Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.22.2.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Consolidated net loss $ (18,130) $ (8,940)
Adjustments to reconcile consolidated net loss to net cash used in operating activities:    
Share-based compensation 1,222 821
Amortization of intangible assets 67 88
Amortization of finance lease right-of-use assets 13 416
Amortization of operating lease right-of-use assets 143 0
Depreciation of fixed assets 271 306
Accrued interest receivable on convertible promissory note receivable (19) (19)
Amortization of premiums on debt securities 36 102
Amortization of deferred financing costs 40 0
Inventory reserve 4,100 0
Forgiveness of note payable and accrued interest - SBA loan 0 (607)
Settlement of revenue contract 0 (84)
Changes in operating assets and liabilities:    
Accounts receivable - trade (54) (93)
Inventory (1,137) (560)
Prepaid expenses and other current assets 403 325
Prepaid expenses - noncurrent 30 (912)
Accounts payable 166 79
Accrued expenses (1,168) (269)
Operating lease obligations (3) 0
Contract liabilities 61 0
Net cash used in operating activities (13,959) (9,347)
Cash flows from investing activities:    
Purchases of debt securities 0 (2,386)
Redemption of debt securities 3,200 2,400
Purchase of equity security 0 (1,173)
Additions to intangible assets 0 (2,867)
Purchases of fixed assets (2,479) (1,123)
Payment for RubrYc asset acquisition (692) 0
Net cash used in investing activities 29 (5,149)
Cash flows from financing activities:    
Proceeds from sales of common stock 1,151 0
Payment of finance lease obligation (10) (88)
Net cash (used in) provided by financing activities 1,141 (88)
Net (decrease) increase in cash, cash equivalents and restricted cash (12,789) (14,584)
Cash, cash equivalents - beginning 28,672 77,404
Cash, cash equivalents and restricted cash - end 15,883 62,820
Schedule of non-cash activities:    
Increase in operating lease ROU assets for new lease - net of lease incentive 0 3,487
Increase in operating lease obligation for new lease 0 3,603
Increase in finance lease ROU assets for new leases 814 0
Increase in finance lease obligation for new leases 814 0
Fixed assets included in accounts payable in prior period, paid in current period 1,769 383
Lease incentive for construction in progress 0 82
Unpaid fixed assets included in accounts payable 2,143 750
Unpaid portion of RubrYc transaction 0 2,500
Unrealized loss on available-for-sale debt securities 10 1
Lease incentive for construction in progress 0 82
Settlement of revenue contract 0 580
RubrYc asset acquisition by issuance of common stock 650 0
Proceeds from options exercised included in prepaid expenses and other current assets 0 77
Supplemental cash flow information:    
Cash paid during the period for interest $ 187 $ 610