Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.21.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Jun. 30, 2020
Current assets:    
Cash and cash equivalents $ 41,047 $ 9,955
Prepaid expenses and other 946 563
Total current assets 41,993 10,518
Right-of-use assets, net 396 383
Deferred offering costs and other 191 31
Property and equipment, net 29 33
Total assets 42,609 10,965
Current liabilities:    
Accounts payable 1,035 893
Accrued liabilities:    
Insurance premiums 242 188
Compensation and benefits 77 120
Other 349 180
Current portion of operating lease liabilities 265 245
Current portion of license fees payable to Xoma 0 1,600
Total current liabilities 1,968 3,226
Long term debt, net of discount 13,968 0
Operating lease liabilities, net of current portion 187 165
Embedded derivative liabilities 387 0
License fees payable to Xoma, net of current portion 0 209
Total liabilities 16,510 3,600
Commitments and contingencies (Notes 4 and 8)
Stockholders' equity:    
Preferred Stock, $0.001 par value; 400 shares and 20,000 shares authorized as of March 31, 2021 and June 30, 2020, respectively; no shares issued and outstanding
Common Stock, $0.001 par value, 10,000 shares and 500,000 shares authorized as of March 31, 2021 and June 30, 2020, respectively; 8,352 and 5,867 shares issued and outstanding as of March 31, 2021 and June 30, 2020, respectively 8 6
Additional paid-in capital 194,229 154,595
Accumulated deficit (168,138) (147,236)
Total stockholders' equity 26,099 7,365
Total liabilities and stockholders' equity $ 42,609 $ 10,965