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Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Jun. 30, 2025
Sep. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Operating expenses        
Royalties and license fees $ 0 $ 0 $ 0 $ (108)
Research and development 2,867 3,585 18,332 15,609
General and administrative 6,967 2,206 23,433 6,989
Total operating expenses 9,834 5,791 41,765 22,490
Loss from operations (9,834) (5,791) (41,765) (22,490)
Other income (loss):        
Foreign currency transaction gain (loss) 119 93 (71) 40
Interest income (expense), net 1,036 604 3,286 904
Other expense, net (126) 35 (131) (204)
Gain on extinguishment of liabilities 0 0 764 0
Unrealized loss on investment     0 (1)
Total other income (loss), net 1,029 732 3,848 739
Net loss (8,805) (5,059) (37,917) (21,751)
Other comprehensive income:        
Unrealized foreign currency translation gain (loss) (123) (101) 53 (62)
Total other comprehensive income (loss) (123) (101) 53 (62)
Total comprehensive loss (8,928) (5,160) (37,864) (21,813)
Net loss $ (8,805) $ (5,059) (37,917) (21,751)
Deemed dividends     0 (619)
Net loss attributable to common shareholders     $ (37,917) $ (22,370)
Net loss per share: basic $ (0.21) $ (0.18) $ (1.05) $ (1.22)
Net loss per share: diluted $ (0.21) $ (0.18) $ (1.05) $ (1.22)
Weighted average number of shares outstanding: basic 41,161,259 27,883,624 36,209,271 18,364,386
Weighted average number of shares outstanding: diluted 41,161,259 27,883,624 36,209,271 18,364,386