v3.25.1
INCOME TAXES (Tables)
9 Months Ended
Mar. 31, 2025
INCOME TAXES  
Schedule of components of income tax

 

 

For the Nine

Months Ended

 

 

For the Fiscal

Year Ended

 

 

 

31-Mar-25

 

 

30-Jun-24

 

 

 

 

 

 

 

 

Net losses before taxes

 

$

1,122,930

 

 

$

1,023,271

 

Adjustments to arrive at taxable income/loss

 

 

 

 

 

 

 

 

Permanent differences:

 

 

83,921

 

 

 

-

 

Temporary differences:

 

 

-

 

 

 

-

 

Taxable income (loss)

 

 

1,206,851

 

 

 

1,023,271

 

 

 

 

 

 

 

 

 

 

Current Year Taxable Income (loss)

 

 

1,206,851

 

 

 

1,023,271

 

NOL carried forward (tax return)

 

 

7,023,798

 

 

 

6,000,527

 

NOL carried forward at period end

 

 

8,230,649

 

 

 

7,023,798

 

 

 

 

 

 

 

 

 

 

Deferred Tax Asset - Federal Rate (21%)

 

$1,728,436

 

 

$1,474,998

 

Deferred Tax Asset - State Rate (5.5%)

 

 

452,686

 

 

 

294,243

 

 

 

 

2,181,122

 

 

 

1,769,241

 

Valuation Allowance

 

 

(2,181,122)

 

 

(1,769,241)

Deferred tax asset per books

 

 

-

 

 

 

-