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Share-Based Compensation (Tables)

9 Months Ended

Mar. 31, 2026

Share-Based Compensation

Schedule of Components of Share-Based Compensation Expenses in the Condensed Consolidated Statements of Operations and Comprehensive Loss

The following table summarizes the components of share-based compensation expense in the condensed consolidated statements of operations and comprehensive loss (in thousands):

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​ ​ ​

Three Months Ended

​

Nine Months Ended

​

​

March 31,

​

March 31,

​

​ ​ ​

2026

​ ​ ​

2025

​

2026

​ ​ ​

2025

Research and development

​

$

38

​

$

14

​

$

72

​

$

37

General and administrative

​

339

​

356

​

881

​

1,223

Total

​

$

377

​

$

370

​

$

953

​

$

1,260

Schedule of Stock Option Issuances During Period

Issuances of stock options during the nine months ended March 31, 2026 were as follows:

​	​	​	​	​	​	​	​	​	​	​
Grantee	​	Plan	​	# of Options	​	Exercise Price	​	Vesting	​	Term
Employee	​	2023 Plan	​	423,000	​	$1.83 - $2.15	​	25% 1st year and quarterly thereafter	​	10 years
Directors	​	2023 Plan	​	81,000	​	$1.00	​	Monthly over one year	​	10 years
Executive Officers		2023 Plan		310,000		$0.893		25% 1st year and quarterly thereafter		10 years
Executive Officers		2023 Plan		804,000		$2.23		25% 1st year and quarterly thereafter		10 years
Total	​	​	​	1,618,000	​	​	​	​	​	​

Schedule of Black-Scholes Option Pricing Model Assumptions Used in Determining Fair Value of Stock Options Granted

​

​	​	​	​
Weighted-average risk-free interest rate	​	3.64% - 3.94	%
Dividend yield		0	%
Volatility		229.25% - 233.93	%
Expected term (in years)		5.7 - 6.3

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Tabular disclosure of share-based payment arrangement.

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-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
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Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

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