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Significant Accounting Policies (Policies)
 3 Months Ended
Sep. 30, 2025
Accounting Policies [Abstract]  
Principles of Consolidation
The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany accounts and transactions have been eliminated.
Use of Estimates
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America ("US GAAP") requires management to make estimates and assumptions that impact the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
Revenue Recognition Deferred Revenue
The Company records deferred revenues when cash payments are received or due in advance of its performance. The Company’s deferred revenues relate to payments received for the customer care plans for a 12-month period. The consideration received is recognized monthly over the service period. Revenue recorded that was included within prior period deferred revenue was $133,000 and $108,000, respectively for the three-month periods ended September 30, 2025 and 2024.
(in thousands)For the Three Months Ended September 30,
20252024
Beginning of Period$328 $280 
Additions111 183 
Revenue Recognized(162)(134)
End of Period$277 $329 
Accounts Receivable The Company recorded an allowance for credit losses of $75,177 and $164,499 as of  September 30, 2025 and June 30, 2025, respectively.
The activity for the allowance for credit losses during three months ended September 30, 2025 and 2024, is as follows

 For the Three Months Ended September 30,
 20252024
Balance, July 1$164,499 $171,104 
Recovery(88,134)— 
Write-offs(1,188)— 
Balance, September 30$75,177 $171,104 
Net Income (loss) Per Share
The Company used the two-class method to compute net income per common share. These participating securities included the Company’s convertible preferred stock which accrues dividends payable. The two-class method requires earnings for the period to be allocated between common stock and participating securities based upon their respective rights to receive distributed and undistributed earnings.

Under the two-class method, for periods with net income, basic net income per common share is computed by dividing the net income attributable to common stockholders by the weighted average number of shares of common stock outstanding during the period. Net income attributable to common stockholders is computed by subtracting from net income the portion of current period earnings that the participating securities would have been entitled to receive pursuant to their dividend rights had all of the period’s earnings been distributed. No such adjustment to earnings is made during periods with a net loss, as the holders of the participating securities have no obligation to fund losses.
Diluted net income per common share is computed under the two-class method by using the weighted average number of shares of common stock outstanding, plus, for periods with net income attributable to common stockholders, the potential dilutive effects of stock options. The Company analyzed the potential dilutive effect of any outstanding dilutive securities under the “if-converted” method and treasury-stock method when calculating diluted earnings per share, in which it is assumed that the outstanding participating securities convert into common stock at the beginning of the period or date of issuance, if later. The Company reports the more dilutive of the approaches (two-class or “if-converted”) as its diluted net income per share during the period. Basic earning per share is computed by dividing net income by the weighted average number of shares of common stock outstanding during the period. As of September 30, 2025 and 2024, the average market prices for the three months then ended are less than the exercise price of all the outstanding stock options and, therefore, the inclusion of the stock options would be anti-dilutive.
For the Three Months Ended September 30,
20252024
Numerator:
  Numerator for basic loss per share:
Net loss$(239,852)$(32,217)
Less undeclared dividends on convertible stocks13,006 12,970 
Net loss applicable to common stockholders$(252,858)$(45,187)
Net loss$(239,852)$(32,217)
Undeclared dividends on convertible stocks13,006 12,970 
Diluted loss$(252,858)$(45,187)
Denominator:
Denominator for basic loss per share - weighted average shares outstanding7,415,329 7,415,329 
Weighted average preferred stock converted to common stock— — 
Denominator for diluted earnings per share - weighted average and assumed conversion7,415,329 7,415,329 
Net loss per share:
Basic net loss per share$(0.03)$(0.01)
Diluted net loss per share$(0.03)$(0.01)

The following table summarizes convertible preferred stock and securities that, if exercised would have an anti-dilutive effect
on earnings per share.

For the Three Months Ended September 30,
20252024
Stock options21,00021,000
Convertible preferred stock6,923,5806,579,820
Total potential dilutive securities not included in income per share6,944,5806,600,820
Income Taxes
The Company accounts for income taxes under the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the consolidated financial statements. Under this method, the Company determines deferred tax assets and liabilities on the basis of the differences between the financial statement and tax bases of assets and liabilities by using enacted tax rates in effect for the period in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date. The estimated annual effective tax rate is updated quarterly based on
changes in the forecast of full-year income and tax expense. For the three months ended September 30, 2025 and 2024, the Company’s provision for income taxes and effective tax rate were zero.

The Company recognizes deferred tax assets to the extent that it believes that these assets are more likely than not to be realized. In making such a determination, the Company considers all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax-planning strategies, and results of recent operations. If the Company determines that it would be able to realize its deferred tax assets in the future in excess of their net recorded amount, the Company would make an adjustment to the deferred tax asset valuation allowance, which would reduce the provision for income taxes. We will continue to maintain a full valuation allowance on our deferred tax assets until there is sufficient positive evidence to support the reversal of all or some portion of these allowances. A release of the valuation allowance would result in the recognition of certain deferred tax assets and a corresponding income tax benefit in the period the release is recorded. The amount of the valuation allowance release will be determined based on the available sources of future taxable income as of the period in which the release is recorded. As of September 30, 2025 and June 30, 2025, the Company has recorded a full valuation allowance against its deferred tax assets.

The Company records uncertain tax positions in accordance with ASC 740 on the basis of a two-step process in which (1) the Company determines whether it is more likely than not that the tax positions will be sustained on the basis of the technical merits of the position and (2) for those tax positions that meet the more-likely-than-not recognition threshold, the Company recognizes the largest amount of tax benefit that is more than 50 percent likely to be realized upon ultimate settlement with the related tax authority.

The Company recognizes interest and penalties related to unrecognized tax benefits on the income tax expense line in the accompanying consolidated statements of operations. As of September 30, 2025 and June 30, 2025, no accrued interest or penalties were required to be included on the related tax liability line in the consolidated balance sheets.
Segment Reporting, Policy
The Company has one operating and reportable segment. The Company’s CODM is its Chief Executive Officer and Chief Operating Officer, who reviews financial information presented on a consolidated basis for the purpose of allocating resources and evaluating financial performance.