v3.26.1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Jun. 30, 2025
Current assets    
Cash and cash equivalents $ 2,679 $ 3,100
Short-term investments 3,903 15,108
Accounts receivable 504 485
Inventory, net:    
Raw materials 3,019 2,194
Work-in-process 531 425
Finished goods 310 310
Prepaid expenses and other current assets 383 353
Total current assets 11,329 21,975
Property and equipment, net 2,573 2,395
Intangible asset, net 50 48
Operating lease assets 1,906 2,225
Other assets, net 315 346
Total assets 16,173 26,989
Current liabilities    
Accounts payable 234 1,066
Payroll related accruals 461 529
Accrued expenses and other liabilities 865 451
Lease liabilities, current 275 405
Total current liabilities 1,835 2,451
Accrued expenses and other liabilities, net of current portion 79 164
Lease liabilities, net of current portion 2,104 2,274
Total liabilities 4,018 4,889
Commitments and contingencies (Note 15)
Stockholders’ equity    
Convertible preferred stock, $0.001 par value, 2,500,000 shares authorized; 280,898 shares of Series D issued and outstanding at March 31, 2026, and June 30, 2025 0 0
Common stock, $0.001 par value, 250,000,000 shares authorized at March 31, 2026, and June 30, 2025, respectively; 1,769,269 shares issued at March 31, 2026, and June 30, 2025 respectively; 1,758,953 shares outstanding at March 31, 2026, and June 30, 2025. 190,643 190,643
Treasury shares, 10,316 at March 31, 2026, and June 30, 2025, respectively (119) (119)
Additional paid-in capital 84,050 83,310
Accumulated deficit (262,030) (250,870)
Accumulated other comprehensive loss (389) (864)
Total stockholders’ equity 12,155 22,100
Total liabilities and stockholders’ equity $ 16,173 $ 26,989