v3.26.1
SEGMENT INFORMATION
 12 Months Ended
Jun. 30, 2026
SEGMENT INFORMATION [Abstract]  
SEGMENT INFORMATION 19.    SEGMENT INFORMATION

The Company has a single reportable segment, the design, manufacture and sale of headphones and related accessories, which reflects the manner in which the Company’s Chief Executive Officer, who is the Company’s CODM, regularly reviews financial information to manage the business, allocate resources and assess performance. The headphones are sold through retailers and distributors both domestically and internationally, as well as direct-to-consumer.


‎

The CODM regularly reviews revenue, certain significant expense categories, net income and select balance sheet items in evaluating segment performance. The significant segment expense categories and other segment items provided to the CODM and included in the measure of segment profit or loss are presented below.

Years Ended June 30,

2026

2025

Net sales

$

13,020,773

$

12,624,170

Cost of goods sold

7,568,362

7,850,572

Gross profit margin

41.9%

37.8%

Selling, general and administrative expenses:

New product certification and compliance testing

54,376

226,719

Legal and professional expense

1,132,874

999,359

Deferred compensation expense

235,831

133,330

Other selling, general and administrative expenses

5,541,781

5,151,313

Selling, general and administrative expenses

6,964,862

6,510,721

Net loss

(391,464)

(874,831)

Segment net loss includes interest income, other income, interest expense and income taxes.

The CODM also reviews the following balance sheet items at period-end as part of performance monitoring and resource allocation decisions:

As of June 30,

2026

2025

Cash and cash equivalents

$

3,020,840

$

2,807,797

Available-for-sale investments, at fair value

16,803,056

—

Short term investments held-to-maturity, at amortized cost

—

12,879,882

Long term investments held to maturity, at amortized cost

—

4,000,774

Inventories

4,592,090

4,885,067

Total segment assets

36,658,764

37,184,609

Because the Company operates as a single reportable segment, the amounts above reconcile directly to the corresponding Consolidated Financial Statement line items.