v3.26.3
SHARE REPURCHASE PLAN
12 Months Ended
Jun. 30, 2026
SHARE REPURCHASE PLAN [Abstract]  
SHARE REPURCHASE PLAN
NOTE 13 – SHARE REPURCHASE PLAN

On March 4, 2024, the Board of Directors suspended the common stock share repurchase program and common stock DRIP in connection with its pursuit of the listing of its common stock on a securities exchange. When our common stock became eligible for trading on OTC Markets in April 2024, the share repurchase program automatically terminated, and the Board of Directors will decide whether, and when, to reinstate the common stock DRIP.

During the year ended June 30, 2026, we repurchased 92,836.06 shares of our Series A preferred stock, and 6,067.10 shares of our Series B preferred stock, at an aggregate cost of $2,452,977, under our previously-disclosed preferred stock share repurchase program as noted in the table below. These repurchases were settled through issuance of shares of the Company’s common stock.
F-39
We did not repurchase any shares of our common stock and Series C preferred stock during the year ended June 30, 2026.

Period
 
Total Number
of Shares Repurchased
   
Average Repurchase
Price
Per Share
   
Total Repurchase
Consideration
 
During the year ended June 30, 2026
                 
Series A Preferred stock
                 
September 1, 2025 through September 30, 2025
   
7,051.54
   
$
22.80
   
$
170,790
 
October 1, 2025 through December 31, 2025
   
17,242.35
     
24.89
     
429,276
 
January 1, 2026 through March 31, 2026
   
37,913.23
     
24.78
     
944,429
 
April 1, 2026 through June 30, 2026
   
30,628.94
     
24.63
     
757,020
 
     
92,836.06
           
$
2,301,515
 
                         
Series B Preferred stock
                       
November 1, 2025 through November 30, 2025
   
3,290.43
   
$
25.00
   
$
82,255
 
January 1, 2026 through March 31, 2026
   
2,776.67
     
24.90
     
69,207
 
     
6,067.10
           
$
151,462
 

During the year ended June 30, 2025, we repurchased shares of our common stock through our Share Repurchase Program and through third-party auctions as noted in the table below:

Period
 
Total Number
of Shares Repurchased
   
Average Repurchase
Price
Per Share
   
Total Repurchase
Consideration
 
During the nine months ended March 31, 2025
                 
Series A Preferred stock
                 
September 1, 2024 through December 31, 2024
   
-
   
$
-
   
$
5,530
*

* Fees paid for redemption lockup agreements