Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurement (Tables)

v3.23.1
Fair Value Measurement (Tables)
9 Months Ended
Mar. 31, 2023
Fair Value Disclosures [Abstract]  
Schedule of liabilities measured at fair value
    Fair value at
March 31,
2023
    Level 1     Level 2     Level 3  
Contingent consideration   $ 8     $
    $
    $ 8  
Derivative liabilities     2,572      
     
      2,572  
Total fair value   $ 2,580     $
    $
    $ 2,580  

 

    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   March 31,
2023
 
Beginning balance   $ 1,446  
Initial fair value of contingent consideration    
 
Change in fair value of contingent consideration     (1,438 )
Ending balance   $ 8  

 

Schedule of fair value of the contingent consideration liabilities
    March 31,
2023
    June 30,
2022
 
Discount Rate     16.6 %     14.3% – 14.5 %
Revenue volatility     30 %     30 %
Risk free interest rate     4.78 %     1.71% – 3.04 %
Remaining term (years)     0.84       0.59 – 1.58  

 

Schedule of development and determination of the unobservable inputs for Level 3 fair value measurements
Fair Value of Embedded Derivatives   March 31,
2023
 
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     (456 )
Ending balance   $ 2,572  

 

Schedule of fair value of the embedded derivatives in our convertible notes
    March 31,
2023
    June 30,
2022
 
Stock Price   $ 3.08     $ 3.70  
Volatility of stock price     70 %     70 %
Risk free interest rate     3.68 %     3.01 %
Debt yield     43.02 %     41.5 %
Remaining term (years)     4.2       5.0