Note 8 - Business Risk and Credit Risk Concentration Involving Cash |
12 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Notes to Financial Statements | |
| Concentration Risk Disclosure [Text Block] |
(8) Business Risk and Credit Risk Concentration Involving Cash
During fiscal year ended June 30, 2026, customers individually accounted for more than 10% of the Company’s total revenue. Revenue from these customers was approximately $265 thousand (29%), $219 thousand (24%), and $201 thousand (22%), respectively. The Company operates as a single reporting segment. Additionally, the material amount of the Company's receivables was comprised by companies for the fiscal year ended June 30, 2026 and two companies for the fiscal year ended June 30, 2025.
The Company maintains funds in bank accounts that may exceed the limit insured by the Federal Deposit Insurance Corporation. The risk of loss attributable to these uninsured balances is mitigated by depositing funds in what the Company believes to be high credit quality financial institutions. The Company has not experienced any losses in such accounts. The general insurance limit is $250,000 per separately insured depositor. These balances as of June 30, 2026, are $7.8 million across three financial institutions.
The Company’s ability to raise capital through its ATM program depends on market conditions, trading volume, and other factors beyond its control. Sales under the program may result in dilution to existing stockholders, and the availability of additional shares for issuance could create an overhang on the Company’s common stock. If market conditions are unfavorable, the Company may not be able to access the program on attractive terms, or at all. |