Warrant

12 Months Ended

Jun. 30, 2026

Note 12. Warrant

The following table summarizes warrant activity for the twelve months ended June 30, 2026 and 2025:


	Number of Warrant Shares			Weighted Average Exercise Price USD
Balance at June 30, 2024		1,579,086		$	7.92
Exercised		(524,705	)		-
Balance at June 30, 2025		1,054,381		$	11.88
Exercised		-			-
Balance at June 30, 2026		1,054,381		$	11.88

At June 30, 2026, the fair value of the accompanying warrant, which is required to be subsequently measured pursuant to U.S. GAAP, was calculated using a probability-adjusted weighted average Black-Scholes calculation which considered scenarios and outcomes associated with the likely successful closing of the publicly announced merger transaction. At June 30, 2025, the fair value of the

accompanying warrant was calculated using a standalone Black-Scholes calculation in accordance with the facts and circumstances that existed on that date.

The following assumptions were utilized at June 30, 2026 and 2025, respectively:


	Year Ended June 30,	Year Ended June 30,
	2026	2025
Expected term (in years)	3	4
Expected volatility	100% - 112.7%	79.6%
Risk-free interest	4.2%	3.7%
Dividend yield	—%	—%

The classification, expiration date, and exercise price of the shares of common stock underlying the outstanding warrant at June 30, 2026 is as follows:

          
         Number of 
Warrant Shares
Outstanding

         Exercise Price

         Expiration Date

         Classification

2024 accompanying warrant

1,054,381

11.88

June 2029

Liability

The weighted average remaining contractual life of the 2024 accompanying warrant outstanding at June 30, 2026 is 2.93 years.