v3.25.2
INCOME TAXES (Tables)
 12 Months Ended
Jun. 30, 2025
Income Tax Disclosure [Abstract]  
SUMMARY OF (LOSS) INCOME BEFORE INCOME TAXES

The following table summarizes loss before income taxes (in thousands):

 

         
   Years Ended June 30, 
   2025   2024 
United States  $(6,327)  $(5,420)
Foreign   (1,055)   (28)
Loss before income taxes  $(7,382)  $(5,448)
SCHEDULE OF BENEFIT FROM (PROVISION FOR) INCOME TAXES

The composition of the benefit from income taxes consisted of the following (in thousands):

 

         
   Years Ended June 30, 
   2025   2024 
United States  $1,302   $1,408 
Foreign   260    (29)
Total benefit from income taxes  $1,562   $1,379 

 

 

         
   Years Ended June 30, 
   2025   2024 
         
Current:          
Federal  $(39)  $299 
States   (16)   (43)
Foreign   7    (74)
Total current   (48)   182 
Deferred:          
Federal   1,356    1,071 
States   1    81 
Foreign   253    45 
Total deferred   

1,610

    1,197 
Total benefit from income taxes  $1,562   $1,379 
SCHEDULE OF DEFERRED TAX ASSETS

Tax effects of temporary differences that give rise to significant portions of the Company’s deferred tax assets for the years ended June 30, 2025 and 2024 are presented below (in thousands):

 

         
   Years Ended June 30, 
   2025   2024 
         
Deferred tax assets:          
Intangible assets - U.S.  $685   $756 
Net operating loss   2,222    801 
Capital loss carryover   45    43 
Accruals, reserves and other - U.S.   488    369 
Total deferred tax assets - U.S.  $3,440   $1,969 
           
Deferred tax liabilities:          
Intangible assets - foreign  $(195)  $(313)
Accruals, reserves and other - foreign   (26)   (47)
Total deferred tax liabilities - foreign  $(221)  $(360)
Total net deferred tax assets  $3,219   $1,609 
SCHEDULE OF INCOME TAX BENEFIT EXPENSE

 

         
   Years Ended June 30, 
   2025   2024 
Federal tax benefit at statutory rate  $1,550   $1,144 
State income taxes   (12)   47 
Permanent differences   (14)   240 
Foreign rate differential   38   (52)
Total tax benefit  $1,562   $1,379 

 

         
   Years Ended June 30, 
   2025   2024 
         
Federal tax benefit at statutory rate   21.0%   21.0%
State income taxes   (0.2)%   0.9%
Permanent differences   (0.1)%   4.1%
Foreign rate differential   0.5%   (0.7)%
Total tax benefit   21.2%   25.3%