Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.20.2
Condensed Consolidated Statements of Cash Flows - USD ($)
 3 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Consolidated net loss $ (7,534,000) $ (4,464,000)
Adjustments to reconcile consolidated net loss to net cash used in operating activities:    
Share-based compensation 351,000 68,000
Amortization of intangible assets 72,000 77,000
Amortization of finance lease right-of-use assets 415,000 415,000
Depreciation of fixed assets 97,000 66,000
Changes in operating assets and liabilities:    
Accounts receivable - trade (225,000) 22,000
Work in process (45,000) 0
Prepaid expenses and other current assets (51,000) 107,000
Accounts payable (12,000) (403,000)
Accrued expenses 302,000 210,000
Contract liabilities (440,000) 1,615,000
Net cash used in operating activities (7,070,000) (2,287,000)
Cash flows from investing activities:    
Purchases of debt securities (6,017,000) 0
Additions to intangible assets (164,000) (30,000)
Purchases of fixed assets (419,000) 0
Net cash used in investing activities (6,600,000) (30,000)
Cash flows from financing activities:    
Proceeds from sales of common stock 32,122,000 0
Proceeds from subscription receivable 5,549,000 0
Proceeds from exercise of stock option 28,000 0
Costs to raise capital (1,525,000) 0
Payment of finance lease obligation (73,000) 0
Net cash provided by financing activities 36,101,000 0
Effect of exchange rate changes 0 (1,000)
Net increase (decrease) in cash 22,431,000 (2,318,000)
Cash - beginning of period 55,112,000 55,112,000
Cash - end of period 77,543,000 2,103,000
Schedule of non-cash activities:    
Unpaid fixed assets included in accounts payable 123,000 67,000
Fixed assets included in accounts payable in prior period, paid in current period 268,000 0
Conversion of preferred stock into common stock 29,000 4,000
Increase in ROU assets under ASC 842 0 7,489,000
Unpaid intangible assets included in accounts payable 0 4,000
Intangible assets included in accounts payable in prior period, paid in current period 0 8,000
Supplemental cash flow information:    
Cash paid during the period for interest $ 614,000 $ 525,000