Accounts Payable and Accrued Liabilities

12 Months Ended

Jun. 30, 2025

Payables and Accruals [Abstract]

Accounts Payable and Accrued Liabilities

11. Accounts Payable and Accrued Liabilities

The table below presents the accounts payable and accrued liabilities as of June 30:

	2025		2024
Trade payables	$	417,195	$	4,255,398
Fixed assets in trade payables		283,278		996,970
Accrued expenses		5,122,514		2,244,266
Marketing agreement settlement		-		1,800,000
Total accounts payable and accrued liabilities	$	5,822,987	$	9,296,634

As of June 30, 2025 and 2024, no individual supplier accounted for more than 10% of the Company’s total accounts payable and accrued liabilities balance.

On July 3, 2024, the Company and Mercuria Energy America, LLC agreed to resolve their respective disputes related to a Marketing Agreement entered into in May 2023. Under the terms of the Settlement Agreement, the Company agreed to make six monthly payments to Mercuria Energy America, LLC of $0.3 million each. Upon the completion of the payments, the parties agreed to release any and all claims, disputes, actions, suits, proceedings, demands and/or liabilities in law and/or equity or otherwise. The total amount of payments due of $1.8 million was accrued as of June 30, 2024. As of June 30, 2025, all amounts have been paid.