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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Jun. 30, 2022
Current assets    
Cash and cash equivalents $ 14,435 $ 26,453 [1]
Short-term investments 29,714 26,173 [1]
Accounts receivable 74 56 [1]
Cost and estimated revenue in excess of billings 0 2 [1]
Inventory, net:    
Raw materials 1,242 864 [1]
Work-in-process 63 136 [1]
Finished goods 452 518 [1]
Prepaid expenses and other current assets 930 748 [1]
Total current assets 46,910 54,950 [1]
Property and equipment, net 2,169 1,098 [1]
Operating leases, right-of-use assets, net 299 162 [1]
Other assets, net 30 11 [1]
Total assets 49,408 56,221 [1]
Current liabilities    
Accounts payable 274 169 [1]
Payroll related accruals 922 816 [1]
Accrued expenses and other liabilities 833 961 [1]
Income tax payable 0 2 [1]
Lease liabilities, current 295 234 [1]
Total current liabilities 2,324 2,682 [1]
Lease liabilities, net of current portion 281 303 [1]
Total liabilities 2,605 2,985 [1]
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, 2023 and June 30, 2022 0 0 [1]
Common stock, $0.001 par value, 250,000,000 shares authorized at March 31, 2023 and June 30, 2022; 1,692,600 and 1,685,595 shares issued at March 31, 2023 and June 30, 2022, respectively; 1,686,723 and 1,685,595 outstanding at March 31, 2023 and June 30, 2022, respectively 190,643 190,642
Treasury shares, 5,821 and no shares at March 31, 2023 and June 30, 2022, respectively (69) 0
Additional paid-in capital 80,651 79,505 [1]
Accumulated deficit (223,034) (215,712) [1]
Accumulated other comprehensive loss (1,388) (1,199) [1]
Total stockholders’ equity 46,803 53,236 [1]
Total liabilities and stockholders’ equity 49,408 56,221 [1]
Related Party [Member]    
Current liabilities    
Term note payable - related party $ 0 $ 500 [1]
[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.