Compensatory Equity Incentive Plan and Other Equity Incentives (Tables)
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12 Months Ended |
Jun. 30, 2025 |
Compensatory Equity Incentive Plan and Other Equity Incentives |
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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 | |
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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 | |
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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 | |
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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 | | | | | |
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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 | |
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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 | |
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