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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Jun. 30, 2023
Current assets:    
Cash and cash equivalents $ 3,705 $ 16,906
Short-term investments 34,640 83,787
Unbilled receivables 0 85
Prepaid expenses and other current assets 2,424 6,750
Total current assets 40,769 107,528
Operating lease right-of use assets 214 11,972
Property and equipment, net 392 1,309
Total assets 41,375 120,809
Current liabilities:    
Accounts payable 3,168 6,134
Accrued liabilities 5,187 12,461
Deferred revenue 0 317
Operating lease liability 0 1,428
Total current liabilities 8,355 20,340
Deferred revenue, long-term 0 64,545
Operating lease liability, long-term 0 11,300
Total liabilities 8,355 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 June 30, 2024 and June 30, 2023 0 0
Additional paid-in-capital 421,239 430,621
Accumulated deficit (388,219) (405,997)
Total stockholders' equity 33,020 24,624
Total liabilities and stockholders' equity $ 41,375 $ 120,809