XML 60 R37.htm IDEA: XBRL DOCUMENT v3.25.2

Income Taxes (Tables)

12 Months Ended

Jun. 30, 2025

Pre-Tax loss Information

Pre-tax loss consists of the following jurisdictions, in thousands:

		For the Fiscal Year Ended June 30,
		2025				2024
Domestic		$	(15,945	)		$	17,778
Foreign			—				—
Pre-tax (loss) income		$	(15,945	)		$	17,778

Reconciliation of Income Taxes Computed at U.S Federal Statutory Tax Rates to Income Tax Expense

The reconciliation of income tax computed at the U.S. federal statutory tax rates to income tax expense is as follows, in thousands:

		For the Fiscal Year Ended June 30,
		2025								2024
		$				%				$				%
Tax (benefit) expense at U.S. statutory rates		$	(3,349	)			21	%		$	3,733				21	%
State tax (benefit) expense			(2,733	)			17	%			796				5	%
Equity compensation			1,671				(10	)%			901				5	%
Change in valuation allowance			3,782				(24	)%			(6,281	)			(35	)%
Section 162(m) limitation			507				(3	)%			483				3	%
Other			122				(1	)%			368				1	%
		$	—				—	%		$	—				—	%

Deferred Tax Liabilities and Assets

Deferred tax liabilities and assets are comprised of the following, in thousands:

		June 30,
		2025				2024
Deferred tax assets (liabilities):
Tax losses carried forward		$	53,346			$	45,721
Capitalization of R&D costs			9,398				11,456
Fixed and intangible assets			7,881				8,058
Share-based payments			2,375				4,081
Right-of-use assets			—				(45	)
Other			700				647
Total deferred tax assets			73,700				69,918
Valuation allowance for deferred tax assets			(73,700	)			(69,918	)
Net deferred tax assets and liabilities		$	—			$	—

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-2

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(1)(Note 1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

+ Details

Name:	us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration