Quarterly report pursuant to Section 13 or 15(d)

FINANCIAL INSTRUMENTS AND SIGNIFICANT CONCENTRATIONS (Tables)

v3.23.1
FINANCIAL INSTRUMENTS AND SIGNIFICANT CONCENTRATIONS (Tables)
9 Months Ended
Mar. 31, 2023
FINANCIAL INSTRUMENTS AND SIGNIFICANT CONCENTRATIONS  
Schedule of financial assets measured at fair value on a recurring basis

The following table presents information about the Company’s financial assets measured at fair value on a recurring basis and indicates the fair value hierarchy classification of such fair values as of March 31, 2023 (in thousands):

Fair Value Measurement as of March 31, 2023

Total

Level 1

Level 2

Level 3

Cash and cash equivalents:

Money market funds

$

20,497

$

20,497

$

$

Marketable debt securities:

Corporate commercial paper

38,381

38,381

U.S. Government agencies

24,401

24,401

U.S. Government treasuries

5,942

5,942

Corporate notes and bonds

22,032

22,032

Asset-backed securities

4,773

4,773

Total

$

116,026

$

26,439

$

89,587

$

Summary of changes in the fair value of the company's derivative liabilities, fair value, level 3 inputs The following table sets forth changes in the fair value of embedded derivative liabilities for the nine months ended March 31, 2023 and 2022 (in thousands):

2023

 

2022

Fair value, beginning of period

$

407

$

387

Loss from change in fair value

40

8

Fair value, end of period

$

447

$

395