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Consolidated Statements of Cash Flows (unaudited) - USD ($)
9 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (21,485,683) $ (14,217,294)
Adjustments to reconcile net loss to net cash    
Depreciation and amortization 257,115 207,278
Decrease in right-of-use asset 260,832 279,023
Unrealized foreign currency transaction gain (68,653) 352,121
Stock-based compensation 1,330,502 1,452,338
Change in fair value of liability classified warrants 6,962,562 (3,725,895)
Gain on sale of Vyleesi (7,798,280) 0
Gain on purchase commitment 0 (1,027,322)
Changes in operating assets and liabilities:    
Accounts receivable 2,915,760 80,910
Prepaid expenses and other assets 1,206,564 (345,044)
Inventories (1,154,355) 314,438
Accounts payable (860,280) (407,673)
Accrued expenses (4,171,297) (1,339,183)
Operating lease liabilities (264,875) (278,863)
Other liabilities (2,118,897) (1,010,416)
Net cash used in operating activities (24,988,985) (19,665,582)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Maturity of marketable securities 2,992,890 0
Proceeds from sale of Vyleesi 9,500,000 0
Purchases of property and equipment (37,615) (381,531)
Net cash provided by (used in) investing activities 12,455,275 (381,531)
CASH FLOWS FROM FINANCING ACTIVITIES:    
stock units (56,401) (146,062)
Proceeds from the sale of common stock and warrants, 14,693,779 9,961,462
Payment of finance lease obligations (79,265) (75,189)
Proceeds from exercise of warrants 103 78
Net cash provided by financing activities 14,558,216 9,740,289
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 2,024,506 (10,306,824)
CASH AND CASH EQUIVALENTS, beginning of period 7,989,582 29,939,154
CASH AND CASH EQUIVALENTS, end of period 10,014,088 19,632,330
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for interest 13,741 18,523
Conversion of liability classified warrants 11,423,203 0
Conversion of liability classified warrants upon warrant exercise $ 2,389,903 $ 0