v3.25.4
Balance Sheet Details (Tables)
6 Months Ended
Dec. 31, 2025
Balance Sheet Related Disclosures [Abstract]  
Schedule of Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following, in thousands:

 

 

December 31, 2025

 

 

June 30, 2025

 

Asset management fee

 

$

1,061

 

 

$

 

Insurance

 

 

992

 

 

 

176

 

Software license

 

 

35

 

 

 

39

 

Other

 

 

66

 

 

 

59

 

Total prepaid and other current assets

 

$

2,154

 

 

$

274

 

Accrued Liabilities

Accrued liabilities consisted of the following, in thousands:

 

 

 

 

 

 

 

 

 

December 31, 2025

 

 

June 30, 2025

 

Accrued compensation and benefits(1)

 

$

408

 

 

$

873

 

Accrued legal and professional services

 

 

242

 

 

 

144

 

Accrued pre-clinical and clinical trial expenses

 

 

18

 

 

 

134

 

Derivative liabilities - Covered Call Options

 

 

28

 

 

 

 

Other

 

 

64

 

 

 

27

 

Total accrued liabilities

 

$

760

 

 

$

1,178

 

________________

(1) Includes employee termination benefits of approximately $0.7 million as of June 30, 2025, as more fully described in Note 6. Employee Termination Benefits.