Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.23.3
Condensed Consolidated Statements of Cash Flows - USD ($)
 3 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Consolidated net loss $ (5,746,000) $ (18,130,000)
Adjustments to reconcile consolidated net loss to net cash used in operating activities:    
Share-based compensation 765,000 1,222,000
Amortization of intangible assets 5,000 67,000
Amortization of finance lease right-of-use assets 68,000 13,000
Amortization of operating lease right-of-use assets 80,000 143,000
Depreciation of fixed assets 165,000 271,000
Gain on sale of fixed assets (50,000) 0
Accrued interest receivable on promissory note receivable (22,000) (19,000)
Amortization of premiums on debt securities 0 36,000
Amortization of deferred financing costs 90,000 40,000
Inventory reserve   4,100,000
Changes in operating assets and liabilities:    
Accounts receivable - trade   (54,000)
Inventory   (1,137,000)
Prepaid expenses and other current assets 212,000 403,000
Prepaid expenses - noncurrent   30,000
Accounts payable 62,000 166,000
Accrued expenses (610,000) (1,168,000)
Accrued expenses - noncurrent (264,000) 0
Operating lease obligations (95,000) (3,000)
Contract liabilities   61,000
Net cash used in operating activities (5,340,000) (13,959,000)
Cash flows from investing activities:    
Redemption of debt securities   3,200,000
Purchases of fixed assets   (2,479,000)
Sales proceeds for fixed assets 50,000 0
Payment for RubrYc asset acquisition   (692,000)
Net cash provided by investing activities 50,000 29,000
Cash flows from financing activities:    
Proceeds from sales of common stock 2,896,000 1,151,000
Cost to acquire capital (88,000) 0
Subscription receivable 204,000 0
Payment of equipment financing loan (38,000) 0
Payment of term note payable (436,000) 0
Payment of finance lease obligation (66,000) (10,000)
Net cash provided by financing activities 2,472,000 1,141,000
Net decrease in cash, cash equivalents and restricted cash (2,818,000) (12,789,000)
Cash, cash equivalents and restricted cash - beginning 7,579,000 28,672,000
Cash, cash equivalents and restricted cash - end 4,761,000 15,883,000
Schedule of non-cash activities:    
Fixed assets included in accounts payable in prior period, paid in current period   1,769,000
Increase in finance lease right-of-use assets for new leases   814,000
Increase in finance lease obligation for new leases 0 814,000
RubrYc asset acquisition by issuance of common stock 0 650,000
Unpaid fixed assets included in accounts payable 0 2,143,000
Unrealized (gain) loss on available-for-sale debt securities 0 10,000
Supplemental cash flow information:    
Cash paid during the period for interest $ 200,000 $ 187,000