Impact of Warrant Liabilities on Earnings Per Share (EPS)	6 Months Ended
Dec. 31, 2024
Impact Of Warrant Liabilities On Earnings Per Share
Impact of Warrant Liabilities on Earnings Per Share (EPS)	Note 20: Impact of Warrant Liabilities on Earnings Per Share (EPS) Certain outstanding warrants issued by the Company are classified as liabilities in accordance with ASC 815-40, Derivatives and Hedging – Contracts in Entity’s Own Equity, due to specific terms that require them to be remeasured at fair value at each reporting date. Changes in fair value are recognized as a non-cash gain or loss in the unaudited condensed consolidated statements of operations, which resulted in fluctuations in the Company’s reported net income (loss) and earnings per share (EPS). During the three and six months ending December 31, 2024, and 2023 the Company recorded a loss of $2.5 million, and a gain of $0.04 million, respectively and $2.6 million and a gain of $0.17 million, respectively related to the fair value measurement of warrant liabilities, primarily due to changes in the market price of our common stock and the volatility assumptions used in the valuation model. As a result, the reported EPS was negatively impacted by $0.05 per share. The fair value of the warrant liabilities at December 31, 2024, and June 30, 2024, was $2.4 million and $0.2 million, respectively, and is recorded under warrant liabilities on the unaudited condensed consolidated balance sheets. Investors should note that the remeasurement of warrant liabilities is a non-operational, non-cash item. Future changes in fair value will continue to be recorded in earnings until the warrants are either exercised or expire. Additional details on the fair value assumptions and measurement techniques are provided in Note 18 – Fair Value.

Impact of Warrant Liabilities on Earnings Per Share (EPS)

6 Months Ended

Dec. 31, 2024

Impact Of Warrant Liabilities On Earnings Per Share

Impact of Warrant Liabilities on Earnings Per Share (EPS)

Note 20: Impact of Warrant Liabilities on Earnings Per Share (EPS)

Certain outstanding warrants issued by the Company are classified as liabilities in accordance with ASC 815-40, Derivatives and Hedging – Contracts in Entity’s Own Equity, due to specific terms that require them to be remeasured at fair value at each reporting date. Changes in fair value are recognized as a non-cash gain or loss in the unaudited condensed consolidated statements of operations, which resulted in fluctuations in the Company’s reported net income (loss) and earnings per share (EPS).

During the three and six months ending December 31, 2024, and 2023 the Company recorded a loss of $2.5 million, and a gain of $0.04 million, respectively and $2.6 million and a gain of $0.17 million, respectively related to the fair value measurement of warrant liabilities, primarily due to changes in the market price of our common stock and the volatility assumptions used in the valuation model. As a result, the reported EPS was negatively impacted by $0.05 per share.

The fair value of the warrant liabilities at December 31, 2024, and June 30, 2024, was $2.4 million and $0.2 million, respectively, and is recorded under warrant liabilities on the unaudited condensed consolidated balance sheets.

Investors should note that the remeasurement of warrant liabilities is a non-operational, non-cash item. Future changes in fair value will continue to be recorded in earnings until the warrants are either exercised or expire. Additional details on the fair value assumptions and measurement techniques are provided in Note 18 – Fair Value.