0001725430
2025-07-01
2026-06-30
0001725430
2024-07-01
2025-06-30
0001725430
2023-07-01
2024-06-30
0001725430
INBS:DeductAmountsReportedUnderStockAwardsColumnOfSCTMember
ecd:PeoMember
2025-07-01
2026-06-30
0001725430
INBS:DeductAmountsReportedUnderStockAwardsColumnOfSCTMember
ecd:PeoMember
2024-07-01
2025-06-30
0001725430
INBS:DeductAmountsReportedUnderStockAwardsColumnOfSCTMember
ecd:PeoMember
2023-07-01
2024-06-30
0001725430
INBS:AddFairValueOfAwardsGrantedInCoveredYearThatRemainOutstandingAndUnvestedAsOfCoveredYearEndMember
ecd:PeoMember
2025-07-01
2026-06-30
0001725430
INBS:AddFairValueOfAwardsGrantedInCoveredYearThatRemainOutstandingAndUnvestedAsOfCoveredYearEndMember
ecd:PeoMember
2024-07-01
2025-06-30
0001725430
INBS:AddFairValueOfAwardsGrantedInCoveredYearThatRemainOutstandingAndUnvestedAsOfCoveredYearEndMember
ecd:PeoMember
2023-07-01
2024-06-30
0001725430
INBS:AddFairValueOfAwardsGrantedAndVestedDuringCoveredYearMember
ecd:PeoMember
2025-07-01
2026-06-30
0001725430
INBS:AddFairValueOfAwardsGrantedAndVestedDuringCoveredYearMember
ecd:PeoMember
2024-07-01
2025-06-30
0001725430
INBS:AddFairValueOfAwardsGrantedAndVestedDuringCoveredYearMember
ecd:PeoMember
2023-07-01
2024-06-30
0001725430
ecd:PeoMember
2025-07-01
2026-06-30
0001725430
ecd:PeoMember
2024-07-01
2025-06-30
0001725430
ecd:PeoMember
2023-07-01
2024-06-30
0001725430
INBS:DeductAmountsReportedUnderStockAwardsColumnOfSCTMember
ecd:NonPeoNeoMember
2025-07-01
2026-06-30
0001725430
INBS:DeductAmountsReportedUnderStockAwardsColumnOfSCTMember
ecd:NonPeoNeoMember
2024-07-01
2025-06-30
0001725430
INBS:DeductAmountsReportedUnderStockAwardsColumnOfSCTMember
ecd:NonPeoNeoMember
2023-07-01
2024-06-30
0001725430
INBS:AddFairValueOfAwardsGrantedInCoveredYearThatRemainOutstandingAndUnvestedAsOfCoveredYearEndMember
ecd:NonPeoNeoMember
2025-07-01
2026-06-30
0001725430
INBS:AddFairValueOfAwardsGrantedInCoveredYearThatRemainOutstandingAndUnvestedAsOfCoveredYearEndMember
ecd:NonPeoNeoMember
2024-07-01
2025-06-30
0001725430
INBS:AddFairValueOfAwardsGrantedInCoveredYearThatRemainOutstandingAndUnvestedAsOfCoveredYearEndMember
ecd:NonPeoNeoMember
2023-07-01
2024-06-30
0001725430
INBS:AddFairValueOfAwardsGrantedAndVestedDuringCoveredYearMember
ecd:NonPeoNeoMember
2025-07-01
2026-06-30
0001725430
INBS:AddFairValueOfAwardsGrantedAndVestedDuringCoveredYearMember
ecd:NonPeoNeoMember
2024-07-01
2025-06-30
0001725430
INBS:AddFairValueOfAwardsGrantedAndVestedDuringCoveredYearMember
ecd:NonPeoNeoMember
2023-07-01
2024-06-30
0001725430
ecd:NonPeoNeoMember
2025-07-01
2026-06-30
0001725430
ecd:NonPeoNeoMember
2024-07-01
2025-06-30
0001725430
ecd:NonPeoNeoMember
2023-07-01
2024-06-30
0001725430
1
2025-07-01
2026-06-30
0001725430
2
2025-07-01
2026-06-30
0001725430
2023-10-02
2025-07-01
2026-06-30
iso4217:USD
false
0001725430
PRE 14A
Intelligent Bio Solutions Inc.
true
<table cellpadding="0" cellspacing="0" id="xdx_887_eecd--PvpTableTextBlock_ztZXUYJEPcJc" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Pay vs Performance Disclosure">
<tr style="vertical-align: bottom">
<td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">Year</td><td style="font-weight: bold; padding-bottom: 1pt"> </td>
<td colspan="2" id="xdx_489_eecd--PeoTotalCompAmt_z1TN1V1aZiMc" style="padding-bottom: 1pt; font-weight: bold; text-align: center"><p style="border-bottom: Black 0.5pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Summary<br/>
Compensation<br/>
Table Total for<br/>
PEO ($)<sup id="xdx_F59_zmFqlDyf7oo9">(1)</sup></b></span></p></td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td>
<td colspan="2" id="xdx_48D_eecd--PeoActuallyPaidCompAmt_zTuUvAAyViPk" style="padding-bottom: 1pt; font-weight: bold; text-align: center"><p style="border-bottom: Black 0.5pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Compensation Actually Paid<br/>
to PEO ($)<sup id="xdx_F56_zDgjqoH8aIw9">(2)</sup></b></span></p></td><td style="padding-bottom: 1pt; font-weight: bold"> <br/>
</td><td style="font-weight: bold; padding-bottom: 1pt"> </td>
<td colspan="2" id="xdx_485_eecd--NonPeoNeoAvgTotalCompAmt_zAmgVfTq6PZa" style="padding-bottom: 1pt; font-weight: bold; text-align: center"><p style="border-bottom: Black 0.5pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Summary<br/>
Compensation<br/>
Table Total for<br/>
Non-PEO NEO ($)<sup id="xdx_F59_zcRdvmkg7Sph">(1)</sup></b></span></p></td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td>
<td colspan="2" id="xdx_488_eecd--NonPeoNeoAvgCompActuallyPaidAmt_zBax6OuA8g3c" style="padding-bottom: 1pt; font-weight: bold; text-align: center"><p style="border-bottom: Black 0.5pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Compensation<br/>
Actually Paid<br/>
to Non-PEO<br/>
NEO ($)<sup id="xdx_F5C_zShj9286b8oi">(3)</sup></b></span></p></td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td>
<td colspan="2" id="xdx_484_eecd--TotalShareholderRtnAmt_pp2d_zqQsv0Nhaxei" style="padding-bottom: 1pt; font-weight: bold; text-align: center"><p style="border-bottom: Black 0.5pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Value of Initial<br/>
Fixed $100<br/>
Investment<br/>
Based on TSR ($)<sup id="xdx_F58_zSmrKmXpB8g3">(4)</sup></b></span></p></td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td>
<td colspan="2" id="xdx_486_eus-gaap--NetIncomeLoss_ztrpD9D8tgLh" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Net Income<br/>
(Loss) ($)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr>
<tr id="xdx_41B_20250701__20260630_zwPdmRbG73D1" style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="width: 10%; text-align: left">2026</td><td style="width: 2%"> </td>
<td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">661,332</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td>
<td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">620,615</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td>
<td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">521,500</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td>
<td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">480,783</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td>
<td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">0.69</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td>
<td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">(12,468,672</td><td style="width: 1%; text-align: left">)</td></tr>
<tr id="xdx_412_20240701__20250630_zhXADXBSw3kg" style="vertical-align: bottom; background-color: White">
<td style="text-align: left">2025</td><td> </td>
<td style="text-align: left">$</td><td style="text-align: right">562,103</td><td style="text-align: left"> </td><td> </td>
<td style="text-align: left">$</td><td style="text-align: right">573,958</td><td style="text-align: left"> </td><td> </td>
<td style="text-align: left">$</td><td style="text-align: right">423,954</td><td style="text-align: left"> </td><td> </td>
<td style="text-align: left">$</td><td style="text-align: right">434,179</td><td style="text-align: left"> </td><td> </td>
<td style="text-align: left">$</td><td style="text-align: right">5.16</td><td style="text-align: left"> </td><td> </td>
<td style="text-align: left">$</td><td style="text-align: right">(10,604,886</td><td style="text-align: left">)</td></tr>
<tr id="xdx_412_20230701__20240630_zTQTQBME4WI7" style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="text-align: left">2024</td><td> </td>
<td style="text-align: left">$</td><td style="text-align: right">446,622</td><td style="text-align: left"> </td><td> </td>
<td style="text-align: left">$</td><td style="text-align: right">446,622</td><td style="text-align: left"> </td><td> </td>
<td style="text-align: left">$</td><td style="text-align: right">336,699</td><td style="text-align: left"> </td><td> </td>
<td style="text-align: left">$</td><td style="text-align: right">336,699</td><td style="text-align: left"> </td><td> </td>
<td style="text-align: left">$</td><td style="text-align: right">5.76</td><td style="text-align: left"> </td><td> </td>
<td style="text-align: left">$</td><td style="text-align: right">(10,190,932</td><td style="text-align: left">)</td></tr>
</table>
661332
620615
521500
480783
0.69
-12468672
562103
573958
423954
434179
5.16
-10604886
446622
446622
336699
336699
5.76
-10190932
<p id="xdx_890_eecd--NamedExecutiveOfficersFnTextBlock_dU_zKWkmUBlo2Zi" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; display: none; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p>
<div style="margin-top: 0pt; margin-bottom: 0pt; width: 25%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p>
<table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt">
<tr style="vertical-align: top">
<td style="text-align: justify; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)</span></td>
<td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Amounts shown represent the total compensation reported in
the Summary Compensation Table for the applicable fiscal year for our principal executive officer (“PEO”), <span id="xdx_907_eecd--PeoName_c20230701__20240630_z7uqph7cOiUi"><span id="xdx_90A_eecd--PeoName_c20240701__20250630_zIltNv5dtA89"><span id="xdx_90B_eecd--PeoName_c20250701__20260630_zPB8K3BcUCZi">Mr. Harry Simeonidis</span></span></span>,
and the average of the total compensation reported in the Summary Compensation Table for the applicable fiscal year for our sole non-PEO
named executive officer (“NEO”), Mr. Spiro Sakiris for fiscal years 2024, 2025, and 2026.</span></td></tr>
</table>
Mr. Harry Simeonidis
Mr. Harry Simeonidis
Mr. Harry Simeonidis
<p id="xdx_89C_eecd--AdjToPeoCompFnTextBlock_dU_zVYL3VhJEJj5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
following table sets forth adjustments made to the SCT Total for our PEO during each year to determine compensation actually paid, with
“fair value” calculated in accordance with ASC Topic 718 as of the end of the specified period. Since the Company did not
report a change in pension value for the CEO/PEO for any years reflected in the Summary Compensation Table, adjustments for pensions
are not needed.</span></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<tr style="vertical-align: bottom">
<td style="border-bottom: Black 1pt solid; font-weight: bold">Adjustments to Determine CAP for PEO</td><td style="font-weight: bold; padding-bottom: 1pt"> </td>
<td colspan="2" id="xdx_492_20250701__20260630_z6EUKuUtnAi3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td>
<td colspan="2" id="xdx_490_20240701__20250630_zVSz1jADCDfi" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td>
<td colspan="2" id="xdx_492_20230701__20240630_zHqtFKMOoQ39" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr>
<tr id="xdx_408_eecd--PeoTotalCompAmt_zlXw61SKhml1" style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="width: 46%; text-align: left">SCT Total for PEO</td><td style="width: 2%"> </td>
<td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">661,332</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td>
<td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">562,103</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td>
<td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">446,622</td><td style="width: 1%; text-align: left"> </td></tr>
<tr id="xdx_401_eecd--AdjToCompAmt_hecd--ExecutiveCategoryAxis__ecd--PeoMember__ecd--AdjToCompAxis__custom--DeductAmountsReportedUnderStockAwardsColumnOfSCTMember_zVTzFaI3HG91" style="vertical-align: bottom; background-color: White">
<td style="text-align: left">(Deduct) amounts reported under “Stock Awards” Column of the SCT</td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right">(110,715</td><td style="text-align: left">)</td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right">(56,945</td><td style="text-align: left">)</td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0052">-</span></td><td style="text-align: left"> </td></tr>
<tr id="xdx_40D_eecd--AdjToCompAmt_hecd--ExecutiveCategoryAxis__ecd--PeoMember__ecd--AdjToCompAxis__custom--AddFairValueOfAwardsGrantedInCoveredYearThatRemainOutstandingAndUnvestedAsOfCoveredYearEndMember_zW9aeEB4Pi81" style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Add the fair value of awards granted in the covered year that remain outstanding and unvested as of covered year-end<sup id="xdx_F42_zinI84Lok6rc">(a)</sup> </span></td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right">69,998</td><td style="text-align: left"> </td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0055">-</span></td><td style="text-align: left"> </td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0056">-</span></td><td style="text-align: left"> </td></tr>
<tr id="xdx_40A_eecd--AdjToCompAmt_hecd--ExecutiveCategoryAxis__ecd--PeoMember__ecd--AdjToCompAxis__custom--AddFairValueOfAwardsGrantedAndVestedDuringCoveredYearMember_z9hngUaIl6Te" style="vertical-align: bottom; background-color: White">
<td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Add the fair value of awards granted and vested during the covered year<sup id="xdx_F4E_zrmI6QFUcB2d">(b)</sup> </span></td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0058">-</span></td><td style="text-align: left"> </td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right">68,800</td><td style="text-align: left"> </td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0060">-</span></td><td style="text-align: left"> </td></tr>
<tr id="xdx_400_eecd--AdjToCompAmt_hecd--ExecutiveCategoryAxis__ecd--PeoMember_zdnsGYgjVCRd" style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="text-align: left">Total Adjustments</td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right">(40,717</td><td style="text-align: left">)</td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right">11,855</td><td style="text-align: left"> </td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0064">-</span></td><td style="text-align: left"> </td></tr>
<tr id="xdx_401_eecd--PeoActuallyPaidCompAmt_z3n4EMG6ItBk" style="vertical-align: bottom; background-color: White">
<td style="text-align: left">CAP for PEO</td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right">620,615</td><td style="text-align: left"> </td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right">573,958</td><td style="text-align: left"> </td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right">446,622</td><td style="text-align: left"> </td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p>
<div style="margin-top: 0pt; margin-bottom: 0pt; width: 25%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p>
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<td style="font: 10pt Times New Roman, Times, Serif; width: 0"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span id="xdx_F0B_zLPUAoCVE9I5" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span id="xdx_F19_z6cEclBGBbw" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">For
fiscal 2026, the amount represents the fair value at June 30, 2026 of restricted stock awards
granted during fiscal 2026 that remained outstanding and unvested at fiscal year-end. For
the PEO, this amount was $69,998, representing 30,500 restricted stock awards granted on
March 18, 2026.</span></td></tr></table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<td style="font: 10pt Times New Roman, Times, Serif; width: 0"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span id="xdx_F05_zrzPOVRcl1va" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span id="xdx_F17_zeESlwTwA2Mi" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">For
fiscal 2025, the amount represents the fair value of restricted stock awards that were granted
and vested during the fiscal year. For the PEO, the amount was $68,800, representing 4,000
restricted stock awards. No amounts were included in this category for fiscal 2026 or 2024.</span></td></tr></table>
661332
562103
446622
-110715
-56945
69998
68800
-40717
11855
620615
573958
446622
<p id="xdx_897_eecd--AdjToNonPeoNeoCompFnTextBlock_dU_z7IvpQojdY4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
following table sets forth adjustments made to the SCT Total during each year to determine CAP to the Non-PEO NEO, with “fair value”
calculated in accordance with ASC Topic 718 as of the end of the specified period. Since the Company did not report a change in pension
value for the Non-PEO NEO for any years reflected in the Summary Compensation Table, adjustments for pensions are not needed.</span></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<tr style="vertical-align: bottom">
<td style="border-bottom: Black 1pt solid; font-weight: bold">Adjustments to Determine CAP for Non-PEO NEO</td><td style="font-weight: bold; padding-bottom: 1pt"> </td>
<td colspan="2" id="xdx_492_20250701__20260630_zyMVpgc3fOWi" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td>
<td colspan="2" id="xdx_490_20240701__20250630_zZ3s7XFYkj8e" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td>
<td colspan="2" id="xdx_492_20230701__20240630_zsTGlA7gLN59" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr>
<tr id="xdx_405_eecd--NonPeoNeoAvgTotalCompAmt_z6Mkg2Pww0Ie" style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="width: 46%; text-align: left">SCT Total for Non-PEO NEO</td><td style="width: 2%"> </td>
<td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">521,500</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td>
<td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">423,954</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td>
<td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">336,699</td><td style="width: 1%; text-align: left"> </td></tr>
<tr id="xdx_406_eecd--AdjToCompAmt_hecd--ExecutiveCategoryAxis__ecd--NonPeoNeoMember__ecd--AdjToCompAxis__custom--DeductAmountsReportedUnderStockAwardsColumnOfSCTMember_zJLqIi23oWHk" style="vertical-align: bottom; background-color: White">
<td style="text-align: left">(Deduct) amounts reported under “Stock Awards” Column of the SCT</td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right">(110,715</td><td style="text-align: left">)</td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right">(49,115</td><td style="text-align: left">)</td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0080">-</span></td><td style="text-align: left"> </td></tr>
<tr id="xdx_40C_eecd--AdjToCompAmt_hecd--ExecutiveCategoryAxis__ecd--NonPeoNeoMember__ecd--AdjToCompAxis__custom--AddFairValueOfAwardsGrantedInCoveredYearThatRemainOutstandingAndUnvestedAsOfCoveredYearEndMember_zW1N488gXri6" style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Add the fair value of awards granted in the covered year that remain outstanding and unvested as of covered year-end<sup id="xdx_F44_z4easjTnIbKa">(a)</sup> </span></td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right">69,998</td><td style="text-align: left"> </td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0083">-</span></td><td style="text-align: left"> </td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0084">-</span></td><td style="text-align: left"> </td></tr>
<tr id="xdx_40C_eecd--AdjToCompAmt_hecd--ExecutiveCategoryAxis__ecd--NonPeoNeoMember__ecd--AdjToCompAxis__custom--AddFairValueOfAwardsGrantedAndVestedDuringCoveredYearMember_z2vQrbJjksPh" style="vertical-align: bottom; background-color: White">
<td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Add the fair value of awards granted and vested during the covered year<sup id="xdx_F4B_zF0fWmXQyZi6">(b)</sup> </span></td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0086">-</span></td><td style="text-align: left"> </td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right">59,340</td><td style="text-align: left"> </td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0088">-</span></td><td style="text-align: left"> </td></tr>
<tr id="xdx_406_eecd--AdjToCompAmt_hecd--ExecutiveCategoryAxis__ecd--NonPeoNeoMember_zGaXy5L3zSda" style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="text-align: left">Total Adjustments</td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right">(40,717</td><td style="text-align: left">)</td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right">10,225</td><td style="text-align: left"> </td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0092">-</span></td><td style="text-align: left"> </td></tr>
<tr id="xdx_403_eecd--NonPeoNeoAvgCompActuallyPaidAmt_z8VjgcVo3xxl" style="vertical-align: bottom; background-color: White">
<td style="text-align: left">CAP for non-PEO NEO</td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right">480,783</td><td style="text-align: left"> </td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right">434,179</td><td style="text-align: left"> </td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right">336,699</td><td style="text-align: left"> </td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p>
<div style="margin-top: 0pt; margin-bottom: 0pt; width: 25%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p>
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<td style="font: 10pt Times New Roman, Times, Serif; width: 0"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span id="xdx_F04_zJIyg6AMN7Ab" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span id="xdx_F11_zim11oRHhrQf" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">For
fiscal 2026, the amount represents the fair value at June 30, 2026 of restricted stock awards
granted during fiscal 2026 that remained outstanding and unvested at fiscal year-end. For
the Non-PEO NEO, this amount was also $69,998, representing 30,500 restricted stock awards
granted on March 18, 2026.</span></td></tr>
<tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<td style="font: 10pt Times New Roman, Times, Serif; width: 0"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span id="xdx_F07_zLvKMLF5CbA3" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span id="xdx_F17_z7eiFeMNfs93" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">For
fiscal 2025, the amount represents the fair value of restricted stock awards that were granted
and vested during the fiscal year. For the Non-PEO NEO, the amount was $59,340, representing
3,450 restricted stock awards. No amounts were included in this category for fiscal 2026
or 2024.</span></td></tr></table>
521500
423954
336699
-110715
-49115
69998
59340
-40717
10225
480783
434179
336699
<p id="xdx_89C_eecd--TabularListTableTextBlock_dU_z2iwPsLtvCR" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
<p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pay
Versus Performance: Graphical Description</span></p>
<p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
illustrations below provide a graphical description of CAP (as calculated in accordance with the SEC rules) and the following measures:</span></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90E_eecd--MeasureName_c20250701__20260630__ecd--MeasureAxis__1_zMc5KctCYQCc">INBS’s
cumulative TSR</span>; and</span></td></tr></table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_903_eecd--MeasureName_c20250701__20260630__ecd--MeasureAxis__2_znLlwdXSkOhb">INBS’s
net income (loss)</span></span></td></tr></table>
INBS’s cumulative TSR
INBS’s net income (loss)
<p id="xdx_899_eecd--CompActuallyPaidVsTotalShareholderRtnTextBlock_dU_zlL0WgVggV2c" style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">CAP
and Cumulative TSR</span></p>
<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
following chart sets forth the relationship between CAP to our PEO, the CAP to our Non-PEO NEO, and the Company’s cumulative TSR
over the three most recently completed fiscal years.</span></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><img alt="" src="chart_001.jpg"/></span></p>
<p id="xdx_89F_eecd--CompActuallyPaidVsNetIncomeTextBlock_dU_zvtXSihTVQm4" style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">CAP
and Company Net Income (Loss)</span></p>
<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
following chart sets forth the relationship between CAP to our PEO, the CAP to our Non-PEO NEO, and our net income (loss) during the
three most recently completed fiscal years.</span></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><img alt="" src="chart_002.jpg"/></b></span></p>
We
adopted the Intelligent Bio Solutions Inc. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJlY292ZXJ5IG9mIEVycm9uZW91c2x5IEF3YXJkZWQgQ29tcGVuc2F0aW9uAA__" id="xdx_901_eecd--ForgoneRecoveryIndName_c20250701__20260630__ecd--RestatementDateAxis__2023-10-02_zz6OxOptLNGa">Dodd-Frank</span> Restatement Recoupment Policy effective as of <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJlY292ZXJ5IG9mIEVycm9uZW91c2x5IEF3YXJkZWQgQ29tcGVuc2F0aW9uAA__" id="xdx_907_eecd--RestatementDeterminationDate_c20250701__20260630__ecd--RestatementDateAxis__2023-10-02_zaIYvqx6KG3">October 2, 2023</span>. In the event that
we are required to prepare a financial restatement, the Compensation Committee will recoup all erroneously awarded incentive-based compensation
calculated on a pre-tax basis received after October 2, 2023, by a person (i) after beginning service as an executive officer, (ii) who
served as an executive officer at any time during the performance period for that incentive-based compensation, and (iii) during the
three completed fiscal years immediately preceding the date that the Company is required to prepare a restatement, and any transition
period (that results from a change in the Company’s fiscal year) of less than nine months within or immediately following those
three completed fiscal years. The “clawback” or recoupment policy in our executive compensation program contributes to creating
and maintaining a culture that emphasizes integrity and accountability and reinforces the performance-based principles underlying our
executive compensation program.
Dodd-Frank
2023-10-02
We
do <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEF3YXJkIFRpbWluZyBEaXNjbG9zdXJlAA__" id="xdx_903_eecd--AwardTmgMnpiCnsdrdFlag_dbF_c20250701__20260630_z74pDyLZAMV4">not</span> grant stock options, stock appreciation rights, or option-like instruments (collectively, “Option-Like Awards”) in
anticipation of the release of material nonpublic information and we do <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEF3YXJkIFRpbWluZyBEaXNjbG9zdXJlAA__" id="xdx_90B_eecd--MnpiDiscTimedForCompValFlag_dbF_c20250701__20260630_zlVomogG37ji">not</span> time the public release of such information based on the
grant dates of Option-Like Awards. During the last completed fiscal year, we have not awarded Option-Like Awards to any named executive
officer during the period beginning four business days before and ending one business day after the filing of a periodic report on Form
10-Q or Form 10-K or the filing or furnishing of a current report on Form 8-K, and we have not timed the disclosure of material nonpublic
information for the purpose of affecting the value of executive compensation.
false
false