v3.21.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2021
Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (44,156) $ (36,140)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 4,655 3,080
Stock-based compensation 8,192 6,734
Non-cash interest payments 609 975
(Gain)/Loss on disposal of assets 14
Gain on extinguishment of debt (1,625)
Change in fair value of derivative liabilities (744) 155
Amortization of debt discount 4,406 3,258
Amortization of operating lease right of use asset 228 108
Change in fair value of contingent real estate liability (446)
Changes in operating assets and liabilities:    
Accounts receivable (819) (66)
Inventory (1,254) (42)
Other current asset (905) (120)
Other assets 257
Accounts payable and accrued expenses 1,983 1,293
Long-term lease liabilities (232) (103)
Deferred revenue 41 (5)
Net Cash Used in Operating Activities (29,364) (21,305)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash paid for machinery and equipment (12,440) (9,750)
Cash received from sale of fixed assets 60
Cash paid for intangibles (51) (201)
Net Cash Used in Investing Activities (12,491) (9,891)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock 82,843 43,150
Proceeds from exercise of warrants 1,109 139
Proceeds from exercise of employee stock options 1,344 203
Proceeds from employee stock purchase plan 473 367
Proceeds received from notes, net 1,591
Net Cash Provided by Financing Activities 85,769 45,450
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 43,914 14,254
Cash, Cash Equivalents and Restricted Cash - Beginning of Period 44,408 30,154
Cash, Cash Equivalents and Restricted Cash - End of Period 88,322 44,408
Cash Paid During the Period for:    
Income taxes
Interest 325 650
SUPPLEMENTARY DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Stock compensation payable 303
Reclassification of fixed assets to assets held for sale, net 49
Common stock issued in note conversion 25,270
Asset purchase using common stock 40
Stock issuance costs included in accounts payable and accrued expenses $ (230) $ 230

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