POLARITYTE, INC. Cashflow Statement

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated Statements of Cash Flows

In millions of USD, except per-share amounts

	FY2022 12 months to Dec 31, 2022	FY2021 12 months to Dec 31, 2021	FY2020 12 months to Dec 31, 2020	FY2019 12 months to Dec 31, 2019	FY2018 12 months to Oct 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES
Total net loss
Loss from continuing operations
Adjustments to reconcile net loss to net cash used in operating activities:
Change in fair value of derivatives
Loss on extinguishment of warrant liability
Change in allowance for doubtful accounts
Stock-based compensation expense
Depreciation and amortization
Impairment of goodwill and intangible assets
Impairment of assets held for sale
Amortization of intangible assets
Amortization of debt discount
Change in fair value of contingent consideration
Bad debt expense
Inventory write-off
Gain on sale and leaseback transaction
Gain on extinguishment of debt – PPP loan
Change in fair value of common stock warrant liability
Inducement loss on sale of liability classified warrants
Loss on restructuring and other charges
Loss on sale of property and equipment and ROU assets
Loss on abandonment of property and equipment
Loss on sale of property and equipment
Gain on sale of subsidiary and property
Loss on abandonment of property and equipment and ROU assets
Other non-cash adjustments
Changes in operating assets and liabilities:
Accounts receivable
Inventory
Prepaid expenses and other current assets
Operating lease right-of-use assets
Other assets
Other assets/liabilities, net
Accounts payable and accrued expenses
Deferred revenue

Net cash used in continuing operating activities
Other current liabilities
Deferred revenue
Operating lease liabilities

Net cash used in operating activities

CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property and equipment
Proceeds from sale of property and equipment
Purchase of available-for-sale securities
Proceeds from maturities of available-for-sale securities
Proceeds from sale of available-for-sale securities
Acquisition of IBEX
Net cash used in continuing investing activities
Net cash provided by discontinued investing activities
Proceeds from sale of subsidiary and property, net of selling expenses and cash sold
Net cash provided by/(used in) investing activities

CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from other financing arrangements
Proceeds from insurance financing arrangements
Principal payments on real estate financing lease
Principal payments on term note payable and financing arrangements
Payment of contingent consideration liability
Payments on capital leases
Principal payments on equipment financing leases
Proceeds from the sale of new warrants
Net proceeds from the sale of common stock, warrants and pre-funded warrants
Proceeds from Issuance of Warrants
Proceeds from warrants exercised
Proceeds from pre-funded warrants exercised
Net proceeds from the sale of preferred stock and warrants
Cash paid for tax withholdings related to net share settlement
Proceeds from stock options exercised
Proceeds from ESPP purchase
Net cash provided by financing activities

Net increase in cash and cash equivalents
Net decrease in cash and cash equivalents
Cash and cash equivalents - beginning of period
Cash and cash equivalents - end of period
Supplemental cash flow information:
Cash paid for interest
Supplemental schedule of non-cash investing and financing activities:
Conversion of Series A preferred stock to common stock
Conversion of Series B preferred stock to common stock
Conversion of Series C preferred stock to common stock
Conversion of Series D preferred stock to common stock
Conversion of Series E preferred stock to common stock
Deemed dividend – accretion of discount on Series F preferred stock
Property and equipment additions acquired through finance leases
Property and equipment acquired through financing arrangements
Fair value of placement agent warrants issued in connection with offering
Reclassification of warrant liability to stockholders’ equity upon exercise of warrant
Allocation of proceeds from sale of common stock and warrants to warrant liability
Conversion of Series A and Series B preferred stock into common stock
Allocation of proceeds to warrant liability
Unpaid liability for acquisition of property and equipment
Reclassification of stock-based compensation expense that was previously classified as a liability to paid-in capital
Conversion of Series A, B, C, D, E preferred stock to common stock
Contingent consideration earned and recorded in accounts payable
Exchange of Series F preferred stock for common stock
Extinguishment of warrant liability
Deemed dividend - accretion of discount on Series F preferred stock
Cumulative dividends on Series F preferred stock
Series F preferred stock dividends paid in common stock
Contingent consideration for IBEX acquisition
Note payable issued as partial consideration for IBEX acquisition
Property and equipment additions through capital leases
Right-of-use asset obtained in exchange for new lease liability
Accrued offering costs
Right-of-use asset obtained in exchange for operating lease liability
Property and equipment obtained in exchange for finance lease liability
Deferred and accrued offering costs
Reclassification of equipment to assets held for sale
Sales of assets held for sale in exchange for a note receivable
Settlement of other financing arrangements through contribution of property

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