v3.26.3
Segment Information
 12 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Information

Note 12 – Segment Information

 

The Company operates and manages its business as one reportable and operating segment. The Company’s CODM reviews financial information presented and decides how to allocate resources based on net income (loss). Net income (loss) is used for evaluating financial performance.

 

Significant segment expenses include research and development, salaries, insurance, and stock-based compensation. Operating expenses include all remaining costs necessary to operate the business, which primarily include external professional services and other administrative expenses. The following table presents the significant segment expenses and other segment items regularly reviewed by our CODM:

          
   Year Ended June 30, 
   2026   2025 
Revenue  $3,000   $203,000 
Cost of revenue   –    (38,000)
Gross profit   3,000    165,000 
           
Research and development   (11,000)   (95,000)
Salaries   (493,000)   (471,000)
Consulting fees   (101,000)   (67,000)
Professional fees   (171,000)   (168,000)
Rent expense   (36,000)   (29,000)
Travel expense   (56,000)   (30,000)
Stock-based compensation   (394,000)   (201,000)
Other operating expenses   (129,000)   (91,000)
Total operating expenses   (1,391,000)   (1,152,000)
           
Net operating loss   (1,388,000)   (987,000)
           
Gain on patent assignment   –    880,000 
Interest and other expense, net   (40,000)   (6,000)
Change in fair value of derivative liability   24,000    – 
Net loss  $(1,404,000)  $(113,000)