Annual report pursuant to Section 13 and 15(d)

Discontinued Operations (Details)

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