Stockholders' Equity (Tables)

3 Months Ended

Sep. 30, 2022

Equity [Abstract]

Schedule of Reserved Shares Stock on Converted Basis

We had reserved shares of stock, on an as-if converted basis, for issuance as follows:

	September 30, 2022		June 30, 2022
Warrants		25,646,453		25,818,247
Earnout shares		5,726,864		5,726,864
Total		31,373,317		31,545,111

Schedule of Share-Based Compensation Expense

The following table provides total stock-based compensation expense by award type:

	Three Months Ended
	September 30, 2022		September 30, 2021
(in thousands)	As Restated
Stock option awards	$	1,700	$	-
Restricted stock units		2,951		-
Total stock-based compensation	$	4,651	$	-

Summary of Stock Options Activity

The following table presents a summary of stock option activity under the 2021 Plan:

As Restated	Stock Options			Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Life (Years)		Aggregate Intrinsic Value
Outstanding at June 30, 2022		3,503,527		$	10.50		3.22	$	-
Granted		173,364			6.01		3.90		-
Exercised		-			-		-		-
Forfeited or cancelled		(1,250	)		10.50		-		-
Outstanding at September 30, 2022		3,675,641		$	10.30		3.03		-

Summary of Restricted Stock Units Activity

The following table presents a summary of restricted stock units activity for the periods presented:

As Restated	Restricted Stock Units		Weighted-Average Grant Date Fair Value
Outstanding at June 30, 2022		1,902,068	$	8.14
Granted		88,587		5.66
Issued		-		-
Forfeited or cancelled		-		-
Outstanding at September 30, 2022		1,990,655	$	8.03

Summary of Changes in Repurchases of Common Stock and Warrants

The table below summarizes the changes in repurchases of common stock and warrants:

(in thousands)	September 30, 2022
Balance at June 30, 2022		3,053,447
Repurchases of common stock		-
Repurchases of warrants		171,994
Balance at September 30, 2022		3,225,441