COMMITMENTS AND CONTINGENCIES |
6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Commitments and Contingencies Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| COMMITMENTS AND CONTINGENCIES | NOTE 10. COMMITMENTS AND CONTINGENCIES
Lease Costs
The Company made cash payments for all operating leases for the six months ended December 31, 2025 and 2024, of approximately $0.13 million and $0.11 million, respectively, which were included in net cash used in operating activities within the condensed consolidated statements of cash flows. As of December 31, 2025, the Company’s operating leases have a weighted average remaining lease term of 0.90 years and weighted average discount rate of 8.28%.
The total rent expense for all operating leases for the three months ended December 31, 2025 and 2024, was approximately $0.06 million and $0.09 million, respectively.
The total rent expense for all operating leases for the six months ended December 31, 2025 and 2024, was approximately $0.12 million and $0.20 million, respectively.
Lease Commitments
The Company has various operating leases for its offices. These existing leases have remaining lease terms ranging from approximately 0.92 to 1.33 years. Certain lease agreements contain options to renew, with renewal terms that generally extend the lease terms by 1 to 3 years for each option. The Company has renewed one of its current leases and that renewal is incorporated herewith.
Future approximate undiscounted lease payments for the Company’s operating lease liabilities and a reconciliation of these payments to its operating lease liabilities as of December 31, 2025 are as follows:
Contingent Consideration for Acquisitions
Contingent consideration for acquisition consists of the following as of December 31 and June 30, 2025, respectively (see Note 6):
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