Annual report pursuant to Section 13 and 15(d)

Fair Value Measurement (Tables)

v3.24.3
Fair Value Measurement (Tables)
12 Months Ended
Jun. 30, 2024
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, 2024 and 2023 (in thousands):
    Fair value
at June 30,
2024
    Level 1     Level 2     Level 3  
Derivative liabilities     1      
     
      1  
Total fair value   $ 1     $
    $
    $ 1  
    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
Fair Value of Embedded Derivatives   June 30,
2024
 
Beginning balance   $ 2,080  
Change in fair value of convertible note derivatives     (2,079 )
Ending balance   $ 1  
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,
2024
    June 30,
2023
 
Stock Price   $ 0.13     $ 3.18  
Volatility of stock price     115 %     70 %
Risk free interest rate     4.53 %     4.32 %
Debt yield     46.7 %     40.6 %
Remaining term (years)     3.0       4.0