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Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Jun. 30, 2025
Summary of Significant Accounting Policies [Abstract] |
Schedule of Costs, Estimated Earnings and Billings on Longer-Term Contracts | Costs, estimated earnings and billings on longer-term contracts when the cost-to-cost method of revenue recognition is utilized as of June 30, 2025 and 2024 consisted of the following (in thousands):
June 30, |  | 2025 |  |  | 2024 |
Costs incurred on uncompleted contracts |  | $ | 275 |  |  | $ | 1,795 |
Estimated earnings |  |  | 147 |  |  |  | 379 |
Less: billings to date |  |  | (647 | ) |  |  | (1,190 | )
Retainage |  |  | 106 |  |  |  | 238 |
Ending balance |  | $ | (119 | ) |  | $ | 1,222 |
Schedule of Consolidated Balance Sheets | These amounts are included in the Company’s consolidated balance sheets under the following captions (in thousands):
June 30, |  | 2025 |  |  | 2024 |
Contract assets |  | $ | 289 |  |  | $ | 1,222 |
Contract liabilities |  |  | (408 | ) |  |  | - |
Ending balance |  | $ | (119 | ) |  | $ | 1,222 |
Schedule of Basic and Diluted Earnings Per Share | Basic and diluted earnings per share for fiscal 2025 and fiscal 2024 are computed as follows (in thousands, except per share data):
|  | For the years ended June 30, |
|  | 2025 |  |  | 2024 |
Net income |  | $ | 7,498 |  |  | $ | 5,646 |
Less: distributed and undistributed income allocated to non-vested restricted common stock |  |  | 1,073 |  |  |  | 717 |
Net income allocated to EVI Industries, Inc. shareholders |  | $ | 6,425 |  |  | $ | 4,929 |
Weighted average shares outstanding used in basic earnings per share |  |  | 12,734 |  |  |  | 12,650 |
Dilutive common share equivalents |  |  | 425 |  |  |  | 568 |
Weighted average shares outstanding used in diluted earnings per share |  |  | 13,159 |  |  |  | 13,218 |
Basic earnings per share |  | $ | 0.50 |  |  | $ | 0.39 |
Diluted earnings per share |  | $ | 0.49 |  |  | $ | 0.37 |

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