Quarterly report [Sections 13 or 15(d)]

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING AND REPORTING POLICIES (Tables)

v3.25.1
NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING AND REPORTING POLICIES (Tables)
9 Months Ended
Mar. 31, 2025
Accounting Policies [Abstract]  
SCHEDULE OF TRANSACTION EXCHANGE RATES

As of March 31, 2025 and June 30, 2024, the exchange rates used to translate amounts in Australian dollars into USD for the purposes of preparing the consolidated financial statements were as follows:

 

    March 31, 2025     June 30, 2024  
Exchange rate on balance sheet dates                
USD : AUD exchange rate     0.6247       0.6693  
                 
Average exchange rate for the period                
USD : AUD exchange rate     0.6487       0.6557  
SCHEDULE OF ACCUMULATED OTHER COMPREHENSIVE INCOME

The change in Accumulated Other Comprehensive Income by component during the nine months ended March 31, 2025 was as follows:

 

    Foreign
Currency Items:
 
Balance, June 30, 2024   $ 1,269,581  
Unrealized foreign currency translation gain     194,976  
Ending balance, March 31, 2025   $ 1,464,557  
SCHEDULE OF PROPERTY AND EQUIPMENT ESTIMATED USEFUL LIVES

The estimated useful lives are as follows:

 

Machinery and equipment - 5 years
Furniture - 7 years
SCHEDULE OF ANTI-DILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF EARNINGS

 

    March 31, 2025     March 31, 2024  
    (Unaudited)     (Unaudited)  
Stock Options     -       -  
Stock Warrants with no designations     250       250  
Series A Warrants as if converted at alternate cashless exercise price     -       33,173  
Series C Warrants as if converted at alternate cashless exercise price *     -       152,933  
Convertible Debt     116,608       3,845  
Total     116,858       190,201  

 

* Only convertible ratably upon exercise of Series B Warrants