Stock-Based Compensation (Tables)
|
12 Months Ended |
Jun. 30, 2025 |
|---|
| Stock-Based Compensation [Abstract] |
|
| Schedule of Stock Option Activity |
The
following is a summary of stock option activity transactions as of and for the years ended June 30, 2025 and 2024:
| | | Number
Of options | | | Weighted
average
exercise
price | | | Weighted
average
fair
value per
option | | | Weighted
average
remaining
contractual
life in
years | | | Outstanding at June 30, 2023 | | | - | | | $ | - | | | $ | - | | | | - | | | Granted | | | 3,750,000 | | | $ | 9.19 | | | $ | 5.19 | | | | 9.1 | | | Exercised | | | - | | | $ | - | | | $ | - | | | | - | | | Expired | | | - | | | $ | - | | | $ | - | | | | - | | | Forfeiture | | | (495,000 | ) | | $ | 9.81 | | | $ | 5.58 | | | | 9.2 | | | Outstanding at June 30, 2024 | | | 3,255,000 | | | $ | 9.10 | | | $ | 5.13 | | | | 9.1 | | | Granted | | | 465,000 | | | $ | 6.06 | | | $ | 3.69 | | | | 9.3 | | | Exercised | | | - | | | $ | - | | | $ | - | | | | - | | | Expired | | | (224,376 | ) | | $ | 9.76 | | | $ | 5.50 | | | | 8.2 | | | Forfeiture | | | (2,057,499 | ) | | $ | 9.00 | | | $ | 5.12 | | | | 8.4 | | | Outstanding at June 30, 2025 | | | 1,438,125 | | | $ | 8.15 | | | $ | 4.61 | | | | 8.0 | | | Exercisable at June 30, 2025 | | | 531,771 | | | $ | 8.68 | | | $ | 4.66 | | | | 6.8 | |
|
| Schedule of Options Granted were Valued using the Binomial Option Pricing Model |
Total
expense of options vested for the years ended June 30, 2025 and 2024, was $513,553 and $3,607,816, respectively. The options granted
during year ended June 30, 2025 were valued using the binomial option pricing model based on the following range of assumptions:
| |
|
Years ended
June 30, |
|
| |
|
2025 |
|
|
2024 |
|
| Exercise multiple |
|
|
2.8 |
|
|
|
2.8 |
|
| Expected volatility |
|
|
50% - 55 |
% |
|
|
50% - 55 |
% |
| Risk-free interest rate |
|
|
4.062% -4.812 |
% |
|
|
4.049% -4.812 |
% |
| Expected dividend yield |
|
|
0 |
% |
|
|
0 |
% |
|
| Schedule of Awards Granted to Employees |
RSUs are
accounted for as equity using the fair value method, which requires measurement and recognition of compensation expense for all awards
granted to employees, directors and consultants based upon the grant-date fair value.
| | |
Shares | | |
Weighted
average
grant date
fair value | |
| Unvested, June 30, 2023 | |
| - | | |
$ | - | |
| Granted | |
| 637,235 | | |
| 9.46 | |
| Vested | |
| (70,000 | ) | |
| 7.02 | |
| Canceled and forfeited | |
| (83,629 | ) | |
| 9.76 | |
| Unvested, June 30, 2024 | |
| 483,606 | | |
$ | 9.76 | |
| | |
Shares | | |
Weighted average
grant date
fair value | |
| Unvested, June 30, 2024 | |
| 483,606 | | |
$ | 9.76 | |
| Granted | |
| 1,223,830 | | |
| 6.10 | |
| Vested | |
| (606,379 | ) | |
| 7.15 | |
| Canceled and forfeited | |
| (696,087 | ) | |
| 7.68 | |
| Unvested, June 30, 2025 | |
| 404,970 | | |
$ | 6.35 | |
|
| Schedule of Allocation of Stock-Based Compensation |
The
following table summarizes the allocation of stock-based compensation in the accompanying consolidated statements of operations and comprehensive
loss:
| | |
Years
ended
June 30, | |
| | |
2025 | | |
2024 | |
| General and administrative expenses | |
$ | 5,453,313 | | |
$ | 5,885,192 | |
| Sales and marketing
expenses | |
| 162,969 | | |
| 495,090 | |
| Total | |
$ | 5,616,282 | | |
$ | 6,380,282 | |
|