Akerna Corp. Transition report pursuant to Rule 13a-10 or 15d-10

Transition report pursuant to Rule 13a-10 or 15d-10

Fair Value (Tables)

Fair Value (Tables)

6 Months Ended

Dec. 31, 2020

Schedule of reconciliation of fair values


Beginning fair value balance on issue date - June 9, 2020	$	14,960,000
Change in fair value reported in the statements of operations		(766,000	)
Change in fair value reported in other comprehensive income		(63,000	)
Ending fair value balance - June 30, 2020	$	14,131,000
Payments on Convertible Notes		(1,827,273	)
Change in fair value reported in the statements of operations		961,273
Change in fair value reported in other comprehensive income		133,000
Ending fair value balance - December 31, 2020	$	13,398,000

Schedule of fair value by using key inputs


Fair Value Assumptions - Convertible Notes	December 31, 2020			June 30, 2020			June 30, 2019
Face value principal payable	$	15,172,272		$	17,000,000		$	17,000,000
Original conversion price	$	11.5		$	11.5		$	11.5
Value of Common Stock	$	3.24		$	8.8		$	10.28
Expected term (years)		2.3			2.9			3
Volatility		77	%		45	%		45	%
Market yield (range)		27.1% to 27.2	%		23.9	%		23.3% to 23.4	%
Risk free rate		0.1	%		0.2	%		0.2	%

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References + Details