Quarterly report [Sections 13 or 15(d)]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.25.4
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
SCHEDULE OF BASIC AND DILUTED NET INCOME (LOSS) PER COMMON SHARE

 

    2025     2024     2025     2024  
    Three months ended
December 31,
    Six months ended
December 31,
 
    2025     2024     2025     2024  
Numerator:                                
Net income (loss)   $ 601,000     $ (1,887,000 )   $ (1,961,000 )   $ (3,556,000 )
                                 
Denominator:                                
Basic weighted-average common shares outstanding     19,686,961       16,682,465       18,261,330       16,682,465  
Effect of dilutive securities:                                
Stock options     7,085                    
RSUs     198,405                    
Common stock warrants     536,603                    
Prefunded preferred stock warrants     2,429,539                    
Diluted weighted-average common shares outstanding     22,858,593       16,682,465       18,261,330       16,682,465  
                                 
Net income (loss) per common share:                                
Basic   $ 0.03     $ (0.11 )   $ (0.11 )   $ (0.21 )
Diluted   $ 0.03     $ (0.11 )   $ (0.11 )   $ (0.21 )
SCHEDULE OF DILUTIVE COMMON SHARES OUTSTANDING EXCLUDED FROM DILUTIVE WEIGHTED AVERAGE COMMON SHARES OUTSTANDING

    2025     2024     2025     2024  
    Three months ended
December 31,
    Six months ended
December 31,
 
    2025     2024     2025     2024  
Stock options     881,302       1,493,278       1,077,607       1,493,278  
RSUs (1)     182,927       113,926       504,878       113,926  
Common stock warrants     1,112,626       1,413,110       2,496,198       1,413,110  
Prefunded preferred stock warrants                 258,144        

 

(1) RSUs amounts presented include performance stock units that have not yet achieved performance goals.