Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.24.3
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (167,950) $ (63,557)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 12,759 11,256
Stock-based compensation 2,848 9,407
Common stock issued for services 91
Amortization of debt discount 619 564
Non-cash interest payments 2,198 2,684
(Gain)/Loss on disposal of assets 61 (100)
Change in deferred tax assets (2,394)
Goodwill impairment 8,051
Property and equipment impairment 35,378
Amortization of operating lease right of use asset 451 395
Change in fair value of derivative liabilities (2,079) (948)
Change in fair value of contingent consideration (1,446)
Changes in operating assets and liabilities:    
Accounts receivable, net 641 (79)
Inventory 5,325 (3,454)
Other current asset 1,448 (805)
Notes payable 2,001
Litigation related contingent liability 57,371
Accounts payable and accrued expenses 1,521 3,522
Lease liabilities (439) (352)
Other long term liabilities (667) 667
Deferred revenue 26 (181)
Net Cash Used in Operating Activities (40,346) (44,821)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash paid for machinery and equipment (5,992) (11,385)
Cash received from sale of fixed assets 121
Cash paid for investment in subsidiary (13,882)
Net Cash Used in Investing Activities (5,992) (25,146)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock 12,341 32,026
Proceeds from exercise of warrants 7,274
Proceeds from employee stock purchase plan 66 560
Proceeds received from issuance of notes payable 8,000
Net Cash Provided by Financing Activities 27,681 32,586
Net Increase (Decrease) in Cash, Cash Equivalents (18,657) (37,381)
Cash and Cash Equivalents - Beginning of Period 43,104 80,485
Cash and Cash Equivalents - End of Period 24,447 43,104
Cash Paid During the Period for:    
Interest 442
Income taxes 7 40
SUPPLEMENTARY DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Common stock issued in payment of interest 2,198 2,684
Fixed assets included in accounts payable and accrued expenses (2,194) 1,981
Investment tax credit 3,197
Cumulative-effect adoption of ASU 2016-13 (201)
Operating lease right-of-use asset, net 133
Operating lease liability (133)
Acquisition of Business    
Tangible assets, excluding cash and cash equivalents 3,904
Intangibles 8,289
Goodwill 6,508
Deferred Tax Liability (2,394)
Liabilities assumed (1,124)
Liabilities cancelled 88
Issuance of common stock for acquisition $ 1,690