Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.22.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
 6 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:    
Consolidated net loss $ (20,860,000) $ (15,665,000)
Adjustments to reconcile consolidated net loss to net cash used in operating activities:    
Share-based compensation 1,924,000 616,000
Amortization of intangible assets 211,000 145,000
Amortization of finance lease right-of-use assets 563,000 830,000
Amortization of operating lease right-of-use assets 246,000 0
Depreciation of fixed assets 823,000 211,000
Accrued interest receivable on convertible promissory note receivable (38,000) (19,000)
Amortization of premiums on debt securities 195,000 50,000
Forgiveness of note payable and accrued interest - SBA loan (607,000) 0
Settlement of revenue contract (84,000) 0
Reserve for loss on contract 0 497,000
Changes in operating assets and liabilities:    
Accounts receivable - trade 3,000 (104,000)
Accounts receivable - other 0 (52,000)
Inventory (1,959,000) (273,000)
Prepaid expenses and other current assets (971,000) (1,720,000)
Prepaid expenses - noncurrent (811,000) 0
Security deposits (17,000) 0
Accounts payable 872,000 491,000
Accrued expenses 522,000 81,000
Operating lease obligations (11,000) 0
Contract liabilities (34,000) (577,000)
Net cash used in operating activities (20,033,000) (15,489,000)
Cash flows from investing activities:    
Purchases of debt securities (4,336,000) (16,466,000)
Redemption of debt securities 5,511,000 0
Purchase of equity security (1,173,000) 0
Additions to intangible assets (2,867,000) (177,000)
Purchases of fixed assets (3,256,000) (1,413,000)
Issuance of note receivable 0 (1,500,000)
Net cash used in investing activities (6,121,000) (19,556,000)
Cash flows from financing activities:    
Payment of finance lease obligation (5,810,000) (147,000)
Proceeds from sales of preferred and common stock 0 70,397,000
Proceeds from subscription receivable 0 5,549,000
Proceeds from the exercise of stock options 77,000 28,000
Proceeds from term note 0 0
Cost to attain term note (322,000) 0
Acquisition of noncontrolling interest (50,000) 0
Costs to raise capital 0 (4,642,000)
Net cash provided by (used in) financing activities (6,105,000) 71,185,000
Net increase (decrease) in cash, cash equivalents and restricted cash (32,259,000) 36,140,000
Cash, cash equivalents - beginning 77,404,000 55,112,000
Cash, cash equivalents and restricted cash - end 45,145,000 91,252,000
Schedule of non-cash activities:    
Increase in ROU operating assets and liabilities for new leases 5,570,000 0
Unpaid portion of RubrYc transaction 2,500,000 0
Fixed assets included in accounts payable in prior period, paid in current period 791,000  
Unrealized loss on available-for-sale debt securities 28,000 20,000
Lease incentive for construction in progress 82,000 0
Unpaid fixed assets included in accounts payable 404,000 419,000
Termination of finance ROU assets including issuance of warrant 25,386,000 0
Note payable to acquire Facility 22,375,000 0
Issuance of warrant for final finance lease obligation payment 217,000 0
Unpaid intangible assets included in accounts payable 0 9,000
Acquisition of noncontrolling interest 18,000 0
Settlement of revenue contract 580,000 0
Conversion of preferred stock shares into common stock 0 29,000
Supplemental cash flow information:    
Cash paid during the period for interest $ 612,000 $ 1,228,000