XML 15 R7.htm IDEA: XBRL DOCUMENT v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net loss $ (37,917) $ (21,751)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 66 87
Amortization of right-of-use assets 330 256
Unrealized loss on investment 0 1
Gain on extinguishment of liabilities (764) 0
Share-based compensation expense 17,426 830
Changes in operating assets and liabilities:    
Trade and other receivables 197 (176)
Prepaid and other assets (111) 645
Trade and other payables (2,378) 941
Accrued employee benefits (81) 39
Lease liabilities (356) (275)
Net cash used in operating activities (23,588) (19,403)
Cash flows from investing activities:    
Purchase of property and equipment (18) (179)
Net cash used in investing activities (18) (179)
Cash flows from financing activities:    
Proceeds from issuance of common stock, pre-funded warrants, and common warrants 30,460 70,883
Proceeds from exercise of pre-funded warrants, Series 2 warrants common warrants 42,344 3,038
Share and pre-funded warrants issuance transaction costs (2,319) (5,892)
Net cash provided by financing activities 70,485 68,029
Effects of exchange rate changes on cash, cash equivalents, and restricted cash 49 (8)
Net increase in cash, cash equivalents, and restricted cash 46,928 48,439
Cash, cash equivalents, and restricted cash, beginning of period 50,929 2,490
Cash, cash equivalents, and restricted cash, end of period 97,857 50,929
Supplemental disclosure of cash flow information:    
Initial measurement of operating lease right-of-use assets and liabilities 255 0
Re-measurement of operating lease right-of-use assets and liabilities 666 0
Deemed dividend $ 0 $ 619