Note 17 - Fair Value Measurements

12 Months Ended

Jun. 30, 2026

Fair Value Measurement and Measurement Inputs, Recurring and Nonrecurring [Text Block]

NOTE 17 — FAIR VALUE MEASUREMENTS

Fair value measurements are categorized into one of three levels based on the lowest level of significant input used: Level 1 (unadjusted quoted prices in active markets); Level 2 (observable market inputs available at the measurement date, other than quoted prices included in Level 1); and Level 3 (unobservable inputs that cannot be corroborated by observable market data).

Assets and Liabilities Measured at Fair Value on a Recurring Basis

As of June 30, 2026 and 2025, the estimated fair value of the Company's cash, cash equivalents, receivables, inventory, debt, and accounts payable approximated their carrying values.

The Company recorded the estimated fair value of the contingent consideration liability assumed with the acquisition of CBH. The estimated fair value of the contingent consideration liability is included in the Consolidated Balance Sheets within other noncurrent liabilities, totaling $7.0 million at June 30, 2026. The earnout liability is adjusted at fair value quarterly until settled, and changes in fair value will be reported in our Consolidated Statements of Operations.

Changes in the earn-out liability measured at fair value using Level 3 inputs were as follows:

	(in thousands)
Earnout liability at June 30, 2024	$	-

Addition for acquisition		3,354

Earnout liability at June 30, 2025	$	3,354

Increase in estimated earnout liability		3,690

Earnout liability at June 30, 2026	$	7,044

The following provides information regarding fair value measurements for our remaining contingent earnout liability as of June 30, 2026, according to the three-level fair value hierarchy:

	Quoted Prices		Significant
	in Active		Other		Significant
	Markets for		Observable		Unobservable
	Identical Assets		Inputs		Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
(in thousands)
Recurring Fair Value Measurement
Earnout liability	$	-	$	-	$	3,354	$	3,354
Balance as of June 30, 2025	$	-	$	-	$	3,354	$	3,354

	*Quoted Prices*		*Significant*
	*in Active*		*Other*		*Significant*
	*Markets for*		*Observable*		*Unobservable*
	*Identical Assets*		*Inputs*		*Inputs*
	*(Level 1)*		*(Level 2)*		*(Level 3)*		*Total*
(in thousands)
Recurring Fair Value Measurement
Earnout liability	$	-	$	-	$	7,044	$	7,044
Balance as of June 30, 2026	$	-	$	-	$	7,044	$	7,044