v3.26.1
Discontinued Operations (Tables)
 9 Months Ended
Mar. 31, 2026
Discontinued Operations [Abstract]  
Schedule of Discontinued Operations
The following tables reconcile the carrying amounts of the major classes of assets and liabilities of discontinued operations to the current assets and liabilities of discontinued operations as presented on the Company’s Consolidated Balance Sheets:
 
Assets and Liabilities of Discontinued Operations
   
March 31,
2026
     
June 30,
2025
  
Current Assets of Discontinued Operations
      
Cash and cash equivalents
      345,878        332,441  
Accounts receivable, net
      179,233        465,104  
Prepaids and other current assets
      4,067        2,200  
Inventories
      541,135        961,173  
  
 
 
     
 
 
  
Total Current Assets of Discontinued Operations
      1,070,313        1,760,918  
  
 
 
     
 
 
  
Current Liabilities of Discontinued Operations
      
Accounts payable and accrued liabilities
      279,198        173,438  
Severance
      531,136        —   
  
 
 
     
 
 
  
Total Current Liabilities of Discontinued Operations
      810,334        173,438  
  
 
 
     
 
 
  
The following table provides details about the major classes of line items constituting “Income (loss) from discontinued operations” as presented in the Company’s Consolidated Statements of Income (Loss):
Income (Loss) from Discontinued Operations
 
    
Three Months Ended
  
    
3/31/2026
     
3/31/2025
  
Sales
      659,848        1,261,578  
Cost of Sales
      (592,886 )       (1,085,953 ) 
  
 
 
     
 
 
  
Gross Margin
      66,962        175,625  
Operating Expenses
      
General and administrative
      240,120        215,699  
Research and development
      827        13,187  
Amortization and depreciation
      600        600  
  
 
 
     
 
 
  
Total Operating Expenses
      241,547        229,486  
Loss of Discontinued Operations before Provision for Income Taxes
      (174,585 )       (53,861 ) 
  
 
 
     
 
 
  
Provision for Income Taxes
      —         —   
  
 
 
     
 
 
  
Net loss of Discontinued Operations
      (174,585 )       (53,861 ) 
  
 
 
     
 
 
  
 
    
Nine Months ended
  
    
March 31,
2026
     
March 31,
2025
  
Sales
      2,600,157        3,637,923  
Cost of sales
      (1,945,842 )       (2,507,991 ) 
  
 
 
     
 
 
  
Gross profit
      654,315        1,129,932  
Operating Expenses
      
General and administrative
      830,923        620,108  
Research and development
      12,973        26,156  
Amortization and depreciation
      1,798        1,798  
  
 
 
     
 
 
  
Total Operating Expenses
      845,694        648,062  
Loss of Discontinued Operations before Provision for Income Taxes
      (191,379 )       481,870  
  
 
 
     
 
 
  
Provision for Income Taxes
      —         —   
  
 
 
     
 
 
  
Net income (loss) of Discontinued Operations
      (191,379 )       481,870