v3.26.3
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Jun. 30, 2026
Summary of Significant Accounting Policies [Abstract]  
Schedule Of Revenue Recognition In arrangements with multiple performance obligations, the estimated transaction price is allocated to each distinct performance obligation based on relative stand-alone selling price.

 

    For the years ended  
    June 30,  
    2026     2025  
Membership (1)   $ 56,311     $ 132,950  
FAST Revenue – related parties (2)     267,509       221,894  
Ad Revenue (3)     385,602       271,638  
Other Revenue     1,460       1,667  
Total   $ 710,882     $ 628,149  

 

(1) Membership sales refer to customers purchasing premium content through our SmartGuide for varying fees and recognized on a gross basis over the service period determined.

 

(2) We provide end-to-end software solutions for development of FAST (Free Ad-Supported TV) channels to customers such as content creation, production, video studio rental, etc. to aid in the creation of content for their channels and a platform fee for distributing the channel. Revenue is recognized at the point in time the services are performed for the development of FAST channels. We charge a monthly platform fee for distributing the FAST channel on our platform. We recognized related party revenue of $267,509 for the year ended June 30, 2026.

 

(3)

During the year ended June 30, 2026, the Company recognized $385,602 of advertising revenue from the sale of advertising inventory, connected television (“CTV”) advertising campaigns, media planning, content distribution, channel promotion, and related digital media services. Revenue is recognized as performance obligations are satisfied and the related advertising, promotional, and media services are delivered.

 

Included in advertising revenue was approximately $138,000 recognized under the Del Air Media Plan Agreement for media planning, audience targeting, creative development, lead-generation services, campaign optimization, and media distribution activities. The Company also recognized approximately $125,000 under the prior LaunchThat advertising and media services agreement for discovery, development, testing, creative production, and media distribution services. In addition, the Company recognized approximately $100,000 under the LaunchThat Programmatic Advertising Insertion Order for programmatic advertising, streaming television, connected television (“CTV”) advertising inventory, creative development, production services, and channel launch activities; approximately $10,000 under the NHK World-Japan Insertion Order for brand awareness and advertising delivery services; and approximately $12,500 under the CCTV News Content Co., Ltd. Internet Distribution Agreement related to content distribution, channel promotion, audience development, and advertising monetization services recognized over the applicable contractual service period. Revenue associated with these arrangements was recognized as the related performance obligations were satisfied.

Schedule of the Following Table Provides the Number of Class A Common Stock Equivalents

The following table provides the number of Class A common stock equivalents not included in diluted income per share, because the effects are anti-dilutive, for the fiscal years ended June 30, 2026, and 2025, respectively.

 

    For the Fiscal Year Ended 
June 30,
 
    2026     2025  
Convertible debt and liabilities     702,779       503,549  
Options     849,448       953,892  
Warrants     3,451,060       8,056,087  
Total     5,003,287       9,513,528