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Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jun. 30, 2023

Accounting Policies [Abstract]

Schedule of the impact of the immaterial correction of an error

​

​	​	​	​	​	​	​	​	​	​
​	​	As of June 30, 2022
​	​	As Previously		​	​	​	​	​	​
​	​	Reported		​	Adjustment		​	As Adjusted
​	​	(in thousands)
Balance Sheet data	​	​	​	​	​	​	​	​	​
Derivative warrant liabilities	​	$	-	​	$	1,796	​	$	1,796
Total liabilities	​	$	91,531	​	$	1,784	​	$	93,315
Additional paid-in capital	​	$	334,560	​	$	(3,174)	​	$	331,386
Accumulated deficit	​	$	(288,472)	​	$	1,394	​	$	(287,078)
Total stockholders’ equity	​	$	46,092	​	$	(1,784)	​	$	44,308

​

​	​	​	​	​	​	​	​	​	​
​	​	Twelve Months Ended
​	​	June 30, 2022
​	​	As Previously		​	​	​	​	​	​
​	​	Reported		​	Adjustment		​	As Adjusted
​	​	(in thousands)
Statement of Operation data	​	​	​	​	​	​	​	​	​
Gain on derivative warrant liability	​	$	211	​	$	1,394	​	$	1,605
Total other income, net (1)	​	$	1,278	​	$	(261)	​	$	1,017
Loss before income tax	​	$	(110,283)	​	$	1,394	​	$	(108,889)
Net loss	​	$	(110,173)	​	$	1,394	​	$	(108,779)
Basic and diluted net loss per common share	​	$	(75.00)	​	$	0.99	​	$	(74.01)
​	​	​	​	​	​	​	​	​	​
Statement of Stockholders' Equity data	​	​	​	​	​	​	​	​	​
Issuance of common stock, net of issuance cost	​	$	11,652	​	$	(2,798)	​	$	8,854
​	​	​	​	​	​	​	​	​	​
Statement of Cash Flow data	​	​	​	​	​	​	​	​	​
Net loss	​	$	(110,173)	​	$	1,394	​	$	(108,779)
Gain on derivative warrant liability	​	$	(211)	​	$	(1,394)	​	$	(1,605)
​	​	​	​	​	​	​	​	​	​

1) Includes reclassification of gain or loss from the fair value of contingent consideration. See Prior Period Reclassification in Note 2 – Summary of Significant Accounting Policies.

Schedule of receivables from customers

​

​	​	​	​
​	​	​	Accounts Receivable, gross
​	​	​	(in thousands)
Opening balance, June 30, 2022	​	$	24,219
Closing balance, June 30, 2023	​	​	31,927
Increase	​	$	7,708
​	​	​	​
Opening balance, June 30, 2021	​	$	30,325
Closing balance, June 30, 2022	​	​	24,219
Decrease	​	$	(6,106)
​	​	​	​

Schedule of allowance for discounts and allowance for chargebacks

​

​	​	​	​	​	​	​	​	​	​
​	​	​	Allowance for Discount	​	​	Allowance for Chargeback	​	​	Total Allowance
​	​	​	(in thousands)				​	​	​
​	​	​	​	​	​	​	​	​	​
Balance, June 30, 2021	​	$	1,133	​	$	1,016	​	$	2,149
Charges to expense	​	​	6,760	​	​	4,598	​	​	11,358
Payments	​	​	(6,592)	​	​	(4,408)	​	​	(11,000)
Balance, June 30, 2022	​	$	1,301	​	$	1,206	​	$	2,507
Charges to expense	​	​	9,074	​	​	4,554	​	​	13,628
Payments	​	​	(8,597)	​	​	(4,548)	​	​	(13,145)
Balance, June 30, 2023	​	$	1,778	​	$	1,212	​	$	2,990

Schedule of concentration of business risk

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​

​

​

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​

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​

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Percentage of gross revenue

​

Percentage of accounts receivable

​

​

June 30,

​

​

2023

​

2022

​

2023

​

2022

Customer A

​

43

%

​

41

%

​

50

%

​

52

%

Customer B

​

18

%

​

20

%

​

19

%

​

25

%

Customer C

​

17

%

​

18

%

​

14

%

​

18

%

​

​

​

​

​

​

​

​

​

​

​

​

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Antidilutive securities excluded from the computation of earnings per share

​

​	​	​	​	​	​	​
​	​	​	​	June 30,
​		​		2023		2022
Warrant to purchase common stock		(Note 16)	​	6,538,052		434,328
Employee stock options		(Note 15)	​	52,762		3,899
Employee unvested restricted stock		(Note 15)	​	40,996		85,377
Employee unvested restricted stock units	​	(Note 15)	​	4,963	​	8,500
Total	​	​	​	6,636,773		532,104

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