XML 34 R21.htm IDEA: XBRL DOCUMENT
v3.26.1

Note 15 - Foreign Operations | 9 Months Ended
--- | ---
Mar. 31, 2026
Notes to Financial Statements |
Foreign Currency Disclosure [Text Block] | 15. Foreign Operations Assets and liabilities denominated in non-U.S. currencies are translated at rates of exchange prevailing on the balance sheet date, and revenues and expenses are translated at average rates of exchange for the period. Gains or losses on the translation of the financial statements of a non-U.S. operation, where the functional currency is other than the U.S. dollar, are reflected as a separate component of equity, which was a cumulative gain of approximately $1.3 million and $1.0 million as of March 31, 2026 and June 30, 2025, respectively. For the three months ended March 31, 2026 and 2025, we recognized net foreign currency transaction losses of $0.1 million and gains of $0.01 million, respectively. We also recognized net foreign currency transaction losses of $0.1 million and a gain of $0.01 million for the nine months ended March 31, 2026 and 2025, respectively, included in the Condensed Consolidated Statements of Comprehensive Income (Loss) in the line item entitled “Other income (expense), net.” Our cash and cash equivalents totaled approximately $55.2 million at March 31, 2026. Of this amount, approximately 6% was held by our foreign subsidiaries in China and Latvia. These foreign funds were generated in China and Latvia as a result of foreign earnings. With respect to the funds generated by our foreign subsidiaries in China, the retained earnings of the respective subsidiary must equal at least 50% of its registered capital before any funds can be repatriated through dividends. As of March 31, 2026, LPOIZ had approximately $0.5 million in retained earnings available for repatriation, based on earnings accumulated through December 31, 2025, the end of the most recent statutory tax year, that remained undistributed as of March 31, 2026. Revenues from foreign countries for the three and nine months ended March 31, 2026 and 2025 are as follows:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | March 31, |  |  | March 31, |
|  | 2026 |  |  | 2025 |  |  | 2026 |  |  | 2025 |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 10,121,552 |  |  | $ | 5,745,895 |  |  | $ | 24,403,590 |  |  | $ | 16,374,544 |
Europe |  |  | 6,978,833 |  |  |  | 2,267,780 |  |  |  | 20,775,704 |  |  |  | 4,857,768 |
China |  |  | 1,036,800 |  |  |  | 711,823 |  |  |  | 3,210,798 |  |  |  | 2,036,124 |
Other Asian countries |  |  | 791,485 |  |  |  | 260,432 |  |  |  | 1,478,072 |  |  |  | 742,950 |
Rest of world |  |  | 221,144 |  |  |  | 181,697 |  |  |  | 691,583 |  |  |  | 981,451 |
|  | $ | 19,149,814 |  |  | $ | 9,167,627 |  |  | $ | 50,559,747 |  |  | $ | 24,992,837 |
Long-lived assets located in foreign countries as of March 31, 2026 and June 30, 2025 are as follows:
|  | March 31, |  |  | June 30, |
|  | 2026 |  |  | 2025 |
Long-lived assets: |  |  |  |  |  |  |  |
United States |  | $ | 54,256,805 |  |  | $ | 45,982,722 |
Latvia |  |  | 4,891,752 |  |  |  | 4,848,441 |
China |  |  | 2,112,990 |  |  |  | 2,300,608 |
|  | $ | 61,261,547 |  |  | $ | 53,131,771 |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for foreign currency transactions and translation. This may include description of foreign currency transactions, foreign currency gains and losses, explanation of change in cumulative translation adjustment, description of effect of subsequent foreign currency exchange rate change, cumulative translation adjustment movement, foreign currency translation adjustment by component movement, translation adjustment for net investment hedge movement, adjustment for long-term intercompany transactions, schedule of long-term intercompany balances and any other foreign currency transactions and translation related items. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 946 -SubTopic 830 -Name Accounting Standards Codification -Section 55 -Paragraph 14 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479168/946-830-55-14 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 946 -SubTopic 830 -Name Accounting Standards Codification -Section 55 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479168/946-830-55-15 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 946 -SubTopic 830 -Name Accounting Standards Codification -Section 55 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479168/946-830-55-13 Reference 4: http://www.xbrl.org/2003/role/exampleRef -Topic 946 -SubTopic 830 -Name Accounting Standards Codification -Section 55 -Paragraph 16 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479168/946-830-55-16 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479424/830-30-S99-1 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 830 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/830/tableOfContent Reference 7: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 830 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481926/830-20-50-3 + Details
Name: | us-gaap_ForeignCurrencyDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration