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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Dec. 31, 2025
Jun. 30, 2025
Current assets    
Cash and cash equivalents $ 3,095 $ 3,100
Short-term investments 7,037 15,108
Accounts receivable 133 485
Inventory, net:    
Raw materials 2,865 2,194
Work-in-process 496 425
Finished goods 310 310
Prepaid expenses and other current assets 412 353
Total current assets 14,348 21,975
Property and equipment, net 2,975 2,395
Intangible asset, net 50 48
Operating lease assets 1,977 2,225
Other assets, net 346 346
Total assets 19,696 26,989
Current liabilities    
Accounts payable 649 1,066
Payroll related accruals 411 529
Accrued expenses and other liabilities 570 451
Lease liabilities, current 268 405
Total current liabilities 1,898 2,451
Accrued expenses and other liabilities, net of current portion 96 164
Lease liabilities, net of current portion 2,184 2,274
Total liabilities 4,178 4,889
Commitments and contingencies (Note 14)
Stockholders’ equity    
Convertible preferred stock, $0.001 par value, 2,500,000 shares authorized; 280,898 shares of Series D Preferred Stock issued and outstanding at December 31, 2025, and June 30, 2025 respectively. 0 0
Common stock, $0.001 par value, 250,000,000 shares authorized at December 31, 2025, and June 30, 2025, respectively; 1,769,269 shares issued at December 31, 2025, and June 30, 2025, respectively; 1,758,953 outstanding at December 31, 2025, and June 30, 2025, respectively 190,643 190,643
Treasury shares, 10,316 at December 31, 2025, and June 30, 2025, respectively (119) (119)
Additional paid-in capital 83,804 83,310
Accumulated deficit (258,262) (250,870)
Accumulated other comprehensive loss (548) (864)
Total stockholders’ equity 15,518 22,100
Total liabilities and stockholders’ equity $ 19,696 $ 26,989