Debt - Components and Fair Value of the Note and Warrant (Details) - USD ($) |
Jun. 30, 2025 |
Jun. 30, 2024 |
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Notes Payable | ||
Outstanding balance | $ 36,800,000 | $ 11,500,000 |
Less: Discounts, net of amortization | 1,400,000 | |
Total notes payable balance | 35,400,000 | $ 11,500,000 |
Subordinated convertible promissory note | ||
Notes Payable | ||
Outstanding balance | 5,125,781 | |
Less: Discounts, net of amortization | 1,272,193 | |
Total notes payable balance | 3,853,588 | |
Estimated fair value at date of issuance | $ 6,825,393 |
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- Definition Fair value portion of convertible debt, including its conversion feature and warrants. No definition available.
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- Definition Amount, before unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount, after accumulated amortization, of debt discount. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Including the current and noncurrent portions, aggregate carrying amount of all types of notes payable, as of the balance sheet date, with initial maturities beyond one year or beyond the normal operating cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Details
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