COMMITMENTS AND CONTINGENCIES (Tables)
|
6 Months Ended |
12 Months Ended |
Dec. 31, 2024 |
Jun. 30, 2024 |
| Commitments and Contingencies Disclosure [Abstract] |
|
|
| SCHEDULE OF RIGHT OF USE ASSET |
ROU
is summarized below:
SCHEDULE OF RIGHT OF USE ASSET
| |
|
December
31, 2024 (Unaudited)
|
|
|
June
30, 2024 |
|
| Office
lease |
|
$ |
66,201 |
|
|
$ |
66,201 |
|
| Less:
accumulated amortization |
|
|
(59,624 |
) |
|
|
(48,402 |
) |
| Right-of-use
asset, net |
|
$ |
6,577 |
|
|
$ |
17,799 |
|
|
ROU
is summarized below:
SCHEDULE OF RIGHT OF USE ASSET
| |
|
June
30, 2024 |
|
|
June
30, 2023 |
|
| Office lease |
|
$ |
66,201 |
|
|
$ |
66,201 |
|
| Less: accumulated amortization |
|
|
(48,402 |
) |
|
|
(27,213 |
) |
| Right-of-use asset,
net |
|
$ |
17,799 |
|
|
$ |
38,988 |
|
|
| SCHEDULE OF OPERATING LEASE LIABILITY |
Operating
Lease liabilities are summarized below:
SCHEDULE OF OPERATING LEASE LIABILITY
| |
|
December
31, 2024 (Unaudited)
|
|
|
June
30, 2024 |
|
| Office
lease |
|
$ |
66,201 |
|
|
$ |
66,201 |
|
| Reduction
of lease liability |
|
|
(58,903 |
) |
|
|
(46,839 |
) |
| Less:
office lease, current portion |
|
|
(7,298 |
) |
|
|
(19,362 |
) |
| Long
term portion of lease liability |
|
$ |
- |
|
|
$ |
- |
|
|
Operating
Lease liabilities are summarized below:
SCHEDULE OF OPERATING LEASE LIABILITY
| |
|
June
30, 2024 |
|
|
June
30, 2023 |
|
| Office lease |
|
$ |
66,201 |
|
|
$ |
66,201 |
|
| Reduction of lease liability |
|
|
(46,839 |
) |
|
|
(25,418 |
) |
| Less: office lease,
current portion |
|
|
(19,362 |
) |
|
|
(21,505 |
) |
| Long term portion
of lease liability |
|
$ |
- |
|
|
$ |
19,278 |
|
|
| SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS |
Remaining
future minimum lease payments under non-cancelable operating lease at December 31, 2024 are as follows:
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS
| |
|
|
|
|
| Fiscal
Year 2025 |
|
$ |
7,420 |
|
| Imputed
interest |
|
|
(122 |
) |
| Total
operating lease liability |
|
$ |
7,298 |
|
|
Remaining
future minimum lease payments under non-cancelable operating lease at June 30, 2024 are as follows:
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS
| |
|
|
|
|
| Fiscal Year 2025 |
|
$ |
20,079 |
|
| Imputed interest |
|
|
(717 |
) |
| Total operating lease
liability |
|
$ |
19,362 |
|
|