General form of registration statement for all companies including face-amount certificate companies

Consolidated Statements of Cash Flows

v3.19.1
Consolidated Statements of Cash Flows - USD ($)
 9 Months Ended 12 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:        
Net loss $ (9,139,000) $ (5,039,000) $ (6,965,000) $ (4,435,000)
Adjustments to reconcile net loss to net cash used in operating activities        
Depreciation 54,000 41,000 57,000 40,000
Change in fair value of warrant liability     0 (14,000)
Stock-based compensation 1,492,000 209,000 255,000 40,000
Stock issuance for services 259,000 35,000 49,000 19,000
Amortization of deferred financing costs     0 44,000
Amortization of debt discount     0 19,000
Changes in operating assets and liabilities:        
Accounts receivable (51,000) (892,000) (866,000) 2,000
Inventories (2,106,000) 135,000 54,000 (1,364,000)
Other current assets (49,000) 47,000 (23,000) (37,000)
Accounts payable 1,197,000 261,000 51,000 (159,000)
Accrued expenses 321,000 3,000 214,000 30,000
Accrued interest 980,000 535,000 692,000 133,000
Customer deposits (13,000) (14,000) (18,000) (16,000)
Net cash used in operating activities (7,055,000) (4,679,000) (6,500,000) (5,698,000)
Cash flows from investing activities        
Purchases of equipment (144,000) (59,000) (85,000) (53,000)
Net cash used in investing activities (144,000) (59,000) (85,000) (53,000)
Cash flows from financing activities:        
Repayment of line of credit     0 (215,000)
Proceeds from the sale of common stock 4,393,000 200,000 3,975,000 1,075,000
Repayment of line of credit - related party debt (2,500,000) 0    
Borrowings from line of credit - related party 3,500,000 4,545,000 5,195,000 4,385,000
Borrowings from convertible promissory note - related party     0 500,000
Net cash provided by financing activities 5,393,000 4,745,000 9,170,000 5,745,000
Net change in cash (1,806,000) 7,000 2,585,000 (6,000)
Cash, beginning of period 2,706,000 121,000 121,000 127,000
Cash, end of period 900,000 128,000 2,706,000 121,000
Supplemental Disclosures of Non-Cash Investing and Financing Activities:        
Conversion of related party debt to equity     0 400,000
Fair value of warrants exchanged for common stock     0 10,000
Stock issuance for services 259,000 35,000 $ 49,000 $ 19,000
Common stock issued for conversion of related party debt 8,475,000 0    
Common stock issued for conversion of accrued interest 1,610,000 0    
Equipment purchase through capital lease $ 65,000 $ 0