Annual report pursuant to Section 13 and 15(d)

Business Acquisition (Tables)

v3.23.2
Business Acquisition (Tables)
 12 Months Ended
Jun. 30, 2023
Business Acquisition [Abstract]  
Schedule of Fair Values of the Assets Acquired and Liabilities Assumed The purchase price was preliminarily allocated based on the estimated fair values of the assets acquired and liabilities assumed as follows (in thousands):
Consideration:      
Cash paid   $ 13,915  
Common stock     1,690  
Liabilities cancelled     (88 )
Total consideration   $ 15,517  
         
Cash   $ 334  
Fixed assets     2,538  
Other tangible assets     1,366  
Intangible assets     8,289  
Goodwill     6,508  
Deferred tax liabilities     (2,394 )
Liabilities assumed     (1,124 )
Total assets acquired   $ 15,517  
The purchase price was allocated based on the estimated fair values of the assets acquired and liabilities assumed as follows (in thousands):
Consideration:      
Cash paid   $ 9,500  
Common stock     4,162  
Fair value of contingent consideration     1,099  
Total consideration   $ 14,761  
         
Cash   $ 1,921  
Other tangible assets     1,346  
Intangible assets     9,452  
Goodwill     8,051  
Liabilities assumed     (1,871 )
Deferred tax liability     (1,980 )
Noncontrolling interest acquired   $ (2,158 )
Total assets acquired   $ 14,761  
Schedule of Unaudited Pro Forma Information The unaudited pro forma information does not purport to be indicative of the results that would have been obtained if the acquisitions had actually occurred at the beginning of the year prior to acquisition, nor of the results that may be reported in the future.
    Years Ended
June 30,		  
    2023     2022  
    Unaudited
Proforma		     Unaudited
Proforma		  
Revenues   $ 30,701     $ 24,500  
Net Loss   $ (65,747 )   $ (58,850 )
Net Loss per share   $ (1.03 )   $ (1.07 )