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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2022
Dec. 31, 2021
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:          
Net loss     $ (23,387) $ (20,429)  
Share-based compensation expense     3,610 1,851  
Non-cash lease expense     112 159  
Loss (gain) from change in fair value of derivative liabilities $ 13 $ 12 26 (4)  
Depreciation and amortization expense     10 7  
Accretion of debt discount and issuance costs       211  
Changes in operating assets and liabilities:          
Decrease in prepaid expenses and other assets     783 238  
Increase in accounts payable     1,708 3,320  
Increase in other accrued liabilities     2,056 1,109  
Net Cash Used in Operating Activities     (15,082) (13,538) $ (39,600)
CASH FLOWS FROM INVESTING ACTIVITIES          
Purchase of property and equipment     (153)    
CASH FLOWS FROM FINANCING ACTIVITIES:          
Payment of commissions and other offering costs     (759) (3,430)  
Payment of debt discount and issuance costs       (104)  
Net Cash Provided by Financing Activities     11,571 54,894  
Net increase (decrease) in cash, cash equivalents and restricted cash     (3,664) 41,356  
Cash, cash equivalents and restricted cash at beginning of period     150,410 41,047 41,047
Cash, cash equivalents and restricted cash at end of period $ 146,746 $ 82,403 146,746 82,403 $ 150,410
SUPPLEMENTARY CASH FLOW INFORMATION:          
Cash paid for interest       680  
Cash paid for amounts included in the measurement of operating lease liabilities     58 184  
Operating lease liabilities incurred in exchange for right-of-use-assets     2,204    
NON-CASH INVESTING AND FINANCING ACTIVITIES:          
Issuance of commitment shares for deferred offering costs subsequently charged to additional paid-in capital       450  
2022 Private Placement          
CASH FLOWS FROM FINANCING ACTIVITIES:          
Proceeds from issuances of common stock     $ 12,330    
2021 Underwritten Public Offering          
CASH FLOWS FROM FINANCING ACTIVITIES:          
Proceeds from issuances of common stock       50,738  
2021 Registered Direct Offering          
CASH FLOWS FROM FINANCING ACTIVITIES:          
Proceeds from issuances of common stock       5,000  
EDA with Oppco          
CASH FLOWS FROM FINANCING ACTIVITIES:          
Proceeds from issuances of common stock       1,519  
LPC Purchase Agreement          
CASH FLOWS FROM FINANCING ACTIVITIES:          
Proceeds from issuances of common stock       $ 1,171