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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Jun. 30, 2023
Current assets    
Cash and cash equivalents $ 8,487 $ 14,208
Short-term investments 26,196 27,919
Accounts receivable 201 225
Inventory, net:    
Raw materials 1,734 1,379
Work-in-process 251 243
Finished goods 359 373
Income tax receivable 0 1
Prepaid expenses and other current assets 274 365
Total current assets 37,502 44,713
Property and equipment, net 2,516 2,670
Operating lease assets 155 262
Other assets, net 30 30
Total assets 40,203 47,675
Current liabilities    
Accounts payable 612 546
Payroll related accruals 900 633
Accrued expenses and other liabilities 644 1,170
Lease liabilities, current 289 316
Total current liabilities 2,445 2,665
Accrued expenses and other liabilities, net of current portion 95 0
Lease liabilities, net of current portion 92 291
Total liabilities 2,632 2,956
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, 2024 and June 30, 2023 0 0
Common stock, $0.001 par value, 250,000,000 shares authorized at March 31, 2024 and June 30, 2023, respectively; 1,712,045 and 1,692,045 shares issued at March 31, 2024 and June 30, 2023, respectively; 1,701,729 and 1,681,729 outstanding at March 31, 2024 and June 30, 2023, respectively 190,643 190,643
Treasury shares, 10,316 at March 31, 2024 and June 30, 2023, respectively (119) (119)
Additional paid-in capital 82,277 81,002
Accumulated deficit (234,061) (225,354)
Accumulated other comprehensive loss (1,169) (1,453)
Total stockholders’ equity 37,571 44,719
Total liabilities and stockholders’ equity $ 40,203 $ 47,675