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Note 18 - Subsequent Events
12 Months Ended
Jun. 30, 2025
Notes to Financial Statements  
Subsequent Events [Text Block]

 NOTE 18. SUBSEQUENT EVENTS

 

On July 4, 2025, President Trump signed into law Public Law 119-21, commonly known as the One Big Beautiful Bill Act (the “Act”). The Act contained several tax reform proposals that may impact the Company’s current deferred tax liabilities and assets. A Company is required to adjust current and deferred tax liabilities and assets for the effects of changes in tax laws or rates; however, the adjustment should be included in income from continuing operations in the interim period that includes the enactment date. As the Act was signed into law subsequent to the current year end, the impact of the Act on the Company’s current and deferred tax liabilities and assets are not included in this filing. We are currently evaluating the effects of these changes; however, we do not expect that the Act will have a material impact on our financial position.

 

Subsequent to June 30, 2025, the Company recorded an unrealized gain of approximately $1.3 million on an equity investment accounted for under the measurement alternative. The adjustment was based on an observable transaction in the investee’s securities.