Quarterly report pursuant to Section 13 or 15(d)

Unaudited Condensed Consolidated Balance Sheets

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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Jun. 30, 2020
Current assets:    
Cash and cash equivalents $ 31,989 $ 9,955
Prepaid expenses and other 206 563
Total current assets 32,195 10,518
Right-of-use assets, net 472 383
Deferred offering and debt issuance costs 221 0
Property and equipment, net 33 33
Lease security deposits 12 31
Total assets 32,933 10,965
Current liabilities:    
Accounts payable 811 893
Accrued liabilities:    
Compensation and benefits 180 120
Insurance premiums 0 188
Other 469 180
Derivative liability 1,807 0
Current portion of license fees payable to Xoma 0 1,600
Current portion of operating lease liabilities 321 245
Total current liabilities 3,588 3,226
Operating lease liabilities, net of current portion 213 165
License fees payable to Xoma, net of current portion 0 209
Total liabilities 3,801 3,600
Commitments and contingencies (Notes 4 and 8)
Stockholders' equity:    
Preferred Stock, $0.001 par value; 400 shares and 20,000 shares authorized as of March 31, 2021 and June 30, 2020, respectively; no shares issued and outstanding
Common Stock, $0.001 par value, 10,000 shares and 500,000 shares authorized as of March 31, 2021 and June 30, 2020, respectively; 8,352 and 5,867 shares issued and outstanding as of March 31, 2021 and June 30, 2020, respectively 8 6
Additional paid-in capital 190,772 154,595
Accumulated deficit (161,648) (147,236)
Total stockholders' equity 29,132 7,365
Total liabilities and stockholders' equity $ 32,933 $ 10,965