DISCONTINUED OPERATIONS

9 Months Ended

Mar. 31, 2026

Discontinued Operations and Disposal Groups [Abstract]

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS:

On June 30, 2022, the Company sold its Opensalon® Pro (OSP) software-as-a-service solution to Soham, Inc. As a result of the sale, the Company classified the OSP business as discontinued operations in the financial statements for all periods presented. The Company received no proceeds from the sale in the three and nine months ended March 31, 2026. During the three and nine months ended March 31, 2025, the Company received zero dollars and $8.5 million, respectively, of proceeds related to the number of salons migrating to Soham's Zenoti product. Income taxes have been allocated to continuing and discontinued operations based on the methodology required by accounting for income taxes guidance. There was no tax impact recorded for the three and nine months ended March 31, 2025, due to a valuation allowance. Cash provided by (used in) investing activities for the nine months ended March 31, 2025, includes $8.5 million of cash from discontinued operations.