FINANCIAL INSTRUMENTS AND SIGNIFICANT CONCENTRATIONS (Tables)
|12 Months Ended|
Jun. 30, 2022
|FINANCIAL INSTRUMENTS AND SIGNIFICANT CONCENTRATIONS|
|Summary of Changes in the Fair Value of the Company's Derivative Liabilities, Fair Value, Level 3 Inputs||
The following table sets forth a summary of changes in the fair value of embedded derivative liabilities for which fair value was determined by Level 3 inputs for the fiscal years ended June 30, 2022 and 2021 (in thousands):
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.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef