Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Jun. 30, 2021
Assets:    
Cash and cash equivalents $ 55,871 $ 88,322
Accounts receivable 3,089 1,170
Inventory 3,429 1,390
Other current assets 3,884 2,314
Total current assets 66,273 93,196
Property and equipment, net 48,042 30,730
Goodwill 8,051
Intangibles, net 9,349 572
Operating lease right-of-use asset, net 317 471
Other assets 60 25
Total Assets 132,092 124,994
Current Liabilities:    
Accounts payable and accrued expenses 10,025 6,954
Contingent consideration 744  
Deferred revenue 115 41
Operating lease liability 292 270
Total current liabilities 11,176 7,265
Long-term Liabilities:    
Contingent consideration 535
Operating lease liability 18 202
Deferred tax liability 1,804
Other long-term liabilities 117 117
Total long-term liabilities 2,474 319
Total Liabilities 13,650 7,584
Equity    
Preferred stock, par value $0.001: 5,000,000 shares authorized; none issued and outstanding
Common stock, $0.001 par value; 100,000,000 shares authorized; 55,951,298 and 51,235,764 shares issued and outstanding at March 31, 2022 and June 30, 2021, respectively 56 51
Additional paid in capital 301,554 265,130
Accumulated deficit (190,570) (147,771)
Total Akoustis Technologies, Inc. Equity 111,040 117,410
Noncontrolling interest 7,402
Total Equity 118,442 117,410
Total Liabilities and Equity $ 132,092 $ 124,994