v3.26.3
Related Party Transactions
12 Months Ended
Jun. 30, 2026
Related Party Transactions [Abstract]  
Related Party Transactions

Note 11 - Related Party Transactions

 

A shareholder of the Company was paid $190,000 and $90,000 as consulting fees in the years ended June 30, 2026 and 2025, respectively.

 

A director of the Company was paid $176,100 and $135,875 as consulting fees in the years ended June 30, 2026 and 2025, respectively.

 

A company controlled by a director of the Company was paid $103,800 and $152,279 as consulting fees during the years ended June 30, 2026 and 2025, respectively.

 

In December 2019, the Company received $50,000 of proceeds from a promissory note, entered into with an executive of the Company, which bears interest at the rate of 12% per annum and matures on the earlier of the nine-month anniversary of the loan or the completion of an initial public offering. The Company completed an initial public offering in September 2024, and the parties agreed to carry the note as due on demand. The balance of this note was $50,000 and $50,000 as of June 30, 2026 and June 30, 2025, respectively.