Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets

v3.25.1
Condensed Consolidated Balance Sheets
Mar. 31, 2025
USD ($)
Jun. 30, 2024
USD ($)
CURRENT ASSETS:    
Cash $ 50,760 $ 21,085
GST tax receivable 3,633 2,950
Prepaid expenses - current portion 9,680,347
Other current assets 1,312 1,406
TOTAL CURRENT ASSETS 9,736,052 25,441
Deferred offering costs 92,117 27,117
Prepaid expenses - long-term portion 12,695,648
Security deposit - related party 1,874 2,008
TOTAL ASSETS 22,527,352 72,365
CURRENT LIABILITIES:    
Accounts payable 1,121,834 1,213,335
Accrued expenses and other payables 1,082,012 792,190
Accrued interest 167,592 94,612
Notes payable, net of discount 281,508 204,694
Convertible notes, net of discounts and including put premiums 438,578 399,325
Embedded conversion option liabilities 191,770 133,886
Employee benefit liability 624,682 639,371
TOTAL CURRENT LIABILITIES 4,341,147 3,792,782
NON-CURRENT LIABILITIES:    
TOTAL NON-CURRENT LIABILITIES 93,913 58,642
TOTAL LIABILITIES 4,435,060 3,851,424
Commitments and Contingencies (See Note 8)  
STOCKHOLDERS’ EQUITY (DEFICIT):    
Common stock, $0.001 par value; 10,000,000,000 shares authorized; 11,611,782 and 7,980 shares issued and outstanding as of March 31, 2025 and June 30, 2024, respectively 11,612 8
Additional paid-in capital 138,212,659 61,696,049
Accumulated other comprehensive income 1,464,557 1,269,581
Accumulated deficit (121,550,059) (66,698,220)
Treasury stock ($0.001 share) (46,477) (46,477)
TOTAL STOCKHOLDERS’ EQUITY (DEFICIT) 18,092,292 (3,779,059)
TOTAL LIABILITIES AND STOCKHOLDERS’EQUITY (DEFICIT) 22,527,352 72,365
Series B Preferred Stock [Member]    
STOCKHOLDERS’ EQUITY (DEFICIT):    
Preferred stock
Related Party [Member]    
CURRENT ASSETS:    
Operating lease right-of-use assets, net - related party 1,661 17,799
CURRENT LIABILITIES:    
Loan payable 366,029 71,629
Operating lease liability - related party, current portion 1,862 19,362
NON-CURRENT LIABILITIES:    
Loan payable - long-term - related party, net of discount 93,913 58,642
Nonrelated Party [Member]    
CURRENT LIABILITIES:    
Loan payable 65,280 145,091
Former Director [Member]    
CURRENT LIABILITIES:    
Loan payable 49,528
Due to former director - related party $ 29,759