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
 6 Months Ended
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (28,095) $ (23,860)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 3,174 2,080
Stock-based compensation 5,248 4,093
Amortization of debt discount 2,346
Amortization of operating lease right of use asset 130 110
Non cash interest payments 488
Change in fair value of derivative liabilities 184
Gain on disposal of fixed assets (194)
Changes in operating assets and liabilities:    
Accounts receivable (349) (395)
Inventory (698) (515)
Other current assets (832) (443)
Accounts payable and accrued expenses (1,611) (204)
Lease liabilities (135) (111)
Deferred revenue (176) 57
Net Cash Used in Operating Activities (23,538) (16,170)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash paid for machinery and equipment (12,823) (4,438)
Acquisition of business, net of cash acquired (4,079)
Cash received from sale of fixed assets 287
Cash paid for intangibles (53)
Net Cash Used in Investing Activities (16,615) (4,491)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock 18,789 23,192
Proceeds from exercise of employee stock options 140 524
Proceeds from exercise of warrants 57 118
Proceeds from employee stock purchase plan 312 204
Net Cash Provided by Financing Activities 19,298 24,038
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (20,855) 3,377
Cash, Cash Equivalents and Restricted Cash - Beginning of Period 88,322 44,408
Cash, Cash Equivalents and Restricted Cash - End of Period 67,467 47,785
SUPPLEMENTARY CASH FLOW INFORMATION:    
Interest 325
SUPPLEMENTARY DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Common stock issued in payment of interest 488
Fixed assets included in accounts payable and accrued expenses (223) 572
Acquisition of Business
Tangible assets, excluding cash and cash equivalents 1,346
Intangibles 9,711
Goodwill 7,835
Deferred tax liability (2,039)
Contingent consideration (1,082)
Liabilities assumed (1,885)
Issuance of common stock for acquisition (2,297)
Noncontrolling interest $ (7,510)