v3.20.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (36,140) $ (29,248)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 3,080 2,497
Stock-based compensation 6,734 7,240
Non-cash interest payments 975 1,017
(Gain)/Loss on disposal of assets 14 (50)
Impairment on assets held for sale
Change in fair value of derivative liabilities 155 (150)
Amortization of debt discount 3,258 1,984
Amortization of operating lease right of use asset 108
Change in fair value of contingent real estate liability (446) (785)
Changes in operating assets and liabilities:    
Accounts receivable (66) (70)
Inventory (42) (36)
Other current asset (120) (462)
Other assets (250)
Accounts payable and accrued expenses 1,293 710
Long-term lease liabilities (103)
Deferred revenue (5) (65)
Net Cash Used in Operating Activities (21,305) (17,668)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash paid for machinery and equipment (9,750) (4,750)
Cash received from assets held for sale 60 33
Cash paid for intangibles (201) (174)
Net Cash Used in Investing Activities (9,891) (4,891)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock 43,150 28,660
Proceeds from exercise of warrants 139 70
Proceeds from exercise of employee stock options 203 200
Proceeds from employee stock purchase plan 367 99
Proceeds received from notes, net 1,591
Proceeds received from convertible notes, net 8,867
Net Cash Provided by Financing Activities 45,450 37,896
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 14,254 15,337
Cash, Cash Equivalents and Restricted Cash - Beginning of Period 30,154 14,817
Cash, Cash Equivalents and Restricted Cash - End of Period 44,408 30,154
Cash Paid During the Period for:    
Income taxes
Interest 650 443
SUPPLEMENTARY DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Stock compensation payable 303 93
ASC 606 transition adjustment 20
Reclassification of fixed assets to assets held for sale, net 49 33
Vesting of restricted shares 648
Common stock issued in payment of note interest 975 1,021
Asset purchase using common stock 40
Debt issuance costs included in accounts payable and accrued expenses 230 (30)
Intrinsic value of beneficial conversion feature $ 3,951

Source