Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.23.1
Condensed Consolidated Statements of Cash Flows - USD ($)
 3 Months Ended 6 Months Ended 12 Months Ended
Dec. 31, 2022
Sep. 30, 2022
Dec. 31, 2021
Sep. 30, 2021
Dec. 31, 2022
Dec. 31, 2021
Jun. 30, 2022
Cash flows from operating activities:              
Consolidated net loss $ (33,553,000)   $ (11,920,000) $ (8,940,000) $ (51,683,000) $ (20,860,000)  
Adjustments to reconcile consolidated net loss to net cash used in operating activities:              
Share-based compensation         2,349,000 1,924,000  
Amortization of intangible assets 49,000   123,000   116,000 211,000  
Amortization of finance lease right-of-use assets 75,000       88,000 563,000  
Amortization of operating lease right-of-use assets         201,000 246,000  
Depreciation of fixed assets         388,000 823,000  
Accrued interest receivable on convertible promissory note receivable         (38,000) (38,000)  
Amortization of premiums on debt securities 26,000   93,000   62,000 195,000  
Amortization of deferred financing costs         123,000 0  
Inventory reserve         4,933,000 0  
Impairment of fixed assets         17,649,000 0  
Impairment of intangible assets 565,000       565,000 0  
Gain on disposition of finance lease ROU assets         (5,000) 0  
Forgiveness of note payable and accrued interest - SBA loan           (607,000)  
Settlement of revenue contract           (84,000)  
Changes in operating assets and liabilities:              
Accounts receivable - trade         31,000 3,000  
Inventory         (1,058,000) (1,959,000)  
Prepaid expenses and other current assets         1,134,000 (971,000)  
Prepaid expenses - noncurrent         74,000 (811,000)  
Security deposit         (21,000) (17,000)  
Accounts payable         1,178,000 872,000  
Accrued expenses         1,237,000 522,000  
Accrued expenses - noncurrent         1,065,000 0  
Operating lease obligations         30,000 (11,000)  
Contract liabilities         (12,000) (34,000)  
Net cash used in operating activities         (21,594,000) (20,033,000)  
Cash flows from investing activities:              
Purchases of debt securities           (4,336,000)  
Redemption of debt securities         4,899,000 5,511,000  
Purchase of equity security           (1,173,000)  
Additions to intangible assets           (2,867,000)  
Purchases of fixed assets         (5,433,000) (3,256,000)  
Payment for RubrYc asset acquisition         (692,000) 0  
Net cash used in investing activities         (1,226,000) (6,121,000)  
Cash flows from financing activities:              
Proceeds from sales of common stock         4,015,000 0  
Payments for fractional shares after reverse stock split         (39,000) 0  
Acquisition of noncontrolling interest           (50,000)  
Proceeds from equipment financing loan         500,000 0  
Payment of equipment financing loan         (25,000) 0  
Payment of term note payable         (6,250,000) 0  
Proceeds from exercise of stock options           77,000  
Cost to attain term note         (22,000) (322,000)  
Payment of finance lease obligation         (82,000) (5,810,000)  
Net cash used in provided by financing activities         (1,903,000) (6,105,000)  
Net decrease in cash, cash equivalents and restricted cash         (24,723,000) (32,259,000)  
Cash, cash equivalents and restricted cash - beginning   $ 28,672,000   $ 77,404,000 28,672,000 77,404,000 $ 77,404,000
Cash, cash equivalents and restricted cash - end $ 3,949,000   $ 45,145,000   3,949,000 45,145,000 $ 28,672,000
Schedule of non-cash activities:              
Unpaid fixed assets included in accounts payable         329,000 404,000  
Fixed assets included in accounts payable in prior period, paid in current period         1,769,000 791,000  
Increase in finance lease ROU assets for new leases         814,000 0  
Increase in finance lease obligation for new leases         814,000 0  
RubrYc asset acquisition by issuance of common stock   $ 650,000     650,000 0  
Costs to raise capital paid directly from gross proceeds         636,000 0  
Termination of finance ROU assets including issuance of warrant         0 25,386,000  
Note payable to acquire Facility         0 22,375,000  
Increase in operating lease ROU assets for new lease - net of lease incentive         0 5,570,000  
Unpaid portion of RubrYc transaction         0 2,500,000  
Settlement of revenue contract         0 580,000  
Issuance of warrant for final finance lease obligation payment         0 217,000  
Lease incentive for construction in progress         0 82,000  
Acquisition of noncontrolling interest         0 18,000  
Unrealized (gain) loss on available-for-sale debt securities         46,000 28,000  
Supplemental cash flow information:              
Cash paid during the period for interest         $ 363,000 $ 612,000