v3.25.2
Stock-Based Payments (Tables)
12 Months Ended
Jun. 30, 2025
Stock-Based Payments [Abstract]  
Schedule of 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)
Schedule of Restricted Stock Activity

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 
Schedule of 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   
-
    
-
    
-
    
-