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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating activities    
Net loss $ (8,880,961) $ (5,040,998)
Adjustments to reconcile net loss to net cash and cash equivalents used in operating activities:    
Depreciation and amortization 2,447,359 1,180,206
Rent expense from operating lease right-of-use asset 354,810
Bad debt expense 207,010 69,613
Reserve for contract asset 960,000
Stock-based compensation 1,231,939 1,889,175
Release of valuation allowance on deferred tax assets (4,540,000)
Changes in operating assets and liabilities:    
Accounts receivable (3,317,969) (157,903)
Inventories (9,000,757) (2,004,812)
Prepaid expenses and other current assets (852,408) (252,805)
Lease and other assets 617,028 83,453
Accounts payable, accrued expenses and other current liabilities (537,552) 1,632,102
Net cash used in operating activities (21,311,501) (2,601,969)
Investing activities    
Acquisition of property, plant and equipment (304,855) (588,526)
Additional patents (104,694) (127,912)
Cash from acquisition of Solsys Medical, LLC 5,525,601
Net cash provided by (used in) investing activities 5,116,052 (716,438)
Financing activities    
Proceeds from notes payable 28,750,000
Repayments of notes payable (12,569,940)
Stock registration and investment bank fees (3,859,036)
Proceeds from equity offering 34,572,062
Proceeds from exercise of stock options 1,185,416 1,351,172
Net cash provided by financing activities 48,078,502 1,351,172
Net increase (decrease) in cash and cash equivalents 31,883,053 (1,967,235)
Cash and cash equivalents at beginning of year 7,842,403 10,979,455
Cash and cash equivalents at end of year 39,725,456 9,012,220
Cash paid for:    
Interest 1,397,191
Income taxes 550 71,787
Transfer of inventory to property, plant and equipment for consignment of product 3,536,488 692,112
Stock issued for the acquisition of Solsys Medical, LLC $ 108,643,710