Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.24.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
 6 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:    
Consolidated net loss $ (13,957,000) $ (51,683,000)
Adjustments to reconcile consolidated net loss to net cash used in operating activities:    
Share-based compensation 1,221,000 2,349,000
Amortization of intangible assets 10,000 116,000
Amortization of finance lease right-of-use assets 136,000 88,000
Amortization of operating lease right-of-use assets 162,000 201,000
Depreciation of fixed assets 329,000 388,000
Gain on sale of fixed assets (50,000) 0
Accrued interest receivable on promissory note receivable (44,000) (38,000)
Amortization of premiums on debt securities 0 62,000
Amortization of deferred financing costs 120,000 123,000
Inventory reserve   4,933,000
Impairment of fixed assets 3,100,000 17,649,000
Accrued payment in kind on Term Loan (258,000)  
Impairment of intangible assets   565,000
Gain on disposition of finance lease ROU assets   (5,000)
Changes in operating assets and liabilities:    
Accounts receivable - trade   31,000
Inventory   (1,058,000)
Prepaid expenses and other current assets 250,000 1,134,000
Prepaid expenses - noncurrent   74,000
Security deposit   (21,000)
Accounts payable 11,000 1,178,000
Accrued expenses (354,000) 1,237,000
Accrued expenses - noncurrent (527,000) 1,065,000
Operating lease obligations (195,000) 30,000
Contract liabilities   (12,000)
Net cash used in operating activities (10,046,000) (21,594,000)
Cash flows from investing activities:    
Redemption of debt securities   4,899,000
Purchases of fixed assets   (5,433,000)
Sales proceeds for fixed assets 50,000 0
Payment for RubrYc asset acquisition   (692,000)
Net cash provided by (used in) investing activities 50,000 (1,226,000)
Cash flows from financing activities:    
Proceeds from sales of common stock 7,015,000 4,015,000
Cost to acquire capital (88,000) 0
Subscription receivable 204,000 0
Payments for fractional shares after reverse stock split (7,000) (39,000)
Proceeds from equipment financing loan   500,000
Payment of equipment financing loan (78,000) (25,000)
Payment of term note payable (436,000) (6,250,000)
Costs to attain term note   (22,000)
Payment of finance lease obligation (133,000) (82,000)
Net cash provided by financing activities 6,477,000 (1,903,000)
Net decrease in cash, cash equivalents and restricted cash (3,519,000) (24,723,000)
Cash, cash equivalents and restricted cash - beginning 7,579,000 28,672,000
Cash, cash equivalents and restricted cash - end 4,060,000 3,949,000
Schedule of non-cash activities:    
Fixed assets included in accounts payable in prior period, paid in current period 0 1,769,000
Increase in finance lease right-of-use assets for new leases 0 814,000
Increase in finance lease obligation for new leases 0 814,000
RubrYc asset acquisition by issuance of common stock 0 650,000
Insurance premium financing 597,000 0
Costs to raise capital paid directly from gross proceeds 503,000 636,000
Costs to raise capital included in accrued expenses. 369,000 0
Unpaid fixed assets included in accounts payable 0 329,000
Unrealized (gain) loss on available-for-sale debt securities 0 (46,000)
Supplemental cash flow information:    
Cash paid during the period for interest $ 401,000 $ 363,000