v3.26.3
Accrued Liabilities and Acquisition Payable
 12 Months Ended
Jun. 30, 2026
Accrued Liabilities and Acquisition Payable  
Accrued Liabilities and Acquisition Payable

Note 9. Accrued Liabilities and Acquisition Payable

 

Accrued liabilities consist of the following:

 

 

 

June 30,

 

 

 

2026

 

 

2025

 

Accrued professional fees

 

$353,815

 

 

$300,000

 

Accrued sales tax

 

 

3,620

 

 

 

38,281

 

Accrued services

 

 

1,314,213

 

 

 

-

 

Other accrued liabilities

 

 

3,873

 

 

 

17,783

 

Accrued liabilities 

 

$1,675,521

 

 

$356,064

 

 

Acquisition payable consists of the following:

 

 

 

June 30,

 

 

 

2026

 

 

2025

 

Payable accrued related to the acquisition of Cygnet

 

$260,652

 

 

$260,652

 

Acquisition payable

 

$260,652

 

 

$260,652

 

 

These payables are amounts estimated by management that are due to the sellers of the acquisition and include the original purchase price installment payments not represented with a debt, equity, or other instrument, estimates of excess or deficiencies in working capital and estimates of future earnout payments.