Segment Reporting |
6 Months Ended |
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Dec. 31, 2025 | |
| Segment Reporting [Abstract] | |
| Segment Reporting |
12) Segment Reporting
ASC 280, Segment Reporting (“Topic 280”), establishes standards for reporting information about operating segments on a basis consistent with the Company's internal organizational structure as well as information about geographical areas and business segments. The Company’s only business activity is to liquidate the Company’s assets, settle Causes of Action and distribute the available cash to the Interestholders. As discussed in Note 2, the Company uses the Liquidation Basis of Accounting and therefore doesn’t report revenues in its consolidated financial statements. The Company is managed on a consolidated basis.
The chief operating decision maker (“CODM”) has been identified as the Liquidation Trustee, who reviews results when making decisions about allocating resources and assessing performance and the management of the Company’s business activities. The CODM reviews consolidated financial performance on a quarterly basis including accrued liquidation costs as presented in Note 5. Based on management’s assessment, the Company determined that it has only one operating segment and, therefore, one reportable segment, as defined by Topic 280. The accounting policies for the Company’s single reportable segment are the same as those described in Note 2. The measure of segment assets is reported on the consolidated statement of net assets in Liquidation, and the CODM assesses performance and decides how to allocate resources based on the consolidated changes in net assets in liquidation as reported in the consolidated financial statements.
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