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

DERIVATIVE FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Tables)

v3.25.2
DERIVATIVE FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Tables)
9 Months Ended 12 Months Ended
Mar. 31, 2025
Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]    
SCHEDULE OF FAIR VALUE MEASUREMENTS, RECURRING AND NONRECURRING, VALUATION TECHNIQUES

   

Initial Valuations
(on new derivative
instruments entered

into during the three
months ended
March 31, 2025)

    March 31, 2025  
Volatility     344-368 %     344 %
Expected Remaining Term (in years)     0.66       0.01 - 0.62  
Risk Free Interest Rate     4.25-4.26 %     4.23-4.38 %
Expected dividend yield     None       None  

 

   

Initial Valuations
(on new derivative
instruments entered

into during the year ended June 30, 2024)

Volatility     323.40333.45 %
Expected Remaining Term (in years)     0.50  
Risk Free Interest Rate     5.42 - 5.55 %
Expected dividend yield     None  

 

    June 30, 2024   June 30, 2023
Volatility     323.40 %     334.56 %
Expected remaining term     0.01 - 0.28       0.01 - 0.73  
Risk-free interest rate     5.45 - 5.47 %     5.24 %
Expected dividend yield     None       None  
SCHEDULE OF FAIR VALUE, ASSETS AND LIABILITIES MEASURED ON RECURRING BASIS

    Balance at
March 31, 2025
   

Quoted Prices

in Active

Markets for

Identical
Assets

   

Significant

Other

Observable
Inputs

   

Significant

Unobservable Inputs

 
          (Level 1)     (Level 2)     (Level 3)  
Embedded conversion option liabilities   $ 191,770     $     $     $ 191,770  
Total   $ 191,770     $     $     $ 191,770  

 

    Balance at
June 30, 2024
   

Quoted Prices

in Active

Markets for

Identical
Assets

   

Significant

Other

Observable
Inputs

   

Significant

Unobservable Inputs

 
          (Level 1)     (Level 2)     (Level 3)  
Embedded conversion option liabilities   $ 133,886     $     $     $ 133,886  
Total   $ 133,886     $     $     $ 133,886  

 

    Balance at
June 30, 2024
 

Quoted

Prices

in Active

Markets for

Identical Assets

 

Significant

Other

Observable Inputs

 

Significant

Unobservable Inputs

        (Level 1)    (Level 2)   (Level 3)
Embedded conversion option liabilities   $ 133,886     $        $        $ 133,886  
Total   $ 133,886     $        $        $ 133,886  

 

The following tables summarize the Company’s financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2023:

 

    Balance at
June 30, 2023
 

Quoted

Prices

in Active

Markets for

Identical Assets

 

Significant

Other

Observable Inputs

 

Significant

Unobservable Inputs

        (Level 1)   (Level 2)   (Level 3)
Embedded conversion option liabilities   $ 423,209     $        $        $ 423,209  
Total   $ 423,209     $        $        $ 423,209  
SCHEDULE OF DERIVATIVE LIABILITIES AT FAIR VALUE

The following is a roll forward for the nine months ended March 31, 2025 of the fair value liability of price adjustable derivative instruments:

    Fair Value of  
    Liability for  
    Derivative  
    Instruments  
Balance at June 30, 2024   $ 133,886  
Initial fair value of embedded conversion option derivative liability recorded as debt discount     150,000  
Initial fair value of embedded conversion option derivative liability recorded as derivative expense     95,012  
Reduction of derivative liability upon debt conversion     (73,641 )
Change in fair value included in statements of operations     (113,487 )
Balance at March 31, 2025   $ 191,770  

The following is a roll forward for the years ended June 30, 2024 and 2023 of the fair value liability of price adjustable derivative instruments:

 

    Fair Value of
    Liability for
    Derivative
    Instruments
Balance at June 30, 2022   $ 151,262  
Initial fair value of embedded conversion option derivative liability recorded as debt discount     93,668  
Gain on debt extinguishment     (352,051 )
Change in fair value included in statements of operations     530,330  
Balance at June 30, 2023     423,209  
Initial fair value of embedded conversion option derivative liability recorded as debt discount     150,000  
Initial fair value of embedded conversion option derivative liability recorded as derivative expense     141,012  
Gain on debt extinguishment     (263,798 )
Change in fair value included in statements of operations     (316,537 )
Balance at June 30, 2024   $ 133,886