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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Revenues $ 0 $ 0 $ 0 $ 65,297
Operating expenses:        
Research and development 308 3,912 3,471 7,397
General and administrative 3,143 8,018 8,332 14,549
Total operating expenses 3,451 11,930 11,803 21,946
(Loss) income from operations (3,451) (11,930) (11,803) 43,351
Other income (expense):        
Interest and dividend income 279 869 634 1,963
Gain on disposition of a non-financial asset 500 0 500 0
Other expense, net (5) (2) (15) (3)
Total other income, net 774 867 1,119 1,960
Net (loss) income $ (2,677) $ (11,063) $ (10,684) $ 45,311
Net (loss) income per share - basic and diluted:        
Basic $ (0.4) $ (1.66) $ (1.6) $ 6.8
Diluted $ (0.4) $ (1.66) $ (1.6) $ 6.8
Weighted-average shares used in computing net (loss) income per share - basic and diluted:        
Basic 6,663 6,663 6,663 6,663
Diluted 6,663 6,663 6,663 6,663
Revenue from customers        
Revenues $ 0 $ 0 $ 0 $ 752
Revenue from collaboration agreements        
Revenues $ 0 $ 0 $ 0 $ 64,545