v3.25.2

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2025	Jun. 30, 2024
Current assets
Cash and cash equivalents	$ 3,100	$ 10,442
Short-term investments	15,108	21,474
Accounts receivable	485	77
Inventory, net:
Raw materials	2,194	2,038
Work-in-process	425	66
Finished goods	310	370
Prepaid expenses and other current assets	353	261
Total current assets	21,975	34,728
Property, Plant and Equipment, Net	2,395	2,763
Intangible assets, net	48	0
Operating lease assets	2,225	119
Other assets, net	346	30
Total assets	26,989	37,640
Liabilities, Current [Abstract]
Accounts payable	1,066	373
Payroll related accruals	529	1,174
Accrued expenses and other liabilities	451	754
Operating and Finance Leases, Liability, Current	405	227
Total current liabilities	2,451	2,528
Accrued expenses and other liabilities, net of current portion	164	232
Operating and Finance Leases, Liability, Noncurrent	2,274	73
Total liabilities	4,889	2,833
Commitments and contingencies (Note 13)
Stockholders’ equity
Convertible preferred stock, $0.001 par value, 2,500,000 shares authorized; 280,898 shares of Series D issued and outstanding at June 30, 2025 and 2024, respectively	0	0
Common stock, $0.001 par value, 250,000,000 shares authorized at June 30, 2025 and 2024 respectively; 1,769,269 and 1,712,045 shares issued at June 30, 2025 and 2024 respectively; 1,758,953 and 1,701,729 shares outstanding at June 30, 2025 and 2024, respectively	190,643	190,643
Treasury shares, 10,316 shares at June 30, 2025 and 2024, respectively	(119)	(119)
Additional paid-in capital	83,310	82,480
Accumulated deficit	(250,870)	(237,020)
Accumulated other comprehensive loss	(864)	(1,177)
Total stockholders’ equity	22,100	34,807
Total liabilities and stockholders’ equity	$ 26,989	$ 37,640

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