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Fair Value Measurement (Tables)
6 Months Ended
Dec. 31, 2021
Fair Value Measurement  
Schedule of Change in fair value of preferred stock

 

 

FY 2021

 

Balance, July 1, 2020

 

$-

 

Issuance of Series B-2 preferred stock at fair value

 

 

5,000,000

 

Exercise of Series 1 and 2 warrants

 

 

5,017,000

 

Conversion of Series B-2 preferred stock to common stock

 

 

(10,017,000)

Change in fair value of Series B-2 preferred stock (1)

 

(-)

 

Balance, June 30, 2021

 

$-

 

 

 

 

 

 

Exercise of Series 2 warrants

 

 

4,983,000

 

Conversion of Series B-2 preferred stock to common stock

 

 

(3,509,000)

Change in fair value of Series B-2 preferred stock (1)

 

(-)

 

Balance, December 31, 2021

 

$1,474,000