Annual report pursuant to Section 13 and 15(d)

Fair Value Measurement (Tables)

v3.23.2
Fair Value Measurement (Tables)
12 Months Ended
Jun. 30, 2023
Fair Value Measurement [Abstract]  
Schedule of Liabilities Measured at Fair Value The following table classifies the liabilities measured at fair value on a recurring basis into the fair value hierarchy as of June 30, 2023 and 2022:
    Fair value
at June 30,
2023
    Level 1     Level 2     Level 3  
Contingent consideration   $
    $
    $
    $
 
Derivative liabilities     2,080      
     
      2,080  
Total fair value   $ 2,080     $
    $
    $ 2,080  
    Fair value
at June 30,
2022
    Level 1     Level 2     Level 3  
Contingent consideration   $ 1,446     $
    $
    $ 1,446  
Derivative liabilities     3,028      
     
      3,028  
Total fair value   $ 4,474     $
    $
    $ 4,474  
Schedule of Fair Value of Level 3 Contingent Consideration The following table sets forth a summary of the changes in the fair value of Level 3 contingent consideration that are measured at fair value on a recurring basis:
Contingent consideration   June 30,
2023
 
Beginning balance   $ 1,446  
Change in fair value of contingent consideration     (1,446 )
Ending balance   $
 
Schedule of Fair Value of The Contingent Consideration Liabilities The fair value of the contingent consideration liabilities on the balance sheet dates were valued with the following assumptions:
    June 30,
2023
    June 30,
2022
 
Discount Rate                14.3% – 14.5 %
Revenue volatility     30%       30 %
Risk free interest rate           1.71% – 3.04 %
Remaining term (years)     0.50       1.29 – 2.29  
Schedule of Fair Value of Embedded Derivatives The fair value of the contingent consideration liabilities on the balance sheet dates were valued with the following assumptions:
Fair Value of Embedded Derivatives   June 30,
2023
 
Beginning balance   $ 3,028  
Initial fair value of make whole provision in convertible note    
 
Initial fair value of change in control provision in convertible note    
 
Change in fair value of convertible note derivatives     (948 )
Ending balance   $ 2,080  
Schedule of Fair Value of the Embedded Derivatives in Our Convertible Notes The fair value of the embedded derivatives in our convertible notes on the issuance date and at the balance sheet date were valued with the following assumptions:
    June 30,
2023
    June 30,
2022
 
Stock Price   $ 3.18     $ 3.70  
Volatility of stock price     70 %     70 %
Risk free interest rate     4.32 %     3.01 %
Debt yield     40.6 %     41.5 %
Remaining term (years)     4.0       5.0