XML 45 R25.htm IDEA: XBRL DOCUMENT
v3.25.3

Subsequent Events | 12 Months Ended
--- | ---
Jun. 30, 2025
Subsequent Events [Abstract] |
SUBSEQUENT EVENTS | NOTE 18 – SUBSEQUENT EVENTS On October 13, 2025, subsequent to the balance sheet date of June 30, 2025, the Company received notice from the NYSE that the staff of NYSE Regulation has determined to commence proceedings to delist the Company’s common stock from the NYSE. In connection therewith, trading in the Company’s common stock was suspended immediately on the NYSE. NYSE Regulation reached its decision to delist the Company’s common stock pursuant to Section 802.01B of the NYSE’s Listed Company Manual because the Company had fallen below the NYSE’s continued listing standard requiring listed companies to maintain an average global market capitalization over a consecutive 30 trading day period of at least $15,000,000. The Company has a right to a review of this determination by a Committee of the Board of Directors of the NYSE. The NYSE will apply to the SEC to delist the Company’s common stock upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staff’s decision. The Company is currently evaluating its options, including whether to appeal the NYSE’s determination. If the Company’s common stock is ultimately delisted from the NYSE, the Company would seek to have its shares quoted on an over-the-counter market, such as the OTCQX or OTCQB. However, there is no guarantee that the Company will be successful in securing a listing on the OTC market. A delisting would likely result in a less liquid market for our common stock, could adversely affect its market price, and would impair our ability to raise capital through equity financing. The Company has evaluated the effects of this matter in accordance with Accounting Standards Codification (“ASC”) Topic 855, Subsequent Events, and has determined that, other than the disclosures herein, it does not represent an adjusting event. However, the potential delisting raises substantial doubt about the Company’s ability to continue as a going concern, as further discussed in Note 3 – Going Concern. See also “Item 1A. Risk Factors” and “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations” in this Annual Report on Form 10-K for additional information regarding risks associated with the Company’s listing status and market capitalization.

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

X
- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/855/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483399/855-10-50-2 + Details
Name: | us-gaap_SubsequentEventsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration