v3.26.3
Debt (Tables)
12 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Summary of Debentures

At June 30, 2026 and at June 30, 2025, the Debenture consisted of the following:

 

 

 

 

 

 

 

 

 

June 30, 2026

 

 

June 30, 2025

 

 

 

 

 

 

Debt liability of royalty convertible debenture before issuance costs

 

$

12,239,622

 

 

 

$

12,239,622

 

Less: unamortized issuance costs

 

(435,055

)

 

 

 

(609,077

)

Net debt liability of royalty convertible debenture

 

 

 

11,804,567

 

 

 

 

11,630,545

 

Derivative liability of royalty convertible debenture

 

 

 

8,946,218

 

 

 

 

4,077,929

 

Components of Recorded Interest Expense

The following table summarizes the components of recorded interest expense:

 

 

 

For the Year Ended June 30, 2026

 

 

For the Year Ended June 30, 2025

 

 

Royalty Convertible Debenture

 

$

1,520,833

 

 

$

1,516,667

 

 

Amortization of issuance costs on Royalty Convertible Debenture

 

 

174,022

 

 

 

174,022

 

 

Total interest expense

 

$

1,694,855

 

 

$

1,690,689