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Balance Sheet Details (Tables)
12 Months Ended
Jun. 30, 2025
Balance Sheet Related Disclosures [Abstract]  
Schedule of 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

 

Schedule of Property and Equipment 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.

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.