v3.25.2
SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Jun. 30, 2025
Accounting Policies [Abstract]  
The following table sets forth the computation of the Company’s basic and diluted net loss per share attributable to common shareholders:

The Company utilizes the weighted average method to determine the impact of changes in a participating security on the calculation of loss per share. The following table sets forth the computation of the Company’s basic and diluted net loss per share attributable to common shareholders:

 

   For the year ended June 30, 
   2025   2024 
Net loss  $(17,982)  $(11,898)
Adjust: Net loss attributable to noncontrolling interest   577    458 
Net loss available to participating securities   (17,405)   (11,440)
Net loss attributable to Vested Shares   1,102    967 
Net loss attributed to common shareholders - basic and diluted  $(16,303)  $(10,473)
Denominator:          
Weighted average shares outstanding – basic and diluted   45,072,895    34,320,024 
Loss per Common Share outstanding – basic and diluted  $(0.36)  $(0.31)
Schedule of excluded from the dilutive securities

   For the year ended June 30, 
Excluded potentially dilutive securities (1)(2):   2025   2024 
Options  3,020,000   2,495,500 
Warrants   31,839,152    18,563,561 
Convertible debt   -    2,849,000 
Total potentially dilutive securities   34,859,152    23,908,061 

 

  (1) The number of shares is based on the maximum number of shares issuable on exercise or conversion of the related securities as of the period end. Such amounts have not been adjusted for the treasury stock method or weighted average outstanding calculations as required if the securities were dilutive.
  (2) Earnout Shares (as defined below) are excluded as the vesting terms were not met as of the end of the reporting period.