Note 17 - Subsequent Events |
12 Months Ended | ||
|---|---|---|---|
Jun. 30, 2026 | |||
| Notes to Financial Statements | |||
| Subsequent Events [Text Block] |
The Company evaluated subsequent events through September 28, 2026, the date the consolidated financial statements were issued.
On July 1, 2026, the Company entered into Stock Purchase Agreements to acquire an aggregate of 4,709,837 shares of common stock of SPAR Group, Inc. Aggregate consideration was approximately $3.3 million and consisted of a previously paid $100,000 non-refundable deposit, approximately $625,000 of cash consideration and the issuance of an unsecured promissory note with a principal amount of $2,571,885. The note bears interest at 6.0% per annum and matures on July 1, 2030. The transaction occurred subsequent to June 30, 2026 and therefore has not been recognized in the accompanying consolidated financial statements as of June 30, 2026. |