| Prepaid Expense and Other Current Assets |
Note 7. Prepaid Expense and Other Current Assets Prepaid and other receivables consist of the following: | | March 31, 2025 | | | June 30, 2024 | | Insurance | | $ | 71,760 | | | $ | 116,074 | | Prepayment to vendors | | | 104,622 | | | | 203,556 | | Deposits on services | | | 10,000 | | | | 25,550 | | Prepaid monthly rent | | | - | | | | 60,041 | | Subscriptions and services being amortized over the service period | | | 39,750 | | | | 32,500 | | Stock issued for prepaid interest on convertible note payable | | | | | | | 64,320 | | Other receivables | | | 6,196 | | | | 147 | | | | | | | | | | | Total | | $ | 232,238 | | | $ | 502,188 | |
All prepaid expenses are expected to be expensed during the following 12 months from the reporting date.
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Note 7. Prepaid Expense and Other Current Assets Prepaid and other receivables consist of the following: | | June 30, 2024 | | | June 30, 2023 | | Insurance | | $ | 116,074 | | | $ | 187,949 | | Prepayment to vendors | | | 203,556 | | | | 138,653 | | Deposits on services | | | 25,550 | | | | 45,678 | | Prepaid monthly rent | | | 60,041 | | | | 27,813 | | Subscriptions and services being amortized over the service period | | | 32,500 | | | | - | | Other deposits | | | - | | | | 70,826 | | Stock issued for prepaid interest on convertible note payable | | | 64,320 | | | | 465,595 | | Other prepaid expenses | | | - | | | | 31,000 | | Other receivables | | | 148 | | | | 144,765 | | | | | | | | | | | Total | | $ | 502,188 | | | $ | 1,112,280 | |
All prepaid expenses will be expensed during the following 12 months.
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