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Stock-Based Payments (Tables)
3 Months Ended
Sep. 30, 2024
Stock-Based Payments [Abstract]  
Schedule of Stock-Based Payments
   For the three months ended
September 30,
 
   2024
$
   2023
$
 
   (in thousands) 
Research and development   
-
    
-
 
General and administrative   459    201 
Total stock-based compensation expense   459    201 
Schedule of Restricted Stock A summary of the changes in the Company’s restricted stock activity for the period ended September 30, 2024, are as follows:
   Numbers of
Shares
   Weighted
Average Grant
Date Fair Value
$
 
   (in thousands, expect per share data) 
Unvested and Outstanding as of June 30, 2024   651,939    3.91 
Granted   27,795    1.84 
Vested   (9,265)   (1.84)
Forfeited   
-
    
-
 
Unvested and Outstanding as of September 30, 2024   670,469    3.86 

 

Schedule of Stock Options A summary of the changes in the Company’s stock options activity for the period ended September 30, 2024, are as follows:
   Number of Shares   Weighted
Average
Exercise
Price
($)
   Weighted
Average
Remaining
Contractual
Term
(Years)
   Aggregate
Intrinsic
Value
(in thousands)
($)
 
Outstanding as of June 30, 2024   235,008    26.76    1.93    
        -
 
Granted   
-
    
-
    -    
-
 
Exercised   
-
    
-
    -    
-
 
Cancelled or forfeited   
-
    
-
    
-
    
-
 
Outstanding as of September 30, 2024   235,008    28.00    1.93    
-
 
Unvested as of September 30, 2024   14,001    24.26    4.01    
-