v3.26.1
Debt (Tables)
9 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Summary of Debentures

At March 31, 2026 and June 30, 2025, the Debenture consisted of the following:

 

 

 

 

 

 

 

 

 

March 31, 2026

 

 

June 30, 2025

 

 

 

 

 

 

Debt liability of royalty convertible debenture before issuance costs

 

$

12,239,622

 

 

 

$

12,239,622

 

Less: unamortized issuance costs

 

(478,561

)

 

 

 

(609,077

)

Net debt liability of royalty convertible debenture

 

 

 

11,761,061

 

 

 

 

11,630,545

 

Derivative liability of royalty convertible debenture

 

 

 

8,421,522

 

 

 

 

4,077,929

 

Components of Recorded Interest Expense

The following table summarizes the components of recorded interest expense:

 

 

Three Months Ended March 31, 2026

 

 

Three Months Ended March 31, 2025

 

 

For the Nine Months Ended March 31, 2026

 

 

For the Nine Months Ended March 31, 2025

 

 

Royalty Convertible Debenture

 

$

375,000

 

 

$

375,000

 

 

$

1,141,666

 

 

$

1,141,668

 

 

Amortization of issuance costs on Royalty Convertible Debenture

 

 

43,506

 

 

 

43,506

 

 

 

130,516

 

 

 

130,516

 

 

Total interest expense

 

$

418,506

 

 

$

418,506

 

 

$

1,272,182

 

 

$

1,272,184