Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.20.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2020
Mar. 31, 2019
Research and development:        
Compensation and benefits, net of related party reimbursements $ 1,399 $ 869 $ 4,567 $ 1,798
Clinical trial costs 622   3,535 4
Consulting and outside services 1,278 135 2,736 308
Material manufacturing costs 284 9 725 554
Licensing costs   14,026   14,026
Facilities and other 150 83 442 671
Total research and development 3,733 15,122 12,005 17,361
General and administrative:        
Compensation and benefits 762 1,101 3,079 3,733
Professional fees 319 394 952 659
Facilities and other 256 431 933 962
Total general and administrative 1,337 1,926 4,964 5,354
Loss (gain) on sale of equipment   (11) 0 12
Impairment of long-lived assets     0 33
Net operating expenses 5,070 17,037 16,969 22,760
Operating loss (5,070) (17,037) (16,969) (22,760)
Non-operating income (expense):        
Interest and other income 30 12 183 407
Interest expense:        
Beneficial conversion feature   (2,233)   (2,233)
Accretion of debt discount   (472)   (2,053)
At contractual rate   (42)   (660)
Total non-operating income (expense) 30 (2,735) 183 (4,539)
Net loss (5,040) (19,772) (16,786) (27,299)
Net loss attributable to common stockholders $ (5,040) $ (22,045) $ (16,786) $ (29,572)
Net loss per common share - basic and diluted $ (0.02) $ (0.36) $ (0.06) $ (0.48)
Weighted average number of common shares outstanding - basic and diluted 293,321 61,866 285,972 62,053