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
 6 Months Ended
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (20,429) $ (10,717)
Share-based compensation expense 1,851 1,775
Accretion of debt discount and issuance costs 211  
Non-cash lease expense 159 139
Depreciation and amortization expense 7 6
Change in fair value of embedded derivative liability (4)  
Fair value of shares of common stock issued for services   7
Fair value of warrants issued for services   (6)
Changes in operating assets and liabilities:    
Decrease (increase) in prepaid expenses and other assets 238 (2)
Increase (decrease) in accounts payable 3,320 (412)
Increase in other accrued liabilities 1,109 1,193
Decrease in license fees payable to Xoma   (1,809)
Net Cash Used In Operating Activities (13,538) (9,814)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from Underwritten Public Offering 50,738  
Proceeds from Registered Direct Offering 5,000  
Proceeds from issuances of common stock 2,690  
Proceeds from issuance of Units   41,000
Payments for professional fees and other offering costs (3,430) (3,541)
Payments for debt discount and issuance costs (104)  
Net Cash Provided by Financing Activities 54,894 37,459
Net increase in cash, cash equivalents and restricted cash 41,356 27,645
Cash, cash equivalents and restricted cash at beginning of period 41,047 9,955
Cash, cash equivalents and restricted cash at end of period 82,403 37,600
CASH, CASH EQUIVALENTS AND RESTRICTED CASH:    
Cash and cash equivalents, end of period 77,403  
Restricted cash, end of period 5,000  
Total cash, cash equivalents and restricted cash, end of period 82,403 37,600
SUPPLEMENTARY CASH FLOW INFORMATION:    
Cash paid for interest 680  
Right-of-use assets acquired in exchange for operating lease liabilities   302
Cash paid for amounts included in the measurement of operating lease liabilities 184 140
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Issuance of commitment shares for deferred offering costs subsequently charged to additional paid-in capital $ 450  
Increase in payables for deferred offering costs   32
Furniture and equipment received as inducement under operating lease   $ 10