Fair Value Measurement (Tables)
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12 Months Ended |
Jun. 30, 2026 |
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| Fair Value Measurements [Line Items] |
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| Schedule of Company’S Liabilities at Fair Value on a Recurring Basis |
The following tables set forth the fair value of the Company’s liabilities at fair value on a recurring basis based on the three-tier fair value hierarchy:
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June 30, 2026 |
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Level 1 |
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Level 2 |
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Level 3 |
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Total |
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Liabilities: |
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Contingent consideration |
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$ |
- |
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$ |
- |
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$ |
1,025,301 |
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$ |
1,025,301 |
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Accompanying warrant liability |
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- |
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- |
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1,971,172 |
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1,971,172 |
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Total liabilities measured at fair value |
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$ |
- |
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$ |
- |
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$ |
2,996,473 |
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$ |
2,996,473 |
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June 30, 2025 |
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Level 1 |
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Level 2 |
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Level 3 |
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Total |
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Liabilities: |
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Contingent consideration |
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$ |
- |
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$ |
- |
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$ |
1,169,675 |
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$ |
1,169,675 |
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Accompanying warrant liability |
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- |
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- |
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3,701,492 |
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3,701,492 |
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Total liabilities measured at fair value |
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$ |
- |
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$ |
- |
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$ |
4,871,167 |
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$ |
4,871,167 |
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| Schedule of Fair Value was Determined by Level 3 Inputs |
The following tables detail the change in fair value of the contingent consideration liability for the periods presented:
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Contingent
Consideration
in a Business
Combination |
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Balance at June 30, 2025 |
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$ |
1,169,675 |
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Change in fair value, net of foreign currency effect |
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(144,374 |
) |
Balance at June 30, 2026 |
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$ |
1,025,301 |
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Contingent
Consideration
in a Business
Combination |
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Balance at June 30, 2024 |
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$ |
587,762 |
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Payment of milestone obligation to Eclipse |
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(134,741 |
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Change in fair value, net of foreign currency effect |
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|
716,654 |
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Balance at June 30, 2025 |
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$ |
1,169,675 |
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| Warrant [Member] |
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| Fair Value Measurements [Line Items] |
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| Schedule of Fair Value was Determined by Level 3 Inputs |
The following table summarizes changes in the fair value of contingent consideration and the accompanying warrant liability, for which each fair value was determined by Level 3 inputs:
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Contingent
Consideration
in a Business
Combination |
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Freestanding
Financial
Instruments
Accompanying
Warrants
Liability |
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Balance at June 30, 2024 |
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$ |
587,762 |
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$ |
4,657,832 |
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Payment of milestone obligation to Eclipse |
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(134,741 |
) |
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- |
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Change in fair value, net of foreign currency effect |
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716,654 |
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(956,340 |
) |
Balance at June 30, 2025 |
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1,169,675 |
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3,701,492 |
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Change in fair value, net of foreign currency effect |
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(144,374 |
) |
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(1,730,320 |
) |
Balance at June 30, 2026 |
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$ |
1,025,301 |
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$ |
1,971,172 |
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