v3.26.1
SEGMENT REPORTING (Tables)
 12 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
SCHEDULE OF REVENUE, GOVERNMENT SUPPORT INCOME, NET LOSS AND LONG LIVED ASSETS AND INVENTORIES

The following tables set forth the Company’s revenue, government support income, net loss and long-lived assets and inventories by operating and reportable segments.

 

  A) Revenue, government support income and net loss

 

Revenue      
   Years Ended June 30, 
Revenue  2026   2025 
United Kingdom  $4,153,759   $2,868,027 
APAC   12,467    29,167 
Americas   8,750    22,638 
Rest of world   40,199    132,700 
Total Revenue  $4,215,175   $3,052,532 
         
Government Support Income          
United Kingdom  $268,181   $169,208 
APAC   409,595    647,693 
Total Government Support Income  $677,776   $816,901 
         
Net Income (Loss)          
United Kingdom  $(2,561,802)  $(2,933,973)
APAC   (4,476,343)   (3,474,856)
Americas   (5,464,294)   (4,300,017)
Rest of world   33,767    103,960 
Net Loss  $(12,468,672)  $(10,604,886)

 

  B) Long-lived assets and inventories, net

 

Long-lived assets, net  June 30, 2026   June 30, 2025 
United Kingdom  $4,550,608   $3,906,667 
APAC   293,992    204,497 
Total Long-Lived Assets  $4,844,600   $4,111,164 
        
Inventories, net          
United Kingdom  $361,839   $564,559 
APAC   56,738    70,656 
Total Inventories  $418,577   $635,215 
         
Total Long-Lived Assets and Inventories, net  $5,263,177   $4,746,379 

 

 

The Company’s segment revenue, segment expenses, segment net income (loss), and a reconciliation of the total reportable segment’s net income (loss) to the consolidated net income(loss) are as follows:

 

 

                
   Year Ended June 30, 2026 
   United Kingdom   APAC   Americas   Rest of world   Total 
Revenue  $4,153,759   $12,467   $8,750   $40,199   $4,215,175 
Add: Government support income   268,181    409,595    -    -    677,776 
Less: Cost of revenue (exclusive of amortization shown separately below)   (2,145,701)   (11,396)   (1,652)   (6,432)   (2,165,181)
Selling, general and administrative expenses   (3,211,045)   (3,525,546)   (3,765,570)   -    (10,502,161)
Development and regulatory approval expenses   (584,671)   (981,399)   (1,805,222)   -    (3,371,292)
Depreciation and amortization   (1,081,838)   (82,009)   -    -    (1,163,847)
Impairment of long-lived assets   -    (298,555)   -    -    (298,555)
Other segment items(1)    39,513    500    99,400    -    139,413 
Segment net income (loss)  $(2,561,802)  $(4,476,343)  $(5,464,294)  $33,767   $(12,468,672)

 

(1) Other segment items included interest income, interest expense and realized currency gain.

 

                
   Year Ended June 30, 2025 
   United Kingdom   APAC   Americas   Rest of world   Total 
Revenue  $2,868,027   $29,167   $22,638   $132,700   $3,052,532 
Add: Government support income   169,208    647,693    -    -    816,901 
Less: Cost of revenue (exclusive of amortization shown separately below)   (1,722,369)   (41,576)   (12,988)   (28,740)   (1,805,673)
Selling, general and administrative expenses   (2,542,544)   (2,932,636)   (3,443,288)   -    (8,918,468)
Development and regulatory approval expenses   (531,299)   (910,031)   (955,183)   -    (2,396,513)
Depreciation and amortization   (1,168,155)   (39,720)   -    -    (1,207,875)
Impairment of long-lived assets   -    (220,062)   -    -    (220,062)
Other segment items(1)    (6,841)   (7,691)   88,804    -    74,272 
Segment net income (loss)  $(2,933,973)  $(3,474,856)  $(4,300,017)  $103,960   $(10,604,886)

 

(1) Other segment items included interest income, interest expense and realized currency loss.