Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

v3.22.2.2
Fair Value Measurements (Tables)
12 Months Ended
Jun. 30, 2022
Fair Value Disclosures [Abstract]  
Schedule of Financial Instruments Warrant Liability at Fair Value Recurring Basis

 

    Total  
Balance at June 30, 2020   $ -  
Fair value of warrant liability on the date of issuance     10,458,000  
Increase in the fair value of the warrant liability between March 8, 2021 (issuance date) and May 6, 2021     26,627,000  
Total fair value of warrant liability prior to IPO     37,085,000  
Warrants converted into Series A convertible preferred stock upon cashless exercise     (37,085,000 )
Balance at June 30, 2021   $ -  
Schedule of Assumptions Fair Value of the Warrant Liability

 

    March 8, 2021     May 6, 2021  
Dividend yield          
Expected volatility     49.8 %     49.6 %
Risk-free rate     0.35 %     0.32 %
Expected term (years)     3.0       2.8