v3.25.2
CERTAIN BALANCE SHEET DETAILS
 12 Months Ended
Jun. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
CERTAIN BALANCE SHEET DETAILS

NOTE 4. CERTAIN BALANCE SHEET DETAILS

 

The components of certain balance sheet line items are as follows (in thousands).

  

   June 30,   June 30, 
Restricted cash  2025   2024 
Deposit restricted relating to account for Fintech app   51   50 
Deposit for securing a lease bond   12    12 
Total restricted cash  $63   $62 

 

   June 30,   June 30, 
Other current assets  2025   2024 
Deposit for potential 9.9% equity interest in financial institution  $-   $1,800 
Prepaid expenses and other current assets   1,067    1,234 
Total other current assets  $1,067   $3,034 

 

Included in the other current assets balance as of June 30, 2024 was a deposit of $1.8 million made in connection with the potential acquisition of a less than 10% equity interest in a US domestic financial institution that was seeking certain regulatory approval. This was accounted for as a deposit in other current assets until regulatory approval was obtained in September 2024. Following approval, and the deposit was converted into an equity interest in the financial institution and has since been presented in other assets, non-current in the consolidated balance sheet as shown in the table “Other assets, non-current” below.

  

   June 30,   June 30, 
Inventories  2025   2024 
Raw materials and supplies  $1,211   $1,417 
Finished goods   790    774 
Total inventories  $2,001   $2,191 

 

 

   June 30,   June 30, 
Property and equipment, net  2025   2024 
Manufacturing equipment   $1,935   $1,935 
Land and building    575    575 
Other equipment    854    827 
Total property and equipment, gross    

3,364

    3,337 
Accumulated depreciation    

(2,326

)   (2,171)
Total property and equipment, net   $1,038   $1,166 

 

 

For the years ended June 30, 2025 and 2024, depreciation expense for property and equipment totaled $0.2 million and $0.1 million, respectively.

 

   June 30,   June 30, 
Other assets, non-current  2025   2024 
Equity investment in a financial institution  $1,800   $- 
Equity investment in a registered investment advisor   502    502 
Deposits and other assets   37    117 
Total other assets, non-current  $2,339   $619 

 

The $1.8 million investment represents an equity interest of less than 10% in a domestic financial institution and the $0.5 million investment represents a 10% equity interest in a registered investment advisor. These equity interests do not have readily determinable fair values and are measured at cost minus impairment. There have been no impairments, downwards adjustments, nor upward adjustments during the periods presented nor cumulatively.

  

   June 30,   June 30, 
Accounts payable and accrued expenses  2025   2024 
Accounts payable  $2,083   $1,955 
Accrued operating expenses   1,151    1,185 
Accrued payroll, vacation and bonus payable   597    736 
Taxes payable   -    145 
Total  $3,831   $4,021