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Summary of Significant Accounting Policies (Tables)
3 Months Ended
Sep. 30, 2023
Accounting Policies [Abstract]  
Schedule of Revenue Associated with License Agreement

We recognized revenue associated with the KKC Commercialization Agreement for the periods presented (in thousands):

 

 

For the Three Months Ended September 30,

 

 

 

2023

 

 

2022

 

Timing of Revenue Recognition:

 

 

 

 

 

 

Services performed over time

 

$

743

 

 

$

8,359

 

Pass through services at a point in time

 

 

9

 

 

 

371

 

 

$

752

 

 

$

8,730

 

Schedule of Changes in Unbilled Receivables and Contract Liabilities The following table presents changes in unbilled receivables and contract liabilities accounted for under Topic 606 for the periods presented (in thousands):

 

 

 

 

 

 

 

September 30, 2023

 

 

June 30, 2023

 

Unbilled receivables

 

$

 

 

$

85

 

Contract liabilities

 

 

 

 

 

 

Contract liabilities, beginning of period

 

$

317

 

 

$

30,900

 

Revenue recognized

 

 

(317

)

 

 

(5,411

)

Revenue recognized from change in estimate for performance obligations that are being closed

 

 

 

 

 

(16,565

)

Revenue recognized for performance obligations that will no longer commence

 

 

 

 

 

(8,607

)

Contract liabilities, end of period

 

$

 

 

$

317

 

Antidilutive Securities

The following table presents potentially dilutive shares excluded from the calculation of diluted net income (loss) per share (in thousands):

 

 

For the Three Months Ended September 30,

 

 

 

2023

 

 

2022

 

Stock options

 

 

1,447

 

 

 

1,388

 

Warrants

 

 

103

 

 

 

803

 

Restricted stock units

 

 

 

 

 

1

 

Total anti-dilutive shares

 

 

1,550

 

 

 

2,192