Quarterly report pursuant to Section 13 or 15(d)

Unaudited Condensed Consolidated Statements of Cash Flows

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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Sep. 30, 2021
Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (7,836) $ (3,620)
Share-based compensation expense 842 634
Accretion of debt discount and issuance costs 104 0
Non-cash lease expense 78 59
Depreciation and amortization expense 4 3
Fair value of warrants issued for services   3
Change in fair value of derivative liability (16) 0
Changes in operating assets and liabilities:    
(Increase) Decrease in prepaid expenses and other assets (96) 72
Increase (decrease) in accounts payable 555 (107)
Increase (decrease) in other accrued liabilities 24 (195)
Decrease in license fees payable to Xoma   (400)
Net Cash Used In Operating Activities (6,341) (3,551)
CASH FLOWS FROM INVESTING ACTIVITIES:    
CASH FLOWS FROM INVESTING ACTIVITIES   0
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from Issuance of Common Stock 2,690 0
Cash payments for debt discount and issuance costs (104) 0
Net Cash Provided by Financing Activities 2,586 0
Net decrease in cash, cash equivalents and restricted cash (3,755) (3,551)
Cash, cash equivalents and restricted cash at beginning of period 41,047 9,955
Cash, cash equivalents and restricted cash at end of period 37,292 6,404
SUPPLEMENTARY CASH FLOW INFORMATION:    
Cash paid for interest 340 0
Cash paid for income taxes   0
Cash paid for amounts included in the measurement of operating lease liabilities 92 70
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Issuance of commitment shares for deferred offering costs subsequently charged to equity 450 0
Increase in payables for deferred offering costs $ 24 $ 0