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Subsequent Events | 6 Months Ended
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Dec. 31, 2021
Subsequent Events |
Subsequent Events | Note 6. Subsequent Events Stock Options ​ On January 18, 2022, the Company granted stock options underlying 5,000 shares of common stock to an employee with a fair value of approximately $5,800. The options vest over a three-year period, and have a term of ten years. ​ On February 8, 2022, the Company granted stock options underlying 238,767 shares of common stock to the board of directors with a fair value of approximately $247,000. The options vest immediately. ​ Restricted Common Stock ​ On February 8, 2022, the Company issued 42,214 shares of restricted stock to employees. These shares vest over a three year period, with a one year cliff vesting period, and remain subject to forfeiture if vesting conditions are not met. The aggregate value of the stock award was $88,650 based on the market price of our common stock of $2.10 per share on the date of grant, which will be amortized over the three-year vesting period. ​ Line of Credit ​ On February 14, 2022, SVB provided a short-term extension of the maturity date of the Loan and Security Agreement to facilitate the completion of negotiations regarding the extension of the term and other provisions under the Loan and Security Agreement.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6842918&loc=SL6314017-165662 + Details
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