XML 18 R2.htm IDEA: XBRL DOCUMENT v3.25.4
Pay vs Performance Disclosure - USD ($)
12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2023
Pay vs Performance Disclosure [Table]      
Disclosure - Pay vs Performance Disclosure
                          
    SCT Total for PEO   CAP to PEO   Average SCT Total for Non-PEO Named Executive Officers   Average CAP to Non-PEO Named Executive Officers   Value of Initial Fixed $100 Investment Based on Total Shareholder Return   Net Loss 
Year   ($)(1)   ($)(2)   ($)(1)   ($)(3)   ($)(4)   ($) 
 2025    1,106,559    1,034,559    288,568    197,834    92.28    (5,780,246)
 2024    251,032    251,032    284,615    260,322    109.04    (2,951,377)
 2023    240,385    240,385    209,526    215,506    115.82    (144,613)
   
Named Executive Officers, Footnote [Text Block]

 

(1)Amounts reported in these columns represent total compensation as reported in the Summary Compensation Table for Dr. Forkey, our PEO, and the average of the total compensation as reported in the Summary Compensation Table for our remaining NEOs for the relevant fiscal year, which captures the individuals indicated in the table below for each fiscal year:

 

Year   PEO   Non-PEO NEOs
2025   Dr. Joseph Forkey   Wayne Coll, Mahesh Lawande
2024   Dr. Joseph Forkey   Wayne Coll, Mahesh Lawande
2023   Dr. Joseph Forkey   Daniel Habhegger, Jefferey DiRubio
   
Summary Compensation Table Total for PEO $ 1,106,559 $ 251,032 $ 240,385
Compensation Actually Paid to PEO $ 1,034,559 251,032 240,385
Adjustment To PEO Compensation, Footnote [Text Block]

 

(2)Amounts reported in these columns represent compensation actually paid (calculated in accordance with SEC rules) to Dr. Forkey for each year.

 

Adjustments to Determine CAP for PEO  2025   2024   2023 
Total SCT for PEO   1,106,559    251,032    240,385 
Deduction for Amounts Reportable under the "Option Awards" Columns in the SCT   (742,000)        
Increase for Fair Value of Awards Granted during the year that Remain Unvested as of Year end   670,000         
Total Adjustments   (72,000)        
CAP for PEO   1,034,559    251,032    240,385 
   
Average Summary Compensation Table Total for non-PEO Named Executive Officers $ 288,568 284,615 209,526
Average Compensation Actually Paid to non-PEO Named Executive Officers $ 197,834 260,322 215,506
Adjustment to Non-PEO NEO Compensation Footnote [Text Block]

 

(3)Amounts reported in these columns represent compensation actually paid (calculated in accordance with SEC rules) and the average of the compensation actually paid to Non-PEO NEOs and reflects the following adjustments from total compensation reported in the Summary Compensation Table:

 

 

 

 

Adjustments to Determine CAP for Non-PEO NEOs  2025   2024   2023 
Average total SCT for non-PEO NEOs   288,568    284,615    209,526 
Deduction for Amounts Reportable under the "Option Awards" Columns in the SCT   (166,950)       (291,784)
Increase for Fair Value of Awards Granted during the year that Remain Unvested as of Year end   150,750        274,000 
Increase/deduction for Change in Fair Value from Prior Year-end to current Year-end of Awards Granted Prior to year that were Outstanding and Unvested as of Year-end   (45,217)   (17,489)   6,222 
Increase/deduction for Change in Fair Value from Prior Year-end to Vesting of Awards Granted Prior to year that Vested During year   (29,317)   (4,211)   3,765 
Change in Fair Value of Awards Granted Prior to year that were modified during year       (2,593)   13,778 
Total Adjustments   (90,734)   (24,293)   5,981 
Average CAP for non-PEO NEOs   197,834    260,322    215,506 

 

(4)Assumes $100 invested on June 30, 2022, at the closing price on the last day of trading of our common stock and immediately prior to commencement of fiscal 2023.
   
CAP and Cumulative TSR

CAP and Cumulative TSR

 

The following chart sets forth the relationship between CAP to our CEO, the average CAP to our Non-CEO NEOs, and the Company’s cumulative TSR over the three most recently completed fiscal years.

 

 

   
CAP and Company Net Income

CAP and Company Net Income

 

The following chart sets forth the relationship between CAP to our CEO, the average CAP to our Non-CEO NEOs, and our net income during the three most recently completed fiscal years.

 

   
Value of Initial Fixed $100 Investment Based On Total Shareholder Return $ 92.28 109.04 115.82
Net Income/ (Loss) $ (5,780,246) $ (2,951,377) $ (144,613)
PEO Name Dr. Joseph Forkey Dr. Joseph Forkey Dr. Joseph Forkey
PEO [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ (72,000)
PEO [Member] | Deduction for Amounts Reportable under the "Option Awards" Columns in the SCT [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (742,000)
PEO [Member] | Increase for Fair Value of Awards Granted during the year that Remain Unvested as of Year end [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 670,000
Non-PEO NEO [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (90,734) (24,293) 5,981
Non-PEO NEO [Member] | Deduction for Amounts Reportable under the "Option Awards" Columns in the SCT [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (166,950) (291,784)
Non-PEO NEO [Member] | Increase for Fair Value of Awards Granted during the year that Remain Unvested as of Year end [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 150,750 274,000
Non-PEO NEO [Member] | Increase/deduction for Change in Fair Value from Prior Year-end to current Year-end of Awards Granted Prior to year that were Outstanding and Unvested as of Year-end [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (45,217) (17,489) 6,222
Non-PEO NEO [Member] | Increase/deduction for Change in Fair Value from Prior Year-end to Vesting of Awards Granted Prior to year that Vested During year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (29,317) (4,211) 3,765
Non-PEO NEO [Member] | Change in Fair Value of Awards Granted Prior to year that were modified during year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ (2,593) $ 13,778