v3.25.1
Acquisitions - Assets and liabilities assumed (Details) - USD ($)
 9 Months Ended
Dec. 01, 2023
Jul. 28, 2023
Mar. 31, 2025
Jun. 30, 2024
Fair value of consideration        
Contingent earn-out     $ 15,110,910 $ 12,298,114
Allocation of the consideration to the fair value of assets acquired and liabilities assumed:        
Goodwill     $ 16,372,979 $ 16,315,888
Resolute AI        
Fair value of consideration        
Cash   $ 2,774,000    
Holdback cash paid   125,000    
Contingent earnout liability incurred   1,867,000    
Total purchase price   4,766,000    
Allocation of the consideration to the fair value of assets acquired and liabilities assumed:        
Cash and cash equivalents   59,000    
Accounts receivable   132,000    
Prepaid expenses   43,000    
Accounts payable and accrued expenses   (33,000)    
Deferred revenue   (649,000)    
Other current liabilities   (60,000)    
Net tangible assets   (508,000)    
Net identifiable intangible assets   2,100,000    
Goodwill   3,174,000    
Fair value of net assets acquired   4,766,000    
Resolute AI | Developed technology        
Allocation of the consideration to the fair value of assets acquired and liabilities assumed:        
Net identifiable intangible assets   2,000,000    
Resolute AI | Customer relationships        
Allocation of the consideration to the fair value of assets acquired and liabilities assumed:        
Net identifiable intangible assets   $ 100,000    
Scite        
Fair value of consideration        
Cash $ 7,217,000      
Holdback cash paid 175,000      
Contingent earnout liability incurred 7,194,000      
Common Stock (2,729,014 shares at $2.40 per share) 6,549,000      
Total purchase price 21,135,000      
Common stock     2,729,014  
Common stock per share     $ 2.4  
Allocation of the consideration to the fair value of assets acquired and liabilities assumed:        
Accounts receivable 109,000      
Accounts payable and accrued expenses (27,000)      
Deferred revenue (997,000)      
Other current liabilities (18,000)      
Net tangible assets (933,000)      
Net identifiable intangible assets 8,870,000      
Goodwill 13,198,000      
Fair value of net assets acquired 21,135,000      
Scite | Developed technology        
Allocation of the consideration to the fair value of assets acquired and liabilities assumed:        
Net identifiable intangible assets 8,800,000      
Scite | Customer relationships        
Allocation of the consideration to the fair value of assets acquired and liabilities assumed:        
Net identifiable intangible assets $ 70,000