Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (59,147) $ (45,792)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 9,492 8,193
Stock-based compensation 3,144 7,454
Common stock issued for services 91
Amortization of debt discount 464 421
Amortization of operating lease right of use asset 335 282
Non-cash interest payments 1,320 1,364
Deferred income taxes (2,365)
Goodwill impairment 8,051
Change in fair value of derivative liabilities (2,058) (456)
Change in fair value of contingent consideration (1,438)
(Gain) Loss on disposal of fixed assets & intangibles 268 (105)
Changes in operating assets and liabilities:    
Accounts receivable 105 427
Inventory 2,444 (3,464)
Other current assets 1,273 (31)
Accounts payable and accrued expenses 1,310 (516)
Other current liabilities 1,667
Lease liabilities (321) (255)
Other long term liabilities (667) 333
Deferred revenue (9) (172)
Net Cash Used in Operating Activities (32,238) (36,120)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash paid for property, plant and equipment (6,125) (10,170)
Acquisition of business, net of cash acquired (13,882)
Cash received from the sale of fixed assets 122
Net Cash Used in Investing Activities (6,125) (23,930)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock, net of issuance costs 10,407 32,026
Proceeds from employee stock purchase plan 52 288
Net Cash Provided by Financing Activities 10,459 32,314
Net Increase (Decrease) in Cash and Cash Equivalents (27,904) (27,736)
Cash and Cash Equivalents - Beginning of Period 43,104 80,485
Cash and Cash Equivalents - End of Period 15,200 52,749
SUPPLEMENTARY CASH FLOW INFORMATION:    
Income taxes 40
SUPPLEMENTARY DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Fixed assets included in accounts payable and accrued expenses (2,368) 654
Cumulative-effect adoption of ASU 2016-13 (201)
Operating lease right-of-use asset, net 133
Operating lease liability (133)
Common stock issued in payment of interest 1,320 1,364
Acquisition of business    
Tangible assets, excluding cash 3,904
Intangibles 8,289
Goodwill 6,479
Deferred tax liability (2,365)
Liabilities assumed (1,124)
Liabilities cancelled 88
Issuance of common stock for acquisition $ (1,690)