Subsequent Events |
9 Months Ended | |||
|---|---|---|---|---|
Mar. 31, 2025 | ||||
| Subsequent Events [Abstract] | ||||
| SUBSEQUENT EVENTS |
Management evaluated subsequent events as of the date of the financial statements pursuant to ASC TOPIC 855 and had the following subsequent events to report.
On April 7, 2025, Woosuk Kim provided notice of his resignation as Chief Operating Officer and Director of the Company. The resignation was effective April 11, 2025. As of the date of resignation, none of Woosuk Kim’s stock options had vested. Therefore, stock option expense previously recognized of $210,357 will be reversed during the quarter ended June 30, 2025. Further, unrecognized compensation costs related to these options of approximately $1.1 million will not be recognized in the future. |