Quarterly report [Sections 13 or 15(d)]

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

v3.25.4
NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING AND REPORTING POLICIES (Tables)
6 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
SCHEDULE OF TRANSACTION EXCHANGE RATES

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

 

    December 31, 2025     June 30, 2025  
Exchange rate on balance sheet dates                
USD : AUD exchange rate     0.6667       0.6571  
                 
Average exchange rate for the period                
USD : AUD exchange rate     0.6521       0.6468  
SCHEDULE OF ACCUMULATED OTHER COMPREHENSIVE INCOME

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

 

    Foreign
Currency Items:
 
Balance, June 30, 2025   $ 1,318,917  
Unrealized foreign currency translation gain     9,198  
Ending balance, December 31, 2025   $ 1,328,115  
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

 

    December 31, 2025     December 31, 2024  
    (Unaudited)     (Unaudited)  
Stock Warrants with no designations     40,150       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 Series C Preferred stock     2,178,649       -  
Convertible Debt     169,753       44,971  
Total     2,388,552       231,327  

 

* Only convertible ratably upon exercise of Series B Warrants