| Schedule of financial assets measured at fair value on a recurring basis |
The following tables present information about the Company’s financial assets measured at fair value on a recurring basis and indicates the fair value hierarchy classification as of March 31, 2025 and June 30, 2024 (in thousands): | | | | | | | | | | | | | | | | | | Fair Value Measurement of Assets as of March 31, 2025 | | | Total | | Level 1 | | Level 2 | | Level 3 | Cash and cash equivalents: | | | | | | | | | | | | | Money market funds | | $ | 7,695 | | $ | 7,695 | | $ | — | | $ | — | Corporate commercial paper | | | 3,496 | | | — | | | 3,496 | | | — | Marketable debt securities: | | | | | | | | | | | | | Corporate commercial paper | | | 18,456 | | | — | | | 18,456 | | | — | U.S. Government agencies | | | 4,943 | | | — | | | 4,943 | | | — | U.S. Government treasuries | | | — | | | — | | | — | | | — | Corporate notes and bonds | | | 50,411 | | | — | | | 50,411 | | | — | Total | | $ | 85,001 | | $ | 7,695 | | $ | 77,306 | | $ | — |
| | | | | | | | | | | | | | | Fair Value Measurement of Assets as of June 30, 2024 | | | Total | | Level 1 | | Level 2 | | Level 3 | Cash and cash equivalents: | | | | | | | | | | | | | Money market funds | | $ | 61,249 | | $ | 61,249 | | $ | — | | $ | — | Marketable debt securities: | | | | | | | | | | | | | Corporate commercial paper | | | 20,929 | | | — | | | 20,929 | | | — | U.S. Government agencies | | | 1,997 | | | — | | | 1,997 | | | — | U.S. Government treasuries | | | 2,720 | | | — | | | 2,720 | | | — | Corporate notes and bonds | | | 30,832 | | | — | | | 30,832 | | | — | Asset-backed securities | | | 263 | | | — | | | 263 | | | — | Total | | $ | 117,990 | | $ | 61,249 | | $ | 56,741 | | $ | — |
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| Schedule of changes in the fair value of the company's derivative liabilities, fair value, level 3 inputs |
The following table sets forth changes in the fair value of the Company’s liabilities for which fair value was determined on a recurring basis for the nine months ended March 31, 2025 and 2024 (in thousands): | | | | | | | | | | | | | | | 2025 | | 2024 | | | Warrant | | Embedded | | Warrant | | Embedded | Fair value, beginning of period | | $ | — | | $ | 468 | | $ | — | | $ | 412 | Warrant liability incurred on March 8, 2024 | | | — | | | — | | | 5,697 | | | — | Changes in fair value | | | — | | | 15 | | | 1,950 | | | 41 | Fair value, end of period | | $ | — | | $ | 483 | | $ | 7,647 | | $ | 453 |
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