v3.25.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Revenue $ 0 $ 400 $ 0 $ 7,055
Operating expenses:        
Selling, general, and administrative expenses 92,573 99,392 164,082 167,774
Total operating expense: (92,573) (99,392) (164,082) (167,774)
Loss from operations: (92,573) (98,992) (164,082) (160,719)
Other income (expense):        
Gain on troubled debt restructure 0 0 0 3,371,441
Gain on extinguishment of preferred share obligations 0 0 0 136,481
Interest expense (81,979) (81,032) (163,304) (160,878)
Total other income (expense) (81,979) (81,032) (163,304) 3,347,044
Income (loss) before income taxes (174,552) (180,024) (327,386) 3,186,325
Provision for income tax 0 0 0 0
Net income (loss) $ (174,552) $ (180,024) $ (327,386) $ 3,186,325
Net Income (Loss) per share – basic and diluted (in dollars per share) $ (0) $ 0 $ (0) $ 0.01
Weighted average number of common shares outstanding (in shares) 246,135,391 246,135,391 246,135,391 246,135,391