Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Mar. 31, 2025 |
Mar. 31, 2024 |
Mar. 31, 2025 |
Mar. 31, 2024 |
|
| Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) | ||||
| Revenue, net | $ 9,167,627 | $ 7,699,175 | $ 24,992,837 | $ 23,092,060 |
| Cost of sales | 6,503,526 | 6,092,988 | 17,553,476 | 16,985,846 |
| Gross profit | 2,664,101 | 1,606,187 | 7,439,361 | 6,106,214 |
| Operating expenses: | ||||
| Selling, general and administrative | 4,448,359 | 3,171,770 | 11,075,005 | 8,691,395 |
| New product development | 757,938 | 569,962 | 1,998,775 | 1,817,598 |
| Amortization of intangible assets | 779,025 | 434,403 | 1,469,512 | 1,201,120 |
| Loss on disposal of property and equipment | 2,068 | 13,248 | 80,505 | 13,248 |
| Total operating expenses | 5,987,390 | 4,189,383 | 14,623,797 | 11,723,361 |
| Operating loss | (3,323,289) | (2,583,196) | (7,184,436) | (5,617,147) |
| Other income (expense): | ||||
| Interest expense, net | (486,833) | (37,649) | (805,246) | (149,048) |
| Loss on extinguishment of debt | (418,502) | 0 | (418,502) | 0 |
| Change in fair value of warrant liability | 870,554 | 0 | 870,554 | 0 |
| Other income (expense), net | (124,359) | 29,109 | (119,380) | 234,024 |
| Total other income (expense), net | (159,140) | (8,540) | (472,574) | 84,976 |
| Loss before income taxes | (3,482,429) | (2,591,736) | (7,657,010) | (5,532,171) |
| Income tax provision | 100,031 | 5,798 | 160,192 | 121,402 |
| Net loss | (3,582,460) | (2,597,534) | (7,817,202) | (5,653,573) |
| Foreign currency translation adjustment | 120,572 | (112,356) | (58,869) | 22,409 |
| Comprehensive loss | $ (3,461,888) | $ (2,709,890) | $ (7,876,071) | $ (5,631,164) |
| Loss per common share (basic) | $ (0.09) | $ (0.07) | $ (0.19) | $ (0.15) |
| Number of shares used in per share calculation (basic) | 41,363,643 | 37,988,770 | 40,209,657 | 37,639,464 |
| Loss per common share (diluted) | $ (0.09) | $ (0.07) | $ (0.19) | $ (0.15) |
| Number of shares used in per share calculation (diluted) | 41,363,643 | 37,988,770 | 40,209,657 | 37,639,464 |
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- Definition The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of increase (decrease) in the fair value of derivatives recognized in the income statement. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The portion of earnings or loss from continuing operations before income taxes that is attributable to domestic operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest expense classified as operating and nonoperating. Includes, but is not limited to, cost of borrowing accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense for research and development. Excludes cost for computer software product to be sold, leased, or otherwise marketed, writeoff of research and development assets acquired in transaction other than business combination or joint venture formation or both, and write-down of intangible asset acquired in business combination or from joint venture formation or both, used in research and development activity. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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