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
Dec. 31, 2021
Jun. 30, 2021
Assets:    
Cash and cash equivalents $ 67,467 $ 88,322
Accounts receivable 2,502 1,170
Inventory 2,286 1,390
Other current assets 3,158 2,314
Total current assets 75,413 93,196
Property and equipment, net 40,248 30,730
Goodwill 7,835
Intangibles, net 10,167 572
Operating lease right-of-use asset, net 389 471
Other assets 60 25
Total Assets 134,112 124,994
Current Liabilities:    
Accounts payable and accrued expenses 6,720 6,954
Deferred revenue 101 41
Operating lease liability - current 291 270
Total current liabilities 7,112 7,265
Contingent consideration 1,082
Operating lease liability 94 202
Deferred tax liability 2,039
Other long-term liabilities 117 117
Total long-term liabilities 3,332 319
Total Liabilities 10,444 7,584
Equity    
Preferred stock, par value $0.001: 5,000,000 shares authorized; none issued and outstanding
Common stock, $0.001 par value; 100,000,000 shares authorized; 54,659,660 and 51,235,764 shares issued and outstanding at December 31, 2021 and June 30, 2021, respectively 55 51
Additional paid in capital 291,969 265,130
Accumulated deficit (175,884) (147,771)
Total Akoustis Technologies, Inc. equity 116,140 117,410
Noncontrolling interest 7,528
Total Equity 123,668 117,410
Total Liabilities and Equity $ 134,112 $ 124,994