Intangible Assets |
12 Months Ended | ||||||||||||||||||||
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Jun. 30, 2026 | |||||||||||||||||||||
| Intangible Asset, Goodwill and Other [Abstract] | |||||||||||||||||||||
| Intangible Assets |
The Company’s acquisition of the commercial-scale battery recycling facility at the TRIC included water rights valued at $0.8 million and are described as an eighteen and forty-five one-hundredths (18.45) acre-foot/annually portion of the Truckee-Carson Irrigation District, Serial Number 1081-A-1. These have an unlimited useful life upon assignment to a property through use of a will-serve, which has no expiration date.
The table below presents total intangible assets at June 30:
In fiscal year 2025, the Company reclassified certain water rights with a carrying value of $3.8 million to assets held-for-sale in the consolidated balance sheet. This reclassification followed the Company’s decision to actively market these water rights for sale to unrelated third parties. During the year ended June 30, 2026, the Company reclassified its water rights from assets held-for-sale to intangible assets, as the water rights had remained classified as held-for-sale for more than one year and, as of June 30, 2026, there was no current offer or pending transaction that supported continued classification as held-for-sale. |
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