v3.25.2
Note 11 - Subsequent Events
6 Months Ended
Dec. 31, 2024
Notes to Financial Statements  
Subsequent Events [Text Block]

NOTE 11 - SUBSEQUENT EVENTS

 

The Company entered into a promissory note for additional funding. The note bears interest at 8% per annum and is due 10 months after issuance. The proceeds of this promissory note shall be used solely for costs associated with bringing the Company’s filings current and resuming trading. The promissory note creates a lien on, and grant a first priority security interest in, all of the Company’s assets. The date and amount of the promissory note is as follows:

 

 

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February 13, 2025 $50,000

 

See Note 10 for loan defaults.