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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Dec. 31, 2024
Jun. 30, 2024
Current assets    
Cash and cash equivalents $ 3,161,000 $ 10,442,000
Short-term investments 21,531,000 21,474,000
Accounts receivable 340,000 77,000
Contract Asset 4,000 0
Inventory, net:    
Raw materials 2,121,000 2,038,000
Work-in-process 181,000 66,000
Finished goods 347,000 370,000
Prepaid expenses and other current assets 478,000 261,000
Total current assets 28,163,000 34,728,000
Property, Plant and Equipment, Net 2,760,000 2,763,000
Operating lease assets 48,000 119,000
Other assets, net 30,000 30,000
Total assets 31,001,000 37,640,000
Liabilities, Current [Abstract]    
Accounts payable 1,032,000 373,000
Payroll related accruals 923,000 1,174,000
Accrued expenses and other liabilities 587,000 754,000
Operating and Finance Leases, Liability, Current 81,000 227,000
Total current liabilities 2,623,000 2,528,000
Accrued expenses and other liabilities, net of current portion 223,000 232,000
Operating and Finance Leases, Liability, Noncurrent 61,000 73,000
Total liabilities 2,907,000 2,833,000
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, 2024 and June 30, 2024, respectively 0 0
Common stock, $0.001 par value, 250,000,000 shares authorized at December 31, 2024, and June 30, 2024, respectively; 1,712,045 shares issued at December 31, 2024, and June 30, 2024, respectively; 1,701,729 outstanding at December 31, 2024, and June 30, 2024, respectively 190,643,000 190,643,000
Treasury shares, 10,316 at December 31, 2024, and June 30, 2024, respectively (119,000) (119,000)
Additional paid-in capital 82,957,000 82,480,000
Accumulated deficit (244,307,000) (237,020,000)
Accumulated other comprehensive loss (1,080,000) (1,177,000)
Total stockholders’ equity 28,094,000 34,807,000
Total liabilities and stockholders’ equity $ 31,001,000 $ 37,640,000