Stock-Based Compensation (Tables)

9 Months Ended

Mar. 31, 2025

Share-Based Payment Arrangement [Abstract]

Schedule of Share-Based Payment Award, Equity Instruments Other than Options, Valuation Assumptions

The following table summarizes the assumptions used to calculate the grant date fair value of the Tranche 3 RSUs

granted on August 6, 2024:

Expected term for performance period (in years)	4.9
Expected volatility	74.6%
Risk-free interest rate	3.7%

Share-Based Payment Arrangement, Cost by Plan

The following table presents the stock-based compensation costs recognized related to our RSUs for the three months

and nine months ended March 31, 2025:

	Three months ended March 31, 2025
	Stock-Based Compensation Cost Incurred	Remaining costs to recognize, if all vesting conditions are met	Weighted average remaining contractual term (in years)
IPO Awards (Tranche 1)	$732,006	$6,680,850	2.25
IPO Awards (Tranche 2)	181,851	1,654,406	2.25
IPO Awards (Tranche 3)	497,242	4,542,998	2.25
Retention Awards	180,702	546,321	0.8
Less: Forfeitures	(16,922)	—
Total Cost Incurred	$1,574,879	$13,424,575
Total Stock Compensation Costs Capitalized	$548,651
Total Stock Compensation Costs Expensed	1,026,228
Total Cost Incurred	$1,574,879

	Nine months ended March 31, 2025
	Stock-Based Compensation Cost Incurred	Remaining costs to recognize, if all vesting conditions are met	Weighted average remaining contractual term (in years)
IPO Awards (Tranche 1)	$1,935,750	$6,680,850	2.25
IPO Awards (Tranche 2)	480,894	1,654,406	2.25
IPO Awards (Tranche 3)	1,314,928	4,542,998	2.25
Retention Awards	477,857	546,321	0.8
Less: Forfeitures	(16,922)	—
Total Cost Incurred	$4,192,507	$13,424,575
Total Stock Compensation Costs Capitalized	$1,447,743
Total Stock Compensation Costs Expensed	2,744,764
Total Cost Incurred	$4,192,507