v3.26.1
Income Taxes (Tables)
12 Months Ended
Jun. 30, 2026
Income Taxes  
Schedule of the components of income before provision of income taxes

Years Ended

June 30, 

  ​ ​ ​

2026

  ​ ​ ​

2025

United States

$

2,821,968

$

1,299,850

Foreign

 

133,142

 

48,514

Total income before provision for income taxes

$

2,955,110

$

1,348,364

Schedule of provision for income taxes

Years Ended

June 30, 

  ​ ​ ​

2026

  ​ ​ ​

2025

Current

 

  ​

 

  ​

Federal

$

$

State

 

86,990

 

33,613

Foreign

 

46,052

 

49,198

Deferred

 

 

Federal

 

 

State

 

 

Foreign

 

 

Provision for income tax expense

$

133,042

$

82,811

Schedule of reconciliation of the effective income tax rate

The reconciliation from the federal statutory income tax rate to our effective income tax rate for the fiscal year ended June 30, 2026, applying ASU 2023-09 prospectively, is as follows:

Amount

%

U.S. federal statutory income tax

$

620,573

21.0

%  

State tax, net of federal benefit

 

69,858

2.3

%  

Cross border laws

8,354

0.3

%  

Foreign tax effects

18,092

0.6

%  

Tax credits

(120,343)

(4.1)

%  

Non-taxable or non-deductible items:

 

Equity compensation

233,104

7.9

%  

Change in earnout

218,462

7.4

%  

Other

8,346

0.3

%  

Change in valuation allowance

 

(923,404)

(31.2)

%  

Total

$

133,042

4.5

%  

The reconciliation from the federal statutory income tax rate to the effective income tax rate for the fiscal year ended June 30, 2025, applying ASC 740 prior to the adoption of AUS 2023-09, is as follows:

%

Federal income tax rate

 

21.0

%

State tax, net of federal benefit

 

2.4

%

Change in earnout

22.9

%

Adjustment to prior year

(157.2)

%

Executive compensation

(11.6)

%

Other permanent differences

 

3.1

%

Foreign rate differential

2.9

%

Tax credits

(15.3)

%

Change in valuation allowance

 

137.9

%

Effective income tax rate

 

6.1

%

Schedule of deferred tax assets and liabilities

  ​ ​ ​

June 30, 

  ​ ​ ​

June 30, 

2026

2025

Deferred tax assets:

 

  ​

 

  ​

Federal net operating loss carryforward

$

3,090,317

$

3,475,943

State net operating loss carryforward

 

498,731

 

479,222

Stock based compensation

 

953,875

 

1,164,121

Tax attributes

289,986

196,809

Research costs

994,054

1,713,966

Other

 

18,906

 

63,948

Total deferred tax assets

 

5,845,869

 

7,094,009

Deferred tax liability:

 

 

Depreciation and amortization

 

(1,825,304)

 

(2,102,792)

Net deferred tax assets

 

4,020,565

 

4,991,217

Less valuation allowance

 

(4,020,565)

 

(4,991,217)

$

$

Schedule of cash paid for income taxes (net of refunds)

  ​ ​ ​

Amount

United States

$

State:

 

CA

3,210

FL

 

8,220

GA

 

3,950

IL

 

7,000

MA

 

11,938

MN

3,105

TX

 

3,964

Other

3,603

Foreign

 

26,223

Total

$

71,213