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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Jun. 30, 2020
Current assets    
Cash and cash equivalents $ 22,121 $ 3,349
Restricted cash 542  
Accounts receivable 95 101
Inventory:    
Raw materials 173 416
Work-in-process 221 38
Finished goods 194 222
Income tax receivable   429
Prepaid expenses and other current assets 76 117
Total current assets 23,422 4,672
Property and equipment, net 85 99
Assets held for disposal   237
Operating leases, right-of-use assets, net 72 851
Other assets   71
Total assets 23,579 5,930
Current liabilities    
Accounts payable 228 239
Payroll related accruals 434 433
Accrued expenses and other liabilities 939 627
Income tax payable 2 2
Term note payable - related party 2,500 2,500
Term note payable 421 210
Lease liabilities 82 339
Total current liabilities 4,606 4,350
Term note payable, net of current portion 121 332
Lease liabilities, net of current portion 42 623
Total liabilities 4,769 5,305
Commitments and contingencies (Note 12)
Stockholders’ equity    
Common stock, $0.001 par value, 50,000,000 shares authorized; 18,941,345 and 8,250,286 shares issued at December 31, 2020 and June 30, 2020, respectively; 18,541,429 and 7,850,362 shares outstanding at December 31, 2020 and June 30, 2020, respectively 190,610 190,599
Treasury stock, 399,916 shares at cost at December 31, 2020 and June 30, 2020 (4,129) (4,129)
Additional paid-in capital 35,841 13,934
Accumulated deficit (203,512) (199,779)
Total stockholders’ equity 18,810 625
Total liabilities and stockholders’ equity 23,579 5,930
Convertible Preferred Stock    
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, 2020 and June 30, 2020