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SEGMENT INFORMATION
 3 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
SEGMENT INFORMATION

NOTE 4. SEGMENT INFORMATION

 

ASC 280, Segment Reporting, establishes standards for the manner in which companies report financial information about operating segments, products, services, geographic areas and major customers.

 

The following tables set forth the Company’s revenue, government support income, net loss and long-lived assets and inventories by operating and reportable segments.

 

 

A) Revenue, government support income and net loss

 

   2025   2024(1) 
   Three Months Ended September 30, 
   2025   2024(1) 
Revenue        
United Kingdom  $1,068,920   $823,837 
APAC   1,686    580 
Americas   4,970    11,095 
Rest of World   36,221    36,775 
Total Revenue  $1,111,797   $872,287 
           
Government Support Income          
United Kingdom  $70,381   $- 
APAC   122,886    126,128 
Total Government Support Income  $193,267   $126,128 
           
Net Income (Loss)          
United Kingdom  $(617,454)  $(666,952)
APAC   (1,152,599)   (881,436)
Americas   (1,251,737)   (1,167,526)
Rest of World   26,798    21,115 
Total Net Loss  $(2,994,992)  $(2,694,799)

 

(1) Comparative amounts for the prior period have been reclassified to conform to current period presentations.

 

B) Long-lived assets and inventories, net

 

Long-lived assets, net  September 30, 2025   June 30, 2025 
United Kingdom  $5,360,433   $3,906,667 
APAC   193,507    204,497 
Americas   -    - 
Rest of World   -    - 
Total Long-Lived Assets  $5,553,940   $4,111,164 
           
Inventories          
United Kingdom  $560,027   $564,559 
APAC   68,150    70,656 
Americas   -    - 
Rest of World   -    - 
Total Inventories  $628,177   $635,215 
           
Total Long-Lived Assets and Inventories, net  $6,182,117   $4,746,379 

 

The Company’s segment revenue, segment expenses, segment net income (loss), and a reconciliation of the total reportable segment’s net income (loss) to the consolidated net income(loss) are as follows:

 

   United Kingdom   APAC   Americas   Rest of world   Total 
   Three Months Ended September 30, 2025 
   United Kingdom   APAC   Americas   Rest of World   Total 
Revenue  $1,068,920   $1,686   $4,970   $36,221   $1,111,797 
Add: Government support income   70,381    122,886    -    -    193,267 
Less: Cost of revenue (exclusive of amortization shown separately below)   (581,486)   (1,551)   (1,046)   (9,423)   (593,506)
Selling, general and administrative expenses   (760,600)   (762,959)   (1,136,265)   -    (2,659,824)
Development and regulatory approval expenses   (128,681)   (231,270)   (126,218)   -    (486,169)
Depreciation and amortization   (284,808)   (18,570)   -    -    (303,378)
Impairment of long-lived assets   -    (261,780)   -    -    (261,780)
Other segment items(1)   (1,180)   (1,041)   6,822    -    4,601 
Segment net income (loss)  $(617,454)  $(1,152,599)  $(1,251,737)  $26,798   $(2,994,992)

 

(1) Other segment items included interest income, interest expense and realized currency loss.

 

 

   United Kingdom(1)   APAC(1)   Americas(1)   Rest of world(1)   Total(1) 
   Three Months Ended September 30, 2024(1) 
   United Kingdom   APAC   Americas   Rest of World   Total 
Revenue   $823,837   $580   $11,095   $36,775   $872,287 
Add: Government support income   -    126,128    -    -    126,128 
Less: Cost of revenue (exclusive of amortization shown separately below)   (491,264)   (11,957)   (6,605)   (15,660)   (525,486)
Selling, general and administrative expenses   (581,560)   (699,253)   (668,203)   -    (1,949,016)
Development and regulatory approval expenses   (112,794)   (281,963)   (553,995)   -    (948,752)
Depreciation and amortization   (290,158)   (10,264)   -    -    (300,422)
Impairment of long-lived assets   -    -    -    -    - 
Other segment items(2)   (15,013)   (4,707)   50,182    -    30,462 
Segment net income (loss)  $(666,952)  $(881,436)  $(1,167,526)  $21,115   $(2,694,799)

 

(1) Comparative amounts for the prior period have been reclassified to conform to current period presentations.
(2) Other segment items included interest income, interest expense and realized currency loss.