XML 69 R52.htm IDEA: XBRL DOCUMENT v3.22.2.2
ORDINARY SHARES PURCHASE WARRANTS ISSUED TO INVESTORS (Tables)
12 Months Ended
Jun. 30, 2022
ORDINARY SHARES PURCHASE WARRANTS ISSUED TO INVESTORS  
Schedule of fair value measurement inputs under binomial and black-scholes model

    

    

    

June 14, 2021

 

June 30,

June 30,

(Initial 

 

Input

2022

2021

measurement)

 

Share price

0.66

$

4.33

5.01

Risk-free interest rate

3.00

%  

 

0.95

%  

 

0.90

%

Volatility

109

%  

 

111

%  

 

111

%

Exercise price

6.24

6.24

6.24

Warrant life

4.46 years

 

5.46 years

 

5.50 years

Schedule of liabilities measured at fair value on recurring basis

    

    

Quoted Prices In

    

Significant Other

    

Significant Other

June 30,

Active Markets

Observable Inputs

Unobservable Inputs

Description

2021

(Level 1)

(Level 2)

(Level 3)

Liabilities:

 

  

 

  

 

  

 

  

Warrant liability

$

29,520,000

$

$

$

29,520,000

    

  

    

Quoted Prices In

    

Significant Other

    

Significant Other

 

June 30,

 

Active Markets

 

Observable Inputs

 

Unobservable Inputs

Description

    

2022

    

(Level 1)

    

(Level 2)

    

(Level 3)

Liabilities:

 

  

 

  

 

  

 

  

Warrant liability

$

2,490,000

$

$

$

2,490,000

Summary of company warrants activities and status of warrants

    

    

Weighted

    

Average

Average

Remaining

Exercise Price

Period

Warrants

    

Warrants

    

Per Share

    

(Years)

Outstanding as of June 30, 2020

 

2,591,112

$

1.25

 

5.50

Issued

 

8,814,102

 

6.24

 

  

Forfeited

 

 

 

  

Exercised

 

(2,591,112)

 

1.25

 

  

Expired

 

 

 

  

Outstanding as of June 30, 2021

 

8,814,102

$

6.24

 

5.46

Issued

 

 

 

  

Forfeited

 

 

 

  

Exercised

 

 

 

  

Expired

 

 

 

  

Outstanding as of June 30, 2022

 

8,814,102

$

6.24

 

4.46