Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.20.4
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (10,717) $ (11,746)
Stock-based compensation expense 1,775 2,059
Depreciation and amortization expense 6 9
Non-cash lease expense 139 136
Fair value of warrants issued for services 6 73
Fair value of shares of Common Stock issued for services 7 0
Changes in operating assets and liabilities:    
Decrease (increase) in prepaid expenses and other assets (2) 423
Increase (decrease) in accounts payable (412) 690
Increase (decrease) in other accrued liabilities 1,193 (164)
Decrease in license fees payable to Xoma (1,809) (5,891)
Net Cash Used In Operating Activities (9,814) (14,411)
CASH FLOWS FROM INVESTING ACTIVITIES:    
CASH FLOWS FROM INVESTING ACTIVITIES 0 0
CASH FLOWS FROM FINANCING ACTIVITIES:    
Related parties 0 20,000
Others 0 4,050
Proceeds from issuance of Units 41,000 0
Payment of commissions and other deferred offering costs (3,541) (1,500)
Net Cash Provided by Financing Activities 37,459 22,550
Net increase in cash, cash equivalents and restricted cash 27,645 8,139
Cash, cash equivalents and restricted cash at beginning of period 9,955 11,573
Cash, cash equivalents and restricted cash at end of period 37,600 19,712
CASH, CASH EQUIVALENTS AND RESTRICTED CASH:    
Cash and cash equivalents, end of period 37,600 18,182
Restricted cash, end of period 0 1,530
Cash, cash equivalents and restricted cash at end of period 37,600 19,712
SUPPLEMENTARY CASH FLOW INFORMATION:    
Cash paid for interest 0 0
Cash paid for income taxes 0 0
Right-of-use assets acquired in exchange for operating lease liabilities 302 0
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Furniture and equipment received as inducement under operating lease 10 0
Payable for deferred offering costs $ 32 $ 0