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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Dec. 31, 2023
Jun. 30, 2023
Current assets    
Cash and cash equivalents $ 11,096 $ 14,208
Short-term investments 26,183 27,919
Accounts receivable 294 225
Inventory, net:    
Raw materials 1,530 1,379
Work-in-process 275 243
Finished goods 260 373
Income tax receivable 0 1
Prepaid expenses and other current assets 426 365
Total current assets 40,064 44,713
Property and equipment, net 2,546 2,670
Operating lease assets 191 262
Other assets, net 30 30
Total assets 42,831 47,675
Current liabilities    
Accounts payable 567 546
Payroll related accruals 817 633
Accrued expenses and other liabilities 621 1,170
Lease liabilities, current 309 316
Total current liabilities 2,314 2,665
Accrued expenses and other liabilities, net of current portion 91 0
Lease liabilities, net of current portion 152 291
Total liabilities 2,557 2,956
Commitments and contingencies (Note 13)
Stockholders’ equity    
Convertible preferred stock, $0.001 par value, 2,500,000 shares authorized; 280,898 shares of Series D issued and outstanding at December 31, 2023 and June 30, 2023 0 0
Common stock, $0.001 par value, 250,000,000 shares authorized at December 31, 2023 and June 30, 2023, respectively; 1,712,045 and 1,692,045 shares issued at December 31, 2023 and June 30, 2023, respectively; 1,701,729 and 1,681,729 outstanding at December 31, 2023 and June 30, 2023, respectively 190,643 190,643
Treasury shares, 10,316 at December 31, 2023 and June 30, 2023, respectively (119) (119)
Additional paid-in capital 81,839 81,002
Accumulated deficit (230,907) (225,354)
Accumulated other comprehensive loss (1,182) (1,453)
Total stockholders’ equity 40,274 44,719
Total liabilities and stockholders’ equity $ 42,831 $ 47,675