v3.26.1
Segment Information
 9 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Segment Information

Note 7 – Segment Information

 

The Company operates and manages its business as one reportable and operating segment. The Company’s Chief Operating Decision Maker or “CODM” reviews financial information presented and decides how to allocate resources based on net income (loss). Net income (loss) is used for evaluating financial performance.

 

Significant segment expenses include research and development, salaries, insurance, and stock-based compensation. Operating expenses include all remaining costs necessary to operate the business, which primarily include external professional services and other administrative expenses.

  

The following table presents the significant segment expenses and other segment items regularly reviewed by our CODM:

                    
   For the Three Months Ended   For the Nine Months Ended 
   March 31,   March 31, 
   2026   2025   2026   2025 
   (unaudited)   (unaudited)   (unaudited)   (unaudited) 
                 
Revenue  $3,000   $122,000   $6,000   $198,000 
                     
Cost of revenue   –    (25,000)   –    (38,000)
Gross profit   3,000    97,000    6,000    160,000 
                     
Research and development expenses   –    42,000    11,000    66,000 
Salaries   121,000    117,000    367,000    352,000 
Share based compensation   –    90,000    244,000    195,000 
Consulting fees   50,000    12,000    95,000    51,000 
Professional fees   28,000    31,000    110,000    148,000 
Rent expense   9,000    8,000    26,000    20,000 
Travel expense   2,000    6,000    27,000    18,000 
Other operating expenses   24,000    19,000    80,000    63,000 
Total operating expenses   234,000    325,000    960,000    913,000 
                     
Net operating loss   (231,000)   (228,000)   (954,000)   (753,000)
Gain on patent assignment   –    –    –    880,000 
Interest expense   (3,000)   (2,000)   (14,000)   (5,000)
Discount amortization   (5,000)   –    (5,000)   – 
Change in fair value of derivative liability   20,000    –    20,000    – 
Net Income (loss)  $(219,000)  $(230,000)  $(953,000)  $122,000 

 

Note 8 – Commitment and Contingencies

 

From time to time the Company may be named in claims arising in the ordinary course of business. Currently, there are no such legal proceedings that are pending against the Company or that involve the Company that, in the opinion of management, could reasonably be expected to have a material adverse effect on the Company’s business or financial condition.