v3.25.2
Compensatory Equity Incentive Plan and Other Equity Incentives (Tables)
12 Months Ended
Jun. 30, 2025
Compensatory Equity Incentive Plan and Other Equity Incentives  
Schedule of stock-based compensation expense including Stock Options, RSA, RSU

Fiscal Year Ending:

 

Stock Options

 

 

RSAs

 

 

RSUs

 

 

Total

 

June 30, 2026

 

$178,586

 

 

$103,709

 

 

$470,951

 

 

$753,246

 

June 30, 2027

 

 

178,586

 

 

 

49,346

 

 

 

110,083

 

 

 

338,015

 

June 30, 2028

 

 

146,784

 

 

 

-

 

 

 

18,252

 

 

 

165,036

 

 

 

$503,956

 

 

$153,055

 

 

$599,286

 

 

$1,256,297

 

Schedule of share based compensation award plans

Equity Compensation Arrangement

 

Award Shares

Authorized

 

 

Outstanding at

June 30, 2025

 

 

Available for

Issuance at

June 30, 2025

 

SICP (or Omnibus Plan)

 

 

11,215,625

 

 

 

1,923,484

 

 

 

4,184,925

 

2025 ESPP

 

 

400,000

 

 

 

 

 

 

400,000

 

 

 

 

11,615,625

 

 

 

1,923,484

 

 

 

4,584,925

 

Schedule of stock options fair value assumptions

 

 

Year Ended June 30,

 

 

 

2025

 

 

2024

 

Weighted-average expected volatility

 

 

74.0%

 

 

74.0%

Dividend yields

 

 

0%

 

 

0%

Weighted-average risk-free interest rate

 

 

4.09%

 

 

3.98%

Weighted-average expected term, in years

 

 

7.50

 

 

 

7.49

 

Schedule of share-based payment awards activity

 

 

Stock Options

 

 

Restricted Stock Units (RSUs)

 

 

Restricted Stock Awards (RSAs)

 

 

 

 

 

Weighted-

 

 

Weighted-

 

 

 

 

Weighted-

 

 

 

 

Weighted-

 

 

 

 

 

Average

 

 

Average

 

 

 

 

Average

 

 

 

 

Average

 

 

 

 

 

Exercise

 

 

Remaining

 

 

 

 

Remaining

 

 

 

 

Remaining

 

 

 

Shares

 

 

Price

 

 

Contract

 

 

Shares

 

 

Contract

 

 

Shares

 

 

Contract

 

June 30, 2023

 

 

534,462

 

 

$2.03

 

 

 

6.1

 

 

 

1,596,222

 

 

 

1.1

 

 

 

101,733

 

 

 

0.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Granted

 

 

28,736

 

 

$1.74

 

 

 

 

 

 

 

543,305

 

 

 

 

 

 

 

270,070

 

 

 

 

 

Exercised

 

 

(3,000)

 

$1.38

 

 

 

 

 

 

 

(843,246)

 

 

 

 

 

 

(191,007)

 

 

 

 

Cancelled/Forfeited

 

 

(6,509)

 

$1.45

 

 

 

 

 

 

 

(46,149)

 

 

 

 

 

 

(19,256)

 

 

 

 

June 30, 2024

 

 

553,689

 

 

$2.02

 

 

 

5.4

 

 

 

1,250,132

 

 

 

0.8

 

 

 

161,540

 

 

 

1.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Granted

 

 

347,959

 

 

$2.23

 

 

 

 

 

 

 

234,615

 

 

 

 

 

 

 

182,352

 

 

 

 

 

Exercised

 

 

(133,078)

 

$1.97

 

 

 

 

 

 

 

(365,199)

 

 

 

 

 

 

(221,980)

 

 

 

 

Cancelled/Forfeited

 

 

(47,951)

 

$2.47

 

 

 

 

 

 

 

(38,595)

 

 

 

 

 

 

-

 

 

 

 

 

June 30, 2025

 

 

720,619

 

 

$2.10

 

 

 

7.2

 

 

 

1,080,953

 

 

 

0.6

 

 

 

121,912

 

 

 

1.2

 

Awards exercisable/

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

vested as of

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2025

 

 

372,660

 

 

$1.98

 

 

 

4.8

 

 

 

718,739

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Awards unexercisable/ unvested as of

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2025

 

 

347,959

 

 

$2.23

 

 

 

9.8

 

 

 

362,214

 

 

 

0.6

 

 

 

121,912

 

 

 

1.2

 

 

 

 

720,619

 

 

 

 

 

 

 

 

 

 

 

1,080,953

 

 

 

 

 

 

 

121,912

 

 

 

 

 

Schedule of share-based payment awards exercised and vested

 

 

Year Ended June 30,

 

 

 

2025

 

 

2024

 

Intrinsic Value - Exercised

 

 

 

 

 

 

Stock Options

 

$216,473

 

 

$720

 

RSUs

 

 

831,188

 

 

 

1,051,976

 

RSAs

 

 

436,439

 

 

 

243,231

 

 

 

 

 

 

 

 

 

 

Fair Value - Vested

 

 

 

 

 

 

 

 

Stock Options

 

$42,938

 

 

$124,744

 

RSUs

 

 

1,280,694

 

 

 

660,449

 

RSAs

 

 

419,928

 

 

 

243,223

 

 

 

As of June 30,

 

 

 

2025

 

 

2024

 

Stock Options

 

$409,082

 

 

$-

 

RSUs

 

 

2,213,716

 

 

 

740,062

 

Schedule of total stock-based compensation expense included in the consolidated statements of comprehensive income

 

 

Year Ended June 30,

 

 

 

2025

 

 

2024

 

Stock options

 

$67,486

 

 

$94,124

 

RSAs

 

 

439,667

 

 

 

260,322

 

RSUs

 

 

536,311

 

 

 

664,577

 

Total

 

$1,043,464

 

 

$1,019,023