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STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:      
Net loss $ (41,314) $ (47,173) $ (16,819)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Change in fair value of warrant liability (18,122) 22,870 (27,632)
Share-based compensation 10,245 6,801 6,562
Impairment of intangible assets   227  
Depreciation and amortization 285 109 80
Changes in operating assets and liabilities:      
Receivable for foreign tax withholding 20,420 (20,420)  
Unbilled receivables (4,724) (2,347) (199)
Prepaid expenses and other current assets (1,073) (812) (650)
Accounts payable 3,918 (2,350) 1,144
Accrued liabilities 2,312 1,470 1,105
Deferred revenue (4,435) 75,883 6,986
Operating lease liability 524    
Net cash provided by (used in) operating activities (31,964) 34,258 (29,423)
Cash flows from investing activities:      
Purchases of property and equipment (708) (894) (217)
Purchases of short-term investments (420,153) (190,279) (64,655)
Proceeds from maturity of short-term investments 445,569 84,879 89,190
Net cash (used in) provided by investing activities 24,708 (106,294) 24,318
Cash flows from financing activities:      
Proceeds from exercise of stock options 332 272 372
Issuance of common stock, net 3,136 69,231 220
Collection of common stock proceeds receivable   5,274  
Proceeds from exercise of warrants     1,118
Payment of RSU tax withholdings in exchange for common shares surrendered by RSU holders     (324)
Net cash provided by financing activities 3,468 74,777 1,386
Net increase (decrease) in cash and cash equivalents (3,788) 2,741 (3,719)
Cash and cash equivalents at beginning of the year 12,331 9,590 13,309
Cash and cash equivalents at end of the year 8,543 12,331 9,590
Supplemental cash flow information:      
Income taxes paid (8) (1) (1)
Operating Lease right-of-use asset obtained in exchange for operating lease liability 8,689 $ 0 0
Non-cash financing activities:      
Warrants issued pursuant to cashless exercise $ 6    
Proceeds receivable- sale of common stock     5,224
Proceeds receivable- stock option exercises     50
Change in fair value of warrants exercised     $ 1,068