Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.19.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Consolidated net loss $ (13,093) $ (11,690)
Adjustments to reconcile consolidated net loss to net cash used in operating activities:    
Share-based compensation 182 577
Amortization of intangible assets 243 256
Depreciation 1,065 1,020
Write-off of fixed assets 179 0
Changes in operating assets and liabilities:    
Accounts receivable – trade (42) (6)
Work in process 0 26
Prepaid expenses and other current assets (156) (123)
Security deposits 1 0
Accounts payable (29) 102
Accrued expenses 26 (178)
Contract liabilities 2,041 (89)
Net cash used in operating activities (9,583) (10,105)
Cash flows from investing activities:    
Additions to intangible assets (41) (85)
Purchases of fixed assets (776) (712)
Net cash used in investing activities (817) (797)
Cash flows from financing activities:    
Proceeds from sale of common stock 1,350 5,621
Costs to raise capital (159) (321)
Proceeds from capital contribution 2,459 0
Proceeds from additional paid-in capital – preferred stock 0 1,050
Payment of capital lease obligation (147) (136)
Net cash provided by financing activities 3,503 6,214
Effect of exchange rate changes 0 (2)
Net decrease in cash (6,897) (4,690)
Cash - beginning of period 15,934 8,088
Cash - end of period 9,037 3,398
Schedule of non-cash activities:    
Unpaid intangible assets included in accounts payable 6 42
Intangible assets included in accounts payable in prior period, paid in current period 2 7
Fixed assets included in accounts payable in prior period, paid in current period 85 87
Unpaid fixed assets included in accounts payable 42 141
Conversion of preferred stock shares into common stock shares 2 0
Supplemental cash flow information:    
Cash paid during the period for interest $ 1,428 $ 1,439