Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited)

v3.25.1
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2025
Mar. 31, 2024
REVENUE        
Revenue
OPERATING EXPENSES        
Administration expenses 53,068,147 348,841 53,442,499 1,060,854
Occupancy expenses - related party 6,469 6,578 20,187 19,584
Research and development 54,097 65,448 170,199 195,712
TOTAL OPERATING EXPENSES 53,128,713 420,867 53,632,885 1,276,150
LOSS FROM OPERATIONS (53,128,713) (420,867) (53,632,885) (1,276,150)
OTHER INCOME (EXPENSE)        
Interest expense (104,042) (133,141) (309,215) (575,837)
Interest income 1 27 2 60
Derivative expense (59,271) (95,012) (123,379)
Change in fair value of derivative liabilities 47,119 70,213 113,487 372,371
Gain (loss) on extinguishment of debt, net (809,954) (6,781) (840,032) 27,318
Foreign currency transaction gain (loss) (12,486) (36,426) (88,184) (15,228)
TOTAL OTHER INCOME (EXPENSE), NET (938,633) (106,108) (1,218,954) (314,695)
LOSS BEFORE TAXES (54,067,346) (526,975) (54,851,839) (1,590,845)
Tax benefit 275 128,895
NET LOSS (54,067,346) (526,700) (54,851,839) (1,461,950)
Deemed Dividend (15,800) (192,960)
NET LOSS AVAILABLE TO COMMON STOCKHOLDERS $ (54,067,346) $ (542,500) $ (54,851,839) $ (1,654,910)
BASIC NET LOSS PER SHARE AVAILABLE TO COMMON STOCKHOLDERS $ (12.50) $ (545.79) $ (38.62) $ (3,164.41)
DILUTED NET LOSS PER SHARE AVAILABLE TO COMMON STOCKHOLDERS $ (12.50) $ (545.79) $ (38.62) $ (3,164.41)
BASIC WEIGHTED AVERAGE SHARES OUTSTANDING 4,325,994 994 1,420,307 523
DILUTED WEIGHTED AVERAGE SHARES OUTSTANDING 4,325,994 994 1,420,307 523
OTHER COMPREHENSIVE INCOME (LOSS)        
Unrealized foreign currency translation gain (loss) $ (27,311) $ 105,380 $ 194,976 $ 44,574
TOTAL OTHER COMPREHENSIVE INCOME (LOSS) (27,311) 105,380 194,976 44,574
TOTAL COMPREHENSIVE LOSS $ (54,094,657) $ (437,120) $ (54,656,863) $ (1,610,336)