v3.25.1
Related Party Transactions
 9 Months Ended
Mar. 31, 2024
Related Party Transactions [Abstract]  
Related Party Transactions

 

8. Related Party Transactions

 

During the three months and nine months ended March 31, 2024 and 2023, the Company received cash funding or expenses paid on behalf of the Company from related parties totaling $1,059,600 and $4,993,838; and $2,913,980 and $9,252,846, respectively. The expenses paid on their behalf primarily relate to operational expenditure and payroll. In most cases, promissory notes were created on a quarterly basis totaling the amounts referenced above. The remaining amounts are included within accounts payable – related parties for which the related parties expect repayment. The above-referenced expenses relate to three corporations that the Company has classified as related parties. These corporations are all owned and/or operated by an individual who has a familial relationship with the Company’s CEO.

   

As of March 31, 2024 and June 30, 2023 amounts included within accounts payable and accrued liabilities – related parties for related party expenses was $254,295 and 547,949, respectively.

 

The following is a summary of revenues recorded by the Companies to related parties with common ownership: 

                    
   Three Months Ended   Nine Months Ended 
   March 31,   March 31, 
   2024   2023   2024   2023 
Dalrada Health  $–   $1,336   $–   $75,335 
Dalrada Energy Services   5,165    11,379    10,207    40,871 
Ignite   –    –    140    – 
Prakat   –    15,000    15,000    20,000 
Bothof Brothers   519,664    156,173    1,614,458    782,442 
   $524,829   $183,888   $1,639,805   $918,648 

 

See Notes 6, 7, 9, 10, and 11 for additional related party transactions.