Convertible Notes	9 Months Ended
Mar. 31, 2022
Debt Disclosure [Abstract]
Convertible Notes	13. Convertible Notes As of March 31, 2022 the total principal balance of Convertible Notes outstanding was $35.2 million including cumulative interest paid-in-kind. The convertible notes (Convertible Notes) are held by a consortium of investors, including $16.6 million issued to certain related parties. Such Convertible Notes issued to related parties include: ▪ $6.6 million issued to entities associated with Matthew A. Drapkin, including funds managed by Northern Right Capital Management, L.P. (Northern Right), a significant shareholder. Mr. Drapkin, a member of the Company’s Board of Directors, is the Chief Executive Officer of Northern Right. ▪ $7.0 million issued to entities associated with Jason W. Reese, including funds managed by ICAM, a significant shareholder. Mr. Reese is the executive chairman of the Company’s Board of Directors. ▪ $0.7 million issued to entities associated with Eric J. Scheyer, a member of the Company’s Board of Directors. ▪ $2.3 million issued to MAST Capital, owner of 7.3% of our outstanding company stock. The Convertible Notes accrue interest at 5.0% per annum, payable semiannually in arrears on June 30 and December 31, commencing June 30, 2020, in cash or in kind at the option of the Company. Each $1,000 principal amount of the Convertible Notes are convertible into 288.0018 shares of the Company’s common stock, subject to the terms therein, prior to maturity at the option of the holder. The Company may, subject to compliance with the terms of the Convertible Notes, effect the conversion of some or all of the Convertible Notes into shares of common stock, subject to certain liquidity and pricing requirements, as specified in the Convertible Notes. The embedded conversion feature in the Convertible Notes qualifies for the scope exception to derivative accounting in ASC Topic 815, Derivatives and Hedging, for certain contracts involving a reporting entity’s own equity. The Company incurred $1.2 million in issuance costs on the original issuance. The debt issuance costs are being amortized over the 10-year Convertible Notes term and are netted with the principal balance within convertible debt on our condensed consolidated balance sheet. The Company incurred interest expense of $0.4 million and $1.3 million, respectively, for the three and nine months ended March 31, 2022. During the three and nine months ended March 31, 2021 the company incurred interest expense of $0.4 million and $1.2 million, respectively, related to the convertible notes, inclusive of non-cash interest related to amortization of discount.

As of March 31, 2022 the total principal balance of Convertible Notes outstanding was $35.2 million including cumulative interest paid-in-kind. The convertible notes (Convertible Notes) are held by a consortium of investors, including $16.6 million issued to certain related parties. Such Convertible Notes issued to related parties include:

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$6.6 million issued to entities associated with Matthew A. Drapkin, including funds managed by Northern Right Capital Management, L.P. (Northern Right), a significant shareholder. Mr. Drapkin, a member of the Company’s Board of Directors, is the Chief Executive Officer of Northern Right.

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$7.0 million issued to entities associated with Jason W. Reese, including funds managed by ICAM, a significant shareholder. Mr. Reese is the executive chairman of the Company’s Board of Directors.

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$0.7 million issued to entities associated with Eric J. Scheyer, a member of the Company’s Board of Directors.

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$2.3 million issued to MAST Capital, owner of 7.3% of our outstanding company stock.

The Convertible Notes accrue interest at 5.0% per annum, payable semiannually in arrears on June 30 and December 31, commencing June 30, 2020, in cash or in kind at the option of the Company. Each $1,000 principal amount of the Convertible Notes are convertible into 288.0018 shares of the Company’s common stock, subject to the terms therein, prior to maturity at the option of the holder.

The Company may, subject to compliance with the terms of the Convertible Notes, effect the conversion of some or all of the Convertible Notes into shares of common stock, subject to certain liquidity and pricing requirements, as specified in the Convertible Notes.

The embedded conversion feature in the Convertible Notes qualifies for the scope exception to derivative accounting in ASC Topic 815, Derivatives and Hedging, for certain contracts involving a reporting entity’s own equity. The Company incurred $1.2 million in issuance costs on the original issuance. The debt issuance costs are being amortized over the 10-year Convertible Notes term and are netted with the principal balance within convertible debt on our condensed consolidated balance sheet.

The Company incurred interest expense of $0.4 million and $1.3 million, respectively, for the three and nine months ended March 31, 2022. During the three and nine months ended March 31, 2021 the company incurred interest expense of $0.4 million and $1.2 million, respectively, related to the convertible notes, inclusive of non-cash interest related to amortization of discount.