Cybersecurity Risk Management and Strategy Disclosure |
12 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Cybersecurity Risk Management, Strategy, and Governance [Abstract] | |
| Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block] | Risk Management and Strategy
Our cybersecurity program is designed to detect cybersecurity threats and vulnerabilities, protect our information systems from such threats, and ensure the confidentiality, integrity, and availability of systems and information used, owned or managed by us. Our focus is on protecting sensitive information, such as the personal information of our officers, service providers and consultants, and confidential business information that could be leveraged by a competitor or a malicious actor.
We do not maintain a separate formal enterprise risk management function. Given our current size and organizational structure, our cybersecurity risk management processes form part of management’s broader assessment of operational, financial reporting, legal, regulatory and third-party risks. Cybersecurity matters identified through these processes are evaluated by management and, when warranted based on their potential significance, are escalated to the Board of Directors.
Our cybersecurity program has several components, including the adoption of information security protocols, standards, and guidelines consistent with best industry practices; and reliance on the security controls maintained by the third-party providers that host our electronic mail, accounting and filing systems. We did not engage a third-party to conduct security assessment or penetration test, and did not perform internal audit of our cybersecurity protocols, during the year ended June 30, 2026. We employ a risk-based process designed to manage cybersecurity risks presented by third-party vendors that may have access to our sensitive information and/or information technology (“IT”) systems. This process may consider the nature of the services provided, the sensitivity and quantity of information processed, the criticality of any potentially impacted IT systems, and/or the strength of the vendor’s cybersecurity practices.
We monitor potential cybersecurity risks through tracking. These key risks are characterized by various factors such as the likelihood of us experiencing a particular type of cybersecurity incident, the speed at which each type of cybersecurity incident could impact us, and management’s assessment of our ability to respond quickly and efficiently.
An incident response plan aligned with best practices guidelines governs our response to cybersecurity incidents. The incident response plan outlines how we can detect, analyze, contain, eradicate, recover, and perform post-incident activities in the event of a cybersecurity incident. It also contains an internal, risk-based escalation framework designed to ensure that all relevant individuals are promptly informed of any cybersecurity incident and dictates procedures for determining whether a cybersecurity incident is material without unreasonable delay.
Material Effects from Risks of Cybersecurity Threats
While we may experience minor data and cybersecurity incidents from time to time, to our knowledge, the risks posed by cybersecurity threats have not materially affected and are not reasonably likely to materially affect our business strategy, results of operations or financial condition. However, there can be no assurance that we will not be materially affected by such risks in the future. A successful cybersecurity attack may expose us to misuse of information or systems, the compromising of confidential information, manipulation or destruction of data, production downtimes, and operations disruptions. |
| Cybersecurity Risk Management Processes Integrated [Flag] | true |
| Cybersecurity Risk Management Processes Integrated [Text Block] | Our cybersecurity program is designed to detect cybersecurity threats and vulnerabilities, protect our information systems from such threats, and ensure the confidentiality, integrity, and availability of systems and information used, owned or managed by us. |
| Cybersecurity Risk Management Third Party Engaged [Flag] | false |
| Cybersecurity Risk Third Party Oversight and Identification Processes [Flag] | true |
| Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag] | false |
| Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Text Block] | While we may experience minor data and cybersecurity incidents from time to time, to our knowledge, the risks posed by cybersecurity threats have not materially affected and are not reasonably likely to materially affect our business strategy, results of operations or financial condition. |
| Cybersecurity Risk Board of Directors Oversight [Text Block] | Governance – Role of Management
One of the key functions of our executive officers is to inform oversight of our risk management process, which includes risks from cybersecurity threats. Our executive officers monitor and assess strategic risk exposure, and manage the material risks we face.
Our President, who serves as our Principal Executive Officer, works to manage our cybersecurity policies and processes. He is responsible for managing how we identify, address, prevent and resolve cybersecurity issues and related matters. He is also responsible for tracking how we prevent, identify, lessen, and address cybersecurity issues. This is done through regular checks of our systems, tests to identify security weaknesses, and maintaining an incident response plan.
Mr. Wachsman does not hold a formal cybersecurity degree or certification. His relevant expertise is based on his executive and operational experience with technology-focused businesses and his oversight of the Company’s information systems, third-party services providers and cybersecurity processes. He supplements this experience through consultation with external information-technology and cybersecurity services providers, as appropriate.
The full Board of Directors oversees risks from cybersecurity threats. Mr. Wachsman reports material cybersecurity matters to the Board when identified and provides updates regarding the Company’s cybersecurity risk-management processes as circumstances warrant. Matters subject to reporting may include significant cybersecurity threats and vulnerabilities, material third-party service-provider risks, remediation activities and cybersecurity incidents that could significantly affect the Company. |
| Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block] | One of the key functions of our executive officers is to inform oversight of our risk management process, which includes risks from cybersecurity threats. |
| Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block] | He is responsible for managing how we identify, address, prevent and resolve cybersecurity issues and related matters. He is also responsible for tracking how we prevent, identify, lessen, and address cybersecurity issues. This is done through regular checks of our systems, tests to identify security weaknesses, and maintaining an incident response plan. |
| Cybersecurity Risk Role of Management [Text Block] | Mr. Wachsman reports material cybersecurity matters to the Board when identified and provides updates regarding the Company’s cybersecurity risk-management processes as circumstances warrant. Matters subject to reporting may include significant cybersecurity threats and vulnerabilities, material third-party service-provider risks, remediation activities and cybersecurity incidents that could significantly affect the Company. |
| Cybersecurity Risk Management Positions or Committees Responsible [Flag] | true |
| Cybersecurity Risk Management Positions or Committees Responsible [Text Block] | Our President, who serves as our Principal Executive Officer, works to manage our cybersecurity policies and processes. |
| Cybersecurity Risk Management Expertise of Management Responsible [Text Block] | Mr. Wachsman does not hold a formal cybersecurity degree or certification. His relevant expertise is based on his executive and operational experience with technology-focused businesses and his oversight of the Company’s information systems, third-party services providers and cybersecurity processes. |