| Income Statement (Quarterly) | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 58,000 |
| Cost of Revenue | 0 | 0 | 0 | 7,000 |
| Gross Profit | 0 | 0 | 0 | 51,000 |
| Operating Expenses | ||||
| R&D Expenses | 0 | 0 | 0 | 0 |
| SG&A Expenses | 4,740,000 | 4,453,000 | 4,187,000 | 4,013,000 |
| Operating Expenses | 20,023,000 | 17,080,000 | 16,941,000 | 23,102,000 |
| Operating Income | 0 | -17,080,000 | -16,941,000 | -23,102,000 |
| Interest Expense | 0 | 0 | 0 | 0 |
| Income Before Tax | -18,914,000 | -15,730,000 | -15,378,000 | -22,976,000 |
| Income Tax Expense | 0 | 0 | 0 | -126,000 |
| Net Income | -18,914,000 | -15,730,000 | -15,378,000 | -22,976,000 |
| Per Share | ||||
| EPS | -0.27 | -0.22 | -0.22 | -0.45 |
| EPS Diluted | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Statement (Annual) | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 |
| Cost of Revenue | 31,000 | 36,000 | 382,000 | 256,000 | 0 |
| Gross Profit | -31,000 | -36,000 | -382,000 | -256,000 | 0 |
| Operating Expenses | |||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 18,367,000 | 14,644,000 | 12,177,000 | 9,357,000 | 7,392,000 |
| Operating Expenses | 79,894,000 | 70,423,000 | 55,990,000 | 41,612,000 | 22,379,000 |
| Operating Income | -79,894,000 | -70,423,000 | -55,990,000 | -41,843,000 | -22,894,000 |
| Interest Expense | 0 | 0 | 0 | 1,807,000 | 375,000 |
| Income Before Tax | -74,412,000 | -68,459,000 | -51,787,000 | -41,060,000 | -20,902,000 |
| Income Tax Expense | 0 | 0 | -137,895 | -2,279,000 | 0 |
| Net Income | -74,412,000 | -68,459,000 | -51,787,000 | -38,781,000 | -20,902,000 |
| Per Share | |||||
| EPS | -0.98 | -1.33 | -1.01 | -2.13 | -2.72 |
| EPS Diluted | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Balance Sheet (Quarterly) | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
|---|---|---|---|---|
| Assets | ||||
| Cash and Cash Equivalents | 94,107,000 | 70,396,000 | 16,036,000 | 150,410,000 |
| Short Term Investments | 73,751,000 | 56,478,000 | 85,860,000 | 0 |
| Net Receivables | 700,000 | 0 | 0 | 0 |
| Inventory | 0 | 0 | 0 | 0 |
| Total Current Assets | 171,145,000 | 128,652,999 | 104,910,000 | 152,104,000 |
| Property Plant Equipment | 1,420,000 | 1,983,000 | 2,193,000 | 168,000 |
| Goodwill and Intangibles | 0 | 0 | 0 | 0 |
| Total Assets | 175,490,000 | 132,737,000 | 123,721,000 | 152,420,000 |
| Liabilities | ||||
| Account Payables | 5,809,000 | 4,901,000 | 3,269,000 | 1,132,000 |
| Short Term Debt | 632,000 | 568,000 | 541,000 | 108,000 |
| Total Current Liabilities | 11,912,000 | 9,606,000 | 5,200,000 | 2,462,000 |
| Long Term Debt | 983,000 | 1,660,000 | 1,937,000 | 80,000 |
| Total Liabilities | 13,363,000 | 11,734,000 | 7,549,000 | 2,949,000 |
| Shareholders Equity | ||||
| Retained Earnings | -403,856,000 | -329,444,000 | -260,985,000 | -209,198,000 |
| Total Shareholders Equity | 162,127,000 | 121,003,000 | 116,172,000 | 149,471,000 |
| Balance Sheet (Annual) | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 |
|---|---|---|---|---|---|
| Assets | |||||
| Cash and Cash Equivalents | 94,107,000 | 70,396,000 | 16,036,000 | 150,410,000 | 41,047,000 |
| Short Term Investments | 73,751,000 | 56,478,000 | 85,860,000 | 0 | 0 |
| Net Receivables | 700,000 | 0 | 0 | 0 | 0 |
| Inventory | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 171,145,000 | 128,652,999 | 104,910,000 | 152,104,000 | 41,993,000 |
| Property Plant Equipment | 1,420,000 | 1,983,000 | 2,193,000 | 168,000 | 425,000 |
| Goodwill and Intangibles | 0 | 0 | 0 | 0 | 0 |
| Total Assets | 175,490,000 | 132,737,000 | 123,721,000 | 152,420,000 | 42,609,000 |
| Liabilities | |||||
| Account Payables | 5,809,000 | 4,901,000 | 3,269,000 | 1,132,000 | 1,035,000 |
| Short Term Debt | 632,000 | 568,000 | 541,000 | 108,000 | 265,000 |
| Total Current Liabilities | 11,912,000 | 9,606,000 | 5,200,000 | 2,462,000 | 1,968,000 |
| Long Term Debt | 983,000 | 1,660,000 | 1,937,000 | 80,000 | 14,155,000 |
| Total Liabilities | 13,363,000 | 11,734,000 | 7,549,000 | 2,949,000 | 16,510,000 |
| Shareholders Equity | |||||
| Retained Earnings | -403,856,000 | -329,444,000 | -260,985,000 | -209,198,000 | -168,138,000 |
| Total Shareholders Equity | 162,127,000 | 121,003,000 | 116,172,000 | 149,471,000 | 26,099,000 |
| Cash Flow Statement (Quarterly) | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
|---|---|---|---|---|
| Operating Activities | ||||
| Net Income | -74,412,000 | -68,459,000 | -51,787,000 | -41,060,000 |
| Depreciation & Amortization | 31,000 | 36,000 | 30,000 | 13,000 |
| Stock Based Compensation | 7,121,000 | 7,360,000 | 7,268,000 | 3,685,000 |
| Change in Working Capital | 47,000 | 3,100,000 | 1,021,000 | -642,000 |
| Operating Cash Flow | -69,075,000 | -57,368,000 | -44,481,000 | -39,616,000 |
| Investing Activities | ||||
| Capital Expenditure | 0 | 0 | -153,000 | 0 |
| Investments | 0 | 0 | -153,000 | 0 |
| Investing Cash Flow | -14,541,000 | 48,699,000 | -101,464,000 | 0 |
| Financing Activities | ||||
| Debt Repayment | 0 | 0 | 0 | -16,013,000 |
| Common Stock Issued/Repurchased | 107,327,000 | 49,017,000 | 12,330,000 | 112,037,000 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Financing Cash Flow | 107,327,000 | 63,029,000 | 11,571,000 | 148,979,000 |
| Summary | ||||
| Free Cash Flow | -69,075,000 | -57,368,000 | -44,634,000 | -39,616,000 |
| Net Change in Cash | 23,711,000 | 54,360,000 | -134,374,000 | 109,363,000 |
| Cash Flow Statement (Annual) | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | -74,412,000 | -68,459,000 | -51,787,000 | -41,060,000 | -20,902,000 |
| Depreciation & Amortization | 31,000 | 36,000 | 30,000 | 13,000 | 13,000 |
| Stock Based Compensation | 7,121,000 | 7,360,000 | 7,268,000 | 3,685,000 | 3,965,000 |
| Change in Working Capital | 47,000 | 3,100,000 | 1,021,000 | -642,000 | -2,120,000 |
| Operating Cash Flow | -69,075,000 | -57,368,000 | -44,481,000 | -39,616,000 | -20,441,000 |
| Investing Activities | |||||
| Capital Expenditure | 0 | 0 | -153,000 | 0 | 0 |
| Investments | 0 | 0 | -153,000 | 0 | 0 |
| Investing Cash Flow | -14,541,000 | 48,699,000 | -101,464,000 | 0 | 0 |
| Financing Activities | |||||
| Debt Repayment | 0 | 0 | 0 | -16,013,000 | 0 |
| Common Stock Issued/Repurchased | 107,327,000 | 49,017,000 | 12,330,000 | 112,037,000 | 41,000,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Financing Cash Flow | 107,327,000 | 63,029,000 | 11,571,000 | 148,979,000 | 51,533,000 |
| Summary | |||||
| Free Cash Flow | -69,075,000 | -57,368,000 | -44,634,000 | -39,616,000 | -20,441,000 |
| Net Change in Cash | 23,711,000 | 54,360,000 | -134,374,000 | 109,363,000 | 31,092,000 |