Significant Accounting Policies (Details Narrative) - USD ($) $ in Millions |
12 Months Ended | |
---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
|
Significant Accounting Policies | ||
Cash and cash equivalents | $ 4.9 | |
Repatriated earning | 1.2 | $ 1.4 |
Retained earnings | $ 0.4 | |
Inventory description | The Company looks at the following criteria for parts to consider for the inventory allowance: (i) items that have not been sold in two years and (ii) items that have not been purchased in two years. These items, as identified, are allowed for at 100%, as well as allowing 50% for other items deemed to be slow moving within the last twelve months and allowing 25% for items deemed to have low material usage within the last six months. Items of which we have excess supply are also reserved at 25% to 100%, depending on usage rates |