v3.25.4

Financial Instruments and Significant Concentrations (Tables) | 6 Months Ended
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Dec. 31, 2025
Financial Instruments and Significant Concentrations |
Schedule of financial assets measured at fair value on a recurring basis | The following tables present information about the Company’s financial assets measured at fair value on a recurring basis and indicates the fair value hierarchy classification as of December 31, 2025 and June 30, 2025 (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​
​ | ​ | Fair Value Measurement of Assets as of December 31, 2025
​ | ​ | Total | ​ | Level 1 | ​ | Level 2 | ​ | Level 3
Cash and cash equivalents: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Money market funds | ​ | $ | 8,126 | ​ | $ | 8,126 | ​ | $ | — | ​ | $ | —
Marketable debt securities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Corporate commercial paper | ​ | ​ | 40,452 | ​ | ​ | — | ​ | ​ | 40,452 | ​ | ​ | —
U.S. Government agencies | ​ | ​ | 1,270 | ​ | ​ | — | ​ | ​ | 1,270 | ​ | ​ | —
U.S. Government treasuries | ​ | ​ | 1,750 | ​ | ​ | — | ​ | ​ | 1,750 | ​ | ​ | —
Corporate notes and bonds | ​ | ​ | 77,522 | ​ | ​ | — | ​ | ​ | 77,522 | ​ | ​ | —
Total | ​ | $ | 129,120 | ​ | $ | 8,126 | ​ | $ | 120,994 | ​ | $ | —
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Fair Value Measurement of Assets as of June 30, 2025
​ | ​ | Total | ​ | Level 1 | ​ | Level 2 | ​ | Level 3
Cash and cash equivalents: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Money market funds | ​ | $ | 86,059 | ​ | $ | 86,059 | ​ | $ | — | ​ | $ | —
Corporate commercial paper | ​ | ​ | 1,000 | ​ | ​ | — | ​ | ​ | 1,000 | ​ | ​ | —
U.S. Government treasuries | ​ | ​ | 1,996 | ​ | ​ | — | ​ | ​ | 1,996 | ​ | ​ | —
Marketable debt securities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Corporate commercial paper | ​ | ​ | 16,588 | ​ | ​ | — | ​ | ​ | 16,588 | ​ | ​ | —
U.S. Government agencies | ​ | ​ | 5,445 | ​ | ​ | — | ​ | ​ | 5,445 | ​ | ​ | —
U.S. Government treasuries | ​ | ​ | 1,484 | ​ | ​ | — | ​ | ​ | 1,484 | ​ | ​ | —
Corporate notes and bonds | ​ | ​ | 50,234 | ​ | ​ | — | ​ | ​ | 50,234 | ​ | ​ | —
Total | ​ | $ | 162,806 | ​ | $ | 86,059 | ​ | $ | 76,747 | ​ | $ | —
Schedule of changes in the fair value of the company's embedded derivative liability, fair value, level 3 inputs | The following table sets forth changes in the fair value of the Company’s embedded derivative liability for which fair value was determined on a recurring basis for the six months ended December 31, 2025 and 2024 (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​
​ | 2025 | ​ | 2024
Fair value, beginning of period | $ | 468 | ​ | $ | 468
Changes in fair value | ​ | 15 | ​ | ​ | 9
Fair value, end of period | $ | 483 | ​ | $ | 477

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- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- Definition Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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