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CYBERSECURITY INCIDENT | 9 Months Ended
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Mar. 31, 2025
Cybersecurity Incident |
CYBERSECURITY INCIDENT |
13. | CYBERSECURITY INCIDENT
On February 14, 2025, the Company became aware of unauthorized third-party access to its information systems, including portions of its email systems, that resulted in misdirected vendor payments totaling approximately $506 (the “cybersecurity incident”). The Company self-discovered the cybersecurity incident and promptly notified certain financial institutions and federal law enforcement in an effort to, among other matters, recover the misdirected vendor payments. In addition, upon discovery of the cybersecurity incident, the Company took steps to investigate, contain, assess, and remediate the cybersecurity incident. As a result of the investigation, the Company determined that the cybersecurity incident was limited to the misdirected vendor payments noted above. To date, the Company has not recovered any funds, and as a result, the Company recorded a one-time charge of $506 to other operating expenses in the condensed consolidated statements of operations. Recoveries, if any, will be recognized as a gain in the period that the funds are received. The Company incurred approximately $10 in professional service fees in connection with the investigation and initial remediation related to this incident.

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