Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.20.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Jun. 30, 2020
Current assets:    
Cash and cash equivalents, end of period $ 6,404 $ 9,955
Prepaid expenses and other 491 563
Total current assets 6,895 10,518
Right-of-use assets, net 325 383
Deferred offering costs 129 0
Property and equipment, net 30 33
Lease security deposits 31 31
Total assets 7,410 10,965
Current liabilities:    
Accounts payable 797 893
Accrued liabilities:    
Compensation and benefits 79 120
Insurance premiums 94 188
Other 300 180
Current portion of operating lease liabilities 245 245
Current portion of license fees payable to Xoma 1,409 1,600
Total current liabilities 2,924 3,226
License fees payable to Xoma, net of current portion 0 209
Operating lease liabilities, net of current portion 104 165
Total liabilities 3,028 3,600
Commitments and contingencies (Notes 4,7 and 12)
Stockholders' equity :    
Preferred Stock, $0.001 par value, 20,000 shares authorized; no shares issued and outstanding
Common Stock, $0.001 par value, 500,000 shares authorized; 5,867 shares issued and outstanding 6 6
Additional paid-in capital 155,232 154,595
Accumulated deficit (150,856) (147,236)
Total stockholders' equity 4,382 7,365
Total liabilities and stockholders' equity $ 7,410 $ 10,965