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Note 9 - Fair Value Considerations (Tables)

6 Months Ended

Dec. 31, 2020

Notes Tables

Fair Value, Liabilities Measured on Recurring Basis [Table Text Block]

Fair Value Measurements at December 31, 2020

Fair Value at December 31, 2020

Quoted Priced in Active Markets for Identical Assets (Level 1)

Significant Other Observable Inputs (Level 2)

Significant Unobservable Inputs (Level 3)

Recurring:

Contingent consideration

16,280,000

–

–

16,280,000

CVR liability

6,472,000

–

–

6,472,000

$

22,752,000

–

–

$

22,752,000

						Fair Value Measurements at June 30, 2020
		Fair Value at June 30, 2020				Quoted Priced in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Recurring:
Contingent consideration			13,588,000				–				–				13,588,000
CVR liability		$	5,572,000				–				–			$	5,572,000
		$	19,160,000				–				–			$	19,160,000

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

		CVR Liability				Contingent Consideration
Balance as of June 30, 2020		$	5,572,000			$	13,588,000
Transfers into Level 3			–				–
Transfer out of Level 3			–				–
Total gains, losses, amortization or accretion in period			–				–
Included in earnings		$	900,000			$	2,735,000
Included in other comprehensive income			–				–
Purchases, issues, sales and settlements			–				–
Purchases			–				–
Issues			–				–
Sales			–				–
Settlements			–			$	(43,000	)
Balance as of December 31, 2020		$	6,472,000			$	16,280,000

Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]

		As of December 31, 2020
Contingent Consideration
Credit risk assumption		19.10%
Sales volatility		45.00%
Credit spread		4.00%
Time steps per year		1
Number of iterations		500

		As of December 31, 2020
Contingent Value Rights
Credit risk assumption		9.6%
Time steps per year		30.00
Number of iterations		10,000

X

- 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

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-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

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Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

+ 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
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- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

+ 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 (c)
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-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
-Section 50
-Paragraph 3
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