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Fair Value (Tables) | 3 Months Ended | 12 Months Ended
--- | --- | ---
Sep. 30, 2020 | Jun. 30, 2020
Fair Value Disclosures [Abstract] |  |
Schedule of reconciliation of fair values |
Fair value balance as of June 30, 2020 |  | $ | 14,131,000 |
Change in fair value reported in the statements of operations |  |  | (778,000 | )
Change in fair value reported in other comprehensive income |  |  | 70,000 |
Fair value balance as of September 30, 2020 |  | $ | 13,423,000 |
Beginning fair value balance on issue date - June 9, 2020 |  | $ | 14,960,000 |
Change in fair value reported in the statements of operations |  |  | (766,000 | )
Change in fair value reported in other comprehensive income |  |  | (63,000 | )
Ending fair value balance - June 30, 2020 |  | $ | 14,131,000
Schedule of fair value by using key inputs |
Fair Value Assumptions - Convertible Notes |  | September 30, 2020 |  |  | June 30, 2020 |
Face value principal payable |  | $ | 17,000,000 |  |  | $ | 17,000,000 |
Original conversion price |  | $ | 11.50 |  |  | $ | 11.50 |
Value of Common Stock |  | $ | 3.64 |  |  | $ | 8.80 |
Expected term (years) |  |  | 2.67 |  |  |  | 2.90 |
Volatility |  |  | 68 | % |  |  | 45 | %
Market yield |  |  | 28.0 | % |  |  | 23.9 | %
Risk free rate |  |  | 0.1% to 0.2 | % |  |  | 0.2 | %
Fair Value Assumptions - Convertible Notes |  | June 30, 2020 |  |  | June 9, 2020 |
Face value principal payable |  | $ | 17,000,000 |  |  | $ | 17,000,000 |
Original conversion price |  | $ | 11.50 |  |  | $ | 11.50 |
Value of Common Stock |  | $ | 8.80 |  |  | $ | 10.28 |
Expected term (years) |  |  | 2.9 |  |  |  | 3.0 |
Volatility |  |  | 45.0 | % |  |  | 45.0 | %
Market yield (range) |  |  | 23.9 | % |  |  | 23.3% to 23.4% |
Risk free rate |  |  | 0.2 | % |  |  | 0.2 | %

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- Definition Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19279-110258 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2C -URI http://asc.fasb.org/extlink&oid=117815213&loc=SL7498348-110258 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bb) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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