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NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING AND REPORTING POLICIES (Tables)
6 Months Ended
Dec. 31, 2024
Accounting Policies [Abstract]  
SCHEDULE OF TRANSACTION EXCHANGE RATES

As of December 31, 2024 and June 30, 2024, 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, 2024   June 30, 2024 
Exchange rate on balance sheet dates          
USD : AUD exchange rate   0.6183    0.6693 
           
Average exchange rate for the period          
USD : AUD exchange rate   0.6594    0.6557 
           
SCHEDULE OF ACCUMULATED OTHER COMPREHENSIVE INCOME

The change in Accumulated Other Comprehensive Income by component during the six months ended December 31, 2024 was as follows:

 

   Foreign
Currency Items:
 
Balance, June 30, 2024  $1,269,581 
Unrealized foreign currency translation gain   222,287 
Ending balance, December 31, 2024  $1,491,868 
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, 2024   December 31, 2023 
   (Unaudited)   (Unaudited) 
Stock Options   -    - 
Stock Warrants with no designations   250    250 
Series A Warrants as if converted at alternate cashless exercise price   33,173    33,195 
Series B Warrants   -    - 
Series C Warrants as if converted at alternate cashless exercise price *   152,933    152,933 
Unvested restricted stock   -    - 
Convertible Debt   44,971    893 
Total   231,327    187,271 

 

*Only convertible ratably upon exercise of Series B Warrants