v3.26.1
Fair Value (Tables)
 12 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Estimate Fair Value of Private Warrants and Representative Warrants

The Company utilized the following assumptions to estimate fair value of the Private Warrants and Representative Warrants as of:

 

   June 30,   June 30, 
   2026   2025 
Stock Price  $5.84   $3.77 
Exercise price per share  $11.50   $11.50 
Risk-free interest rate   4.00%   3.63%
Expected term (years)   1.62    2.62 
Expected volatility   50.3%   47.1%
Expected dividend yield   -    - 
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis

The table below presents the balances of assets and liabilities measured at fair value on a recurring basis by level within the hierarchy as follows (in thousands)

  

   As of June 30, 2026 
   Total   Level 1   Level 2   Level 3 
Private Placement and Representative Warrants  $1,496   $-   $-   $1,496 

 

   As of June 30, 2025 
   Total   Level 1   Level 2   Level 3 
Private Placement and Representative Warrants  $646   $—   $—   $646 
Schedule of Change in Number and Fair Value of Private and Representative Warrants

The table below presents the change in the number and fair value of the Private and Representative Warrants since the Merger on June 30, 2026 (in thousands, except the number of shares)

  

   Private Warrants  

Representative

Warrants

   Total 
   Shares   Value   Shares   Value   Shares   Value 
June 30, 2024   4,120,000   $244    50,090   $3    4,170,090   $247 
Exercised   -    -    -    -    -    - 
Classification change from Private to Public   (763,233)   -    (6,750)   -    (769,083)   (454)
Change in value   -    394    -    5    -    853 
June 30, 2025   3,356,767   $638    43,340   $8    3,401,007   $646 
Exercised   -    -    -    -    -    - 
Classification change from Private to Public   -    -    -    -    -    - 
Change in value   -    839    -    11    -    850 
June 30, 2026   3,356,767   $1,477    43,340   $19    3,401,007   $1,496