SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
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12 Months Ended |
Jun. 30, 2025 |
Accounting Policies [Abstract] |
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Schedule of disaggregation of revenues |
Schedule of disaggregation of revenues | |
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| |
| |
Year Ended June 30, | |
| |
2025 | | |
2024 | |
Engineering Design Services | |
$ | 4,938,158 | | |
$ | 8,519,130 | |
Systems Manufacturing | |
| 8,290,225 | | |
| 3,731,754 | |
Micro Optics Lab | |
| 2,135,562 | | |
| 2,720,925 | |
Ross Optical Industries | |
| 3,727,324 | | |
| 4,132,541 | |
Total Revenues | |
$ | 19,091,269 | | |
$ | 19,104,350 | |
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Schedule of contract liabilities |
Schedule of contract liabilities | |
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| |
| |
Year Ended June 30, | |
| |
2025 | | |
2024 | |
Contract liabilities, beginning of period | |
$ | 1,172,350 | | |
$ | 1,174,690 | |
Unearned revenue received from customers | |
| 1,364,332 | | |
| 1,946,946 | |
Revenue recognized | |
| (714,753 | ) | |
| (1,949,286 | ) |
Contract liabilities, end of period | |
$ | 1,821,929 | | |
$ | 1,172,350 | |
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Schedule of inventory |
Schedule of inventory | |
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| |
| |
2025 | | |
2024 | |
Raw material | |
$ | 1,799,624 | | |
$ | 1,570,135 | |
Work-in-progress | |
| 598,720 | | |
| 157,406 | |
Finished goods | |
| 1,163,768 | | |
| 1,140,559 | |
Total Inventories (Net) | |
$ | 3,562,112 | | |
$ | 2,868,100 | |
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Schedule of estimated useful lives |
Schedule of estimated useful lives |
|
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Asset Classification |
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Estimated Useful Life |
Machinery and equipment |
|
2-7 years |
Leasehold improvements |
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Shorter of lease term or estimated useful life |
Furniture and fixtures |
|
5 years |
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Schedule of allowance for credit losses |
Schedule of allowance for credit losses | |
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| |
Year Ended June 30, | |
| |
2025 | | |
2024 | |
Allowance for credit losses, beginning of period | |
$ | 118,872 | | |
$ | 606,715 | |
Change in the provision for expected credit losses | |
| (44,858 | ) | |
| (23,541 | ) |
Writeoffs charged against the allowance | |
| 6,178 | | |
| (464,302 | ) |
Allowance for credit losses, end of period | |
$ | 80,192 | | |
$ | 118,872 | |
|
Schedule of loss per share |
Schedule of loss per share | |
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| |
| |
Year Ended June 30, | |
| |
2025 | | |
2024 | |
Net Loss– Basic and Diluted | |
$ | (5,780,246 | ) | |
$ | (2,951,377 | ) |
| |
| | | |
| | |
Basic and diluted weighted average shares outstanding | |
| 6,790,466 | | |
| 6,068,329 | |
| |
| | | |
| | |
Loss per share | |
| | | |
| | |
Basic and fully diluted | |
$ | (0.85 | ) | |
$ | (0.49 | ) |
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