v3.26.1
Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Jun. 30, 2025
Current assets:    
Cash and cash equivalents $ 56,395,000 $ 8,582,000
Accounts receivable - trade, net of allowance for credit losses of $65 and $0 as of June 30, 2026 and June 30, 2025, respectively
Investments in debt securities (adjusted cost $31,689 and $0 as of June 30, 2026 and June 30, 2025, respectively - see Note 6) 31,644,000  
Subscription receivable   105,000
Promissory note receivable and accrued interest 1,104,000  
Prepaid expenses and other current assets 3,078,000 1,034,000
Total Current Assets 92,221,000 9,721,000
Restricted cash 228,000 210,000
Promissory note receivable and accrued interest   1,098,000
Finance lease right-of-use assets, net of accumulated amortization   68,000
Operating lease right-of-use asset, net of accumulated amortization 1,667,000 2,051,000
Fixed assets, net of accumulated depreciation 3,086,000 3,163,000
Intangible assets, net of accumulated amortization 1,825,000 6,848,000
Prepaid expenses - noncurrent 73,000  
Security deposits 10,000 26,000
Total Assets 99,110,000 23,185,000
Current liabilities:    
Accounts payable 4,423,000 2,188,000
Accrued expenses 5,626,000 1,345,000
Finance lease obligations   53,000
Operating lease obligation - current portion 546,000 490,000
Equipment financing payable - current portion   64,000
Term promissory note   766,000
Contract liabilities 1,150,000 1,200,000
Total Current Liabilities 11,745,000 6,106,000
Operating lease obligation - net of current portion 1,652,000 2,199,000
Total Liabilities 13,397,000 8,305,000
Stockholders' Equity    
Preferred Stock - $0.001 par value; 1,000,000 shares authorized; 0 shares issued and outstanding (see Note 16)
Common Stock - $0.001 par value; 275,000,000 shares authorized; 55,698,561 and 19,349,201 shares issued and outstanding as of June 30, 2026 and June 30, 2025, respectively 56,000 19,000
Additional paid-in capital 450,970,000 347,085,000
Accumulated other comprehensive loss (45,000)  
Accumulated deficit (365,268,000) (332,224,000)
Total Stockholders' Equity 85,713,000 14,880,000
Total Liabilities and Stockholders' Equity $ 99,110,000 $ 23,185,000