Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.24.3
Condensed Consolidated Statements of Cash Flows - USD ($)
 3 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Consolidated net loss $ (3,989,000) $ (5,746,000)
Adjustments to reconcile consolidated net loss to net cash used in operating activities:    
Share-based compensation 415,000 765,000
Amortization of intangible assets 5,000 5,000
Amortization of finance lease right-of-use assets 68,000 68,000
Amortization of operating lease right-of-use assets 85,000 80,000
Depreciation of fixed assets 120,000 165,000
Gain on sale of fixed assets   (50,000)
Accrued interest receivable on promissory note receivable (19,000) (22,000)
Amortization of deferred financing costs   90,000
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (41,000) 212,000
Accounts payable 497,000 62,000
Accrued expenses (952,000) (874,000)
Operating lease obligations (104,000) (95,000)
Contract liabilities 200,000 0
Net cash used in operating activities (3,715,000) (5,340,000)
Cash flows from investing activities:    
Payment received for interest and principal on promissory note receivable 713,000 0
Purchases of fixed assets   50,000
Net cash provided by investing activities 713,000 50,000
Cash flows from financing activities:    
Proceeds from sales of common stock 4,000 2,808,000
Subscription receivable   204,000
Payment of equipment financing loan (43,000) (38,000)
Payment of term promissory note (51,000) 0
Payment of term note payable   (436,000)
Payment of finance lease obligation (72,000) (66,000)
Net cash (used in) provided by financing activities (162,000) 2,472,000
Net decrease in cash, cash equivalents and restricted cash (3,164,000) (2,818,000)
Cash, cash equivalents and restricted cash - beginning 14,425,000 7,579,000
Cash, cash equivalents and restricted cash - end 11,261,000 4,761,000
Supplemental cash flow information:    
Cash paid during the period for interest $ 57,000 $ 200,000