FAIR VALUE MEASUREMENTS (Tables)
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12 Months Ended |
Jun. 30, 2025 |
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| FAIR VALUE MEASUREMENTS |
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| Schedule of Company's assets and liabilities that are measured at fair value on a recurring basis |
| | | | | | | | | | | | | June 30, | | June 30, | Description | | Level | | 2025 | | 2024 | Assets: | | | | | | | | | Trading securities | | 1 | | $ | 5 | | $ | — | | | | | | | | | | Liabilities: | | | | | | | | | Subscription agreement | | 3 | | $ | 2,489,945 | | $ | 2,425,647 | Contingent Guarantee | | 3 | | $ | — | | $ | 3,256,863 | Warrant liability – Private Warrants | | 3 | | $ | 123,062 | | $ | 307,656 | Earnout liability | | 3 | | $ | 11,369,000 | | $ | 12,298,000 | Convertible notes derivative | | 3 | | $ | 103,185 | | $ | 16,462,690 | Merger financing derivative | | 3 | | $ | 63,696 | | $ | — | Tau agreement | | 3 | | $ | 539,787 | | $ | — |
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| Schedule of key inputs into the models |
| | | | | | | | | | June 30, | | June 30, | | Input | | 2025 | | 2024 | | Market price of public shares | | $ | 0.19 | | $ | 62.40 | | Equity volatility | | | 167.7 | % | | 26.2 | % | Risk-free rate | | | 4.21 | % | | 5.05 | % |
| | | | | | | | | | June 30, | | June 30, | | Input | | 2025 | | 2024 | | Market price of public shares | | $ | 0.19 | | $ | 62.40 | | Risk-free rate | | | 3.67 | | | 4.27 | % | Dividend yield | | | 0.00 | | | 0.00 | % | Volatility | | | 167.7 | | | 58.7 | % | Exercise price | | $ | 689.86 | | $ | 689.86 | | Effective expiration date | | | February 29 | | | February 29 | |
| | | | | | | | | | June 30, | | June 30, | | Input | | 2025 | | 2024 | | Market price of public shares | | $ | 0.19 | | $ | 62.40 | | Revenue volatility | | | 12.00 | % | | 15.00 | % | Discount factor for revenue | | | 9.31 | % | | 9.69 | % |
| | | | | | | | | | | | | | | | June 30, | | Input | | 2024 | | Market price of public shares | | $ | 62.40 | | Risk-free rate | | | 5.49 | % | Dividend yield | | | 0.00 | % | Volatility | | | 14,643.0 | % | Exercise price | | $ | 0.99 | | Effective expiration date | | | May 2024 | |
| | | | | | | June 30, | | Input | | 2025 | | Market price of public shares | | $ | 0.19 | | Risk-free rate | | | 4.13 | % | Discount rate | | | 15.63 | % | Probability of default | | | 14.3 | % | Recovery rate | | | 28.9 | % | Volatility | | | 167.7 | % | Effective expiration date | | | February 2026 | |
| | | | | | | | | | | | | | | | June 30, | | Input | | 2024 | | Market price of public shares | | $ | 62.40 | | Risk-free rate | | | 4.90 | % | Dividend yield | | | 0.00 | % | Volatility | | | 14,461 | % | Exercise price | | $ | 0.99 | | Effective expiration date | | | February 2026 | |
| | | | | | | June 30, | | Input | | 2025 | | Market price of public shares | | $ | 0.19 | | Risk-free rate | | | 4.32 | % | Discount rate | | | 12.43 | % | Probability of default | | | 5.9 | % | Recovery rate | | | 47.6 | % | Effective expiration date | | | September 30, 2025 | |
| | | | | | | | | | | | | | | | June 30, | | Input | | 2024 | | Market price of public shares | | $ | 62.40 | | Risk-free rate | | | 4.52 | % | Dividend yield | | | 0.00 | % | Volatility | | | 166,681.0 | % | Exercise price | | $ | 0.84 | | Effective expiration date | | | February 2028 | |
| | | | | | | June 30, | | Input | | 2025 | | Market price of public shares | | $ | 0.19 | | Risk-free rate | | | 3.63 | % | Discount rate | | | 12.02 | % | Probability of default | | | 44.0 | % | Recovery rate | | | 47.6 | % | Volatility | | | 167.7 | % | Effective expiration date | | | January 2028 | |
| | | | | | | | | | June 30, | | August 9, | | Input | | 2025 | | 2024 | | Market price of public shares | | $ | 0.19 | | $ | 16.20 | | Risk-free rate | | | 4.13 | % | | 4.78 | % | Discount rate | | | 15.63 | % | | 16.98 | % | Probability of default | | | 14.3 | % | | 25.4 | % | Recovery rate | | | 28.9 | % | | 28.9 | % | Volatility | | | 167.7 | % | | 37.2 | % | Effective expiration date | | | February 2026 | | | February 2026 | |
| | | | | | | | | | June 30, | | July 31 | | Input | | 2025 | | 2024 | | Anticipated Monthly Advance Amounts | | $ | 40,000 | | $ | 40,000 | | Risk-free rate | | | 3.75 | % | | 4.20 | % | Volatility | | | 167.7 | % | | 40.3 | % | Effective expiration date | | | July 2026 | | | February 2027 | |
| | | | | | | | | | June 30, | | July 31, | | Input | | 2025 | | 2024 | | Market price of public shares | | $ | 0.19 | | $ | 16.20 | | Risk-free rate | | | 3.75 | % | | 4.20 | % | Volatility | | | 167.7 | % | | 40.3 | % | Effective expiration date | | | February 2027 | | | July 2026 | |
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| Schedule of changes in the fair value |
| | | | | | | | | Private | | Tau | | | Placement | | Agreement | | | Warrants | | Liability | Fair value as of June 30, 2024 | | $ | 307,656 | | $ | — | Initial measurement | | | — | | | 1,090,949 | Fair value of advance requests | | | — | | | 1,652,300 | Transferred to equity | | | — | | | (1,911,472) | Change in valuation inputs or other assumptions | | | (184,594) | | | (291,990) | Fair value as of June 30, 2025 | | $ | 123,062 | | $ | 539,787 |
| | | | | | | | | Conversion | | Earnout | | | Derivative | | Liability | Fair value as of June 30, 2024 | | $ | 16,462,690 | | $ | 12,298,000 | Change in valuation inputs or other assumptions | | | (16,359,505) | | | (929,000) | Fair value as of June 30, 2025 | | $ | 103,185 | | $ | 11,369,000 |
| | | | | | | | | Subscription | | Contingent | | | Agreement | | Guarantee | Fair value as of June 30, 2024 | | $ | 2,425,647 | | $ | 3,256,863 | Shares issued as partial payment | | | — | | | (1,210,290) | Change in valuation inputs or other assumptions | | | 64,298 | | | 839,774 | Exchanged to Merger financing note | | | — | | | (2,886,347) | Fair value as of June 30, 2025 | | $ | 2,489,945 | | $ | — |
| | | | | | | | | Merger | | Secured | | | Financing | | Convertible | | | Derivative | | Derivative | Fair value as of June 30, 2024 | | $ | — | | $ | — | Initial measurement | | | 113,044 | | | 89,535 | Change in valuation inputs or other assumptions | | | (49,348) | | | (89,535) | Fair value as of June 30, 2025 | | $ | 63,696 | | $ | — |
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