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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Jun. 30, 2021
Current assets    
Cash and cash equivalents $ 26,453 $ 35,936
Short-term investments 26,173 27,351
Accounts receivable 56 5
Cost and estimated revenue in excess of billings 2 0
Inventory, net:    
Raw materials 864 1,056
Work-in-process 136 147
Finished goods 518 297
Prepaid expenses and other current assets 748 318
Total current assets 54,950 65,110
Property and equipment, net 1,098 263
Operating lease assets 162 249
Other assets, net 11 11
Total assets 56,221 65,633
Current liabilities    
Accounts payable 169 396
Payroll related accruals 816 344
Accrued expenses and other liabilities 961 888
Income tax payable 2 2
Term note payable - related party 500 2,500
Lease liabilities, current 234 81
Total current liabilities 2,682 4,211
Lease liabilities, net of current portion 303 215
Total liabilities 2,985 4,426
Commitments and contingencies (Note 14)
Stockholders’ equity    
Convertible preferred stock, $0.001 par value, 2,500,000 shares authorized; 280,898 shares of Series D issued and outstanding at June 30, 2022 and 2021 0 0
Common stock, $0.001 par value, 250,000,000 and 50,000,000 shares authorized at June 30, 2022 and 2021 respectively; 50,567,864 and 49,450,558 shares issued and outstanding at June 30, 2022 and 2021, respectively 190,642 190,641
Additional paid-in capital 79,505 77,971
Accumulated deficit (215,712) (207,382)
Accumulated other comprehensive loss (1,199) (23)
Total stockholders’ equity 53,236 61,207
Total liabilities and stockholders’ equity $ 56,221 $ 65,633