Share-Based Compensation (Tables)

6 Months Ended

Dec. 31, 2023

Share-Based Payment Arrangement [Abstract]

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs

The following table summarizes the components of share-based compensation expense in the condensed consolidated statements of operations and comprehensive loss (in thousands):

	Three Months Ended
	December 31,
	2023		2022
Research and development	$	142	$	15
General and administrative		312		900
Total	$	454	$	915

	Six Months Ended
	December 31,
	2023		2022
Research and development	$	195	$	56
General and administrative		1,020		1,985
Total	$	1,215	$	2,041

Schedule of Fair Value of Options Granted using the Black-Scholes Option Pricing Model

The Company estimated the fair value of options granted using the Black-Scholes option pricing model with the following assumptions:

Weighted-average risk-free interest rate	4.52	%
Dividend yield	0	%
Volatility	157.77	%
Expected term (in years)	4.2