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Fair Value Considerations (Tables)
3 Months Ended
Sep. 30, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Schedule of fair value on a recurring basis

    

Fair Value Measurements at September 30, 2022

    

Fair Value at September 30, 

    

    

    

2022

 

(Level 1)

 

(Level 2)

 

(Level 3)

(In thousands)

Assets:

 

 

Cash and cash equivalents

$

23,811

$

23,811

$

$

Total

$

23,811

 

$

23,811

 

$

$

Liabilities:

Contingent consideration

 

$

423

 

$

 

$

 

$

423

CVR liability

 

706

 

 

 

706

Total

$

1,129

 

$

 

$

$

1,129

    

Fair Value Measurements at June 30, 2022

    

Fair Value at June 30, 

    

    

    

2022

 

(Level 1)

 

(Level 2)

 

(Level 3)

 

(In thousands)

Assets:

Cash and cash equivalents

$

19,360

$

19,360

$

$

Total

$

19,360

 

$

19,360

 

$

$

Liabilities:

Contingent consideration

$

396

 

$

 

$

 

$

396

CVR liability

578

 

 

 

578

Total

$

974

 

$

 

$

$

974

Schedule of changes in Level 3 inputs

    

CVR

    

Contingent

Fixed Payment

Liability

Consideration

Arrangement

(In thousands)

Balance as of June 30, 2022

 

$

578

$

396

$

13,051

Included in earnings

 

128

27

446

Purchases, issues, sales and settlements:

 

 

Settlements

 

 

 

 

(1,025)

Balance as of September 30, 2022

 

$

706

$

423

$

12,472

Contingent Value Rights  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Schedule of significant assumptions used in valuation

September 30, 

    

2022

Leveraged Beta

 

0.84

Market risk premium

6.22

%

Risk-free interest rate

4.09

%

Discount

21.50

%

Company specific discount

 

10.00

%

Derivative Financial Instruments, Liabilities  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Schedule of significant assumptions used in valuation

August 9,

    

2022

Expected volatility

 

62.71

%

Equivalent term (years)

5.00

Risk-free rate

2.97

%

Dividend yield

0.00

%