v3.24.3

Discontinued Operations (Details) |  |  |  |  | 3 Months Ended | 12 Months Ended
--- | --- | --- | --- | --- | --- | ---
May 31, 2024 USD ($) $ / shares shares | Mar. 30, 2023 USD ($) | Feb. 17, 2023 USD ($) | Nov. 03, 2022 USD ($) | Dec. 31, 2023 USD ($) | Jun. 30, 2023 USD ($) | Jun. 30, 2024 USD ($) | Jun. 30, 2023 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] |  |  |  |  |  |  |  |
Net proceeds from auctioned equipment |  |  |  |  |  |  | $ 116,000 | $ 2,600,000
Loss recorded in discontinued operations |  |  |  |  |  |  | 9,464,000 | 35,699,000
Fixed asset impairment charge |  |  |  |  |  |  | 3,100,000 | 17,900,000
Inventory write-down to net realizable value |  |  |  |  |  |  |  | 4,915,000
Gain on extinguishment of debt |  |  |  |  |  |  | 808,000 |
iBio CDMO, LLC | Discontinued Operations |  |  |  |  |  |  |  |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] |  |  |  |  |  |  |  |
Net proceeds from auctioned equipment |  |  |  |  |  |  | 50,000 | 2,600,000
Percentage of workforce reduction |  |  |  | 60.00% |  |  |  |
Number of positions reduced |  |  |  | 69 |  |  |  |
Pre-tax employee reduction expenses |  |  |  |  |  |  |  | 1,900,000
Transition period for terminated employees |  |  |  | 60 days |  |  |  |
Loss recorded in discontinued operations |  |  |  |  |  |  | 9,464,000 | 35,699,000
Fixed asset impairment charge |  |  |  |  |  |  | 3,100,000 | 17,900,000
Inventory write-down to net realizable value |  |  |  |  |  |  |  | 4,915,000
Personnel and severance costs |  |  |  |  |  |  |  | 7,500,000
Interest charges on term note |  |  |  |  |  |  | 1,149,000 | 900,000
Loss on sale of fixed assets |  |  |  |  |  |  | 4,816,000 | (773,000)
Gain on extinguishment of debt |  |  |  |  |  |  | 808,000 |
iBio CDMO, LLC | Discontinued Operations | Fair Value, Nonrecurring | Level 3 |  |  |  |  |  |  |  |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] |  |  |  |  |  |  |  |
Fixed asset impairment charge |  |  |  |  |  |  |  | 17,900,000
iBio CDMO, LLC | Discontinued Operations | Facility | Fair Value, Nonrecurring | Level 3 |  |  |  |  |  |  |  |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] |  |  |  |  |  |  |  |
Fixed asset impairment charge |  |  |  |  | $ 3,100,000 | $ 300,000 |  | $ 6,300,000
iBio CDMO, LLC | Discontinued Operations | 2024 Purchase and Sale Agreement - The Board of Regents |  |  |  |  |  |  |  |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] |  |  |  |  |  |  |  |
Loss on sale of fixed assets |  |  |  |  |  |  | 4,800,000 |
Gain on extinguishment of debt |  |  |  |  |  |  | 800,000 |
iBio CDMO, LLC | Discontinued Operations | 2024 Purchase and Sale Agreement - The Board of Regents | Facility |  |  |  |  |  |  |  |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] |  |  |  |  |  |  |  |
Loss on sale of fixed assets |  |  |  |  |  |  | $ 4,800,000 |
iBio CDMO, LLC | Discontinued Operations | The Auctioneers | Auction Sale Agreement |  |  |  |  |  |  |  |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] |  |  |  |  |  |  |  |
Guaranteed minimum proceeds for auctioned equipment |  |  | $ 2,100,000 |  |  |  |  |
Net proceeds from auctioned equipment |  | $ 2,600,000 |  |  |  |  |  |
Final sale price for auctioned equipment |  | $ 2,900,000 |  |  |  |  |  |
Excess proceeds from auctioned equipment (percentage) |  | 80.00% |  |  |  |  |  |
Fees for auctioned equipment |  | $ 200,000 |  |  |  |  |  |
iBio CDMO, LLC | Discontinued Operations | Woodforest National Bank | Settlement Agreement |  |  |  |  |  |  |  |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] |  |  |  |  |  |  |  |
Proceeds from sale of property paid to Woodforest to settle debt | $ 8,500,000 |  |  |  |  |  |  |
Cash payments to settle debt | $ 915,000 |  |  |  |  |  |  |
iBio CDMO, LLC | Discontinued Operations | Woodforest National Bank | Settlement Agreement | Pre-Funded Warrants |  |  |  |  |  |  |  |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] |  |  |  |  |  |  |  |
Warrants issued to settle debt | shares | 1,560,570 |  |  |  |  |  |  |
Exercise price per share of warrants | $ / shares | $ 0.0001 |  |  |  |  |  |  |

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