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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Jun. 30, 2019
Current assets    
Cash and cash equivalents $ 4,660 $ 1,588
Restricted cash 122  
Accounts receivable, net of allowance of $0 85 3
Inventory:    
Raw materials 374 150
Work-in-process 155 181
Finished goods 64  
Income tax receivable 429 429
Prepaid expenses and other current assets 239 371
Total current assets 6,128 2,722
Property and equipment, net 371 469
Operating leases, right-of-use assets, net 937  
Long-term tax receivable   429
Other assets 72 72
Total assets 7,508 3,692
Current liabilities    
Accounts payable 188 160
Payroll related accruals 412 319
Accrued expenses and other liabilities 718 357
Income tax payable 2 2
Term note payable - related party 2,500  
Lease liabilities, current 326  
Total current liabilities 4,146 838
Lease liabilities, non-current 711  
Other liabilities   146
Total liabilities 4,857 984
Commitments and contingencies (Note 12)
Stockholders’ equity    
Common stock, $0.001 par value, 15,000,000 shares authorized; 7,975,388 and 6,184,698 shares issued at March 31, 2020 and June 30, 2019, respectively; 7,575,742 and 5,775,171 shares outstanding at March 31, 2020 and June 30, 2019, respectively 190,599 190,571
Treasury stock, 399,916 shares at cost at March 31, 2020 and June 30, 2019, respectively (4,129) (4,129)
Additional paid-in capital 13,868 7,964
Accumulated deficit (197,687) (191,698)
Total stockholders’ equity 2,651 2,708
Total liabilities and stockholders’ equity 7,508 3,692
Convertible Preferred Stock    
Stockholders’ equity    
Convertible preferred stock, $0.001 par value, 2,500,000 shares authorized; 280,898 shares of Series C and 280,898 shares of Series D issued and outstanding at March 31, 2020 and June 30, 2019, respectively