v3.26.1
SALE OF BUSINESS
 9 Months Ended
Mar. 31, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
SALE OF BUSINESS

NOTE 9. SALE OF BUSINESS

 

In August 2025, the Company closed on an agreement to sell the assets, as defined in the agreement, of its Pose With the Pros business for an initial consideration of $0.25 million in cash and potential future revenue royalties. In connection therewith, the Company received a $0.05 million nonrefundable prepayment of the consideration in June 2025 which is recorded in accrued liabilities in the consolidated balance sheet as of June 30, 2025. The remaining $0.20 million consideration was received in October 2025.

 

In the nine months ended March 31, 2026 the Company recognized a gain on this transaction of $0.24 million which is recorded as gain on sale of business in the condensed consolidated statement of operations.

 

Revenue from the divested business was approximately $0.01 million for the nine months ended March 31, 2026 and $0.01 and $0.14 million, respectively, for the three and nine months ended March 31, 2025.