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Consolidated Statements of Operations and Comprehensive Loss - USD ($)
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Revenue:    
Revenues from customers $ 0 $ 75,000
Operating expenses:    
Royalties and license fees (108,000) 0
Research and development 15,609,000 12,774,000
General and administrative 6,989,000 6,382,000
Total operating expenses 22,490,000 19,156,000
Loss from operations (22,490,000) (19,081,000)
Other income (loss):    
Foreign currency transaction gain (loss) 40,000 (415,000)
Interest income (expense), net 904,000 (33,000)
Other expense, net (204,000) (30,000)
Unrealized loss on investment (1,000) (3,000)
Total other income (loss), net 739,000 (481,000)
Net loss (21,751,000) (19,562,000)
Other comprehensive income (loss):    
Unrealized foreign currency translation gain (loss) (62,000) 415,000
Total other comprehensive income (loss): (62,000) 415,000
Total comprehensive loss (21,813,000) (19,147,000)
Deemed dividend (618,987) 0
Net loss attributable to common stockholders $ (22,370,000) $ (19,562,000)
Net loss per share: basic $ (5.51) $ (14.12)
Net loss per share: diluted $ (5.51) $ (14.12)
Weighted average number of shares outstanding: basic 4,060,182 1,385,818
Weighted average number of shares outstanding: diluted 4,060,182 1,385,818