Note 16 - Foreign Operations

12 Months Ended

Jun. 30, 2026

Notes to Financial Statements

Foreign Currency Disclosure [Text Block]

16. Foreign Operations

Assets and liabilities denominated in non-U.S. currencies are translated at rates of exchange prevailing on the balance sheet date, and revenues and expenses are translated at average rates of exchange for the period. Gains or losses on the translation of the financial statements of a non-U.S. operation, where the functional currency is other than the U.S. dollar, are reflected as a separate component of equity, which was a cumulative gain of approximately $1.3 million and $1.0 million as of June 30, 2026 and 2025, respectively. During the years ended June 30, 2026 and 2025, we also recognized net foreign currency transaction losses of approximately $0.1 million and $0.1 million, respectively, included in the accompanying consolidated statements of comprehensive income (loss) in the line item entitled “Other income, net.”

Revenues by geographic area, based on shipping destination, for the fiscal years ended June 30, 2026 and 2025 as follows:

		*Year Ended June 30,*
		*2026*				*2025*
Revenues:
United States		$	37,040,332			$	22,956,327
United Kingdom (1)			14,998,206				3,434,525
Israel			7,700,312				2,700,537
China			4,524,750				2,912,179
Other European countries			4,652,974				2,961,382
Other Asian countries			1,826,708				1,004,132
Rest of world			978,817				1,233,548
		$	71,722,099			$	37,202,630

(1)

The majority of shipments to the United Kingdom are for a customer that integrates products in the United Kingdom and returns them to their customers in the U.S.

Long-lived assets by geographic area as of June 30, 2026 and 2025 are as follows:

		*June 30,*				*June 30,*
		*2026*				*2025*
Long-lived assets:
United States		$	56,884,880			$	45,982,722
Latvia			5,176,771				4,848,441
China			2,049,520				2,300,608
		$	64,111,171			$	53,131,771

The entire disclosure for foreign currency transactions and translation. This may include description of foreign currency transactions, foreign currency gains and losses, explanation of change in cumulative translation adjustment, description of effect of subsequent foreign currency exchange rate change, cumulative translation adjustment movement, foreign currency translation adjustment by component movement, translation adjustment for net investment hedge movement, adjustment for long-term intercompany transactions, schedule of long-term intercompany balances and any other foreign currency transactions and translation related items.

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