Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.21.2
Condensed Consolidated Statements of Cash Flows - USD ($)
 3 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Consolidated net loss $ (8,940,000) $ (7,534,000)
Adjustments to reconcile consolidated net loss to net cash used in operating activities:    
Share-based compensation 821,000 351,000
Amortization of intangible assets 88,000 72,000
Amortization of finance lease right-of-use assets 416,000 415,000
Depreciation of fixed assets 306,000 97,000
Accrued interest income on note receivable (19,000) 0
Amortization of premiums on debt securities 102,000 0
Forgiveness of note payable and accrued interest - SBA loan (607,000) 0
Settlement of revenue contract (84,000) 0
Changes in operating assets and liabilities:    
Accounts receivable - trade (93,000) (225,000)
Inventory (560,000) (45,000)
Prepaid expenses and other current assets 325,000 (51,000)
Prepaid expenses - noncurrent (912,000) 0
Accounts payable 79,000 (12,000)
Accrued expenses (269,000) 302,000
Contract liabilities 0 (440,000)
Net cash used in operating activities (9,347,000) (7,070,000)
Cash flows from investing activities:    
Purchases of debt securities (2,386,000) (6,017,000)
Redemption of debt securities 2,400,000 0
Purchase of equity security (1,173,000) 0
Additions to intangible assets (2,867,000) (164,000)
Purchases of fixed assets (1,123,000) (419,000)
Net cash used in investing activities (5,149,000) (6,600,000)
Cash flows from financing activities:    
Payment of finance lease obligation (88,000) (73,000)
Proceeds from sales of preferred and common stock 0 32,122,000
Proceeds from subscription receivable 0 5,549,000
Proceeds from the exercise of stock options 0 28,000
Costs to raise capital 0 (1,525,000)
Proceeds from capital contribution 0 0
Net cash provided by (used in) financing activities (88,000) 36,101,000
Net increase in cash and cash equivalents (14,584,000) 22,431,000
Cash and cash equivalents - beginning 77,404,000 55,112,000
Cash and cash equivalents - end 62,820,000 77,543,000
Schedule of non-cash activities:    
Increase in operating lease ROU asset for new lease - net of lease incentive 3,487,000 0
Increase in operating lease obligation for new lease 3,603,000 0
Unpaid portion of RubrYc transaction 2,500,000 0
Fixed assets included in accounts payable in prior period, paid in current period 383,000 268,000
Unrealized loss on available-for-sale debt securities 1,000 0
Unpaid fixed assets included in accounts payable 750,000 123,000
Settlement of revenue contract 580,000 0
Lease incentive for construction in progress 82,000 0
Proceeds from options exercised included in prepaid expenses and other current assets 77,000 0
Conversion of preferred stock shares into common stock 0 29,000
Supplemental cash flow information:    
Cash paid during the period for interest $ 610,000 $ 614,000