XML 16 R6.htm IDEA: XBRL DOCUMENT v3.22.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (6,249,000) $ (4,544,000)
Depreciation 58,000 61,000
Amortization of intangibles 343,000 1,079,000
Amortization of discount on convertible note payables 0 409,000
Stock-based compensation on options 213,000 429,000
Stock-based compensation on warrants 124,000 455,000
Stock-based compensation relating to Redeeem acquisition 1,610,000 7,000
Issuance of common stock related to employees 104,000 0
Issuance of common stock to contractors for services 40,000 0
Gain on early termination of operating lease 3,000 0
Loss on derivative liabilities (12,000) 0
Income from government grants (262,000) (1,704,000)
(Recovery) and provision for bad debt (67,000) (136,000)
Change in operating assets and liabilities:    
Accounts receivable 153,000 (1,622,000)
Prepaid expenses 438,000 (3,000)
Accounts payable and accrued expenses (1,814,000) 1,709,000
Other assets (67,000) 15,000
Operating lease liability (201,000) 586,000
Due to related parties (34,000) 0
Other long-term liabilities (337,000) 0
Taxes payable (4,000) 0
Contract liabilities relating to revenue 123,000 3,570,000
Contract liabilities to government grants (402,000) (1,704,000)
Net cash used in operating activities (5,978,000) (1,393,000)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of fixed assets (93,000) (19,000)
Net cash used in investing activities (93,000) (19,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from stimulus loan programs 0 565,000
Payments to note payable of related party (50,000) 0
Proceeds from convertible note payable 0 500,000
Net cash (used in) provided by financing activities (50,000) 1,065,000
Effect of exchange rate on cash 37,000 (287,000)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (6,084,000) (634,000)
CASH AND CASH EQUIVALENTS - beginning of period 12,066,000 1,706,000
CASH AND CASH EQUIVALENTS - end of period 5,982,000 1,072,000
Cash paid during the period for:    
Income taxes 0 0
Interest expense 3,000 0
Noncash investing and financing activities:    
Beneficial conversion features on convertible promissory notes 0 144,000
Record derivative liability on convertible notes 0 98,000
Warrants granted for convertible promissory note 0 12,000
Shares to be issued for convertible promissory note 0 156,000
Issuance of common stock related to stock payable 0 1,300,000
Issuance of common stock related to stock payable 104,000 0
Issuance of common stock to contractors for services 40,000 0
Conversion of convertible note payable 0 1,400,000
Right-of-use assets acquired through adoption of ASC 842 0 8,931,000
Right-of-use assets acquired through operating leases $ 467,000 $ 2,398,000