Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurement (Tables)

v3.22.4
Fair Value Measurement (Tables)
6 Months Ended
Dec. 31, 2022
Fair Value Disclosures [Abstract]  
Schedule of liabilities measured at fair value
    Fair value at
December 31,
2022
    Level 1     Level 2     Level 3  
Contingent consideration   $ 276     $
    $
    $ 276  
Derivative liabilities     2,189      
     
      2,189  
Total fair value   $ 2,465     $
    $
    $ 2,465  

 

    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   December 31,
2022
 
Beginning balance   $ 1,446  
Initial fair value of contingent consideration    
 
Change in fair value of contingent consideration     (1,170 )
Ending balance   $ 276  

 

Schedule of fair value of the contingent consideration liabilities
    December 31,
2022
    June 30,
2022
 
Discount Rate     12.5 %     14.3% – 14.5 %
Revenue volatility     30 %     30 %
Risk free interest rate     4.65 %     1.71% – 3.04 %
Remaining term (years)     1.08       0.59 – 1.58  

 

Schedule of development and determination of the unobservable inputs for Level 3 fair value measurements
Fair Value of Embedded Derivatives   December 31,
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     (839 )
Ending balance   $ 2,189  

 

Schedule of fair value of the embedded derivatives in our convertible notes
    December 31,
2022
    June 30,
2022
 
Stock Price   $           2.82     $ 3.70  
Volatility of stock price     70 %     70 %
Risk free interest rate     4.05 %     3.01 %
Debt yield     39.4 %     41.5 %
Remaining term (years)     4.5       5.0