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
 9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (31,637) $ (14,412)
Share-based compensation expense 2,701 2,305
Accretion of debt discount and issuance costs 319  
Non-cash lease expense 221 214
Depreciation and amortization expense 10 10
Loss (gain) from change in fair value of derivative liabilities 8 (1,784)
Fair value of warrants issued for services   8
Fair value of shares of common stock issued for services   7
Changes in operating assets and liabilities:    
Decrease in prepaid expenses and other assets 17 376
Increase (decrease) in accounts payable 548 (81)
Increase (decrease) in other accrued liabilities 307 (45)
Decrease in license fees payable to Xoma   (1,809)
Net Cash Used In Operating Activities (27,506) (15,211)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from 2021 Underwritten Public Offering 50,738  
Proceeds from 2021 Registered Direct Offering 5,000  
Proceeds from issuance of Units   41,000
Payment of commissions and other deferred offering costs (3,449) (3,680)
Payments for debt discount and issuance costs (104) (75)
Proceeds from issuances of common stock 2,690  
Net Cash Provided by Financing Activities 54,875 37,245
Net increase in cash, cash equivalents and restricted cash 27,369 22,034
Cash, cash equivalents and restricted cash at beginning of period 41,047 9,955
Cash, cash equivalents and restricted cash at end of period 68,416 31,989
CASH, CASH EQUIVALENTS AND RESTRICTED CASH:    
Cash and cash equivalents, end of period 63,416 31,989
Restricted cash, end of period 5,000  
Total cash, cash equivalents and restricted cash, end of period 68,416 31,989
SUPPLEMENTARY CASH FLOW INFORMATION:    
Cash paid for interest 1,011  
Right-of-use assets acquired in exchange for operating lease liabilities   302
Cash paid for amounts included in the measurement of operating lease liabilities 254 275
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Issuance of commitment shares for deferred offering costs subsequently charged to additional paid-in capital $ 450  
Reclassification of warrants and stock options from equity to derivative liability due to authorized share deficiency   3,591
Increase in payables for debt issuance costs   16
Furniture and equipment received as inducement under operating lease   $ 10