Annual report [Section 13 and 15(d), not S-K Item 405]

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

v3.25.2
NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING AND REPORTING POLICIES (Tables)
12 Months Ended
Jun. 30, 2025
Accounting Policies [Abstract]  
SCHEDULE OF TRANSACTION EXCHANGE RATES

As of June 30, 2025 and 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:

 

    June 30, 2025     June 30, 2024  
Exchange rate on balance sheet dates                
USD : AUD exchange rate     0.6571       0.6693  
                 
Average exchange rate for the period                
USD : AUD exchange rate     0.6468       0.6557  
SCHEDULE OF ACCUMULATED OTHER COMPREHENSIVE INCOME

Change in Accumulated Other Comprehensive Income (Loss) by component during the years ended June 30, 2025 and 2024 were as follows:

 

    Foreign
Currency Items:
 
Beginning balance, June 30, 2023   $ 1,294,876  
Foreign currency translation loss     (25,295 )
Balance, June 30, 2024     1,269,581  
Foreign currency translation gain     49,336  
Ending balance, June 30, 2025   $ 1,318,917  


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

 SCHEDULE OF ANTI-DILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF EARNINGS

    June 30, 2025     June 30, 2024  
             
Warrants with no designations     250       250  
Series A Warrants as if converted at alternate cashless exercise prices     -       33,173  
Series C Warrants as if converted at alternate cashless exercise prices *     -       152,933  
Convertible Debt     189,896       6,562  
Total     190,146       192,918  

 

* Only convertible ratably upon exercise of Series B Warrants