v3.26.1
Fair Value of Financial Instruments
 9 Months Ended
Mar. 31, 2026
Investments, All Other Investments [Abstract]  
Fair Value of Financial Instruments

Note 6 – Fair Value of Financial Instruments

 

The Company’s fair value measurement policies, including the three-level hierarchy framework under ASC 820, are described in Note 2. The Company’s mortgage notes payable were recorded at estimated fair value upon acquisition in accordance with ASC 805 and are subsequently carried at amortized cost. The Company believes the carrying amounts approximate fair value as of March 31, 2026 based on the variable interest rate terms of the underlying instruments. See Note 12 for the Company’s recurring fair value measurements of derivative liabilities.

 
Fair Value of Financial Instruments

Note 12 – Fair Value of Financial Instruments

 

The Company evaluates its financial assets and liabilities subject to fair value measurements on a recurring basis to determine the appropriate level in which to classify them for each reporting period. This determination requires significant judgments to be made.

 

Liabilities measured at fair value on a recurring basis consisted of the following at March 31, 2026 and June 30, 2025:

 

   March 31, 2026 
   Level 1   Level 2   Level 3   Total 
Liabilities                    
Derivative liabilities  $-   $-   $4,463,819   $4,463,819 
Total  $-   $-   $4,463,819   $4,463,819 

 

   June 30, 2025 
   Level 1   Level 2   Level 3   Total 
Liabilities                    
Derivative liabilities  $-   $-   $1,102,992   $1,102,992 
Total  $-   $-   $1,102,992   $1,102,992