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
Dec. 31, 2021
Jun. 30, 2021
Current assets:    
Cash and cash equivalents $ 77,403 $ 41,047
Prepaid expenses and other 695 946
Total current assets 78,098 41,993
Restricted cash 5,000 0
Right-of-use assets, net 237 396
Deferred offering costs and other 48 191
Property and equipment, net 22 29
Total assets 83,405 42,609
Current liabilities:    
Accounts payable 4,349 1,035
Accrued liabilities:    
Compensation and benefits 1,472 77
Insurance premiums   242
Other 477 349
Current portion of operating lease liabilities 147 265
Total current liabilities 6,445 1,968
Long term debt, net of discount 14,178 13,968
Embedded derivative liability 383 387
Operating lease liabilities, net of current portion 134 187
Total liabilities 21,140 16,510
Commitments and contingencies (Notes 4 and 8)
Shareholders' equity:    
Preferred Stock, $0.001 par value; 400 shares shares authorized; no shares issued and outstanding
Common Stock, $0.001 par value, 40,000 shares authorized ; 15,556 and 8,352 shares issued and outstanding as of December 31, 2021 and June 30, 2021, respectively 16 8
Additional paid-in capital 250,816 194,229
Accumulated deficit (188,567) (168,138)
Total shareholders' equity 62,265 26,099
Total liabilities and shareholders' equity $ 83,405 $ 42,609