Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurement (Tables)

v3.23.3
Fair Value Measurement (Tables)
 3 Months Ended
Sep. 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 September 30, 2023:
    Fair value at
September 30,
2023		     Level 1     Level 2     Level 3  
Derivative liabilities                 66      
—
      
—
       66  
Total fair value   $ 66     $
—
     $
—
     $ 66  
The following table classifies the liabilities measured at fair value on a recurring basis into the fair value hierarchy as of June 30, 2023:
    Fair value at
June 30,
2023		     Level 1     Level 2     Level 3  
Derivative liabilities     2,080      
—
      
—
       2,080  
Total fair value   $ 2,080     $
—
     $
—
     $ 2,080  

 
Schedule of Fair Value of Embedded Derivatives 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:
Fair Value of Embedded Derivatives   September 30,
2023		  
Beginning balance   $        2,080  
Change in fair value of convertible note derivatives     (2,014 )
Ending balance   $ 66  
Schedule of Fair Value of Embedded Derivatives in Our Convertible Notes The fair value of the embedded derivatives in our convertible notes as of September 30, 2023 and June 30, 2023 were valued with the following assumptions:
    September 30,
2023		     June 30,
2023		  
Stock Price   $       0.75     $ 3.18  
Volatility of stock price     75 %     70 %
Risk free interest rate     4.73 %     4.32 %
Debt yield     41.8 %     40.6 %
Remaining term (years)     3.7       4.0