Business and Credit Concentrations

6 Months Ended

Dec. 31, 2025

Business and Credit Concentrations

Business and Credit Concentrations

NOTE 3 – Business and Credit Concentrations

Financial instruments that potentially subject the Company to a concentration of credit risk mainly consist of cash equivalents, short-term investments and accounts receivable. Our cash equivalents and short-term investments primarily consist of government securities and money market funds which are held and managed by high credit quality financial institutions.

The Company had one customer that comprised 15% and 13% of the accounts receivable balance as of December 31, 2025 and June 30, 2025, respectively. The Company had one additional customer that comprised 16% accounts receivable balance as of December 31, 2025 and a different customer that comprised of 11% accounts receivable balance as of June 30, 2025. Sales to any customer did not exceed 10% of net revenues during the three and six months ended December 31, 2025 and 2024, respectively.