Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurement (Tables)

v3.24.0.1
Fair Value Measurement (Tables)
6 Months Ended
Dec. 31, 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 December 31, 2023:
    Fair value at
December 31,
2023
    Level 1     Level 2     Level 3  
Derivative liabilities   $ 74     $
    $
    $ 74  
Total fair value   $ 74     $
    $
    $ 74  
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 Changes in Fair Value of Level 3 Derivative Liabilities The following table sets forth a summary of the changes in the fair value of Level 3 derivative liabilities that are measured at fair value on a recurring basis:
Derivative liabilities   December 31,
2023
 
Beginning balance   $ 2,080  
Change in fair value of derivative liabilities     (2,006 )
Ending balance   $ 74  
Schedule of Fair Value of the Embedded Derivatives in Our Convertible Notes The fair value of the embedded derivatives in our convertible notes as of December 31, 2023 and June 30, 2023 were valued with the following assumptions:
    December 31,
2023
    June 30,
2023
 
Stock Price   $ 0.83     $ 3.18  
Volatility of stock price     80 %     70 %
Risk free interest rate     3.97 %     4.32 %
Debt yield     40.5 %     40.6 %
Remaining term (years)     3.5       4.0