XML 28 R17.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Significant Accounting Policies (Tables)
9 Months Ended
Mar. 31, 2024
Accounting Policies [Abstract]  
Deferred Revenue, by Arrangement, Disclosure [Table Text Block]
(in thousands)For the Three Months Ended March 31, For the Nine Months Ended March 31,
2024202320242023
Beginning of Period$316 $259 $426 $332 
Additions284 185 560 425 
Revenue Recognized197 149 583 462 
End of Period$403 $295 $403 $295 
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
For the Three Months Ended March 31, For the Nine Months Ended March 31,
2024202320242023
Numerator:
  Numerator for basic loss per share:
 Net (loss) income$(162,149)$585,235 $(259,667)$258,468 
Undeclared dividends on preferred stock12,830 13,006 38,842 38,735 
Net (loss) income applicable to common shareholders$(174,979)$572,229 $(298,509)$219,733 
Numerator for diluted loss per share:
Diluted (loss) income$(162,149)$585,235 $(259,667)$258,468 
Undeclared dividends on preferred stock12,830 13,006 38,842 38,735 
Net (loss) income applicable to common shareholders$(174,979)$572,229 $(298,509)$219,733 
Denominator for basic (loss) earning per share
Denominator for basic (loss) earning per share - weighted average shares outstanding
7,415,329 7,415,329 7,415,329 7,415,329 
Weighted average preferred stock converted to common stock— 6,063,607 — 6,063,607 
 Denominator for diluted (loss) income assumed conversion7,415,329 13,478,936 7,415,329 13,478,936 
Net (loss) income per share:
Basic net (loss) income per share$(0.02)$0.08 $(0.04)$0.03 
Diluted net (loss) income per share$(0.02)$0.04 $(0.04)$0.02 
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]
The following table summarizes convertible preferred stock and securities that, if exercised would have an anti-dilutive effect on earnings per share.

For the Three Months Ended March 31,For the Nine Months Ended March 31,
2024202320242023
Stock options157,000 157,000 157,000 157,000 
Convertible preferred stock6,407,820 — 6,407,820 — 
Total potential dilutive securities not included in loss per share6,564,820 157,000 6,564,820 157,000 
Accounts Receivable, Allowance for Credit Loss
 For the Three Months Ended March 31, For the Nine Months Ended March 31,
 2024202320242023
Balance, at the beginning of the period$133,524 $241,349 $153,878 $236,349 
Provision (Reversal)— (98,400)(20,354)(93,400)
Write-offs(900)— (900)— 
Balance, at the end of the period$132,624 $142,949 $132,624 $142,949