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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss for the period $ (11,898) $ (40,308)
Adjustments for:    
Initial valuation of earnout shares liability 13,195
Change in valuation of earnout shares liability (6,704) (2,674)
Initial valuation of warrant liabilities 2,987
Change in valuation of warrant liabilities (1,875) 1,414
Change in fair value of convertible note 2,542
Accretion of convertible debt 4,490 2,157
Share-based compensation 2,881 1,794
Loss on debt extinguishment 1,422
Yorkville share issuances 105 663
Foreign exchange loss 200
Depreciation 2 3
Unrealized loss on equity securities 5 1
Noncash lease activity 20 (12)
Other gains (148) (13)
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities, Total (10,580) (19,171)
Change in working capital items:    
Prepaid expenses 469 (985)
Accounts payable and accrued liabilities (1,621) 2,861
Net cash used in operating activities (11,732) (17,295)
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sale of assets 21
Net cash provided by investing activities 21
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuance of debt, net of costs 6,935 14,857
Proceeds from issuance of capital stock 6,185 2,499
Related party debt draws 1,130
Related party debt repayments (3,130)
Debt repayments (1,512) (515)
Share issue costs (205) (204)
Net cash provided by financing activities 11,403 14,637
Exchange rate effect on cash and cash equivalents (302)
Change in cash and cash equivalents during period (329) (2,939)
Cash and cash equivalents, beginning of period 2,341 5,280
Cash and cash equivalents, end of period 2,012 2,341
Supplemental cash flow information:    
Amounts paid for interest $ 264
Non-cash investing and financing transactions:    
Conversion of debt for common shares 14,479 5,175
Recognition of operating lease liabilities 199
Value of warrants issued 3,337