Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurement (Tables)

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Fair Value Measurement (Tables)
9 Months Ended
Mar. 31, 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 March 31, 2024:
    Fair value at
March 31,
2024
    Level 1     Level 2     Level 3  
Derivative liabilities   $ 22     $
    $
    $ 22  
Total fair value   $ 22     $
    $
    $ 22  
The following table classifies the liabilities measured at fair value on a recurring basis into the fair value hierarchy as of June 30, 2023:
    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 Changes in Fair Value of Level 3 Derivative Liabilities The following table sets forth a summary of the changes in the fair value of Level 3 derivative liabilities that are measured at fair value on a recurring basis:
Derivative liabilities   March 31,
2024
 
Beginning balance   $ 2,080  
Change in fair value of derivative liabilities     (2,058 )
Ending balance   $ 22  
Schedule of Fair Value of the Embedded Derivatives in Our Convertible Notes The fair value of the embedded derivatives in our convertible notes as of March 31, 2024 and June 30, 2023 were valued with the following assumptions:
    March 31,
2024
    June 30,
2023
 
Stock Price   $ 0.59     $ 3.18  
Volatility of stock price     85 %     70 %
Risk free interest rate     4.38 %     4.32 %
Debt yield     42.87 %     40.6 %
Remaining term (years)     3.2       4.0