Related Party Transactions (Details Narrative) |
1 Months Ended | 12 Months Ended | |||||
---|---|---|---|---|---|---|---|
Jun. 13, 2024
USD ($)
|
Apr. 01, 2024
USD ($)
|
Nov. 15, 2023
$ / shares
shares
|
Jun. 30, 2022
USD ($)
|
Jun. 30, 2024
USD ($)
ft²
|
Jun. 30, 2023
USD ($)
|
Jan. 18, 2024
$ / shares
|
|
Common stock per share | $ / shares | $ 19.94 | ||||||
Accrued expenses | $ 736,407 | $ 2,439,794 | |||||
Advance from related party | 100,000 | $ 0 | |||||
Loan amount | $ 1,500,000 | ||||||
Interest rate | 8.50% | ||||||
Additional PIK | 3.50% | ||||||
Stock Purchase Agreement [Member] | |||||||
Purchase price for the stock | $ 6,000,000 | 6,000,000 | |||||
Mr. Marshall [Member] | |||||||
Principal amount used | $ 1,000,000 | ||||||
Principal outstanding amounts | 500,000 | ||||||
Description of amendment to the promissory note | the Company executed an amendment to the promissory note with Mr. Marshall, providing for the payment of interest only for 18 months at an interest rate of 12% per annum and thereafter, the amortization of the note over a 12-month period, starting in June of 2025 | ||||||
Common stock share purchase | shares | 18,750 | ||||||
Common stock per share | $ / shares | $ 22.00 | ||||||
Accrued interest | 169,662 | ||||||
MFA 2510 Merchant LLC [Member] | Lease Agreement [Member] | |||||||
Leasehold improvements expenses | $ 611,768 | ||||||
Accrued expenses | 100,004 | ||||||
Lease rent, per month | $ 20,060 | ||||||
Lease term | 5 years | ||||||
Warehouse and office space | ft² | 10,000 |