Rezolute, Inc. Quarterly report pursuant to Section 13 or 15(d)

STOCKHOLDERS' EQUITY (Tables)

9 Months Ended

Mar. 31, 2020

The following tables present changes in stockholders’ equity for the three months ended March 31, 2020 and 2019 (in thousands):


	Series AA						Additional				Total
	Preferred Stock			Common Stock			Paid-in		Accumulated		Stockholders’
	Shares	Amount		Shares	Amount		Capital		Deficit		Equity
Three Months Ended March 31, 2020:
Balances, December 31, 2019	—	$	—	293,321	$	293	$	153,044	$	(138,649)	$	14,688
Stock-based compensation	—		—	—		—		675		—		675
Fair value of warrants issued to consultants for services	—		—	—		—		3		—		3
Net loss	—		—	—		—		—		(5,040)		(5,040)
Balances, March 31, 2020	—	$	—	293,321	$	293	$	153,722	$	(143,689)	$	10,326


	Series AA							Additional				Total
	Preferred Stock				Common Stock			Paid-in		Accumulated		Stockholders’
	Shares	Amount			Shares	Amount		Capital		Deficit		Deficit
Three Months Ended March 31, 2019:
Balances, December 31, 2018	—	$	—		61,866	$	62	$	91,861	$	(101,711)	$	(9,788)
Stock-based compensation	—		—		—		—		695		—		695
Fair value of warrants:
Issued to consultants for services	—		—		—		—		4		—		4
Modification for debt discount to former member of Board of Directors	—		—		—		—		138		—		138
Beneficial conversion feature related to:
Fiscal 2018 Notes	—		—		—		—		2,233		—		2,233
Series AA Preferred Stock	—		—		—		—		2,273		(2,273)		—
Issuance of Series AA Preferred Stock for:
Cash, including Exclusivity Payment	2,500		25,000		—		—		—		—		25,000
Principal under Fiscal 2018 Notes	668		5,340		—		—		—		—		5,340
Accrued interest under Fiscal 2018 Notes	100		800		—		—		—		—		800
Net loss	—		—		—		—		—		(19,772)		(19,772)
Balances, March 31, 2019	3,268	$	31,140	(1)	61,866	$	62	$	97,204	$	(123,756)	$	4,650

(1)

Consists of the aggregate par value of approximately $3 and additional paid-in capital related to the Series AA Preferred Stock of $31,137.