Income Taxes (Tables)

12 Months Ended

Jun. 30, 2021

Pre-Tax loss Information

Pre-tax loss consists of the following jurisdictions (in thousands):

	Years Ended June 30,
	2021			2020			2019
	(As Restated)
Domestic	$	(41,306	)	$	(47,172	)	$	(16,819	)
Foreign		—			—			—
Pre-tax loss	$	(41,306	)	$	(47,172	)	$	(16,819	)

Reconciliation of Income Taxes Computed at U.S Federal Statutory Tax Rates to Income Tax Expense

The reconciliation of income tax computed at the U.S. federal statutory tax rates to income tax expense is as follows (in thousands):

	Years Ended June 30,
	2021						2020						2019
	$			%			$			%			$			%
	(As Restated)
Tax benefit at U.S. statutory rates	$	8,674			21	%	$	9,906			21	%	$	3,532			21	%
State tax		(99	)		0	%		9			0	%		86			1	%
Warrant liability costs		3,806			9	%		(4,803	)		(10	)%		5,803			35	%
Equity compensation		(6	)		0	%		(2	)		0	%		138			1	%
Increase in valuation allowance		(10,536	)		(26	)%		(4,473	)		(10	)%		(9,082	)		(54	)%
Other		(1,847	)		(4	)%		(638	)		(1	)%		(478	)		(3	)%
	$	(8	)		0	%	$	(1	)		0	%	$	(1	)		0	%

Deferred Tax Liabilities and Assets

Deferred tax liabilities and assets are comprised of the following (in thousands):

	June 30,
	2021			2020
	(As Restated)
Deferred tax assets (liabilities):
Deferred revenue	$	16,637		$	17,568
Fixed and intangible assets		15,924			18,832
Share-based payments		4,182			3,834
Tax losses carried forward		16,104			2,214
Compensation accruals		727			709
Consultant and other accruals		22			20
Right-of-use assets		(1,633	)		—
Lease liabilities		1,742			—
Charitable contributions		1			—
Total deferred tax assets (liabilities)		53,706			43,177
Valuation allowance for deferred tax assets		(53,706	)		(43,177	)
Net deferred tax assets and liabilities	$	—		$	—