XML 37 R26.htm IDEA: XBRL DOCUMENT v3.25.0.1
Summary of Significant Accounting Principals (Tables)
6 Months Ended
Dec. 31, 2024
Accounting Policies [Abstract]  
Schedule of Disaggregation of Revenue

The tuition and related revenue consist of the following during the three and six months ended December 31, 2024 and 2023:

 

   2024   2023   2024   2023 
  

For the Three Months Ended

December 31,

  

For the Six Months Ended

December 31,

 
   2024   2023   2024   2023 
Tuition and lab fees (recognized over time)  $12,477,378   $8,980,760   $24,598,235   $17,454,675 
Books, registration and other fees (recognized at a point in time)   1,157,756    1,570,537    3,041,990    3,463,556 
Total revenue  $13,635,134   $10,551,297   $27,640,225   $20,918,231 
Schedule of Reconciliation of Basic and Diluted

The following table provides a reconciliation of the numerators and denominators used to determine basic and diluted net income per common share for the three and six months ended December 31, 2024 and 2023:

 

   2024   2023   2024   2023 
  

For the Three Months Ended

December 31,

  

For the Six Months Ended

December 31,

 
   2024   2023   2024   2023 
Numerator                
Net income  $1,399,046    1,289,961   $3,489,799   $2,359,557 
                     
Denominator                    
Weighted-average shares outstanding, basic   12,254,453    9,291,149    10,787,640    9,291,149 
Dilutive impact of share-based instruments   1,163,370    400,000    1,163,370    400,000 
Weighted-average shares outstanding, diluted   13,417,823    9,691,149    11,951,010    9,691,149 
                     
Net income per share                    
Basic  $0.11   $0.14   $0.32   $0.25 
Diluted  $0.10   $0.13   $0.29   $0.24