The Glimpse Group Inc 2024年度报告

Form10-K (Mark One) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year endedJune 30,2025or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission file number001-40556 THE GLIMPSE GROUP, INC. (Exact name of registrant as specified in its charter) Nevada81-2958271(State or other jurisdiction ofincorporation or organization)(I.R.S. EmployerIdentification No.) 15 West 38thSt., 12thFloorNew York,NY10018(Address of principal executive offices)(Zip Code) Registrant’s telephone number, including area code:(917)292-2685 Securities registered pursuant to Section 12(b) of the Act: Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.☐Yes☒No Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act.☐Yes☒No Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days.☒Yes☐No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files).☒Yes☐No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act. ☐Accelerated filer☐☒Smaller reporting company☒Emerging growth company☒ Large accelerated filerNon-accelerated filer If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectivenessof its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registeredpublic accounting firm that prepared or issued its audit report.☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of theregistrant included in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).☐Yes☒No As of December 31, 2024, the aggregate market value of the registrant’s voting and non-voting common equity held by non-affiliatesof the registrant was approximately $41,000,000based on the closing sale price as reported on the Nasdaq Capital Market of $2.47 pershare. As of September 26, 2025,21,066,006shares of the registrant’s common stock were issued and outstanding. TABLE OF CONTENTSTHE GLIMPSE GROUP, INC.ANNUAL REPORT ON FORM 10-KFOR THE YEAR ENDED JUNE 30, 2025 PagePART I4Item 1. Business4Item 1A. Risk Factors11Item 1B. Unresolved Staff Comments25Item 1C. Cybersecurity25Item 2. Properties26Item 3. Legal Proceedings26Item 4. Mine Safety Disclosures26PART II27Item 5. Market For Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities27Item 6. [Reserved]28Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations28Item 7A. Quantitative and Qualitative Disclosures About Market Risk39Item 8. Financial Statements and Supplementary Data39Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure39Item 9A. Controls and Procedures39Item 9B. Other Information39Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections39PART III40Item 10. Directors, Executive Officers and Corporate Governance40Item 11. Executive Compensation45Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters48Item 13. Certain Relationships and Related Transactions, and Director Independence50Item 14. Principal Accountant Fees and Serv