v3.22.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (42,920) $ (34,035)
Depreciation and amortization 5,492 3,284
Stock-based compensation 7,754 6,084
Amortization of debt discount 4,405
Amortization of operating lease right of use asset 202 168
Non cash interest payments 609
Change in fair value of derivative liabilities (744)
Change in fair value of contingent consideration 180
Gain on disposal of fixed assets (204)
Accounts receivable (936) (1,270)
Inventory (1,841) (1,310)
Other current assets (1,558) (164)
Accounts payable and accrued expenses 1,024 961
Lease liabilities (210) (170)
Other long term liabilities (176)
Deferred revenue (80) 123
Net Cash Used in Operating Activities (33,273) (22,059)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash paid for machinery and equipment (21,794) (9,884)
Acquisition of business, net of cash acquired (4,078)
Cash received from sale of fixed assets 316
Cash paid for intangibles (50)
Net Cash Used in Investing Activities (25,556) (9,934)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock 25,630 75,394
Proceeds from exercise of employee stock options 369 1,270
Proceeds from exercise of warrants 67 1,109
Proceeds from employee stock purchase plan 312 204
Net Cash Provided by Financing Activities 26,378 77,977
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (32,451) 45,984
Cash, Cash Equivalents and Restricted Cash - Beginning of Period 88,322 44,408
SUPPLEMENTARY CASH FLOW INFORMATION:    
Interest 325
SUPPLEMENTARY DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Common stock issued in payment of interest (25,270)
Fixed assets included in accounts payable and accrued expenses 378 (1,467)
Stock issuance costs included in accounts payable and accrued expenses   (230)
Acquisition of Business
Tangible assets, excluding cash and cash equivalents 1,346
Intangibles 9,452
Goodwill 8,051
Deferred tax liability (1,980)
Contingent consideration (1,099)
Liabilities assumed (1,871)
Issuance of common stock for acquisition (2,297)
Noncontrolling interest (7,523)
Cash, Cash Equivalents and Restricted Cash - End of Period $ 55,871 $ 90,392

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