Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Jun. 30, 2024
Current assets:    
Cash and cash equivalents $ 7,015,000 $ 14,210,000
Subscription receivable 13,000  
Promissory note receivable and accrued interest   713,000
Prepaid expenses and other current assets 1,257,000 749,000
Total Current Assets 8,285,000 15,672,000
Restricted cash 223,000 215,000
Promissory note receivable 1,115,000 1,081,000
Finance lease right-of-use assets, net of accumulated amortization 203,000 339,000
Operating lease right-of-use asset 2,230,000 2,401,000
Fixed assets, net of accumulated depreciation 3,391,000 3,632,000
Intangible assets, net of accumulated amortization 6,108,000 5,368,000
Prepaid expenses - noncurrent 116,000  
Security deposits 26,000 26,000
Total Assets 21,697,000 28,734,000
Current liabilities:    
Accounts payable 614,000 358,000
Accrued expenses 1,835,000 2,028,000
Finance lease obligations - current portion 205,000 299,000
Operating lease obligation - current portion 462,000 436,000
Equipment financing payable - current portion 155,000 178,000
Term promissory note - current portion 237,000 218,000
Insurance premium financing payable 601,000 123,000
Contract liabilities 600,000 200,000
Total Current Liabilities 4,709,000 3,840,000
Finance lease obligations - net of current portion   53,000
Operating lease obligation - net of current portion 2,450,000 2,688,000
Equipment financing payable - net of current portion   63,000
Term promissory note - net of current portion 643,000 766,000
Total Liabilities 7,802,000 7,410,000
Stockholders' Equity    
Common Stock - $0.001 par value; 275,000,000 shares authorized at December 31, 2024 and June 30, 2024; 9,167,670 and 8,623,676 shares issued and outstanding as of December 31, 2024 and June 30, 20243, respectively 9,000 9,000
Additional paid-in capital 336,086,000 335,162,000
Accumulated deficit (322,200,000) (313,847,000)
Total Stockholders' Equity 13,895,000 21,324,000
Total Liabilities and Stockholders' Equity $ 21,697,000 $ 28,734,000