v3.25.4

Operating Leases | 6 Months Ended
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Dec. 31, 2025
Operating Leases |
Operating Leases | Note 4 — Operating Leases The carrying value of all right-of-use assets and operating lease liabilities is as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, | ​ | June 30,
​ | ​ ​ ​ | 2025 | ​ ​ ​ | 2025
Right-of-use assets | ​ | $ | 1,064 | ​ | $ | 1,348
​ | ​ | ​ | ​ | ​ | ​ | ​
Operating lease liabilities: | ​ |  | ​ | ​ |  | ​
Current | ​ | $ | 666 | ​ | $ | 632
Long-term | ​ |  | 619 | ​ |  | 983
Total | ​ | $ | 1,285 | ​ | $ | 1,615
​ For the three and six months ended December 31, 2025 and 2024, operating lease expense is included under the following captions in the accompanying unaudited condensed consolidated statements of operations and comprehensive loss (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended
​ | ​ | December 31, | ​ | December 31,
​ | ​ ​ ​ | 2025 | ​ ​ ​ | 2024 | ​ | 2025 | ​ ​ ​ | 2024
Research and development | ​ | $ | 120 | ​ | $ | 119 | ​ | $ | 240 | ​ | $ | 238
General and administrative | ​ |  | 57 | ​ |  | 48 | ​ |  | 104 | ​ |  | 96
Total | ​ | $ | 177 | ​ | $ | 167 | ​ | $ | 344 | ​ | $ | 334
​ As of December 31, 2025, the weighted average remaining lease term under operating leases was 1.8 years, and the weighted average discount rate used to determine the operating lease liabilities was 7.1%. Future cash payments under all operating lease agreements as of December 31, 2025 are as follows (in thousands): ​
​ | ​ | ​ | ​
Fiscal year ending June 30, | ​ ​ ​ | ​ | ​
Remainder of fiscal year 2026 | ​ | $ | 389
2027 | ​ | ​ | 750
2028 | ​ | ​ | 224
Total lease payments | ​ | ​ | 1,363
Less imputed interest | ​ |  | (78)
Present value of operating lease liabilities | ​ | $ | 1,285
​

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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