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

Condensed Consolidated Balance Sheets

v3.25.4
Condensed Consolidated Balance Sheets
Dec. 31, 2025
USD ($)
$ / shares
Jun. 30, 2025
USD ($)
$ / shares
Jun. 30, 2024
USD ($)
$ / shares
CURRENT ASSETS:      
Cash $ 561,237 $ 12,088 $ 21,085
GST tax receivable 16,994 5,302 2,950
Prepaid expenses - current portion 7,127,293 8,334,046
Other current assets 1,400 1,380 1,406
TOTAL CURRENT ASSETS 7,706,924 8,352,816 25,441
Deferred offering costs 291,773 27,117
Prepaid expenses - long-term portion 7,347,310 10,925,835
Security deposit - related party 2,000 1,971 2,008
Operating lease right-of-use assets, net - related party 50,901 59,413 17,799
Property and equipment, net 4,397
TOTAL ASSETS 15,111,532 19,631,808 72,365
CURRENT LIABILITIES:      
Accounts payable 957,483 1,249,596 1,213,335
Accrued expenses and other payables 860,463 1,486,550 792,190
Accrued interest 168,152 190,795 94,612
Notes payable, net of discount 543,312 204,694
Convertible notes, net of discounts and including put premiums 55,000 537,921 399,325
Operating lease liability - related party, current portion 21,604 17,664  
Warrant liability 288,635  
Embedded conversion option liabilities 32,128 403,892 133,886
Employee benefit liability 703,190 667,901 639,371
TOTAL CURRENT LIABILITIES 3,624,018 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 35,249 41,749  
TOTAL NON-CURRENT LIABILITIES 35,249 147,376 58,642
TOTAL LIABILITIES 3,659,267 5,725,616 3,851,424
Temporary Equity – Convertible Preferred Stock Series C - $0.01 par value, $10,000 stated value, 9,900 shares designated and authorized, 100 (liquidation value of $1,000,000) and none issued and outstanding at December 31, 2025 and June 30, 2025, respectively 1,000,000  
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 13,450 11,612 8
Common stock issuable (7,750 and 0 shares as of June 30, 2025 and 2024, respectively) 8 8
Additional paid-in capital 143,640,067 138,243,652 61,696,049
Accumulated other comprehensive income 1,328,115 1,318,917 1,269,581
Accumulated deficit (134,482,898) (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) $ 10,452,265 $ 13,906,192 $ (3,779,059)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) 15,111,532 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 50,901 59,413 17,799
CURRENT LIABILITIES:      
Loan payable 472,083 415,329 71,629
Operating lease liability - related party, current portion 21,604 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 35,249 41,749
Former Director [Member]      
CURRENT LIABILITIES:      
Loan payable   49,528
Due to former director - related party $ 29,759