Balance Sheet Details (Tables)

6 Months Ended

Dec. 31, 2024

Balance Sheet Related Disclosures [Abstract]

Schedule of Prepaid and Other Current Assets

Prepaid and other current assets consisted of the following, in thousands:

	December 31, 2024		June 30, 2024
Insurance	$	350	$	460
Software licenses		225		442
Security deposit		—		263
Prepaid clinical costs		—		1,050
Other		71		209
Total prepaid and other current assets	$	646	$	2,424

Schedule of Property and Equipment

Property and equipment consisted of the following as of June 30, 2024, in thousands:

Furniture and equipment	$	1,000
Equipment		187
Leasehold improvements		969
		2,156
Less: accumulated depreciation (1)		(1,764	)
Property and equipment, net	$	392

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(1) Includes impairment charge of $0.5 million, see below discussion on Impact of the Agreement (as discussed in Note 9. Leases).

Accrued Liabilities

Accrued liabilities consisted of the following, in thousands:

	December 31, 2024		June 30, 2024
Accrued compensation and benefits (1)	$	1,476	$	2,821
Accrued pre-clinical and clinical trial expenses		151		1,407
Accrued legal and professional services		6		33
Accrued reimbursement to KKC		—		892
Other		58		34
Total accrued liabilities	$	1,691	$	5,187

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(1) Includes employee termination benefits of approximately $1.3 million and $21,000 as of December 31, 2024 and June 30, 2024, respectively, as more fully described in Note 5. Employee Termination Benefits.