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Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (9,679,505) $ (15,799,095)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 129,403 40,154
Decrease in right-of-use asset 184,736 179,572
Unrealized foreign currency transaction loss 274,855 126,719
Stock-based compensation 792,161 1,256,168
Gain on purchase commitment (1,027,322) 0
Changes in operating assets and liabilities:    
Accounts receivable (26,970) 996,452
Other receivables (4,674,999) 0
Prepaid expenses and other assets (194,776) 679,986
Inventories 185,203 83,104
Accounts payable (2,373,682) (480,470)
Accrued expenses (809,395) 380,822
Operating lease liabilities (184,629) (175,825)
Net cash used in operating activities (17,404,920) (12,712,413)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (264,656) (146,862)
Net cash used in investing activities (264,656) (146,862)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payment of withholding taxes related to restricted stock units (146,062) (208,270)
Proceeds from the sale of common stock and warrants, net of costs 9,109,117 0
Payment of finance lease obligations (49,794) (7,959)
Proceeds from exercise of warrants   280,000
Proceeds from exercise of stock options   16,132
Net cash provided by financing activities 8,913,261 79,903
NET DECREASE IN CASH AND CASH EQUIVALENTS (8,756,315) (12,779,372)
CASH AND CASH EQUIVALENTS, beginning of period 29,939,154 60,104,919
CASH AND CASH EQUIVALENTS, end of period 21,182,839 47,325,547
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for interest $ 15,089 $ 8,404