Goodwill |
12 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Goodwill [Abstract] | |
| GOODWILL |
NOTE 6: - GOODWILL
The Company recorded goodwill in the amount of $3,136 from the Kokomodo Transaction. The goodwill balance was allocated in its entirety to the Kokomodo reporting unit.
Management conducts an annual goodwill impairment test as of June 30, or more frequently if events or changes in circumstances indicate that the carrying amount of goodwill may be impaired. As of June 30, 2026, the Company estimated the fair value of the Kokomodo reporting unit using an income approach, specifically a discounted cash flow method, as part of its annual goodwill impairment test. The discounted cash flow analysis was based on management’s estimates and significant assumptions relating to revenue growth rates and the discount rate. The revenue growth rates reflected management’s expectations regarding the future performance of the Kokomodo reporting unit, considering relevant industry and market conditions. The discount rate was based on the weighted average cost of capital and reflected relevant country-specific and business-specific risks.
Based on this quantitative analysis, management concluded that the fair value of the Kokomodo reporting unit exceeded its carrying amount and, accordingly, goodwill impairment charge was recorded during the year ended June 30, 2026.
As of June 30, 2025, the Company determined that no events occurred, or circumstances changed from April 28, 2025, through June 30, 2025, that would more likely than not reduce the fair value of the reporting unit below it carrying amount. |