v3.25.2
Stock-Based Payments
 12 Months Ended
Jun. 30, 2025
Stock-Based Payments [Abstract]  
Stock-based payments

Note 12 - Stock-based payments

 

   June 30,
2025		   June 30,
2024		 
   (in thousands) 
Research and development   
-
    
-
 
General and administrative   (2,609)   (8,928)
Total stock-based compensation expense   (2,609)   (8,928)

 

Restricted stocks

 

A summary of the changes in the Company’s restricted stock activity for the fiscal year ended June 30, 2025, are as follows:

 

   Numbers of
Shares		   Weighted
Average
Grant Date
Fair Value
$		 
Unvested and Outstanding as of June 30, 2024   651,939    3.91 
Granted   40,739,093    0.23 
Vested   (623,984)   3.97 
Forfeited   
-
    
-
 
Unvested and Outstanding as of June 30, 2025   40,767,047    0.23 

 

Stock Options

 

A summary of the changes in the Company’s stock options activity for the fiscal year ended June 30, 2025, are as follows:

 

   Numbers of
Shares		   Weighted Average
Exercise Price ($)		   Weighted Average
Remaining
Contractual Term
(Years)		   Aggregate Intrinsic
Value
(in thousands) ($)		 
Unvested and Outstanding as of June 30, 2024   235,008    26.76    1.93    
       -
 
Granted   
-
    
-
    -    
-
 
Vested   
-
    
-
    -    
-
 
Forfeited   (7,500)   3.28    -    
-
 
Outstanding as of June 30, 2025   227,508    27.22    1.46    
-
 
Unvested as of June 30, 2025   
-
    
-
    
-
    
-
 

 

The aggregate intrinsic value of stock options is calculated as the difference between the exercise price of the stock options and the fair value of the Company’s shares of common stock for those stock options that had exercise prices lower than the fair value of the Company’s shares of common stock.