v3.19.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (29,248) $ (21,739)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and Amortization 2,497 1,263
Stock based compensation 7,240 5,491
Non-cash interest payments 1,017
(Gain)/Loss on disposal of assets (50) 45
Impairment on assets held for sale 350
Change in fair value of derivative liabilities (150) (54)
Amortization of debt discount 1,984 205
Change in fair value of contingent real estate liability (785) (501)
Changes in operating assets and liabilities:    
Accounts receivable (70) (215)
Inventory (36) 131
Prepaid expenses (42) (147)
Other current asset (420) (441)
Other assets (250) (1)
Accounts payable and accrued expenses 710 1,258
Change in other long-term liabilities 117
Deferred revenue (65) 38
Net Cash Used in Operating Activities (17,668) (14,200)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash paid for machinery and equipment (4,750) (6,942)
Cash received from assets held for sale 33
Cash paid for intangibles (174) (73)
Net Cash Used in Investing Activities (4,891) (7,015)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock 28,959 13,200
Proceeds from exercise of warrants 70 75
Proceeds received from convertible notes, net 8,867 13,125
Net Cash Provided by Financing Activities 37,896 26,400
Net Increase (Decrease) in Cash 15,337 5,185
Cash - Beginning of Period 14,817 9,632
Cash - End of Period 30,154 14,817
Cash Paid During the Period for:    
Income taxes  
Interest 443
SUPPLEMENTARY DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Stock compensation payable 93 3
Warrants issued for stock issuance costs 646
Reclassification of fixed assets to assets held for sale, net 33 683
Vesting of restricted shares 648 522
Common stock issued in payment of note interest 1,021
Debt issuance costs included in accounts payable and accrued expenses (30) 30
Intrinsic value of beneficial conversion feature $ 3,951 $ 1,809

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