Commitments and Contingencies |
12 Months Ended |
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Jun. 30, 2026 | |
| Commitments and Contingencies Disclosure [Abstract] | |
| Commitments and Contingencies | Note 7 - Commitments and Contingencies
Contingencies - Legal Matters
The Company is subject to litigation claims arising in the ordinary course of business. The Company records litigation accruals for legal matters which are both probable and estimable and for related legal costs as incurred. The Company does not reduce these liabilities for potential insurance or third-party recoveries.
In April 2026, a former placement agent and its affiliates asserted claims against the Company relating to an engagement agreement and certain warrants previously issued by the Company. No legal proceeding has been commenced. The Company believes the claims are without merit and intends to defend itself vigorously. The Company has not recorded a liability for this matter and is unable to estimate the possible loss or range of loss, if any.
Other than the matter described above, as of June 30, 2026, the Company is not aware of any litigation, pending litigation, or other transactions that require accrual or disclosure.
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