Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v3.20.2
Income Taxes (Tables)
 12 Months Ended
Jun. 30, 2020
Income Tax Disclosure [Abstract]  
Schedule of income tax expenses
      June 30,
2020		       June 30,
2019		  
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,
2020

    

For the
Year Ended

June 30,
2019

  
Income taxes at Federal statutory rate     (21.00 )%     (21.00 )%
State income taxes, net of Federal income tax benefit     (1.92 )%     (0.45 )%
Tax Credits     (1.10 )%     (1.45 )%
Permanent differences     (0.26 )%     (0.23 )%
Convertible Debt Discount     — %     2.89 %
Other     0.02 %     (0.02 )%
Change in Valuation Allowance     24.31 %     18.92 %
Effect of changes in income tax rate applied to net deferred taxes     (0.05 )%     1.34 %
Income Tax Provision     0.00 %     0.00 %
Schedule of deferred tax assets and liabilities
    June 30,
2020		     June 30,
2019		  
Deferred Tax Assets            
Net Operating Loss Carryforwards   $ 20,542     $ 13,196  
Stock-based compensation     2,422       1,786  
Credits     869       470  
Other     484       346  
      24,317       15,798  
Deferred Tax Liabilities                
Convertible debt discount     (472 )     (964 )
Accumulated depreciation/basis differences     (1,150 )     (925 )
      (1,622 )     (1,889 )
                 
Valuation Allowance     (22,695 )     (13,909 )
Net Deferred Tax Assets   $ —     $ —  
Schedule of gross unrecognized tax benefits
    June 30,
2020		     June 30,
2019		  
Beginning Balance   $ 148     $ 296  
Additions based on positions related to the current year     50       50  
Additions for tax positions in prior years     2       —  
Reductions for tax positions in prior years     —       (198 )
Expiration of statute of limitations     —       —  
Ending Balance   $ 200     $ 148