Quarterly report pursuant to Section 13 or 15(d)

Convertible Notes

v3.20.1
Convertible Notes
 9 Months Ended
Mar. 31, 2020
Debt Disclosure [Abstract]  
Debt Disclosure [Text Block]

Note 9. Convertible Notes


The following table summarizes convertible debt as of March 31, 2020 (in thousands): 


    Maturity Date   Stated Interested Rate   Conversion Price     Face Value     Remaining Debt (Discount)     Fair Value of Embedded Conversion Option     Carrying Value  
Long Term convertible notes payable                                      
6.5% convertible senior secured notes   5/31/2023   6.50%   $         5.00     $ 15,000     $       (4,753 )   $           439     $ 10,686  
6.5% convertible senior notes   11/30/2023   6.50%   $ 5.10       10,000       (654 )     120       9,466  
Ending Balance as of March 31, 2020                   $ 25,000     $ (5,407 )   $ 559     $ 20,152  

The following table summarizes convertible debt as of June 30, 2019 (in thousands):  


    Maturity Date   Stated Interested Rate   Conversion Price     Face Value     Remaining Debt (Discount)     Fair Value of Embedded Conversion Option     Carrying Value  
Long Term convertible notes payable                                      
6.5% convertible senior secured notes   5/31/2023   6.50%   $       5.00     $ 15,000     $         (6,825 )   $           955     $ 9,130  
6.5% convertible senior notes   11/30/2023   6.50%   $ 5.10       10,000       (915 )     —       9,085  
Ending Balance as of June 30, 2019                   $ 25,000     $ (7,740 )   $ 955     $ 18,215