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Note 12 - Fair Value Considerations (Tables)

9 Months Ended

Mar. 31, 2024

Notes Tables

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

						Fair Value Measurements at March 31, 2024
		Fair Value at March 31,
		2024				(Level 1)				(Level 2)				(Level 3)
		(in thousands)
Liabilities:
Current portion of derivative warrant liabilities		$	3,261			$	—			$	—			$	3,261
Derivative warrant liabilities			8,609				—				—				8,609
Total		$	11,870			$	—			$	—			$	11,870

						Fair Value Measurements at June 30, 2023
		Fair Value at June 30,
		2023				(Level 1)				(Level 2)				(Level 3)
		(in thousands)
Liabilities:
Current portion of derivative warrant 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			5,467
Balance as of March 31, 2024		$	11,870

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
Aytu closing stock price		$ 3.04			$ 3.04
Equivalent term (years)		0.21-4.19			2.84-3.44
Expected volatility		97.02%			97.02%
Risk-free rate		4.28%-5.46%			4.36%-4.41%
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.

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