| 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 as of March 31, 2024 and June 30, 2023 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair Value Measurement of Assets as of March 31, 2024 |
|
|
Total |
|
Level 1 |
|
Level 2 |
|
Level 3 |
Cash and cash equivalents: |
|
|
|
|
|
|
|
|
|
|
|
|
Money market funds |
|
$ |
3,451 |
|
$ |
3,451 |
|
$ |
— |
|
$ |
— |
Marketable debt securities: |
|
|
|
|
|
|
|
|
|
|
|
|
Corporate commercial paper |
|
|
22,565 |
|
|
— |
|
|
22,565 |
|
|
— |
U.S. Government agencies |
|
|
11,313 |
|
|
— |
|
|
11,313 |
|
|
— |
U.S. Government treasuries |
|
|
995 |
|
|
— |
|
|
995 |
|
|
— |
Corporate notes and bonds |
|
|
38,439 |
|
|
— |
|
|
38,439 |
|
|
— |
Asset-backed securities |
|
|
2,353 |
|
|
— |
|
|
2,353 |
|
|
— |
Total |
|
$ |
79,116 |
|
$ |
3,451 |
|
$ |
75,665 |
|
$ |
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair Value Measurement of Assets as of June 30, 2023 |
|
|
Total |
|
Level 1 |
|
Level 2 |
|
Level 3 |
Cash and cash equivalents: |
|
|
|
|
|
|
|
|
|
|
|
|
Money market funds |
|
$ |
5,464 |
|
$ |
5,464 |
|
$ |
— |
|
$ |
— |
Corporate commercial paper |
|
|
4,481 |
|
|
4,481 |
|
|
— |
|
|
— |
Marketable debt securities: |
|
|
|
|
|
|
|
|
|
|
|
|
Corporate commercial paper |
|
|
41,597 |
|
|
— |
|
|
41,597 |
|
|
— |
U.S. Government agencies |
|
|
26,394 |
|
|
— |
|
|
26,394 |
|
|
— |
U.S. Government treasuries |
|
|
10,404 |
|
|
10,404 |
|
|
— |
|
|
— |
Corporate notes and bonds |
|
|
19,240 |
|
|
— |
|
|
19,240 |
|
|
— |
Asset-backed securities |
|
|
4,694 |
|
|
— |
|
|
4,694 |
|
|
— |
Total |
|
$ |
112,274 |
|
$ |
20,349 |
|
$ |
91,925 |
|
$ |
- |
|
| Schedule 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 the Company’s liabilities measured at fair value liability for the nine months ended March 31, 2024 and 2023 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended |
|
Nine Months Ended |
|
|
March 31, 2024 |
|
March 31, 2023 |
|
|
Warrant |
|
Embedded |
|
Warrant |
|
Embedded |
Fair value, beginning of period |
|
$ |
— |
|
$ |
412 |
|
$ |
— |
|
$ |
407 |
Warrant liability incurred on March 8, 2024 |
|
|
5,697 |
|
|
— |
|
|
— |
|
|
— |
Changes in fair value |
|
|
1,950 |
|
|
41 |
|
|
— |
|
|
40 |
Fair value, end of period |
|
$ |
7,647 |
|
$ |
453 |
|
$ |
— |
|
$ |
447 |
|