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
Sep. 30, 2021
Jun. 30, 2021
Current assets:    
Cash and cash equivalents $ 37,292 $ 41,047
Prepaid expenses and other 1,053 946
Total current assets 38,345 41,993
Right-of-use assets, net 317 396
Deferred offering costs and other 72 191
Property and equipment, net 26 29
Total assets 38,760 42,609
Current liabilities:    
Accounts payable 1,592 1,035
Accrued liabilities:    
Compensation and benefits   77
Insurance premiums 121 242
Other 679 349
Current portion of operating lease liabilities 206 265
Total current liabilities 2,598 1,968
Long term debt, net of discount 14,071 13,968
Embedded derivative liabilities 371 387
Operating lease liabilities, net of current portion 161 187
Total liabilities 17,201 16,510
Commitments and contingencies (Notes 4 and 8)
Shareholders' equity:    
Preferred Stock, $0.001 par value; 400 shares shares authorized as of September 30, 2021 and June 30, 2021; no shares issued and outstanding
Common Stock, $0.001 par value, 40,000 shares authorized as of September 30, 2021 and June 30, 2021; 8,640 and 8,352 shares issued and outstanding as of September 30, 2021 and June 30, 2021, respectively 9 8
Additional paid-in capital 197,524 194,229
Accumulated deficit (175,974) (168,138)
Total shareholders' equity 21,559 26,099
Total liabilities and shareholders' equity $ 38,760 $ 42,609