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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Jun. 30, 2021
Current assets    
Cash and cash equivalents $ 28,346 $ 35,936
Short-term investments 26,580 27,351
Accounts receivable 140 5
Inventory, net:    
Raw materials 1,140 1,056
Work-in-process 17 147
Finished goods 341 297
Prepaid expenses and other current assets 579 318
Total current assets 57,143 65,110
Property and equipment, net 917 263
Operating lease assets 184 249
Other assets 11 11
Total assets 58,255 65,633
Current liabilities    
Accounts payable 107 396
Payroll related accruals 899 344
Accrued expenses and other liabilities 859 888
Income tax payable 2 2
Term note payable - related party 500 2,500
Lease liabilities, current 231 81
Total current liabilities 2,598 4,211
Lease liabilities, net of current portion 362 215
Total liabilities 2,960 4,426
Commitments and contingencies (Note 13)
Stockholders’ equity    
Convertible preferred stock, $0.001 par value, 2,500,000 shares authorized; 280,898 shares of Series D issued and outstanding at March 31, 2022 and June 30, 2021 0 0
Common stock, $0.001 par value, 250,000,000 and 50,000,000 shares authorized at March 31, 2022 and June 30, 2021, respectively; 49,569,113 and 49,450,558 shares issued and outstanding at March 31, 2022 and June 30, 2021, respectively 190,641 190,641
Additional paid-in capital 79,137 77,971
Accumulated deficit (213,691) (207,382)
Accumulated other comprehensive loss (792) (23)
Total stockholders’ equity 55,295 61,207
Total liabilities and stockholders’ equity $ 58,255 $ 65,633