Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Jun. 30, 2019
Current assets:    
Cash and cash equivalents $ 18,182 $ 11,573
Restricted cash 1,530 0
Prepaid expenses and other 257 571
Total current assets 19,969 12,144
Right-of-use assets, net 497 0
Property and equipment, net 38 44
Intangible assets, net 26 29
Lease security deposits 35 35
Total assets 20,565 12,252
Current liabilities:    
Accounts payable 1,253 563
Accrued liabilities:    
Compensation and benefits 800 790
Other 641 526
Current portion of license fees payable to Xoma 2,609 6,500
Current portion of operating lease liabilities 239 0
Total current liabilities 5,542 8,379
Operating lease liabilities, net of current portion 287 0
Other non-current liabilities 48 121
License fees payable to Xoma, net of current portion 0 2,000
Total liabilities 5,877 10,500
Commitments and contingencies (Notes 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 December 31, 2019 and June 30, 2019, respectively 293 210
Additional paid-in capital 153,044 128,445
Accumulated deficit (138,649) (126,903)
Total stockholders' deficit 14,688 1,752
Total liabilities and stockholders' deficit $ 20,565 $ 12,252