Prepaid and other current assets consisted of the following in thousands:


	June 30, 2026		June 30, 2025
Insurance	$	210	$	176
Asset management fee		110		—
Software license		17		39
Other		98		59
Total prepaid and other current assets	$	435	$	274

Accrued liabilities consisted of the following, in thousands:



	June 30, 2026		June 30, 2025
Accrued compensation and benefits(1)	$	656	$	873
Accrued legal and professional services		75		144
Accrued pre-clinical and clinical trial expenses		11		134
Derivative liabilities - Covered Call Options		40		—
Other		26		27
Total accrued liabilities	$	808	$	1,178

________

(1) Includes employee termination benefits of approximately $0.7 million for the fiscal year ended June 30, 2025, as more fully described in Note 6. Employee Termination Benefits.