Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2023
Current assets:
Cash and cash equivalents	$ 97,744	$ 50,866
Restricted cash	113	63
Trade and other receivables	33	229
Prepaid and other assets	628	516
Total current assets	98,518	51,674
Property and equipment, net	131	179
Deposits	55	25
Prepaid and other assets	28	62
Right-of-use assets	860	270
Total assets	99,592	52,210
Current liabilities:
Trade and other payables	1,022	4,165
Accrued employee benefits	426	475
Lease liabilities, current portion	354	284
Total current liabilities	1,802	4,924
Non-current accrued employee benefits	0	38
Lease liabilities, less current portion	495	0
Total liabilities	2,297	4,962
Stockholders' equity:
Preferred stock, $0.0001 par value—5,000,000 shares authorized; no shares issued and outstanding at June 30, 2025 and 2024, respectively	0	0
Common stock, $0.0001 par value—160,000,000 shares authorized; 26,250,469 shares and 10,086,119 shares issued and outstanding at June 30, 2025 and 2024, respectively	2	1
Additional paid-in capital	326,308	238,398
Accumulated deficit	(228,176)	(190,259)
Accumulated other comprehensive loss	(839)	(892)
Total stockholders' equity	97,295	47,248	$ 202
Total liabilities and stockholders' equity	$ 99,592	$ 52,210