v3.26.1
STOCKHOLDERS’ EQUITY (DEFICIT) (Tables)
12 Months Ended
Jun. 30, 2026
Accumulated Other Comprehensive Income (Loss) [Line Items]  
SCHEDULE OF FAIR VALUE ASSUMPTIONS OF STOCK OPTIONS

The Company uses the Black-Scholes valuation model to calculate the fair value of stock options. Weighted average annualized percentages and expected term inputs used in Black-Scholes valuations during the periods are listed below. No stock options were issued during the twelve months ended June 30, 2025.

 

   Fiscal year ended June 30, 
   2026   2025 (1) 
Expected volatility   95.5%   - 
Risk free interest rate   3.9%   - 
Dividend yield   0.0%   - 
Expected term (years)   5.87    - 

 

 
(1)No stock options were issued during the twelve months ended June 30, 2025.
SCHEDULE OF STOCK OPTIONS ACTIVITY

Activity in stock options during the year ended June 30, 2026 and 2025 and related balances outstanding are reflected below:

 

  

Number of Shares

  

Weighted Average

Exercise Price

  

Weighted Average

Remaining Contract

Term (years)

  

Aggregate

intrinsic Value

  

Weighted Average

Grant Date

Fair Value

 
Outstanding at June 30, 2024   1,605,060   $4.85                   
Granted   -                      
Exercised   -                     
Forfeited and cancelled   (808,400)  $5.60                
Outstanding at June 30, 2025   796,660   $4.10             $3.08 
Granted   536,239   $1.88             $1.23 
Exercised   (62,125)  $4.10             $3.40 
Forfeited and cancelled   (341,892)  $3.43        $115,095   $2.53 
Outstanding at June 30, 2026   928,882   $3.06    7.75        $2.20 
Exercisable at June 30, 2026   368,997   $4.18    6.53        $3.14 
SCHEDULE OF RESTRICTED STOCK UNITS ACTIVITY

Activity in RSUs and PSUs during the year ended June 30, 2026 and 2025 and related balances outstanding are reflected below:

 

   Number of Shares  

Weighted Average

Grant Date

Fair Value

  

Weighted Average

Remaining Contract

Term (years)

 
Outstanding at June 30, 2024   114,666   $5.56     
Granted   200,000   $1.60     
Vested and settled   (102,896)  $5.28     
Forfeited and cancelled   (11,770)  $8.00     
Outstanding at June 30, 2025   200,000   $1.60   1.60 
Granted   304,878   $1.62   1.60 
Vested and settled   (200,000)  $1.60     
Forfeited and cancelled   -          
Outstanding at June 30, 2026   304,878   $1.62   1.60 
SCHEDULE OF EMPLOYEE STOCK PURCHASE PLAN

 

  

Shares of

Common Stock

   Price per Share 
Shares authorized under the 2023 ESPP   350,000      
           
Purchase - March 28, 2024   37,543   $2.80 
Purchase - September 30, 2024   20,987   $2.58 
Purchase - March 31, 2025   29,350   $1.46 
Purchase - September 30, 2025   26,312   $1.39 
Purchase - March 31, 2026   21,248   $0.91 
           
Available under the 2023 ESPP as of June 30, 2026   214,560      
Warrant [Member]  
Accumulated Other Comprehensive Income (Loss) [Line Items]  
SCHEDULE OF FAIR VALUE ASSUMPTIONS OF STOCK OPTIONS

The Company uses the Black-Scholes valuation model to calculate the fair value of common stock. The fair value of warrants was measured at the issuance date using the assumptions in the table below:

 

   Fiscal year ended June 30, 
   2026   2025 (1) 
Expected volatility   88.0%   - 
Risk free interest rate   3.7%   - 
Dividend yield   0.0%   - 
Expected term (years)   5.00    - 

 

 
(1)No common stock warrants were issued during the twelve months ended June 30, 2025.
Common Stock Warrants [Member]  
Accumulated Other Comprehensive Income (Loss) [Line Items]  
SCHEDULE OF STOCK WARRANT ACTIVITY

All of the above issued common stock warrants are outstanding and exercisable as of June 30, 2026. Activity in the Company’s Common Stock Warrants during the year ended June 30, 2026 and 2025 are reflected below:

 

  

Number of Common

Stock Warrants

  

Weighted Average

Exercise Price

Per Warrant

  

Weighted Average

Remaining Contract

Term (years)

 
Outstanding and exercisable at June 30, 2024   1,413,110   $6.14    1.73 
Issued   -           
Exercised   -           
Expired and cancelled   -    2.48      
Outstanding and exercisable at June 30, 2025   1,413,110   $6.14    1.48 
Issued   1,214,766   $1.72    4.21 
Exercised   -           
Expired and cancelled   (131,678)  $4.80      
Outstanding and exercisable at June 30, 2026   2,496,198   $4.06    2.37 
Preferred Stock Warrants [Member]  
Accumulated Other Comprehensive Income (Loss) [Line Items]  
SCHEDULE OF STOCK WARRANT ACTIVITY

 

  

Number of

Preferred Warrants

  

Weighted Average

Exercise Price

per Warrant

  

Convertible to

Common Shares

  

Weighted Average

Remaining Contract

Term (years)

Outstanding and exercisable at June 30, 2025   -              
Issued   258,144   $0.001    2,429,523   N/A
Exercised   -              
Expired and cancelled   -              
Outstanding and exercisable at June 30, 2026   258,144   $0.001    2,429,523   N/A