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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Jun. 30, 2023
Current assets:    
Cash and cash equivalents $ 5,174 $ 16,906
Short-term investments 54,306 83,787
Unbilled receivables 0 85
Prepaid expenses and other current assets 6,692 6,750
Total current assets 66,172 107,528
Operating lease right-of-use asset 11,222 11,972
Property and equipment, net 1,144 1,309
Total assets 78,538 120,809
Current liabilities:    
Accounts payable 1,378 6,134
Accrued liabilities 5,645 12,461
Deferred revenue 0 317
Operating lease liability 1,015 1,428
Total current liabilities 8,038 20,340
Deferred revenue, long-term 0 64,545
Operating lease liability, long-term 11,012 11,300
Total liabilities 19,050 96,185
Commitments and contingencies (Note 6)
Stockholders' equity:    
Preferred stock, $0.01 par value; 100 shares authorized; none outstanding 0 0
Common stock, $0.00000002 par value; 226,000 shares authorized; 6,663 shares issued and outstanding at December 31, 2023 and June 30, 2023. 0 0
Additional paid-in capital 420,174 430,621
Accumulated deficit (360,686) (405,997)
Total stockholders' equity 59,488 24,624
Total liabilities and stockholders' equity $ 78,538 $ 120,809