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STOCKHOLDERS’ EQUITY (DEFICIT) (Tables)

12 Months Ended

Jun. 30, 2025

Class of Warrant or Right [Line Items]

SCHEDULE OF FAIR VALUE ASSUMPTIONS OF STOCK OPTIONS

The Company uses the Black-Scholes valuation model to calculate the fair value of warrants. Weighted average annualized percentages and expected term inputs used in Black-Scholes valuations during the periods are listed below:

 SCHEDULE OF FAIR VALUE ASSUMPTIONS OF STOCK OPTIONS

		Year ended June 30,
		2025(1)				2024
Expected volatility			-				80.06	%
Risk free interest rate			-				4.86
Dividend yield			-				–
Expected term (years)							6.00

(1) No stock options were granted during the year ended June 30, 2025.

SCHEDULE OF STOCK OPTIONS ACTIVITY

Activity in stock options during the year ended June 30, 2025 and related balances outstanding as of that date are reflected below:

 SCHEDULE OF STOCK OPTIONS ACTIVITY

		Number of Shares				Weighted Average Exercise Price				Weighted Average Remaining Contract Term (# years)				Aggregate intrinsic Value				Weighted Average Grant Date Fair Value
Outstanding at June 30, 2024			1,605,060			$	4.85
Granted			–				–												-
Exercised			–				–								-
Forfeited and cancelled			(808,400	)			5.60
Outstanding at June 30, 2025			796,660				4.10				7.10				-
Exercisable at June 30, 2025			385,189				4.71				6.08				-

Activity in stock options during the year ended June 30, 2024 and related balances outstanding as of that date are reflected below:

		Number of Shares				Weighted Average Exercise Price				Weighted Average Remaining Contract Term (# years)				Aggregate intrinsic Value				Weighted Average Grant Date Fair Value
Outstanding at June 30, 2023			973,400			$	6.44
Granted			1,034,204				3.45											$	2.24
Exercised			(100,104	)			3.40							$	97,593
Forfeited and cancelled			(302,440	)			5.66
Outstanding at June 30, 2024			1,605,060				4.85				7.96
Exercisable at June 30, 2024			426,363				8.72				4.92

SCHEDULE OF RESTRICTED STOCK UNITS ACTIVITY

Activity in RSUs during the year ended June 30, 2025 and related balances outstanding as of that date are reflected below: 

 SCHEDULE OF RESTRICTED STOCK UNITS ACTIVITY

		Number of Shares				Weighted Average Grant Date Fair Value				Weighted Average Remaining Contract Term (# years)
Outstanding at June 30, 2024			114,666			$	5.56
Granted			200,000				1.60
Vested and settled			(102,896	)			5.28
Forfeited and cancelled			(11,770	)			8.00
Outstanding at June 30, 2025			200,000				1.60				0.91

Activity in RSUs during the year ended June 30, 2024 and related balances outstanding as of that date are reflected below:

		Number of Shares				Weighted Average Grant Date Fair Value				Weighted Average Remaining Contract Term (# years)
Outstanding at June 30, 2023			193,749			$	6.09
Granted			68,228				4.25
Vested and settled			(136,956	)			5.55
Forfeited and cancelled			(10,355	)			6.91
Outstanding at June 30, 2024			114,666				5.56				0.61

SCHEDULE OF STOCK-BASED COMPENSATION EXPENSES

The following table summarizes stock-based compensation expense for employee and non-employee stock option and RSU grants and ESPP participation:

SCHEDULE OF STOCK-BASED COMPENSATION EXPENSES 

		2025				2024
		Year ended June 30,
		2025				2024
Research and development		$	127,000			$	236,000
Selling and administrative			852,000				1,335,000
Total stock-based compensation expense		$	979,000			$	1,571,000

Warrant [Member]

Class of Warrant or Right [Line Items]

SCHEDULE OF STOCK WARRANT ACTIVITY

Warrant detail for the year ended June 30, 2025 is reflected below:

 SCHEDULE OF STOCK WARRANT ACTIVITY

		Number of Warrants				Weighted Average Exercise Price Per Warrant				Weighted Average Remaining Contract Term (# years)
Outstanding and exercisable at June 30, 2024			1,413,110			$	6.14
Issued			-				-
Exercised			-				-
Forfeited and cancelled			–				–
Outstanding and exercisable at June 30, 2025			1,413,110				6.14				1.48

Warrant detail for the year ended June 30, 2024 is reflected below:

		Number of Warrants				Weighted Average Exercise Price Per Warrant				Weighted Average Remaining Contract Term (# years)
Outstanding and exercisable at June 30, 2023			1,455,119			$	6.10
Issued			41,196				3.24
Exercised			-				-
Forfeited and cancelled			(83,205	)			4.00
Outstanding and exercisable at June 30, 2024			1,413,110				6.14				2.48

SCHEDULE OF FAIR VALUE ASSUMPTIONS OF STOCK OPTIONS

The Company uses the Black-Scholes valuation model to calculate the fair value of warrants. The fair value of warrants was measured at the issuance date using the assumptions in the table below:

SCHEDULE OF FAIR VALUE ASSUMPTIONS OF WARRANTS 

		Year ended June 30,
			2025(1)				2024
Expected volatility			-				83.70	%
Risk free interest rate			-				4.65	%
Dividend yield			-				-	%
Expected term (years)							5.00

⁽¹⁾ No warrants were issued during the year ended June 30, 2025.

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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