Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (63,557) $ (59,194)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 11,256 7,853
Stock-based compensation 9,407 10,247
Amortization of debt discount 564 29
Non-cash interest payments 2,684
(Gain)/Loss on disposal of assets (100) (210)
Change in deferred tax assets (2,394)
Amortization of operating lease right of use asset 395 271
Change in fair value of derivative liabilities (948) 48
Change in fair value of contingent consideration (1,446) 347
Changes in operating assets and liabilities:    
Accounts receivable (79) (1,639)
Inventory (3,454) (2,506)
Other current asset (805) (1,241)
Other assets (12)
Accounts payable and accrued expenses 3,522 2,975
Lease liabilities (352) (274)
Other long term liabilities 667 (1,980)
Deferred revenue (181) 91
Net Cash Used in Operating Activities (44,821) (45,195)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash paid for machinery and equipment (11,385) (27,720)
Cash received from sale of fixed assets 121 357
Cash paid for investment in subsidiary (13,882) (7,579)
Net Cash Used in Investing Activities (25,146) (34,942)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock 32,026 27,578
Proceeds from exercise of warrants 67
Proceeds from exercise of employee stock options 409
Proceeds from employee stock purchase plan 560 592
Proceeds received from convertible note, net of issuance costs 43,654
Net Cash Provided by Financing Activities 32,586 72,300
Net Increase (Decrease) in Cash, Cash Equivalents (37,381) (7,837)
Cash and Cash Equivalents - Beginning of Period 80,485 88,322
Cash and Cash Equivalents - End of Period 43,104 80,485
SUPPLEMENTARY CASH FLOW INFORMATION:    
Income taxes 40 112
SUPPLEMENTARY DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Common stock issued in payment of interest 2,684
Fixed assets included in accounts payable and accrued expenses (393)
Operating lease right-of-use asset, net 133
Operating lease liability (133)
Acquisition of Business    
Tangible assets, excluding cash and cash equivalents 3,904 1,346
Intangibles 8,289 9,452
Goodwill 6,508 8,051
Deferred Tax Liability (2,394) (1,980)
Contingent consideration 1,099
Liabilities assumed (1,124) (1,871)
Liabilities cancelled 88
Issuance of common stock for acquisition 1,690 4,162
Noncontrolling interest acquired $ (2,158)