Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (30,247) $ (28,095)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 5,092 3,174
Stock-based compensation 4,244 5,248
Amortization of debt discount 290  
Amortization of operating lease right of use asset 171 130
Non cash interest payments 1,364
Change in fair value of derivative liabilities (839)
Change in fair value of contingent consideration (1,170)
(Gain) Loss on disposal of fixed assets & intangibles 16 (194)
Changes in operating assets and liabilities:    
Accounts receivable 622 (349)
Inventory (1,713) (698)
Other current assets (1,200) (832)
Accounts payable and accrued expenses (2,469) (1,611)
Lease liabilities (155) (135)
Deferred revenue (226) (176)
Net Cash Used in Operating Activities (26,220) (23,538)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash paid for property, plant and equipment (7,985) (12,823)
Acquisition of business, net of cash acquired (4,079)
Cash received from the sale of fixed assets 287
Net Cash Used in Investing Activities (7,985) (16,615)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock, net of issuance costs 18,789
Proceeds from exercise of employee stock options 140
Proceeds from employee stock purchase plan 289 312
Proceeds from exercise of warrants 57
Net Cash Provided by Financing Activities 289 19,298
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (33,916) (20,855)
Cash, Cash Equivalents and Restricted Cash - Beginning of Period 80,485 88,322
Cash, Cash Equivalents and Restricted Cash - End of Period 46,569 67,467
Cash Paid During the Period for:    
Income taxes 40
SUPPLEMENTARY DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Fixed assets included in accounts payable and accrued expenses 100 (223)
Operating lease right-of-use asset, net 133  
Operating lease liability (133)  
Common stock issued in payment of interest 1,364
Acquisition of Business
Tangible assets, excluding cash and cash equivalents 1,346
Intangibles 9,711
Goodwill 7,835
Deferred tax liability (2,039)
Contingent consideration (1,082)
Liabilities assumed (1,885)
Issuance of common stock for acquisition (2,297)
Noncontrolling interest $ (7,510)