XML 76 R50.htm IDEA: XBRL DOCUMENT v3.25.3
Fair Value Measurement (Tables)
12 Months Ended
Jun. 30, 2025
Fair Value Measurement [Abstract]  
Schedule of Assets or Liabilities Measured at Fair Value on a Recurring Basis The following table provides information related to the Company’s assets and liabilities measured at fair value on a recurring basis as of June 30, 2025 and September 26, 2024 (issuance date):
June 30, 2025   Carrying
Value
    Quoted
Prices in
Active
Markets
(Level 1)
    Significant
Other
Observable
Inputs
(Level 2)
    Significant
Other
Unobservable
Inputs
(Level 3)
 
Liabilities:                        
Earnout liabilities   $      -     $                -     $                -     $    -  
Total   $         -     $       -     $       -     $      -  

 

September 26, 2024 (issuance date)   Carrying
Value
    Quoted
Prices in
Active
Markets
(Level 1)
    Significant
Other
Observable
Inputs
(Level 2)
    Significant
Other
Unobservable
Inputs
(Level 3)
 
Liabilities:                        
Earnout liabilities   $ 5,688,007     $                -     $                -     $ 5,688,007  
Total   $ 5,688,007     $ -     $ -     $ 5,688,007  
Schedule of Observable and Unobservable Inputs of the Earnout Liability

The following table presents the observable and unobservable inputs of the earnout liability for earnout shares based on revenue targets as of September 26, 2024 (issuance date):

 

          September 26,
2024
 
Inputs   Input Method     Input Value  
Simulated forecast of base monthly revenue   Unobservable     $ 7.4 million  
Industry revenue growth   Unobservable       1.7 %
Revenue volatility   Unobservable       30.5 %
Stock volatility   Unobservable       103.2 %
Stock price   Observable     $ 11.20  
Risk-free rate   Observable       4.16 %
Term   Observable       0.76 Years  

 

          June 30,
2025
 
Inputs   Input Method     Input Value  
Actual revenue   Unobservable     $ 5.5 million  
Term   Observable       0.00 Years  
Schedule of Level 3 Instruments Measured at Fair Value

The following table summarizes the activity for the Company’s Level 3 instruments measured at fair value on a recurring basis:

 

   Earnout
Liabilities
 
Balance as of June 30, 2024  $    - 
Issuances – September 26, 2024  5,688,007 
Change in fair value  (5,688,007)
Balance as of June 30, 2025  $-