v3.25.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 9 Months Ended
Mar. 31, 2025
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Schedule of segment information

Segmented Information- Statements of Operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2025

 

Holding Segment

 

 

Mining Segment

 

 

Hosting Segment

 

 

Software Services Segment

 

 

Total

 

Revenue and other income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mining revenue

 

$-

 

 

$932

 

 

$-

 

 

$-

 

 

$932

 

Hosting revenue

 

 

-

 

 

 

-

 

 

 

8,315

 

 

 

-

 

 

 

8,315

 

Intersegment sales revenue

 

 

-

 

 

 

-

 

 

 

(1,021

) 

 

 

-

 

 

 

(1,021

) 

 

 

 

-

 

 

 

932

 

 

 

7,294

 

 

 

-

 

 

 

8,226

 

Expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales

 

$-

 

 

$1,021

 

 

$11,866

 

 

$-

 

 

$12,887

 

Transfer agent and filing fees

 

 

31,054

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

31,054

 

Professional fees

 

 

66,453

 

 

 

3,000

 

 

 

-

 

 

 

-

 

 

 

69,453

 

Management and Consulting fees

 

 

461,253

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

461,253

 

Share based compensation

 

 

203,995

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

203,995

 

Administration fees

 

 

219,112

 

 

 

8,123

 

 

 

3,014

 

 

 

-

 

 

 

230,249

 

Interest expense

 

 

36,044

 

 

 

-

 

 

 

3,321

 

 

 

-

 

 

 

39,365

 

Gain (loss) on derivative liabilities

 

 

83,921

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

83,921

 

Inter-segment expenses

 

 

-

 

 

 

(1,021)

 

 

-

 

 

 

-

 

 

 

(1,021)

Net income (loss) before income taxes

 

$1,101,832

 

 

$(10,191)

 

$(10,907)

 

$-

 

 

$(1,122,930)

Segmented Information- Balance Sheets

 

 

 

 

 

 

 

 

 

 

 

 

2025

 

Holding Segment

 

 

Mining Segment

 

 

Hosting Segment

 

 

Software Services Segment

 

 

Total

 

Total assets

 

$1,000,215

 

 

$89,998

 

 

$768,462

 

 

$210,000

 

 

$2,068,676

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less: intersegment eliminations

 

 

(886,569)

 

 

(55,664)

 

 

(98,279)

 

 

-

 

 

 

(1,040,512)

Net assets

 

$113,646

 

 

$34,334

 

 

$670,183

 

 

$210,000

 

 

$1,028,163

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total liabilities by segment:

 

$1,299,315

 

 

$655,293

 

 

$778,347

 

 

$210,000

 

 

$2,942,955

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-

 

Less: intersegment eliminations

 

 

(153,943)

 

 

(533,500)

 

 

(143,069)

 

 

(210,000)

 

 

(1,040,512)

Total liabilities

 

$1,145,372

 

 

$121,793

 

 

$635,278

 

 

$-

 

 

$1,902,443

 
Schedule of fair value of financial instruments

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Bitcoin held

 

$932

 

 

$-

 

 

$-

 

 

$932

 

 

 

$932

 

 

$-

 

 

$-

 

 

$932

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative liability

 

$-

 

 

 

-

 

 

 

83,921

 

 

 

-

 

Note payable (related parties)

 

 

-

 

 

 

-

 

 

 

740,046

 

 

 

740,046

 

Note Payable (unrelated parties)

 

 

-

 

 

 

-

 

 

 

396,447

 

 

 

396,447

 

 

 

$-

 

 

 

-

 

 

$

1,136,493

 

 

$

1,136,493

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements as of June 30, 2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative Liability

 

$-

 

 

$-

 

 

$-

 

 

$-

 

Note Payable (related parties)

 

 

-

 

 

 

-

 

 

 

357,500

 

 

 

357,500

 

Note Payable (unrelated parties)

 

 

-

 

 

 

-

 

 

 

134,375

 

 

 

134,375

 

 

 

$-

 

 

$-

 

 

$491,875

 

 

$491,875

 
Schedule of disaggregation of revenue

 

 

For period ended

 

Revenue Type

 

March 31, 2025

 

 

June 30, 2024

 

 

 

 

 

 

 

 

Mining Revenue

 

$932

 

 

$-

 

Hosting Revenue

 

 

7,294

 

 

 

-

 

Total Revenue

 

$8,226

 

 

$-