LEASES (Tables)

12 Months Ended

Jun. 30, 2025

LEASES

Schedule of carrying value of right-of-use assets and operating lease liabilities

As of June 30, 2025 and 2024, the carrying values of all of the Company’s right-of-use assets and the related operating lease liabilities were as follows (in thousands):

	2025		2024
Right-of-use assets	$	1,348	$	1,880
Operating lease liabilities:
Current	$	632	$	568
Long-term		983		1,660
Total	$	1,615	$	2,228

Schedule of operating lease expense

For the fiscal years ended June 30, 2025 and 2024, operating lease expense is included under the following captions in the accompanying consolidated statements of operations (in thousands):

	2025		2024
Research and development	$	489	$	484
General and administrative		178		196
Total	$	667	$	680

Schedule of future payments under operating lease agreements

Future payments under all operating lease agreements as of June 30, 2025 are as follows (in thousands):

Fiscal year ending June 30,
2026	$	770
2027		750
2028		224
Total lease payments		1,744
Less imputed interest		(129)
Present value of operating lease liabilities	$	1,615