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, 2022
Jun. 30, 2021
Current assets:    
Cash and cash equivalents $ 63,416 $ 41,047
Prepaid expenses and other 915 946
Total current assets 64,331 41,993
Restricted cash 5,000  
Right-of-use assets, net 175 396
Deferred offering costs and other 48 191
Property and equipment, net 19 29
Total assets 69,573 42,609
Current liabilities:    
Accounts payable 1,557 1,035
Accrued liabilities:    
Insurance premiums   242
Compensation and benefits 450 77
Other 764 349
Current portion of operating lease liabilities 107 265
Total current liabilities 2,878 1,968
Long-term liabilities:    
Long term debt, net of discount 14,286 13,968
Operating lease liabilities, net of current portion 107 187
Embedded derivative liabilities 395 387
Total liabilities 17,666 16,510
Commitments and contingencies (Notes 4 and 8)
Shareholders' equity:    
Preferred Stock, $0.001 par value; 400 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 March 31, 2022 and June 30, 2021, respectively 16 8
Additional paid-in capital 251,666 194,229
Accumulated deficit (199,775) (168,138)
Total shareholders' equity 51,907 26,099
Total liabilities and shareholders' equity $ 69,573 $ 42,609