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Note 12 - Fair Value Considerations (Tables)

6 Months Ended

Dec. 31, 2023

Notes Tables

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

						Fair Value Measurements at December 31, 2023
		Fair Value at December 31,
		2023				(Level 1)				(Level 2)				(Level 3)
		(in thousands)
Liabilities:
Derivative warrant liabilities			12,887				—				—				12,887
Total		$	12,887			$	—			$	—			$	12,887

						Fair Value Measurements at June 30, 2023
		Fair Value at June 30,
		2023				(Level 1)				(Level 2)				(Level 3)
		(in thousands)
Liabilities:
Derivative warrant liabilities			6,403				—				—				6,403
Total		$	6,403			$	—			$	—			$	6,403

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

		Derivative
		Warrant Liabilities
		(in thousands)
Balance as of June 30, 2023		$	6,403
Included in earnings			6,484
Balance as of December 31, 2023		$	12,887

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

		June 2023 Warrants			Warrants
		Tranche A & B			Other *
		Monte Carlo Simulation
		& Black-Scholes			Black-Scholes
Equivalent term (years)		4.44			3.09-3.69
Expected volatility		96.15%			96.15%
Risk-free rate		3.88%			3.95-4.01%
Dividend yield		0.00%			0.00%

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.

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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

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Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, 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).

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