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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:    
Net loss $ (17,646) $ (13,546)
Adjustments to reconcile net loss to net cash used in operating activities:    
Change in fair value of warrant liability (8,046) (20,307)
Share-based compensation 4,863 5,551
Depreciation and amortization 152 143
Non-cash lease expense 449 482
Changes in operating assets and liabilities:    
Accounts receivable 0 (20,420)
Contract assets (2,569) (7,026)
Prepaid expenses and other current assets (1,014) (1,268)
Accounts payable (99) 3,118
Accrued liabilities 1,363 5,012
Deferred revenue 6,716 2,334
Operating lease liability (456) 26
Net cash used in operating activities (16,287) (5,061)
Cash flows from investing activities:    
Purchases of property and equipment (59) (700)
Purchases of short-term investments (173,300) (215,176)
Proceeds from maturity of short-term investments 144,983 215,208
Net cash used in investing activities (28,376) (668)
Cash flows from financing activities:    
Payment of RSU tax withholdings in exchange for common shares surrendered by RSU holders (194) 0
Proceeds from exercise of stock options 212 139
Proceeds from issuance of common stock, Gross 52,325 3,200
Payments of Stock Issuance Costs (3,672) (64)
Net cash (used in) provided by financing activities 48,671 3,275
Net increase (decrease) in cash and cash equivalents 4,008 (2,454)
Cash and cash equivalents at beginning of the period 8,543 12,331
Cash and cash equivalents at end of the period 12,551 9,877
Supplemental disclosures:    
Income taxes paid 0 (8)
Operating lease right-of-use assets obtained in exchange for operating lease liabilities $ 0 $ 8,689