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Balance Sheet Details | 12 Months Ended
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Jun. 30, 2025
Balance Sheet Related Disclosures [Abstract] |
Balance Sheet Details | Note 3. Balance Sheet Details Prepaid and Other Current Assets Prepaid and other current assets consisted of the following in thousands:
|  | June 30, 2025 |  |  | June 30, 2024 |
Insurance |  | $ | 176 |  |  | $ | 460 |
Software license |  |  | 39 |  |  |  | 442 |
Security deposit |  |  | — |  |  |  | 263 |
Prepaid clinical costs |  |  | — |  |  |  | 1,050 |
Other |  |  | 59 |  |  |  | 209 |
Total prepaid and other current assets |  | $ | 274 |  |  | $ | 2,424 |
Property and Equipment As of June 30. 2025, we had no property and equipment, net. Property and equipment, net consisted of the following as of June 30, 2024, in thousands:
|  | June 30, 2024 |
Furniture and fixtures |  | $ | 1,000 |
Equipment |  |  | 187 |
Leasehold improvements |  |  | 969 |
|  |  | 2,156 |
Less: accumulated depreciation (1) |  |  | (1,764 | )
Property and equipment, net (2) |  | $ | 392 |
_____ (1) Includes impairment charge of $0.5 million during fiscal year 2024, see below discussion on Impact of the Agreement (as discussed in Note 9. Leases). (2) During fiscal 2025, upon termination of our lease, we either sold or disposed of all property and equipment. Depreciation expense of property and equipment for the fiscal years ended June 30, 2025 and 2024 are presented in the consolidated statements of cash flows. Impact of the Agreement (as discussed in Note 9. Leases) As noted in Note 9. Leases, we agreed to sell our furniture and fixtures to the landlord for $1.00 on our lease termination date of September 30, 2024. We completed an evaluation of the impact of the Agreement, as defined in Note 9. Leases, on the carrying value of our property and equipment (Other Long-Lived Assets). This process included evaluating the remaining estimated useful lives, significant changes in the use and potential impairment charges related to the Other Long-Lived Assets. Based upon our evaluation, we recorded an impairment charge of approximately $0.5 million for the furniture and fixtures to be sold to the landlord, which is included in the impairment of long-lived assets in the consolidated statements of operations. We also changed our estimate of the remaining useful lives of our leasehold improvements resulting in an acceleration of depreciation of approximately $0.1 million during our fiscal year ended June 30, 2024. Accrued Liabilities Accrued liabilities consisted of the following, in thousands:
|  | June 30, 2025 |  |  | June 30, 2024 |
Accrued pre-clinical and clinical trial expenses |  | $ | 134 |  |  | $ | 1,407 |
Accrued compensation and benefits(1) |  |  | 873 |  |  |  | 2,821 |
Accrued legal and professional services |  |  | 144 |  |  |  | 33 |
Accrued reimbursement to KKC |  |  | — |  |  |  | 892 |
Other |  |  | 27 |  |  |  | 34 |
Total accrued liabilities |  | $ | 1,178 |  |  | $ | 5,187 |
________ (1) Includes one-time employee benefits of approximately $0.7 million and $21,000 for the fiscal years ended June 30, 2025 and 2024, respectively.

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- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/210/tableOfContent + Details
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