Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.19.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2019
Jun. 30, 2019
Current assets:    
Cash and cash equivalents $ 22,104 $ 11,573
Restricted Cash 3,111 0
Receivables from related parties 247 0
Prepaid expenses and other 454 571
Total current assets 25,916 12,144
Right-of-use assets 552 0
Property and equipment, net 41 44
Intangible assets, net 28 29
Lease security deposits 35 35
Total assets 26,572 12,252
Current liabilities:    
Accounts payable 1,320 563
Accrued Liabilities :    
Compensation and benefits 201 790
Other 159 526
Current portion of license fees payable to Xoma 3,609 6,500
Current portion of operating lease liabilities 234 0
Total current liabilities 5,523 8,379
Operating lease liabilities, net of current portion 346 0
Other non-current liabilities 85 121
License fees payable to Xoma, net of current portion 0 2,000
Total liabilities 5,954 10,500
Commitments and contingencies (Notes 4, 5 and 7)
Stockholders' equity :    
Preferred Stock, $0.001 par value; 20,000 shares authorized, no shares issued
Common Stock, $0.001 par value, 500,000 shares authorized; 293,321 and 210,390 shares issued and outstanding as of September 30, 2019 and June 30, 2019, respectively 293 210
Additional paid-in capital 152,308 128,445
Accumulated deficit (131,983) (126,903)
Total stockholders' deficit 20,618 1,752
Total liabilities and stockholders' deficit $ 26,572 $ 12,252