Quarterly report pursuant to Section 13 or 15(d)

Unaudited Condensed Consolidated Statements of Cash Flows

v3.22.2.2
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (9,831) $ (7,836)  
Share-based compensation expense 1,879 842  
Non-cash lease expense 23 78  
Loss (Gain) from change in fair value of derivative liabilities, net 13 (16)  
Depreciation and amortization expense 3 4  
Accretion of debt discount and issuance costs   104  
Changes in operating assets and liabilities:      
Decrease (increase) in prepaid expenses and other assets 388 (96)  
Increase (decrease) in accounts payable (22) 555  
Increase (decrease) in other accrued liabilities (42) 24  
Net Cash Used in Operating Activities (7,589) (6,341) $ (39,600)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchase of property and equipment (70)    
CASH FLOWS FROM FINANCING ACTIVITIES:      
Payment of commissions and other deferred offering costs (759)    
Payment of debt discount and issuance costs   (104)  
Net Cash Provided by Financing Activities 11,571 2,586  
Net increase (decrease) in cash, cash equivalents and restricted cash 3,912 (3,755)  
Cash, cash equivalents and restricted cash at beginning of period 150,410 41,047 41,047
Cash, cash equivalents and restricted cash at end of period 154,322 37,292 150,410
CASH, CASH EQUIVALENTS AND RESTRICTED CASH:      
Cash and cash equivalents, end of fiscal year 154,322   150,410
Total cash, cash equivalents and restricted cash, end of fiscal year 154,322 37,292 $ 150,410
SUPPLEMENTARY CASH FLOW INFORMATION:      
Cash paid for interest   340  
Cash paid for amounts included in the measurement of operating lease liabilities 29 92  
NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Issuance of commitment shares for deferred offering costs subsequently charged to additional paid-in capital   450  
Payables for deferred offering costs subsequently charged to additional paid-in capital   24  
2022 Private Placement      
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from issuances of common stock $ 12,330    
EDA with Oppco      
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from issuances of common stock   1,519  
LPC Purchase Agreement      
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from issuances of common stock   $ (1,171)