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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Jun. 30, 2021
Current assets    
Cash and cash equivalents $ 30,170 $ 35,936
Short-term investments 27,106 27,351
Accounts receivable 92 5
Inventory, net:    
Raw materials 1,135 1,056
Work-in-process 2 147
Finished goods 277 297
Prepaid expenses and other current assets 516 318
Total current assets 59,298 65,110
Property and equipment, net 870 263
Operating leases, right-of-use assets, net 206 249
Other assets 11 11
Total assets 60,385 65,633
Current liabilities    
Accounts payable 90 396
Payroll related accruals 741 344
Accrued expenses and other liabilities 853 888
Income tax payable 2 2
Term note payable - related party 500 2,500
Lease liabilities, current 227 81
Total current liabilities 2,413 4,211
Lease liabilities, net of current portion 421 215
Total liabilities 2,834 4,426
Commitments and contingencies (Note 13)
Stockholders’ equity    
Common stock, $0.001 par value, 250,000,000 and 50,000,000 shares authorized at December 31, 2021 and June 30, 2021, respectively; 49,514,467 and 49,450,558 shares issued and outstanding at December 31, 2021 and June 30, 2021, respectively 190,641 190,641
Additional paid-in capital 78,769 77,971
Accumulated deficit (211,591) (207,382)
Accumulated other comprehensive loss (268) (23)
Total stockholders’ equity 57,551 61,207
Total liabilities and stockholders’ equity 60,385 65,633
Convertible Preferred Stock    
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, 2021 and June 30, 2021