Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.24.3
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Consolidated net loss $ (24,907,000) $ (65,010,000)
Adjustments to reconcile consolidated net loss to net cash used in operating activities:    
Share-based compensation 2,038,000 4,391,000
Amortization of intangible assets 20,000 126,000
Amortization of finance lease right-of-use assets 271,000 224,000
Amortization of operating lease right-of-use assets 321,000 356,000
Depreciation of fixed assets 638,000 674,000
Loss/(gain) on sale of fixed assets 4,909,000 (773,000)
Gain on extinguishment of debt (808,000)  
Accrued interest receivable on promissory note receivable (88,000) (75,000)
Amortization of premiums on debt securities 0 67,000
Loss on sale of debt securities   98,000
Amortization of deferred financing costs 120,000 242,000
Inventory reserve   4,915,000
Fixed asset impairments 3,100,000 17,900,000
Gain on sale of intangible assets (1,000,000)  
Impairment of intangible assets 0 565,000
Gain on disposition of finance lease ROU assets   (5,000)
Changes in operating assets and liabilities:    
Accounts receivable - trade   1,000,000
Settlement receivable   5,100,000
Inventory   (1,015,000)
Prepaid expenses and other current assets 214,000 885,000
Prepaid expenses - noncurrent   74,000
Security deposit 24,000 (21,000)
Accounts payable (1,491,000) (625,000)
Accrued expenses (1,199,000) 145,000
Accrued expenses - noncurrent (527,000) 527,000
Operating lease obligations (389,000) (101,000)
Contract liabilities 200,000 (100,000)
Net cash used in operating activities (18,554,000) (30,436,000)
Cash flows from investing activities:    
Redemption of debt securities   4,100,000
Sale of debt securities   6,739,000
Sale proceeds for intangible assets 1,000,000  
Purchases of fixed assets (210,000) (5,738,000)
Sales proceeds for fixed assets 116,000 2,600,000
Payment for RubrYc asset acquisition   (692,000)
Net cash provided by investing activities 906,000 7,009,000
Cash flows from financing activities:    
Proceeds from sales of common stock 25,523,000 11,487,000
Payments made for costs to acquire capital (88,000)  
Payments for fractional shares after reverse stock split (7,000) (39,000)
Subscription receivable 204,000  
Proceeds from equipment financing loan   500,000
Payment of equipment financing loan (160,000) (99,000)
Proceeds from term promissory note 895,000  
Payment of term promissory note (88,000)  
Payment of term note payable (1,513,000) (9,318,000)
Payments made for costs to attain term note   (22,000)
Payment of finance lease obligation (272,000) (208,000)
Net cash provided by financing activities 24,494,000 2,301,000
Effect of exchange rate changes   33,000
Net increase (decrease) in cash, cash equivalents and restricted cash 6,846,000 (21,093,000)
Cash, cash equivalents and restricted cash - beginning 7,579,000 28,672,000
Cash, cash equivalents and restricted cash - end 14,425,000 7,579,000
Schedule of non-cash activities:    
Subscription receivable   204,000
Costs to raise capital paid directly from gross proceeds 1,467,000 636,000
Insurance premium financing 669,000  
Costs to raise capital included in accrued expenses 308,000  
Reserves related to term promissory note included in prepaid expenses 109,000  
Costs related to term promissory note paid directly from gross proceeds 68,000  
Cost accrued to amend term note payable   125,000
Fixed assets included in accounts payable in prior period, paid in current period   1,769,000
Increase in finance lease ROU assets for new leases   814,000
Increase in finance lease obligation for new leases   814,000
RubrYc asset acquisition by issuance of common stock   650,000
Issuance of warrant for term note payable obligation 4,499,000  
Unrealized loss (gain) on available-for-sale debt securities   (159,000)
Supplemental cash flow information:    
Cash paid during the period for interest $ 749,000 $ 687,000