XML 17 R5.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss for the period $ (10,999) $ (35,741)
Adjustments for:    
Initial valuation of  earnout shares liability 13,195
Change in fair value of earnout shares liability (3,854) (881)
Initial valuation of warrant liabilities 3,848
Change in fair value of warrant liabilities (580) 868
Share-based compensation 2,779 1,788
Accretion of convertible debt 4,267 215
Loss on debt extinguishment 1,422
Loss on Yorkville equity facility shares issued 78
Private placement compensation adjustment 102
Fair value of commitment shares issued 650
Foreign exchange loss 200
Other gains (195) (13)
Depreciation 2 2
Unrealized loss on equity securities 2 2
Non-cash lease activity 21 (12)
Change in working capital items:    
Prepaid expenses and other 1,124 304
Accounts payable and accrued liabilities 1,637 2,688
Net cash used in operating activities (5,616) (11,465)
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sale of assets 21
Net cash provided by investing activities 21
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of common shares 3,663 11
Share issue costs (194) (21)
Convertible debt repayment (515)
Proceeds from debt issuance, net of cost 14,857
Related party debt draws 1,130
Related party debt (1,841)
Net cash provided by financing activities 3,469 13,621
Exchange rate effect on cash and cash equivalents (312)
Change in cash and cash equivalents during period (2,147) 1,865
Cash and cash equivalents, beginning of period 2,341 5,280
Cash and cash equivalents, end of period 194 7,145
Supplemental cash flow information:    
Amounts paid for interest 239
Amounts paid for income taxes
Non-cash investing and financing transactions:    
Conversion of debt for common shares $ 13,121 $ 1,950