Pay vs Performance Disclosure - USD ($)
Jun. 30, 2026
Jun. 30, 2025
Pay Versus Performance
The following table sets forth certain information with respect to the Company’s financial performance and the compensation paid to our Named Executive Officers for the fiscal years ended on June 30, 2026 and 2025, in accordance with the SEC disclosure requirements for a smaller reporting company as set forth in Item 402(v)(8) of Regulation S-K.
Year | Summary Compensation Table Total for PEO(1) | Compensation Actually Paid to PEO(1)(2) | Average Summary Compensation Table Total for Non-PEO NEOs(3) | Average Compensation Actually Paid to Non-PEO NEOs(3)(2) | Value of Initial Fixed $100 Investment Based on: | Net Income (Loss) ($ in thousands)(5) | ||||||||||||
Total Shareholder Return(4) | ||||||||||||||||||
2026 | $6,168,963 | $25,967,180(6) | $2,175,437 | $ 8,369,919(7) | $321.14 | $(683) | ||||||||||||
2025 | $1,547,000 | $957,445(6) | $738,075 | $853,325(7) | $78.18 | $(35,343) | ||||||||||||
(1) | The name of the Principal Executive Officer of the Company (“PEO”) reflected in these columns for each of the applicable fiscal years is Patrick Blair. |
(2) | In calculating the ‘compensation actually paid’ amounts reflected in these columns, the fair value or change in fair value, as applicable, of the equity award adjustments included in such calculations was computed in accordance with FASB ASC Topic 718. The valuation assumptions used to calculate such fair values did not materially differ from those disclosed at the time of grant. |
(3) | The names of each of the non-PEO Named Executive Officers reflected in these columns for each applicable fiscal year are as follows: (i) for fiscal year 2026, Benjamin Adams and Nicole D’Amato; and (ii) for fiscal year 2025, Michael Scarbrough and Nicole D’Amato. |
(4) | The Company total shareholder return (“TSR”) reflected in this column for each applicable fiscal year is calculated based on a fixed investment of $100 at the applicable measurement point on the same cumulative basis as is used in Item 201(e) of Regulation S-K. |
(5) | Represents the amount of net income (loss) reflected in the Company’s audited GAAP financial statements for each applicable fiscal year. |
(6) | For each fiscal year included in this table, the ‘compensation actually paid’ to the PEO reflects each of the following adjustments made to the total compensation amounts reported in the Summary Compensation Table for the applicable fiscal year, computed in accordance with Item 402(v) of Regulation S-K: |
Fiscal Year 2026 | Fiscal Year 2025 | |||||
Total Compensation Reported in Summary Compensation Table | $6,168,963 | $1,547,000 | ||||
Less, Grant Date Fair Value of Stock and Option Awards Reported in the Summary Compensation Table | ($4,183,686) | $— | ||||
Plus, Year-End Fair Value of Awards Granted in the Covered Fiscal Year that are Outstanding and Unvested | $20,716,803 | $— | ||||
Plus, Change in Fair Value of Awards Granted in Prior Years that are Outstanding and Unvested (from Prior Year-End to Year-End) | $3,173,558 | ($575,046) | ||||
Plus, Vesting Date Fair Value of Awards Granted in the Covered Fiscal Year that Vested in that Year | $— | $— | ||||
Plus, Change in Fair Value of Awards Granted in Prior Years that Vested in the Covered Fiscal Year (from Prior Year-End to Vesting Date) | $91,542 | ($14,508) | ||||
Less, Prior Year-End Fair Value of Awards Granted in Prior Years that Failed to Vest in the Covered Fiscal Year | $— | $— | ||||
Plus, Dollar Value of Dividends, Dividend Equivalents or other Earnings Paid on Stock and Option Awards in the Covered Fiscal Year Prior to Vesting (if not reflected in the fair value of such award or included in Total Compensation for that year) | $— | $— | ||||
Total Adjustments | $19,798,217 | ($589,555) | ||||
Compensation Actually Paid for the Covered Fiscal Year | $25,967,180 | $957,445 | ||||
(7) | For each fiscal year included in this table, the average ‘compensation actually paid’ to the non-PEO Named Executive Officers reflects each of the following adjustments made to the total compensation amounts reported in the Summary Compensation Table for the applicable fiscal year, computed in accordance with Item 402(v) of Regulation S-K: |
Fiscal Year 2026 | Fiscal Year 2025 | |||||
Total Compensation Reported in Summary Compensation Table | $2,175,437 | $738,075 | ||||
Less, Grant Date Fair Value of Stock and Option Awards Reported in the Summary Compensation Table | ($1,285,498) | $— | ||||
Plus, Year-End Fair Value of Awards Granted in the Covered Fiscal Year that are Outstanding and Unvested | $5,913,807 | $185,321 | ||||
Plus, Change in Fair Value of Awards Granted in Prior Years that are Outstanding and Unvested (from Prior Year-End to Year-End) | $1,531,396 | ($65,391) | ||||
Plus, Vesting Date Fair Value of Awards Granted in the Covered Fiscal Year that Vested in that Year | $— | $— | ||||
Plus, Change in Fair Value of Awards Granted in Prior Years that Vested in the Covered Fiscal Year (from Prior Year-End to Vesting Date) | $34,776 | ($4,680) | ||||
Less, Prior Year-End Fair Value of Awards Granted in Prior Years that Failed to Vest in the Covered Fiscal Year | $— | $— | ||||
Plus, Dollar Value of Dividends, Dividend Equivalents or other Earnings Paid on Stock and Option Awards in the Covered Fiscal Year Prior to Vesting (if not reflected in the fair value of such award or included in Total Compensation for that year) | $— | $— | ||||
Total Adjustments | $6,194,482 | $115,250 | ||||
Compensation Actually Paid for the Covered Fiscal Year | $8,369,919 | $853,325 | ||||
(1) | The name of the Principal Executive Officer of the Company (“PEO”) reflected in these columns for each of the applicable fiscal years is Patrick Blair. |
(3) | The names of each of the non-PEO Named Executive Officers reflected in these columns for each applicable fiscal year are as follows: (i) for fiscal year 2026, Benjamin Adams and Nicole D’Amato; and (ii) for fiscal year 2025, Michael Scarbrough and Nicole D’Amato. |
(6) | For each fiscal year included in this table, the ‘compensation actually paid’ to the PEO reflects each of the following adjustments made to the total compensation amounts reported in the Summary Compensation Table for the applicable fiscal year, computed in accordance with Item 402(v) of Regulation S-K: |
Fiscal Year 2026 | Fiscal Year 2025 | |||||
Total Compensation Reported in Summary Compensation Table | $6,168,963 | $1,547,000 | ||||
Less, Grant Date Fair Value of Stock and Option Awards Reported in the Summary Compensation Table | ($4,183,686) | $— | ||||
Plus, Year-End Fair Value of Awards Granted in the Covered Fiscal Year that are Outstanding and Unvested | $20,716,803 | $— | ||||
Plus, Change in Fair Value of Awards Granted in Prior Years that are Outstanding and Unvested (from Prior Year-End to Year-End) | $3,173,558 | ($575,046) | ||||
Plus, Vesting Date Fair Value of Awards Granted in the Covered Fiscal Year that Vested in that Year | $— | $— | ||||
Plus, Change in Fair Value of Awards Granted in Prior Years that Vested in the Covered Fiscal Year (from Prior Year-End to Vesting Date) | $91,542 | ($14,508) | ||||
Less, Prior Year-End Fair Value of Awards Granted in Prior Years that Failed to Vest in the Covered Fiscal Year | $— | $— | ||||
Plus, Dollar Value of Dividends, Dividend Equivalents or other Earnings Paid on Stock and Option Awards in the Covered Fiscal Year Prior to Vesting (if not reflected in the fair value of such award or included in Total Compensation for that year) | $— | $— | ||||
Total Adjustments | $19,798,217 | ($589,555) | ||||
Compensation Actually Paid for the Covered Fiscal Year | $25,967,180 | $957,445 | ||||
(7) | For each fiscal year included in this table, the average ‘compensation actually paid’ to the non-PEO Named Executive Officers reflects each of the following adjustments made to the total compensation amounts reported in the Summary Compensation Table for the applicable fiscal year, computed in accordance with Item 402(v) of Regulation S-K: |
Fiscal Year 2026 | Fiscal Year 2025 | |||||
Total Compensation Reported in Summary Compensation Table | $2,175,437 | $738,075 | ||||
Less, Grant Date Fair Value of Stock and Option Awards Reported in the Summary Compensation Table | ($1,285,498) | $— | ||||
Plus, Year-End Fair Value of Awards Granted in the Covered Fiscal Year that are Outstanding and Unvested | $5,913,807 | $185,321 | ||||
Plus, Change in Fair Value of Awards Granted in Prior Years that are Outstanding and Unvested (from Prior Year-End to Year-End) | $1,531,396 | ($65,391) | ||||
Plus, Vesting Date Fair Value of Awards Granted in the Covered Fiscal Year that Vested in that Year | $— | $— | ||||
Plus, Change in Fair Value of Awards Granted in Prior Years that Vested in the Covered Fiscal Year (from Prior Year-End to Vesting Date) | $34,776 | ($4,680) | ||||
Less, Prior Year-End Fair Value of Awards Granted in Prior Years that Failed to Vest in the Covered Fiscal Year | $— | $— | ||||
Plus, Dollar Value of Dividends, Dividend Equivalents or other Earnings Paid on Stock and Option Awards in the Covered Fiscal Year Prior to Vesting (if not reflected in the fair value of such award or included in Total Compensation for that year) | $— | $— | ||||
Total Adjustments | $6,194,482 | $115,250 | ||||
Compensation Actually Paid for the Covered Fiscal Year | $8,369,919 | $853,325 | ||||
Compensation Actually Paid and Company TSR
Compensation Actually Paid and Net Income (Loss)
