Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v3.19.2
Income Taxes (Tables)
 12 Months Ended
Jun. 30, 2019
Income Tax Disclosure [Abstract]  
Schedule of income tax expenses

      June 30,
2019		       June 30,
2018		  
Current:                
Federal   $ —     $ —  
State and Local     —       —  
Total Current Tax Provision     —       —  
                 
Deferred:                
Federal     —       —  
State and Local     —       —  
Total Deferred Tax Provision     —       —  
                 
Total Tax Provision   $ —     $ —  
Schedule of tax effects of temporary differences of deferred tax assets and liabilities

   

For the
Year Ended

June 30,
2019

    

For the
Year Ended

June 30,
2018

  
Income taxes at Federal statutory rate     (21.00 )%     (27.55 )%
State income taxes, net of Federal income tax benefit     (0.45 )%     (1.96 )%
Tax Credits     (1.45 )%     (0.21 )%
Permanent differences     (0.23 )%     0.04 %
Convertible Debt Discount     2.89 %     1.90 %
Other     (0.02 )%     0.00 %
Change in Valuation Allowance     18.92 %     12.19 %
Effect of changes in income tax rate applied to net deferred taxes     1.34 %     15.59 %
Income Tax Provision     0.00 %     0.00 %
Schedule of deferred tax assets

    June 30,
2019		     June 30,
2018		  
Deferred Tax Assets            
Net Operating Loss Carryforwards   $ 13,196     $ 7,849  
Stock-based compensation     1,786       1,283  
Credits     470       46  
Other     346       514  
      15,798       9,692  
Deferred Tax Liabilities                
Convertible debt discount     (964 )     (397 )
Accumulated depreciation/basis differences     (925 )     (919 )
      (1,889 )     (1,316 )
                 
Valuation Allowance     (13,909 )     (8,376 )
Net Deferred Tax Assets   $ —     $ —  
Schedule of gross unrecognized tax benefits

    June 30,
2019		     June 30,
2018		  
Beginning Balance   $ 296     $ —  
Additions based on positions related to the current year     50       250  
Additions for tax positions in prior years     —       46  
Reductions for tax positions in prior years     (198 )     —  
Expiration of statute of limitations     —       —  
Ending Balance   $ 148     $ 296