v3.26.1
Income Taxes (Tables)
12 Months Ended
Jun. 30, 2026
Income Taxes  
Schedule of the components of income before provision of income taxes

​

​

​

​

​

​

​

​

​

​

Years Ended

​

​

June 30, 

​

  ​ ​ ​

2026

  ​ ​ ​

2025

United States

​

$

2,821,968

​

$

1,299,850

Foreign

​

 

133,142

​

 

48,514

Total income before provision for income taxes

​

$

2,955,110

​

$

1,348,364

Schedule of provision for income taxes

​

​

​

​

​

​

​

​

​

​

Years Ended

​

​

June 30, 

​

  ​ ​ ​

2026

  ​ ​ ​

2025

Current

 

​

  ​

 

​

  ​

Federal

​

$

—

​

$

—

State

​

 

86,990

​

 

33,613

Foreign

​

 

46,052

​

 

49,198

Deferred

​

 

​

​

 

​

Federal

​

 

—

​

 

—

State

​

 

—

​

 

—

Foreign

​

 

—

​

 

—

Provision for income tax expense

​

$

133,042

​

$

82,811

Schedule of reconciliation of the effective income tax rate

The reconciliation from the federal statutory income tax rate to our effective income tax rate for the fiscal year ended June 30, 2026, applying ASU 2023-09 prospectively, is as follows:

​

​

​

​

​

​

​

​

Amount

​

%

U.S. federal statutory income tax

$

620,573

​

21.0

%  

State tax, net of federal benefit

 

69,858

​

2.3

%  

Cross border laws

​

8,354

​

0.3

%  

Foreign tax effects

​

18,092

​

0.6

%  

Tax credits

​

(120,343)

​

(4.1)

%  

Non-taxable or non-deductible items:

 

​

​

​

​

Equity compensation

​

233,104

​

7.9

%  

Change in earnout

​

218,462

​

7.4

%  

Other

​

8,346

​

0.3

%  

Change in valuation allowance

 

(923,404)

​

(31.2)

%  

Total

$

133,042

​

4.5

%  

​

The reconciliation from the federal statutory income tax rate to the effective income tax rate for the fiscal year ended June 30, 2025, applying ASC 740 prior to the adoption of AUS 2023-09, is as follows:

​

​

​

​

​

​

​

​

%

​

​

Federal income tax rate

 

21.0

%

​

State tax, net of federal benefit

 

2.4

%

​

Change in earnout

​

22.9

%

​

Adjustment to prior year

​

(157.2)

%

​

Executive compensation

​

(11.6)

%

​

Other permanent differences

 

3.1

%

​

Foreign rate differential

​

2.9

%

​

Tax credits

​

(15.3)

%

​

Change in valuation allowance

 

137.9

%

​

Effective income tax rate

 

6.1

%

​

Schedule of deferred tax assets and liabilities

​

​

​

​

​

​

​

​

​

  ​ ​ ​

June 30, 

  ​ ​ ​

June 30, 

​

​

2026

​

2025

Deferred tax assets:

 

​

  ​

 

​

  ​

Federal net operating loss carryforward

​

$

3,090,317

​

$

3,475,943

State net operating loss carryforward

​

 

498,731

​

 

479,222

Stock based compensation

​

 

953,875

​

 

1,164,121

Tax attributes

​

​

289,986

​

​

196,809

Research costs

​

​

994,054

​

​

1,713,966

Other

​

 

18,906

​

 

63,948

Total deferred tax assets

​

 

5,845,869

​

 

7,094,009

Deferred tax liability:

​

 

​

​

 

​

Depreciation and amortization

​

 

(1,825,304)

​

 

(2,102,792)

Net deferred tax assets

​

 

4,020,565

​

 

4,991,217

Less valuation allowance

​

 

(4,020,565)

​

 

(4,991,217)

​

​

$

—

​

$

—

Schedule of cash paid for income taxes (net of refunds)

​

​

​

​

​

​

​

  ​ ​ ​

Amount

​

United States

​

$

—

​

State:

​

 

​

​

CA

​

​

3,210

​

FL

​

 

8,220

​

GA

​

 

3,950

​

IL

​

 

7,000

​

MA

​

 

11,938

​

MN

​

​

3,105

​

TX

​

 

3,964

​

Other

​

​

3,603

​

Foreign

​

 

26,223

​

Total

​

$

71,213

​