Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets

v3.25.3
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2025
Jun. 30, 2025
Current assets:    
Cash and cash equivalents $ 28,111,000 $ 8,582,000
Accounts receivable - trade 65,000  
Investments in debt securities (adjusted cost $21,471 and $0, respectively - see Note 6) 21,456,000  
Subscription receivable   105,000
Prepaid expenses and other current assets 1,140,000 1,034,000
Total Current Assets 50,772,000 9,721,000
Restricted cash 228,000 210,000
Promissory note receivable 1,118,000 1,098,000
Finance lease right-of-use assets, net of accumulated amortization   68,000
Operating lease right-of-use asset 1,958,000 2,051,000
Fixed assets, net of accumulated depreciation 3,210,000 3,163,000
Intangible assets, net of accumulated amortization 6,843,000 6,848,000
Security deposits 26,000 26,000
Total Assets 64,155,000 23,185,000
Current liabilities:    
Accounts payable 2,822,000 2,188,000
Accrued expenses 850,000 1,345,000
Finance lease obligations   53,000
Operating lease obligation - current portion 504,000 490,000
Equipment financing payable - current portion 16,000 64,000
Term promissory note 706,000 766,000
Contract liabilities 1,150,000 1,200,000
Total Current Liabilities 6,048,000 6,106,000
Operating lease obligation - net of current portion 2,068,000 2,199,000
Total Liabilities 8,116,000 8,305,000
Stockholders' Equity    
Common Stock - $0.001 par value; 275,000,000 shares authorized at September 30, 2025 and June 30, 2025; 20,254,599 and 19,349,201 shares issued and outstanding as of September 30, 2025 and June 30, 2025, respectively 20,000 19,000
Additional paid-in capital 393,978,000 347,085,000
Accumulated other comprehensive loss (15,000)  
Accumulated deficit (337,944,000) (332,224,000)
Total Stockholders' Equity 56,039,000 14,880,000
Total Liabilities and Stockholders' Equity $ 64,155,000 $ 23,185,000