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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2019
Jun. 30, 2019
Current assets    
Cash and cash equivalents $ 1,579 $ 1,588
Accounts receivable 3 3
Inventory:    
Raw materials 121 150
Work-in-process 209 181
Income tax receivable 643 429
Prepaid expenses and other current assets 338 371
Total current assets 2,893 2,722
Property and equipment, net 409 469
Operating leases, right-of-use assets 1,527  
Long-term tax receivable 214 429
Other assets 72 72
Total assets 5,115 3,692
Current liabilities    
Accounts payable 99 160
Payroll related accruals 388 319
Accrued expenses and other liabilities 290 357
Income tax payable 2 2
Term note payable - related party 1,500  
Operating lease liabilities - current 237  
Total current liabilities 2,516 838
Operating lease liabilities, non - current 1,304  
Other liabilities   146
Total liabilities 3,820 984
Commitments and contingencies (Note 12)
Stockholders’ equity    
Common stock, $0.001 par value, 15,000,000 shares authorized; 6,188,198 and 6,184,698 shares issued at September 30, 2019 and June 30, 2019, respectively; 5,926,137 and 5,775,171 shares outstanding at September 30, 2019 and June 30, 2019, respectively 190,597 190,571
Treasury stock, 399,916 shares at cost at September 30, 2019 and June 30, 2019, respectively (4,129) (4,129)
Additional paid-in capital 8,363 7,964
Accumulated deficit (193,536) (191,698)
Total stockholders’ equity 1,295 2,708
Total liabilities and stockholders’ equity 5,115 3,692
Convertible Preferred Stock    
Stockholders’ equity    
Convertible preferred stock, $0.001 par value, 2,500,000 shares authorized; 280,898 shares of Series C and 280,898 shares of Series D issued and outstanding at September 30, 2019 and June 30, 2019, respectively