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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Dec. 31, 2022
Jun. 30, 2022
[1]
Current assets    
Cash and cash equivalents $ 15,889 $ 26,453
Short-term investments 30,953 26,173
Accounts receivable 112 56
Cost and estimated revenue in excess of billings 4 2
Inventory, net:    
Raw materials 1,012 864
Work-in-process 167 136
Finished goods 318 518
Prepaid expenses and other current assets 979 748
Total current assets 49,434 54,950
Property and equipment, net 1,554 1,098
Operating leases, right-of-use assets, net 336 162
Other assets, net 11 11
Total assets 51,335 56,221
Current liabilities    
Accounts payable 301 169
Payroll related accruals 711 816
Accrued expenses and other liabilities 965 961
Income tax payable 1 2
Term note payable - related party 0 500
Lease liabilities, current 291 234
Total current liabilities 2,269 2,682
Lease liabilities, net of current portion 356 303
Total liabilities 2,625 2,985
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 December 31, 2022 and June 30, 2022 0 0
Common stock, $0.001 par value, 250,000,000 shares authorized at December 31, 2022 and June 30, 2022; 1,690,450 and 1,685,595 shares issued and outstanding at December 31, 2022 and June 30, 2022, respectively 190,643 190,642
Additional paid-in capital 80,295 79,505
Accumulated deficit (220,659) (215,712)
Accumulated other comprehensive loss (1,569) (1,199)
Total stockholders’ equity 48,710 53,236
Total liabilities and stockholders’ equity $ 51,335 $ 56,221
[1] The balance sheet at June 30, 2022, has been derived from the audited consolidated financial statements at that date but does not include all of the information and footnotes required by the United States generally accepted accounting principles for complete financial statements.