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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net loss $ (5,420) $ (726)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 64 12
Share-based compensation expense 459 201
Repayment of lease liabilities 52 (25)
Unrealized loss on foreign currency remeasurement 5 2
Change in operating assets and liabilities:    
Prepaid expenses and other current assets 177 (601)
R&D tax incentive (839) (3,975)
Trade and other payables 1,067 (250)
Accrued expenses and other current liabilities 2,242 (387)
Net cash used in operating activities (2,193) (5,749)
Cash flows from investing activities:    
Purchase of property, plant and equipment (221)
Net cash used in investing activities (221)
Cash flows from financing activities:    
Repayment of lease liabilities (52)
Net cash provided by financing activities (52)
Effect of exchange rate changes on cash and cash equivalents 14 128
Net decrease in cash and cash equivalents (2,231) (5,842)
Cash and cash equivalents at beginning of period 5,858 22,120
Cash and cash equivalents at end of period $ 3,627 $ 16,278