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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities    
Net loss for the year $ (8,320) $ (14,649)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation of property and equipment 55 60
Amortization of clinical trial deposit   3,225
Change in fair value of milestone liability 20 3
Restricted stock units and shares issued for services 171 200
Stock option expense 607 1,490
Changes in operating assets and liabilities    
Prepaid expenses, deposits and other 246 371
Clinical trial deposits 870 (1,700)
Accounts payable and accrued liabilities (577) (442)
Related party payables (248) (423)
Net cash used in operating activities (7,176) (11,865)
Cash flows from investing activities    
Purchase of equipment (20) (232)
Net cash used in investing activities (20) (232)
Cash flows from financing activities    
Net proceeds from the issuance of shares and warrants 10,576 1,903
Payment of prior year issuance costs   (43)
Series A preferred cash dividend (6) (8)
Net cash provided by financing activities 10,570 1,852
Increase (decrease) in cash and cash equivalents 3,374 (10,245)
Cash and cash equivalents – beginning of year 1,535 11,780
Cash and cash equivalents – end of year $ 4,909 $ 1,535