Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.25.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
 6 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:    
Consolidated net loss $ (8,353,000) $ (13,957,000)
Adjustments to reconcile consolidated net loss to net cash used in operating activities:    
Share-based compensation 890,000 1,221,000
Amortization of intangible assets 10,000 10,000
Amortization of finance lease right-of-use assets 136,000 136,000
Amortization of operating lease right-of-use assets 171,000 162,000
Depreciation of fixed assets 242,000 329,000
Gain on sale of fixed assets   (50,000)
Accrued interest receivable on promissory note receivable (33,000) (44,000)
Amortization of deferred financing costs   120,000
Impairment of fixed assets   3,100,000
Accrued payment in kind on term loan   (258,000)
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (30,000) 250,000
Prepaid expenses - noncurrent (116,000) 0
Accounts payable 256,000 11,000
Accrued expenses (944,000) (881,000)
Operating lease obligations (213,000) (195,000)
Contract liabilities 400,000 0
Net cash used in operating activities (7,584,000) (10,046,000)
Cash flows from investing activities:    
Payment received for interest and principal on promissory note receivable 712,000 0
Purchase of fixed assets (1,000) 0
Sales proceeds for fixed assets   50,000
Net cash provided by investing activities 711,000 50,000
Cash flows from financing activities:    
Proceeds from sales of common stock 4,000 6,927,000
Payments for fractional shares after reverse stock split   (7,000)
Proceeds from the exercise of stock options 18,000 0
Subscription receivable   204,000
Payment of equipment financing loan (86,000) (78,000)
Payment of term promissory note (104,000) 0
Payment of term note payable   (436,000)
Payment of finance lease obligation (146,000) (133,000)
Net cash (used in) provided by financing activities (314,000) 6,477,000
Net decrease in cash, cash equivalents and restricted cash (7,187,000) (3,519,000)
Cash, cash equivalents and restricted cash - beginning 14,425,000 7,579,000
Cash, cash equivalents and restricted cash - end 7,238,000 4,060,000
Supplemental cash flow information:    
Cash paid during the period for interest $ 114,000 $ 200,000