Discontinued Operations

9 Months Ended

Mar. 31, 2026

3.	DISCONTINUED OPERATIONS

As previously described, assets and liabilities and income (loss) from discontinued operations are presented separately in the Consolidated Balance Sheets and Income (Loss) for all periods presented.

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