v3.25.3
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating activities:    
Net loss $ (1,493) $ (730)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of deferred compensation 7
Stock-based compensation expense 1,056 167
Depreciation and amortization expense 102 100
Amortization of discount on convertible notes 145
Changes in fair value of derivative liabilities (146)
Changes in operating assets and liabilities:    
Accounts receivable (286) (262)
Prepaids and other current assets (196) (167)
Other assets (8)
Accounts payable (88) (79)
Accrued expenses and other current liabilities 98 34
Net cash used in operating activities (815) (931)
Investing activities:    
Purchase of equipment (210) (2)
Net cash used in investing activities (210) (2)
Financing activities:    
Proceeds from stock option exercise 47
Proceeds from convertible notes issuance 3,145
Proceeds from public offering, net of offering costs 23,385
Net cash provided by financing activities 23,432 3,145
Net change in cash and cash equivalents, and certificate of deposit 22,407 2,212
Cash and cash equivalents, and certificate of deposit, beginning of period 15,740 1,291
Cash and cash equivalents, and certificate of deposit, end of period 38,147 3,503
Supplemental non-cash disclosures:    
Right of use asset - operating obtained in exchange for lease liability -operating $ 274

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