RELATED PARTY TRANSACTION |
12 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Related Party Transactions [Abstract] | |
| RELATED PARTY TRANSACTION | NOTE 14. RELATED PARTY TRANSACTION
In June 2026, the company sold the Learning subsidiary to an entity controlled by the former chief executive officer of the Company. See Note 5.
In February 2025, the company paid to the current (effective June 1, 2026) chief executive officer of the Company and his immediate family $ million representing contingent consideration due from the August 2022 purchase of the BLI Sub. In October 2025, the company paid to the current (effective June 1, 2026) chief executive officer of the Company and his immediate family an additional $ million representing the final contingent consideration due from the August 2022 purchase of the BLI Sub by the Company. There are no further contingent consideration payments due on the August 2022 purchase of the BLI Sub as of June 30, 2026. See Note 8.
The May 2026 SPA (Note 11) included 16,197 shares of common stock (and associated warrants) issued to current and former Company executives and Board members. Gross proceeds received from these related parties was approximately $71,000.
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