COMMITMENTS AND CONTINGENCIES |
9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2026 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Commitments and Contingencies Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| COMMITMENTS AND CONTINGENCIES | NOTE 14. COMMITMENTS AND CONTINGENCIES
Lease Costs
The Company made cash payments for all operating leases for the nine months ended March 31, 2026 and 2025, of approximately $0.18 million and $0.37 million, respectively, which were included in net cash used in operating activities within the condensed consolidated statements of cash flows. As of March 31, 2026, the Company’s operating leases have a weighted average remaining lease term of 0.74 years and weighted average discount rate of 8.38%.
The total rent expense for all operating leases for the three months ended March 31, 2026 and 2025, was approximately $0.05 million and $0.07 million, respectively.
The total rent expense for all operating leases for the nine months ended March 31, 2026 and 2025, was approximately $0.17 million and $0.27 million, respectively.
Lease Commitments
The Company has various operating leases for its offices. These existing leases have remaining lease terms ranging from approximately 0.67 to 1.08 years. Certain lease agreements contain options to renew, with renewal terms that generally extend the lease terms by 1 to 3 years for each option. The Company has renewed one of its current leases and that renewal is incorporated herewith.
Future approximate undiscounted lease payments for the Company’s operating lease liabilities and a reconciliation of these payments to its operating lease liabilities as of March 31, 2026 are as follows:
Contingent Consideration for Acquisitions
Contingent consideration for acquisition consists of the following as of March 31, 2026 and June 30, 2025, respectively (see Note 6):
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