v3.26.1
Note 3 - Acquisitions (Tables)
12 Months Ended
Jun. 30, 2026
Notes Tables  
Business Combination, Contingent Consideration [Table Text Block]
  

January 21,

 

Description

 

2026

 

Cash consideration

 $7,000,111 

Net working capital adjustment

  (76,874)

Equity portion of consideration

  544,195 

Earnout portion of consideration

  1,780,000 

Selling expense at closing

  2,000 

Fair value of consideration transferred

 $9,249,432 
  

February 18,

 

Description

 

2025

 

Cash consideration

 $20,250,000 

Net working capital adjustment

  (423,871)

Equity portion of consideration

  4,872,066 

Earnout portion of consideration

  3,536,471 

Revenue clawback

  (1,104,471)

Fair value of consideration transferred

 $27,130,195 
Business Combination, Recognized Asset Acquired and Liability Assumed [Table Text Block]
  

Preliminary as of

  

Measurement

     
  

January 21,

  

Period

  

Final as of

 

Description

 

2026

  

Adjustments, Net

  

June 30, 2026

 

Assets:

            

Accounts receivable

 $155,324  $  $155,324 

Inventory

  455,399      455,399 

Property and equipment

  182,050      182,050 

Goodwill

  5,561,256      5,561,256 

Other intangible assets

  2,980,000      2,980,000 

Total assets acquired

 $9,334,029  $  $9,334,029 

Liabilities:

            

Accounts payable

  27,994      27,994 

Accrued liabilities

  97,134   (80,520)  16,614 

Current deposits

  39,989      39,989 

Total liabilities assumed

 $165,117  $(80,520) $84,597 

Net assets acquired

 $9,168,912  $80,520  $9,249,432 
      

Measurement

     
  

Preliminary as of

  

Period

  

Final as of

 

Description

 

March 31, 2025

  

Adjustments, Net

  

June 30, 2025

 

Assets:

            

Accounts receivable

 $1,897,098  $  $1,897,098 

Inventory

  5,065,451      5,065,451 

Prepaid expenses and other current assets

  363,413      363,413 

Property and equipment

  1,542,707      1,542,707 

Operating lease right-of-use asset

  463,985      463,985 

Goodwill

  2,977,344   4,012,450   6,989,794 

Other intangible assets

  19,295,000   (5,543,000)  13,752,000 

Other assets

  21,748      21,748 

Total assets acquired

 $31,626,746  $(1,530,550) $30,096,196 

Liabilities:

            

Accounts payable

  1,981,164      1,981,164 

Accrued liabilities

  336,263      336,263 

Operating lease liabilities, current

  268,972      268,972 

Deferred tax liabilities, noncurrent

  1,174,650   (1,037,668)  136,982 

Operating lease liabilities, noncurrent

  242,620      242,620 

Total liabilities assumed

 $4,003,669  $(1,037,668) $2,966,001 

Net assets acquired

 $27,623,077  $(492,882) $27,130,195 
Business Combination, Intangible Asset, Acquired, Finite-Lived [Table Text Block]
      

Useful Lives

 

Intangible Asset

 

Total

  

(Years)

 

Backlog

 $90,000   1 

Developed technology

  930,000   10 

Tradename

  390,000   10 

Customer relationships

  1,570,000   10 

Total

 $2,980,000     
      

Useful Lives

 

Intangible Asset

 

Total

  

(Years)

 

Backlog

 $361,000   1 

Developed technology

  4,801,000   10 

Tradename

  3,450,000   15 

Customer relationships

  5,140,000   15 

Total

 $13,752,000     
Business Combination, Pro Forma Information [Table Text Block]
  

Year Ended June 30,

 
  

2026

  

2025

 

Revenue

 $73,280,192  $52,828,817 
         

Income before taxes

 $(20,052,850) $(8,842,465)