Subsequent Events

9 Months Ended

Mar. 31, 2025

Subsequent Events [Abstract]

Subsequent Events [Text Block]

Note 8. Subsequent Events

Effective as of April 1, 2025 ("Commencement Date"), the Company, as tenant, entered into a lease ("Lease") with Ninety-Nine Technologies, LLC, as landlord, to occupy 56,687 square-feet of the manufacturing facility located at 1200 Trapp Road, Eagan, Minnesota. The initial term of the Lease begins on the Commencement Date and continues for a period of thirty-nine calendar months, subject to an option to extend the term for one additional period of 36 calendar months in accordance with the terms thereof. Under the Lease, the Company is obligated to pay annual base rent for the first year of $481,840, increasing at 4% per annum over the term of the Lease, together with its proportionate share of certain operating expenses.