15,934,000
Cash - end of period 10,040,000 9,037,000
Schedule of non-cash activities:    
Increase in ROU assets under ASC 842 7,489,000 0
Deemed dividends - down round of Series A Preferred and Series B Preferred 21,560,000 0
Issuances of common stock under warrant exchange 3,300,000 0
Issuance of notes payable under warrant exchange (3,300,000) 0
Cashless Exercise Of Warrants Reducing Balance Owed For Notes Payable 1,304,000 0
Unpaid intangible assets included in accounts payable 0 6,000
Intangible assets included in accounts payable in prior period, paid in current period 8,000 2,000
Fixed assets included in accounts payable in prior period, paid in current period 0 85,000
Unpaid fixed assets included in accounts payable 0 42,000
Conversion of preferred stock into common stock 29,000 2,000
Compensation shares 1,000 0
Supplemental cash flow information:    
Cash paid during the period for interest $ 1,756,000 $ 1,428,000