Quarterly report [Sections 13 or 15(d)]

SUBSEQUENT EVENTS

v3.26.1
SUBSEQUENT EVENTS
9 Months Ended
Mar. 31, 2026
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 13 – SUBSEQUENT EVENTS

 

Shares issued for conversion of Series C Preferred stock

 

In April 2026, the Company issued an aggregate of 2,100,000 shares of its common stock as a result of the conversion of 50 shares of Series C Preferred stock during such period.

 

Shares issued for exercise of Series C Warrants

 

In April 2026, the Company received aggregate gross proceeds of $500,000 from the exercise of approximately 50 Series C Warrants with an exercise price of $10,000 per share and issued 50 shares of Series C preferred stock.

 

Shares issued for common stock issuable

 

In April 2026, the Company issued an aggregate of 33,000,000 shares of common stock for common stock issuable as of March 31, 2026 (see Note 8).

 

Extension agreement

 

On April 14, 2026, the Company entered into a promissory note extension agreement with GS Capital whereby the lender agreed to extend the maturity date from December 15, 2025 to July 15, 2026 of a certain note issued on April 15, 2025 for $55,000 (see Note 6).