BUSINESS AND ORGANIZATION (Details Narrative) - USD ($) |
1 Months Ended | 12 Months Ended | ||
---|---|---|---|---|
Nov. 14, 2024 |
Jun. 30, 2022 |
Jun. 30, 2025 |
Jun. 30, 2024 |
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Net loss | $ 2,380,000 | $ 11,691,115 | ||
Non-cash compensation expenses related to extension of warrants and options | 844,000 | |||
Non-cash expenses | 9,460,425 | |||
Shareholders' equity | 5,808,501 | |||
Convertible notes payable | 423,053 | |||
Interest rate | 25.00% | |||
Newly Formed LLC [Member] | ||||
Convertible notes payable | $ 500,000 | |||
Interest rate | 7.50% | |||
Aggregate sum advance | $ 407,384 | |||
Minimum [Member] | ||||
Capital required for capital adequacy | 3,000,000 | |||
Maximum [Member] | ||||
Capital required for capital adequacy | $ 10,000,000 |
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- References No definition available.
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- Definition Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of minimum total risk-based capital required for capital adequacy as defined by regulatory framework. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Including the current and noncurrent portions, carrying amount of debt identified as being convertible into another form of financial instrument (typically the entity's common stock) as of the balance sheet date, which originally required full repayment more than twelve months after issuance or greater than the normal operating cycle of the company. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Including the current and noncurrent portions, carrying value as of the balance sheet date of a written promise to pay a note, initially due after one year or beyond the operating cycle if longer, which can be exchanged for a specified amount of one or more securities (typically common stock), at the option of the issuer or the holder. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The average effective interest rate during the reporting period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition This element represents movements included in the statement of changes in stockholders' equity which are not separately disclosed or provided for elsewhere in the taxonomy. No definition available.
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