v3.25.2
STOCKHOLDERS’ EQUITY
12 Months Ended
Jun. 30, 2025
Equity [Abstract]  
STOCKHOLDERS’ EQUITY

NOTE 14 - STOCKHOLDERS’ EQUITY

 

During the years ended June 30, 2025 and 2024, the Company issued 58,335 and 70,035 shares of common stock, respectively, to the independent Board of Directors as part of their board compensation. The grant date fair value of the shares was $159,000 for each period, and was recorded as compensation expense in the accompanying consolidated financial statements.

 

During the year ended June 30, 2025, the Company issued 59,528 shares of common stock to the CEO for his bonus earned in fiscal year 2024. The fair market value of the shares was $151,201.

 

During the year ended June 30, 2025, the Company issued 2,680 shares of common stock to a consultant pursuant to the terms of his consultancy agreement. The grant date fair value of the shares was $8,333 and was recorded as compensation expense in the accompanying consolidated financial statements.

 

During the year ended June 30, 2024, the Company issued 5,000 shares of common stock to employees pursuant to the terms of their employment agreements. The grant date fair value of the shares was $9,050 and was recorded as compensation expense in the accompanying consolidated financial statements.