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
Sep. 30, 2023
Jun. 30, 2023
Assets:    
Cash and cash equivalents $ 25,787 $ 43,104
Accounts receivable, net 3,942 4,753
Inventory 6,182 7,548
Other current assets 2,672 4,440
Total current assets 38,583 59,845
Property and equipment, net 58,140 57,826
Goodwill 14,559 14,559
Intangibles, net 14,531 15,241
Operating lease right-of-use asset, net 1,261 1,374
Other assets 73 72
Total Assets 127,147 148,917
Current Liabilities:    
Accounts payable and accrued expenses 15,124 17,027
Deferred revenue 312 105
Operating lease liability 460 439
Total current liabilities 15,896 17,571
Long-term Liabilities:    
Convertible notes payable, net 41,488 43,347
Operating lease liability 854 976
Promissory note payable 1,000 667
Other long-term liabilities 117 117
Total long-term liabilities 43,459 45,107
Total Liabilities 59,355 62,678
Commitments and Contingencies (Note 14)
Stockholders’ Equity    
Preferred stock, par value $0.001: 5,000,000 shares authorized; none issued and outstanding
Common stock, $0.001 par value; 125,000,000 shares authorized (175,000,000 as of 11/2/23); 72,463,465, and 72,154,647 shares issued and outstanding at September 30, 2023 and June 30, 2023, respectively 72 72
Additional paid in capital 358,405 356,522
Accumulated deficit (290,685) (270,355)
Total Stockholders’ Equity 67,792 86,239
Total Liabilities and Stockholders’ Equity $ 127,147 $ 148,917