v3.25.1
Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Jun. 30, 2024
Current assets:    
Cash and cash equivalents $ 14,596 $ 70,396
Investments in marketable debt securities 72,296 56,478
Prepaid expenses and other 1,843 1,779
Total current assets 88,735 128,653
Long-term assets:    
Deposits and other 2,925 1,838
Investments in marketable debt securities 1,514 263
Right-of-use assets 1,485 1,880
Property and equipment, net 80 103
Total assets 94,739 132,737
Current liabilities:    
Accounts payable 6,502 4,901
Accrued liabilities:    
Accrued clinical and other 2,366 2,325
Compensation and benefits 1,044 1,812
Current portion of operating lease liabilities 615 568
Total current liabilities 10,527 9,606
Long-term liabilities:    
Operating lease liabilities, net of current portion 1,160 1,660
Embedded derivative liability 483 468
Total liabilities 12,170 11,734
Commitments and contingencies (Notes 5, 9 and 10)
Shareholders' equity:    
Preferred stock, $0.001 par value; 400,000 shares authorized; no shares issued
Common stock, $0.001 par value; 165,000,000 and 100,000,000 shares authorized; issued and outstanding 60,542,914 and 53,245,824 shares as of March 31, 2025 and as of June 30, 2024, respectively 61 53
Additional paid-in capital 461,931 450,473
Accumulated other comprehensive income (loss) 43 (79)
Accumulated deficit (379,466) (329,444)
Total shareholders' equity 82,569 121,003
Total liabilities and shareholders' equity $ 94,739 $ 132,737