SUPPLEMENTAL FINANCIAL INFORMATION

12 Months Ended

Jun. 30, 2025

SUPPLEMENTAL FINANCIAL INFORMATION

SUPPLEMENTAL FINANCIAL INFORMATION

NOTE 12 - SUPPLEMENTAL FINANCIAL INFORMATION

Cash and cash equivalents

Cash and cash equivalents consisted of the following as of June 30, 2025 and 2024 (in thousands):

	2025		2024
Money market funds	$	86,059	$	61,249
Demand deposits at a single financial institution		5,052		9,147
Corporate commercial paper		1,000		—
U.S. Government treasuries		1,996		—
Total	$	94,107	$	70,396

The money market funds, commercial paper, and U.S government treasuries included in the table above were purchased with an original maturity of three months or less. These investments and the demand deposits are freely available for the Company’s immediate and general business use.

Property and Equipment

Property and equipment consisted of the following as of June 30, 2025 and 2024 (in thousands):

	2025		2024
Office furniture and equipment	$	210	$	210
Less accumulated depreciation		(138)		(107)
Total	$	72	$	103

Depreciation expense related to property and equipment amounted to approximately $31,000 and $36,000 for the fiscal years ended June 30, 2025 and 2024, respectively.