Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.22.2.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (59,194) $ (44,156)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 7,853 4,655
Stock-based compensation 10,247 8,192
Amortization of debt discount 29 4,406
Non-cash interest payments 609
(Gain)/Loss on disposal of assets (210)
Gain on extinguishment of debt (1,624)
Change in fair value of derivative liabilities 48 (744)
Change in fair value of contingent consideration 347
Amortization of operating lease right of use asset 271 228
Changes in operating assets and liabilities:    
Accounts receivable (1,639) (820)
Inventory (2,506) (1,254)
Other current asset (1,241) (905)
Other assets (12) 257
Accounts payable and accrued expenses 2,975 1,983
Lease liabilities (274) (232)
Other long term liabilities (1,980)
Deferred revenue 91 41
Net Cash Used in Operating Activities (45,195) (29,364)
Cash paid for machinery and equipment (27,720) (12,440)
Cash received from sale of fixed assets 357
Cash paid for investment in subsidiary (7,579) (51)
Net Cash Used in Investing Activities (34,942) (12,491)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock 27,578 82,843
Proceeds from exercise of warrants 67 1,109
Proceeds from exercise of employee stock options 409 1,344
Proceeds from employee stock purchase plan 593 473
Proceeds received from convertible note, net of issuance costs 43,654
Net Cash Provided by Financing Activities 72,300 85,769
Net Increase (Decrease) in Cash, Cash Equivalents (7,837) 43,914
Cash and Cash Equivalents - Beginning of Period 88,322 44,408
Cash and Cash Equivalents - End of Period 80,485 88,322
Cash Paid During the Period for:    
Income taxes 112
Interest 325
SUPPLEMENTARY DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Common stock issued in note conversion 25,270
Fixed assets included in accounts payable and accrued expenses (393)
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 4,162
Noncontrolling interest acquired $ (2,158)