v3.26.1
STOCK BASED COMPENSATION (Tables)
9 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
SCHEDULE OF NONVESTED STOCK AWARDS

Schedule of Nonvested Stock Awards

 

(Shares in units; weighted-average grant-date fair value in $)

 

Activity  Shares   Weighted-Average Grant-Date Fair Value 
Nonvested at July 1, 2025        
Granted   1,400,000   $       0.92 
Vested        
Forfeited/Expired        
Nonvested at March 31, 2026   1,400,000   $0.92 
SCHEDULE OF PERFORMANCE-BASED (MARKET CONDITION) AWARDS BY TRANCHE

Schedule of Performance-Based (Market Condition) Awards by Tranche (Units; grant-date shares)

 

Tranche   VWAP Milestone   Grant-Date FV/Share  

Nonvested at

July 1, 2025

   Granted   Vested   Forfeited/Expired  

Nonvested at

March 31, 2026

 
1   $0.75    0.66        3,170,479            3,170,479 
2   $1.00    0.65        3,170,479            3,170,479 
3   $1.24    0.64        3,170,479            3,170,479 
4   $1.49    0.63        3,170,479            3,170,479 
5   $1.74    0.62        3,170,479            3,170,479 
Total                  15,852,395            15,852,395 
SCHEDULE OF KEY ASSUMPTIONS USED IN THE VALUATION OF PERFORMANCE-BASED STOCK AWARDS

Assumption 

September

2025 Grants

 
Expected volatility   140.6%
Risk-free interest rate   3.5%
Expected term   3.0 years
Expected dividend yield   0%
Fair value per share (Tranche 1)  $0.66 
Fair value per share (Tranche 2)  $0.65 
Fair value per share (Tranche 3)  $0.64 
Fair value per share (Tranche 4)  $0.63 
Fair value per share (Tranche 5)  $0.62 
SCHEDULE OF STOCK-BASED COMPENSATION EXPENSE

Stock-based compensation expense recognized in the unaudited condensed consolidated statements of operations was as follows:

 

SCHEDULE OF STOCK-BASED COMPENSATION EXPENSE

   Three Months Ended   Three Months Ended 
   March 31, 2026   March 31, 2025 
Time-based stock awards  $320,950   $ 
Market-based stock awards  $833,879   $ 
Total stock-based compensation expense  $1,154,829   $ 

 

   Nine Months Ended   Nine Months Ended 
   March 31, 2026   March 31, 2025 
Time-based stock awards  $695,392   $ 
Market-based stock awards  $1,788,208   $ 
Total stock-based compensation expense  $2,483,600   $