v3.25.4
Note 3 - Acquisition of G5 Infrared (Tables)
6 Months Ended
Dec. 31, 2025
Notes Tables  
Business Combination, Contingent Consideration [Table Text Block]
  

February 18,

 

Description

 

2025

 

Cash consideration

 $20,250,000 

Net working capital adjustment

  (423,871)

Equity portion of consideration

  4,872,066 

Earnout portion of consideration

  3,536,471 

Revenue clawback

  (1,104,471)

Fair value of consideration transferred

 $27,130,195 
Business Combination, Recognized Asset Acquired and Liability Assumed [Table Text Block]
      

Measurement

     
  

Preliminary as of

  

Period

  

Final as of

 
  

March 31,

  

Adjustments

  

June 30,

 

Description

 

2025

  

Net

  

2025

 

Assets:

            

Accounts receivable

 $1,897,098  $  $1,897,098 

Inventory

  5,065,451      5,065,451 

Prepaid expenses and other current assets

  363,413      363,413 

Property and equipment

  1,542,707      1,542,707 

Operating lease right-of-use asset

  463,985      463,985 

Goodwill

  2,977,344   4,012,450   6,989,794 

Other intangible assets

  19,295,000   (5,543,000)  13,752,000 

Other assets

  21,748      21,748 

Total assets acquired

 $31,626,746  $(1,530,550) $30,096,196 

Liabilities:

            

Accounts payable

  1,981,164      1,981,164 

Accrued liabilities

  336,263      336,263 

Operating lease liabilities, current

  268,972      268,972 

Deferred tax liabilities, noncurrent

  1,174,650   (1,037,668)  136,982 

Operating lease liabilities, noncurrent

  242,620      242,620 

Total liabilities assumed

 $4,003,669  $(1,037,668) $2,966,001 

Net assets acquired

 $27,623,077  $(492,882) $27,130,195 
Business Combination, Intangible Asset, Acquired, Finite-Lived [Table Text Block]
      

Useful Lives

 

Intangible Asset

 

Total

  

(Years)

 

Backlog

 $361,000   1 

Know-how

  4,801,000   10 

Tradename

  3,450,000   15 

Customer relationships

  5,140,000   15 

Total

 $13,752,000     
Business Combination, Pro Forma Information [Table Text Block]
  

Three Months Ended

  

Six Months Ended

 
  

December 31,

  

December 31,

 
  

2024

  

2024

 

Revenue

 $12,242,915  $26,734,400 
         

Income before taxes

 $(2,007,747) $(2,917,353)