XML 16 R5.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Statement Of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Jun. 30, 2023
Cash Flows From Operating Activities:      
Net income (loss) $ (9,370) $ 4,606  
Adjustments to reconcile net income (loss) to net cash used in operating activities:      
Depreciation and amortization 53 37  
Share based compensation 599 1,300  
Unrealized (gain) loss on convertible note derivative instrument 0 (13,909)  
Accretion of asset retirement obligations 17 3 $ 37
Amortization of debt issuance costs and discount - convertible note 1,452 550  
Amortization of right of use asset 40 44  
Change in:      
Prepaid expenses and other current assets 535 (27)  
Accounts payable and accrued liabilities (212) (416)  
Net cash used in operating activities (6,886) (7,812)  
Cash Flows From Investing Activities:      
Construction in progress (1,580) (5,115)  
Properties, plant and equipment additions (51) (11)  
Net cash used in investing activities (1,631) (5,126)  
Cash Flows From Financing Activities:      
Proceeds from issuance of convertible note 0 60,000  
Debt issuance costs 0 (4,160)  
Payments on note payable (10) (10)  
Proceeds from exercise of stock options 0 256  
Net cash provided by (used in) financing activities (10) 56,086  
Net increase (decrease) in cash and cash equivalents (8,527) 43,148  
Cash and cash equivalents at beginning of period 20,323 31,057 31,057
Cash and cash equivalents at end of period 11,796 74,205 $ 20,323
Supplemental Disclosure of Cash Flow Information:      
Cash paid for interest 18 2  
Noncash Investing and Financing Activities:      
Accounts payable and accrued liabilities change related to construction in progress 2,364 2,554  
Interest paid through issuance of additional convertible notes $ 1,851 $ 0