v3.26.1
NOTE PAYABLE
12 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
NOTE PAYABLE

NOTE 11. NOTE PAYABLE

 

The Company assumed a note payable due to a distributor as part of an acquisition. The unpaid principal balance of the loan accrues interest at a rate of 0.97% per annum. The balance is reduced by (i) payments of 10% of the Company’s monthly worldwide gross revenue received in the preceding month and (ii) 50% of sales by the Company to the distributor.

 

During the year ended June 30, 2026, the Company fully satisfied its obligations under the note payable. As of June 30, 2026, no amounts were outstanding under the note payable.