Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.23.3
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2023
Jun. 30, 2023
Current assets:    
Cash and cash equivalents $ 1,461,000 $ 4,301,000
Restricted cash 3,047,000 3,025,000
Subscription receivable   204,000
Prepaid expenses and other current assets 451,000 664,000
Current assets held for sale 18,063,000 18,065,000
Total Current Assets 23,022,000 26,259,000
Restricted cash 253,000 253,000
Promissory note receivable and accrued interest 1,728,000 1,706,000
Net finance lease ROU assets 543,000 610,000
Operating lease right-of-use asset 2,645,000 2,722,000
Fixed assets, net of accumulated depreciation 4,054,000 4,219,000
Intangible assets, net of accumulated amortization 5,383,000 5,388,000
Security deposits 50,000 50,000
Total Assets 37,678,000 41,207,000
Current liabilities:    
Accounts payable 1,911,000 1,849,000
Accrued expenses 3,391,000 4,034,000
Finance lease obligations - current portion 278,000 272,000
Operating lease obligation - current portion 400,000 389,000
Equipment financing payable - current portion 164,000 160,000
Term note payable - net of deferred financing costs 12,625,000 12,937,000
Current liabilities related to assets held for sale 1,939,000 1,941,000
Total Current Liabilities 20,708,000 21,582,000
Finance lease obligations - net of current portion 279,000 351,000
Operating lease obligation - net of current portion 3,021,000 3,125,000
Equipment financing payable - net of current portion 198,000 241,000
Accrued expenses - noncurrent 263,000 527,000
Total Liabilities 24,469,000 25,826,000
Stockholders' Equity    
Series 2022 Convertible Preferred Stock - $0.001 par value; 1,000,000 shares authorized at September 30, 2023 and June 30, 2023; 0 and 0 shares issued and outstanding as of September 30, 2023 and June 30, 2023, respectively
Common Stock - $0.001 par value; 275,000,000 shares authorized at September 30, 2023 and June 30, 2023; 27,653,582 and 20,310,077 shares issued and outstanding as of September 30, 2023 and June 30, 2023, respectively 28,000 20,000
Additional paid-in capital 307,867,000 304,301,000
Accumulated deficit (294,686,000) (288,940,000)
Total Stockholders' Equity 13,209,000 15,381,000
Total Liabilities and Stockholders' Equity $ 37,678,000 $ 41,207,000