Equity (Tables)

12 Months Ended

Jun. 30, 2026

Schedule of activity in temporary equity


		Amount
Balance, June 30, 2025		$	—
Issuance of potential redeemable Class A Ordinary Shares			4,201,307
Accretion to redemption value			—
Balance, June 30, 2026		$	4,201,307

Pre-funded warrant

Summary of warrant activities


							Weighted		Average
							Average		Remaining
		Warrants		Exercisable		Exercise			Contractual
		Outstanding		Shares		Price			Life
June 30, 2025		—		—		$	—		—
Issuance		1,291,573		1,291,573		$	0.0003		—
Exercised		—		—		$	—		—
June 30, 2026		1,291,573		1,291,573		$	0.0003		—

Summary of warrant activities


						Weighted			Average
						Average			Remaining
		Warrants		Exercisable		Exercise			Contractual
		Outstanding		Shares		Price			Life
June 30, 2023		19,259		19,259		$	2,265.00		3.89
Granted/Acquired		3,569		3,569		$	1,632.00		7.00
Cancellation (see Note 9)		(1,667)		(1,667)		$	406.55		—
Exercised		(2,833)		(2,833)		$	406.55		—
June 30, 2024		18,328		18,328		$	2,166.00		3.06
Granted/Acquired		—		—		$	—		—
Adjustment on down-round feature*		66,873		66,873		$	228.00		10.00
Forfeited		(1)		(1)		$	27,000.00		—
Exercised		(62,716)		(62,716)		$	—		—
June 30, 2025		22,484		22,484		$	1,652.23		6.16
Granted/Acquired		—		—		$	—		—
Adjustment on down-round feature*		229,604		229,604		$	1.63		6.31
Exercised		(55,753)		(55,753)		$	—		—
June 30, 2026		196,335		196,335		$	192.59		6.19

* Certain warrants issued in prior financing arrangements contain anti-dilution and down-round provisions that adjust the exercise price, in certain circumstances, the number of shares issuable upon exercise. During the years ended June 30, 2025 and 2026, this down-round feature was triggered. The fair value effect of the down-round adjustment was recognized within equity as a reclassification between retained earnings and additional paid-in capital in accordance with ASC 260-10-55-97, and was treated as a deemed dividend excluded from the numerator of basic earnings per share.

Tabular disclosure of temporary equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer.

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