General form for registration of securities under the Securities Act of 1933

Consolidated Balance Sheets

v3.25.2
Consolidated Balance Sheets
Mar. 31, 2025
USD ($)
Jun. 30, 2024
USD ($)
Jun. 30, 2023
USD ($)
CURRENT ASSETS:      
Cash $ 50,760 $ 21,085 $ 10,047
GST tax receivable 3,633 2,950 2,867
Prepaid expenses - current portion 9,680,347  
Prepaid expenses and other current assets 1,312 1,406 6,125
TOTAL CURRENT ASSETS 9,736,052 25,441 19,039
Deferred offering costs 92,117 27,117
Prepaid expenses - long-term portion 12,695,648  
Security deposit - related party 1,874 2,008 1,999
Property and equipment, net 302
TOTAL ASSETS 22,527,352 72,365 60,328
CURRENT LIABILITIES:      
Accounts payable 1,121,834 1,213,335 966,718
Accrued expenses and other payables 1,082,012 792,190 579,707
Accrued interest 167,592 94,612 44,709
Note payable, net of discount 281,508 204,694
Convertible notes, net of discounts and including put premiums 438,578 399,325 390,539
Embedded conversion option liabilities 191,770 133,886 423,209
Employee benefit liability 624,682 639,371 587,618
TOTAL CURRENT LIABILITIES 4,341,147 3,792,782 3,158,229
NON-CURRENT LIABILITIES:      
TOTAL NON-CURRENT LIABILITIES 93,913 58,642 19,278
TOTAL LIABILITIES 4,435,060 3,851,424 3,177,507
Commitments and Contingencies
STOCKHOLDERS’ DEFICIT:      
Common stock, value 11,612 8
Common stock issuable (0 and 27 shares as of June 30, 2024 and 2023, respectively)  
Additional paid-in capital 138,212,659 61,696,049 60,319,154
Accumulated other comprehensive income 1,464,557 1,269,581 1,294,876
Accumulated deficit (121,550,059) (66,698,220) (64,684,732)
Treasury stock ($0.001 share) (46,477) (46,477) (46,477)
TOTAL STOCKHOLDERS’ DEFICIT 18,092,292 (3,779,059) (3,117,179)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT 22,527,352 72,365 60,328
Series B Preferred Stock [Member]      
STOCKHOLDERS’ DEFICIT:      
Preferred stock, value
Related Party [Member]      
CURRENT ASSETS:      
Operating lease right-of-use assets, net - related party 1,661 17,799 38,988
CURRENT LIABILITIES:      
Loans payable 366,029 71,629
Operating lease liability - related party, current portion 1,862 19,362 21,505
NON-CURRENT LIABILITIES:      
Loan payable - long-term - related party, net of discount 93,913 58,642
Operating lease liability - long-term portion - related party 19,278
Nonrelated Party [Member]      
CURRENT LIABILITIES:      
Loans payable 65,280 145,091 65,280
Former Director [Member]      
CURRENT LIABILITIES:      
Loans payable 49,528 49,314
Due to former director - related party $ 29,759 $ 29,630