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FAIR VALUE MEASUREMENTS
 3 Months Ended
Sep. 30, 2024
Fair Value Disclosures [Abstract]  
FAIR VALUE MEASUREMENTS

 

11.FAIR VALUE MEASUREMENTS

 

The following tables present information about the assets and liabilities that are measured at fair value on a recurring basis as of September 30, 2024, and June 30, 2024, respectively, and indicate the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value. In general, fair values determined by Level 1 inputs utilize quoted prices (unadjusted) in active markets for identical instruments. Fair values determined by Level 2 inputs utilize data points that are observable, such as quoted prices, interest rates, and yield

 

curves. Fair values determined by Level 3 inputs are unobservable data points for the financial instrument and include situations where there is little, if any, market activity for the instrument.

Schedule of fair values determined by level 3 inputs are unobservable data 

   As of September 30, 2024 
   Total   Level 1   Level 2   Level 3 
Assets:                
Cash and cash equivalents  $150   $150   $-   $- 
Investment in equity securities   4    4    -    - 
Total  $154   $154   $-   $- 
Liabilities:                    
April 2024 notes  $5,258   $-   $-   $5,258 
Earnout Shares liability   4,633    -    -    4,633 
Warrant liabilities   1,595    -    1,595    - 
Total  $11,486   $-   $1,595   $9,891 

 

   As of June 30, 2024 
   Total   Level 1   Level 2   Level 3 
Assets:                
Cash and cash equivalents  $2,012   $2,012   $-   $- 
Investment in equity securities   4    4    -    - 
Total  $2,016   $2,016   $-   $- 
Liabilities:                    
April 2024 notes  $7,089   $-   $-   $7,089 
Earnout Shares liability   3,817    -    -    3,817 
Warrant liabilities   4,016    -    1,651    2,365 
Total  $14,922   $-   $1,651   $13,271