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

STOCKHOLDERS’ EQUITY (Tables)

v3.26.3
STOCKHOLDERS’ EQUITY (Tables)
12 Months Ended
Jun. 30, 2026
Equity [Abstract]  
SCHEDULE OF KEY INPUTS WARRANT LIABILITY

The key inputs for the warrant liability were as follows as of initial valuation on November 4, 2025:

 

Key Valuation Inputs      
Expected term (years)     2.00  
Annualized volatility     92.27 %
Risk-free interest rate     3.58 %
Series C Convertible Preferred Stock per Share Value   $ 1,177.54  
Dividend yield     0.00 %
Exercise price   $ 10,000.00  

 

The key inputs for the warrant liability were as follows as of May 5, 2026 (date of reclassification of warrant liability into equity):

 

Key Valuation Inputs      
Expected term (years)     1.50  
Annualized volatility     115.07 %
Risk-free interest rate     3.85 %
Series C Convertible Preferred Stock per Share Value   $ 1,073.46  
Dividend yield     0.00 %
Exercise price   $ 10,000.00  
SUMMARY OF WARRANT ACTIVITY

The following table summarizes common stock warrant activity for the years ended June 30, 2026 and 2025:

 

          Weighted  
    Number of     Average  
    Warrants     Price Per Share  
Outstanding at June 30, 2024     10     $ 31.00  
Granted     -       -  
Exercised     -       -  
Cancelled*     -       -  
Expired     -       -  
Outstanding at June 30, 2025     10     $ 31.00  
Granted – Common stock warrants     1,200       100.00  
Granted – Series C preferred stock warrants     9,900       10,000.00  
Exercised – Series C preferred stock warrants     (300 )     10,000.00  
Cancelled     -       -  
Expired     -       -  
Outstanding at June 30, 2026     10,810     $ 8,905.64  
                 
Exercisable at June 30, 2026     10,810     $ 8,905.64  
Outstanding and Exercisable:                
                 
Weighted average remaining contractual term     1.66          
Aggregate intrinsic value   $ -          

 

* On March 3, 2025, the Company cancelled all the existing warrants (de minimis number of shares of Series A warrants, Series B warrants, and Series C warrants) held by an investor pursuant to a Warrant Exchange Agreement (see above).