Related Party |
9 Months Ended | |||
|---|---|---|---|---|
Mar. 31, 2025 | ||||
| Related Party [Abstract] | ||||
| RELATED PARTY |
Shareholders Loan
During the period ended December 31, 2022, the Company entered into a $211,750 loan with the Company’s CEO for the repayment of accrued salary expense. The loan bore interest of five percent (5%) and was to be repaid with monthly payments of $9,290, including interest and principal over a two-year period. As of March 31, 2025 and June 30, 2024, the principal balance remaining on the loan was $0 and $45,829, respectively and interest paid during the nine months ended March 31, 2025 and 2024 was $620 and $5,089, respectively.
Other Related Party Activity
See Note 7 for related party transactions with respect to TECO 2030 A.S.A. and Newco. |