SUBSEQUENT EVENTS	3 Months Ended
Sep. 30, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 12. SUBSEQUENT EVENTS As part of its previously announced strategic realignment around Spatial Core and divestiture of non-core assets, effective October 1, 2024, the Company divested the business of its wholly owned subsidiary company QReal, LLC (“QReal”) and its related operating entity GLIMPSE GROUP YAZILIM VE ARGE TİCARET ANONİM ŞİRKET (“Glimpse Turkey”) in a management buyout by the current General Manager of QReal (the “Divestiture”). The Company does not expect material changes to its expected revenues for years ended June 30, 2025 and 2026. The Company retains the revenues from QReal’s largest customer in full until such time that the Company has collected and retained $1.35 million net cash in the aggregate, after taking into account all related operating expenses and fees (the “Milestone”). After satisfaction of the Milestone, the Company will receive a monthly cash revenue share for a period of 18 months in relation to any revenues generated from this same customer. The Company was issued a $1.56 million senior secured convertible note by the purchasing (“New”) entity. Principal payback is tied directly to revenue collected by New entity (separate from the Milestone). The note converts to New entity equity upon certain equity capital raising of New entity, as defined. In addition, the Company was issued a 10% equity stake in New entity. The approximate assets and liabilities to be divested from this transaction included on the condensed consolidated balance sheet as of September 30, 2024 were $0.14 million and $0.10 million, respectively. It is estimated that the Company will record a loss of approximately $0.10 million on the transaction when the accounting is finalized in the quarter ended December 31, 2024.

SUBSEQUENT EVENTS

3 Months Ended

Sep. 30, 2024

NOTE 12. SUBSEQUENT EVENTS

As part of its previously announced strategic realignment around Spatial Core and divestiture of non-core assets, effective October 1, 2024, the Company divested the business of its wholly owned subsidiary company QReal, LLC (“QReal”) and its related operating entity GLIMPSE GROUP YAZILIM VE ARGE TİCARET ANONİM ŞİRKET (“Glimpse Turkey”) in a management buyout by the current General Manager of QReal (the “Divestiture”).

The Company does not expect material changes to its expected revenues for years ended June 30, 2025 and 2026.

The Company retains the revenues from QReal’s largest customer in full until such time that the Company has collected and retained $1.35 million net cash in the aggregate, after taking into account all related operating expenses and fees (the “Milestone”). After satisfaction of the Milestone, the Company will receive a monthly cash revenue share for a period of 18 months in relation to any revenues generated from this same customer.

The Company was issued a $1.56 million senior secured convertible note by the purchasing (“New”) entity. Principal payback is tied directly to revenue collected by New entity (separate from the Milestone). The note converts to New entity equity upon certain equity capital raising of New entity, as defined. In addition, the Company was issued a 10% equity stake in New entity.

The approximate assets and liabilities to be divested from this transaction included on the condensed consolidated balance sheet as of September 30, 2024 were $0.14 million and $0.10 million, respectively. It is estimated that the Company will record a loss of approximately $0.10 million on the transaction when the accounting is finalized in the quarter ended December 31, 2024.