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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Jun. 30, 2023
Current assets    
Cash and cash equivalents $ 10,442 $ 14,208
Short-term investments 21,474 27,919
Accounts receivable 77 225
Inventory, net:    
Raw materials 2,038 1,379
Work-in-process 66 243
Finished goods 370 373
Income tax receivable 0 1
Prepaid expenses and other current assets 261 365
Total current assets 34,728 44,713
Property, Plant and Equipment, Net 2,763 2,670
Operating lease assets 119 262
Other assets, net 30 30
Total assets 37,640 47,675
Liabilities, Current [Abstract]    
Accounts payable 373 546
Payroll related accruals 1,174 633
Accrued expenses and other liabilities 754 1,170
Operating and Finance Leases, Liability, Current 227 316
Total current liabilities 2,528 2,665
Accrued expenses and other liabilities, net of current portion 232 0
Operating and Finance Leases, Liability, Noncurrent 73 291
Total liabilities 2,833 2,956
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, 2024 and 2023, respectively 0 0
Common stock, $0.001 par value, 250,000,000 shares authorized at June 30, 2024 and 2023 respectively; 1,712,045 and 1,692,045 shares issued at June 30, 2024 and 2023 respectively; 1,701,729 and 1,681,729 outstanding at June 30, 2024 and 2023, respectively 190,643 190,643
Treasury shares, 10,316 shares at June 30, 2024 and 2023 (119) (119)
Additional paid-in capital 82,480 81,002
Accumulated deficit (237,020) (225,354)
Accumulated other comprehensive loss (1,177) (1,453)
Total stockholders’ equity 34,807 44,719
Total liabilities and stockholders’ equity $ 37,640 $ 47,675