v3.26.3
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Jun. 30, 2025
Current assets:    
Cash and cash equivalents $ 10,615 $ 94,107
Investments in marketable debt securities 97,186 73,751
Prepaid expenses and other 2,710 3,287
Total current assets 110,511 171,145
Long-term assets:    
Deposits and other 1,528 2,925
Right-of-use assets 769 1,348
Property and equipment, net 41 72
Total assets 112,849 175,490
Current liabilities:    
Accounts payable 5,026 5,809
Accrued liabilities:    
Accrued clinical and other 3,697 3,202
Compensation and benefits 2,037 2,269
Current portion of operating lease liabilities 658 632
Total current liabilities 11,418 11,912
Long-term liabilities:    
Embedded derivative liability 468 468
Operating lease liabilities, net of current portion 276 983
Total liabilities 12,162 13,363
Commitments and contingencies (Notes 5, 10 and 11)
Shareholders' equity:    
Preferred stock, $0.001 par value per share; 400,000 shares authorized; no shares issued
Common stock, $0.001 par value per share; 165,000,000 shares authorized; issued and outstanding 96,405,982 and 86,995,985 shares as of June 30, 2026 and 2025, respectively 96 87
Additional paid-in capital 582,152 565,903
Accumulated other comprehensive loss (119) (7)
Accumulated deficit (481,442) (403,856)
Total shareholders' equity 100,687 162,127
Total liabilities and shareholders' equity $ 112,849 $ 175,490