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SEGMENT INFORMATION
 9 Months Ended 12 Months Ended
Mar. 31, 2026
Jun. 30, 2025
Segment Reporting [Abstract]    
SEGMENT INFORMATION

NOTE 12 – SEGMENT INFORMATION

 

The Company has one business activity and derives its revenue from the design, development, manufacturing and sale of a portfolio of advanced lithium-ion energy storage solutions for electrification of a range of industrial commercial sectors which include material handling and airport ground support equipment. Accordingly, the Company operates as a single operating and reporting segment. The Company’s chief operating decision maker (the “CODM”) is its Chief Executive Officer. The CODM reviews financial information including operating results and assets on a consolidated basis.

 

When evaluating the Company’s financial performance and making strategic decisions, the CODM uses net income (loss) and Adjusted EBITDA to assess performance and allocate financial, capital and personnel resources. Net income (loss) and Adjusted EBITDA are used in the annual operating plan and forecasting process as well as ongoing decisions driven by the monthly or quarterly reviews of the plan versus actual results.

 

The table below is a summary of the segment profit or loss, including significant segment expenses, for the periods presented:

 

   2026   2025   2026   2025 
   Three months ended March 31,   Nine months ended March 31, 
   2026   2025   2026   2025 
Revenues  $6,588,000   $16,742,000   $33,884,000   $49,697,000 
Less:                    
Cost of sales   4,788,000    11,455,000    23,424,000    33,729,000 
General and administrative   3,158,000    4,577,000    9,846,000    13,822,000 
Selling and marketing   767,000    892,000    2,047,000    2,245,000 
Research and development   623,000    1,147,000    2,196,000    3,419,000 
Depreciation   243,000    248,000    745,000    750,000 
Interest expense (net)   184,000    362,000    762,000    1,227,000 
Net loss  $(3,175,000)  $(1,939,000)  $(5,136,000)  $(5,495,000)

 

Assets provided to the CODM are consistent with those reported on the consolidated balance sheets. All long-lived assets are held in the United States, and revenues and net losses are solely generated from operations in the United States.

 

NOTE 13 – SEGMENT INFORMATION

 

The Company has one business activity and derives its revenue from the design, development, manufacturing, and sale of a portfolio of advanced lithium-ion energy storage solutions for electrification of a range of industrial commercial sectors which include material handling, airport ground support equipment (“GSE”), and stationary energy storage. Accordingly, the Company operates as a single operating and reporting segment. The Company’s chief operating decision maker (the “CODM”) is its Chief Executive Officer. The CODM reviews financial information including operating results and assets on a consolidated basis.

 

When evaluating the Company’s financial performance and making strategic decisions, the CODM uses net income (loss) and Adjusted EBITDA to assess performance and allocate financial, capital and personnel resources. Net income (loss) and Adjusted EBITDA are used in the annual operating plan and forecasting process as well as ongoing decisions driven by the monthly or quarterly reviews of the plan versus actual results.

 

The table below is a summary of the segment profit or loss, including significant segment expenses, for the periods presented:

 

SCHEDULE OF SEGMENT INFORMATION

   2025   2024 
   Year ended June 30, 
   2025   2024 
Revenues  $66,434,000   $60,824,000 
Less:          
Cost of sales   44,694,000    43,591,000 
General and administrative   18,337,000    15,669,000 
Selling and marketing   2,965,000    2,218,000 
Research and development   4,464,000    4,916,000 
Depreciation   1,002,000    1,045,000 
Interest   1,646,000    1,718,000 
Net loss  $(6,674,000)  $(8,333,000)

 

Assets provided to the CODM are consistent with those reported on the consolidated balance sheets. All long-lived assets are held in the United States, and revenues and net losses are solely generated from operations in the United States.