Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.23.3
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net loss $ (19,562) $ (18,208)
Adjustments to reconcile net loss to net cash from operating activities:    
Depreciation and amortization 136 167
Amortization of right-of-use assets 245 225
Unrealized loss on investment 3 10
Share-based compensation expense 452 870
Changes in operating assets and liabilities:    
Trade and other receivables (50) 1
Prepaid and other assets (414) 62
Trade and other payables 1,357 1,090
Accrued employee benefit payable 73 80
Lease liability (252) (196)
Net cash used in operating activities (18,012) (15,899)
Cash flows from investing activities:    
Purchases of property and equipment (1) (13)
Net cash used in investing activities (1) (13)
Cash flows from financing activities:    
Proceeds from issues of shares and pre-funded warrants 17,884  
Share issue transaction costs (1,869)  
Net cash provided by financing activities 16,015  
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 412 204
Net decrease in cash, cash equivalents, and restricted cash (1,586) (15,708)
Cash, cash equivalents, and restricted cash at beginning of year 4,076 19,784
Cash, cash equivalents, and restricted cash at end of year 2,490 4,076
Reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets:    
Cash and cash equivalents 2,477 4,062
Restricted cash 13 14
Total cash, cash equivalents, and restricted cash 2,490 4,076
Supplemental disclosure of cash flow information:    
Re-measurement of operating lease right-of-use assets and liabilities $ 0 $ 794