Quarterly report pursuant to Section 13 or 15(d)

Unaudited Condensed Consolidated Balance Sheets

v3.20.4
Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Jun. 30, 2020
Current assets:    
Cash and cash equivalents $ 37,600 $ 9,955
Prepaid expenses and other 554 563
Total current assets 38,154 10,518
Right-of-use assets, net 547 383
Deferred offering costs 122 0
Property and equipment, net 36 33
Lease security deposits 43 31
Total assets 38,902 10,965
Current liabilities:    
Accounts payable 612 893
Accrued liabilities:    
Compensation and benefits 1,264 120
Insurance premiums 0 188
Other 543 180
Current portion of license fees payable to Xoma 0 1,600
Current portion of operating lease liabilities 316 245
Total current liabilities 2,735 3,226
Operating lease liabilities, net of current portion 281 165
License fees payable to Xoma, net of current portion 0 209
Total liabilities 3,016 3,600
Commitments and contingencies (Notes 4 and 7)
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; 8,352 and 5,867 shares issued and outstanding as of December 31, 2020 and June 30, 2020, respectively 8 6
Additional paid-in capital 193,831 154,595
Accumulated deficit (157,953) (147,236)
Total stockholders' equity 35,886 7,365
Total liabilities and stockholders' equity $ 38,902 $ 10,965