Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurement (Tables)

v3.22.2.2
Fair Value Measurement (Tables)
3 Months Ended
Sep. 30, 2022
Fair Value Disclosures [Abstract]  
Schedule of liabilities measured at fair value
    Fair value at
September 30,
2022
    Level 1     Level 2     Level 3  
Contingent consideration   $ 1,892     $
    $
    $ 1,892  
Derivative liabilities     3,007      
     
      3,007  
Total fair value   $ 4,899     $
    $
    $ 4,899  

 

    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
Contingent consideration   September 30,
2022
 
Beginning balance   $ 1,446  
Initial fair value of contingent consideration    
 
Change in fair value of contingent consideration     446  
Ending balance   $ 1,892  

 

Schedule of fair value of the contingent consideration liabilities
    September 30,
2022
  June 30,
2022
Discount Rate   18.4% – 18.9%   14.3% – 14.5%
Revenue volatility   30%   30%
Risk free interest rate   2.88% – 4.23%   1.71% – 3.04%
Remaining term (years)   0.33 – 1.33   0.59 – 1.58

 

Schedule of development and determination of the unobservable inputs for Level 3 fair value measurements
Fair Value of Embedded Derivatives   September 30,
2022
 
Beginning balance   $ 3,028  
Initial fair value of make-whole provision in convertible notes    
 
Initial fair value of change in control provision in convertible notes    
 
Change in fair value of convertible note derivatives     (21 )
Ending balance   $ 3,007  

 

Schedule of fair value of the embedded derivatives in our convertible notes
    September 30,
2022
    June 30,
2022
 
Stock Price   $           2.97     $ 3.70  
Volatility of stock price     70 %     70 %
Risk free interest rate     4.09 %     3.01 %
Debt yield     45.4 %     41.5 %
Remaining term (years)     4.7       5.0