Note 16 - Commitments and Contingencies |
12 Months Ended |
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Jun. 30, 2026 | |
| Notes to Financial Statements | |
| Commitments and Contingencies Disclosure [Text Block] |
NOTE 16 — COMMITMENTS AND CONTINGENCIES
The Company is party to various negotiations, customer bankruptcies, and legal proceedings arising in the normal course of business. The Company provides reserves for these matters when a loss is probable and reasonably estimable. The Company does not disclose a range of potential loss because the likelihood of such a loss is remote. In the opinion of management, the ultimate disposition of these matters will not have a material adverse effect on the Company’s financial position, results of operations, cash flows or liquidity.
The Company has recorded a $7.0 million contingent liability related to the future earnout payments as part of the acquisition of Canada’s Best Holding (CBH), or which $2.1 million is classified as short term, while $4.9 million is classified as long term. The $7.0 million represents the value of the earnout converted from its functional currency to USD as of June 30, 2026. As of June 30, 2025, the company recorded a $3.4 million contingent liability related to the future earnout payments, and $3.4 million represents the value of the earnout converted from its functional currency to USD as of June 30, 2025.
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