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

Condensed Consolidated Balance Sheets

v3.25.4
Condensed Consolidated Balance Sheets
Sep. 30, 2025
USD ($)
$ / shares
Jun. 30, 2025
USD ($)
$ / shares
Jun. 30, 2024
USD ($)
$ / shares
CURRENT ASSETS:      
Cash $ 602,737 $ 12,088 $ 21,085
GST tax receivable 8,383 5,302 2,950
Prepaid expenses - current portion 8,143,532 8,334,046
Other current assets 8,828 1,380 1,406
TOTAL CURRENT ASSETS 8,763,480 8,352,816 25,441
Deferred offering costs 15,000 291,773 27,117
Prepaid expenses - long-term portion 9,136,572 10,925,835
Security deposit - related party 1,986 1,971 2,008
Operating lease right-of-use assets, net - related party 56,279 59,413 17,799
Property and equipment, net 2,364
TOTAL ASSETS 17,975,681 19,631,808 72,365
CURRENT LIABILITIES:      
Accounts payable 1,072,108 1,249,596 1,213,335
Accrued expenses and other payables 842,154 1,486,550 792,190
Accrued interest 150,443 190,795 94,612
Notes payable, net of discount 543,312 204,694
Convertible notes, net of discounts and including put premiums 106,968 537,921 399,325
Operating lease liability - related party, current portion 20,500 17,664  
Embedded conversion option liabilities 167,878 403,892 133,886
Employee benefit liability 686,863 667,901 639,371
TOTAL CURRENT LIABILITIES 3,572,434 5,578,240 3,792,782
NON-CURRENT LIABILITIES:      
Loan payable - long-term - related party, net of discount 105,627 58,642
Operating lease liability - long-term portion - related party 42,080 41,749  
TOTAL NON-CURRENT LIABILITIES 42,080 147,376 58,642
TOTAL LIABILITIES 3,614,514 5,725,616 3,851,424
Commitments and Contingencies (See Note 9)
STOCKHOLDERS’ EQUITY (DEFICIT):      
Common stock, $0.001 par value; 10,000,000,000 shares authorized;11,611,782 and 7,980 shares issued and outstanding as of June 30, 2025 and 2024, respectively 12,807 11,612 8
Common stock issuable (7,750 and 0 shares as of June 30, 2025 and 2024, respectively) 519 8
Additional paid-in capital 143,517,615 138,243,652 61,696,049
Accumulated other comprehensive income 1,335,961 1,318,917 1,269,581
Accumulated deficit (130,459,258) (125,621,520) (66,698,220)
Treasury stock ($0.001 share) $ (46,477) $ (46,477) $ (46,477)
Treasury stock price per share | $ / shares $ 0.001 $ 0.001 $ 0.001
TOTAL STOCKHOLDERS’ EQUITY (DEFICIT) $ 14,361,167 $ 13,906,192 $ (3,779,059)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) 17,975,681 19,631,808 72,365
Series A Preferred Stock [Member]      
STOCKHOLDERS’ EQUITY (DEFICIT):      
Preferred stock, value  
Series B Preferred Stock [Member]      
STOCKHOLDERS’ EQUITY (DEFICIT):      
Preferred stock, value
Nonrelated Party [Member]      
CURRENT LIABILITIES:      
Loan payable 65,280 65,280 145,091
Related Party [Member]      
CURRENT ASSETS:      
Operating lease right-of-use assets, net - related party 56,279 59,413 17,799
CURRENT LIABILITIES:      
Loan payable 460,240 415,329 71,629
Operating lease liability - related party, current portion 20,500 17,664 19,362
NON-CURRENT LIABILITIES:      
Loan payable - long-term - related party, net of discount 0 105,627 58,642
Operating lease liability - long-term portion - related party $ 42,080 41,749
Former Director [Member]      
CURRENT LIABILITIES:      
Loan payable   49,528
Due to former director - related party   $ 29,759