Glimpse Group, Inc. [Rocket]

In millions, except per share items	Jun-30-23	Jun-30-22	Jun-30-21	Jun-30-20	Jun-30-19
	10-K/A	10-K/A	10-K	10-K	S-1/A
Cash flows from operating activities:
Net loss	-28.6	-6.0	-6.1	-5.0	-5.6
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization and depreciation	2.2	0.5	0.0
Common stock and stock option based compensation for employees and board of directors	5.0	2.9	2.9
Acquisition contingent consideration fair value adjustment
Impairment of intangible assets	15.4
Issuance of common stock to vendors as compensation	0.0	0.2	0.1	0.1	0.3
Loss on conversion of convertible notes		0.3	0.5
Forgiveness of Paycheck Protection Program loan		-0.6	-0.5
Adjustment to operating lease right-of-use asset and liability	0.0
Changes in operating assets and liabilities:
Accounts receivable	0.1	-0.3	-0.4	-0.1	0.0
Pre-offering costs		0.5
Deferred costs/contract assets	0.4	0.0	0.1
Prepaid expenses and other current assets	-0.2	-0.3	0.0
Other assets	0.1	0.0
Accounts payable	-0.4	-0.1	0.3	0.1	0.0
Accrued liabilities	0.0	-0.1	0.1	-0.1	0.0
Accrued bonuses	-0.1	-0.3	0.4
Deferred revenue/contract liabilities	-2.4	0.3	-0.2
Net cash used in operating activities	-9.2	-4.9	-1.2	-2.0	-2.1

Cash flow from investing activities:
Purchases of equipment	-0.1	-0.2	0.0	0.0	0.0
Acquisitions, net of cash acquired	-2.6	-4.6
Payment of contingent consideration for acquisitions	-1.0
Sale (purchase) of investments	0.2	-0.2
Net cash used in investing activities	-3.5	-5.1	0.0	0.0	0.0

Cash flows from financing activities:
Proceeds from initial public offering, net		11.8	0.3	0.0	2.0
Proceeds from securities purchase agreement, net		13.6
Proceeds from exercise of stock options	0.1	1.3
Issuance of note receivable		-0.3
Net cash provided by financing activities	0.1	26.5	2.0	1.9	2.0
Net change in cash, cash equivalents and restricted cash	-12.6	16.5	0.7

Non-cash Investing and Financing activities:
Common stock issued for acquisitions	2.8	3.3		0.1	0.0
Common stock issued for satisfaction of prior year acquisition lability	0.7
Common stock issued for purchase of intangible asset - technology	0.3
Issuance of common stock for satisfaction of contingent liability, net of note extinguishment	0.3
Extinguishment of note receivable for satisfaction of contingent liability	0.3
Contingent acquisition consideration liability recorded at closing	7.3	9.2
Issuance of common stock for satisfaction of contingent liability	3.1
Lease liabilities arising from right-of-use assets	0.4
Forgiveness of Paycheck Protection Program loan		0.6
Issuance of common stock for satisfaction of legacy acquisition liability		1.3
Conversion of convertible promissory notes into common stock		1.6	1.5
Issuance of warrants in connection with initial public offering		0.5
Issuance of warrants in connection with securities purchase agreement		8.8