v3.19.1
Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
9 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (23,486,935) $ (14,986,254)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,814,590 796,258
Share-based compensation 5,521,980 3,628,331
Amortization of debt discount 1,346,823
Change in fair value of derivative liabilities 1,371,700
Loss on disposal of fixed assets (38,358)
Non cash interest payments 777,285
Change in fair value of contingent real estate liability (804,738) (555,756)
Changes in operating assets and liabilities:    
Accounts receivable 55,313 (518,920)
Inventory (92,251) 118,971
Prepaid expenses 9,036 (71,556)
Other current asset (68,478) (16,090)
Other assets (187,501) (1,596)
Accounts payable and accrued expenses 410,271 407,961
Change in other long-term liabilities 18,750
Deferred revenue (66,154) 113,438
Net Cash Used In Operating Activities (13,418,667) (11,085,213)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash paid for machinery and equipment (4,436,485) (5,282,617)
Cash received from sale of assets held for sale 33,250
Cash paid for intangibles (91,900) (42,123)
Net Cash Used In Investing Activities (4,495,135) (5,324,740)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from the issuance of common stock 28,659,168 13,199,930
Proceeds from exercise of warrants 70,508 50,665
Proceeds from exercise of options 133,500
Proceeds received from convertible notes, net 8,867,272
Net Cash Provided By Financing Activities 37,730,448 13,250,595
Net Increase (Decrease) in Cash 19,816,646 (3,159,358)
Cash - Beginning of Period 14,816,717 9,631,520
Cash - End of Period 34,633,363 6,472,162
Cash Paid During the Period for:    
Income taxes
Interest 255,702 199
SUPPLEMENTARY DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Stock compensation payable 203,381 163,746
ASC 606 transition adjustment 20,416
Warrants issued for stock issuance costs 645,757
Convertible Notes - Beneficial Conversion Feature 3,950,839
Reclassification of fixed assets to assets held for sale, net $ 117,023

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