v3.25.2
PROVISION FOR INCOME TAXES (Tables)
12 Months Ended
Jun. 30, 2025
Income Tax Disclosure [Abstract]  
SCHEDULE OF LOSS BEFORE PROVISION FOR INCOME TAXES

The components of loss before provision for income taxes for the years ended June 30, 2025 and 2024 were as follows:

 

   2025   2024 
   For the Years ended June 30, 
   2025   2024 
         
Loss subject to domestic income taxes  $(2,197,907)  $(4,195,185)
Loss subject to foreign income taxes   (354,744)   (2,199,110)
Total loss  $(2,552,651)  $(6,394,295)
SCHEDULE OF PROVISION FOR FOREIGN INCOME TAXES

The Company recorded provision for foreign income taxes for the years ended June 30, 2025 and 2024 consists of the following:

 

   2025   2024 
   For the Years ended June 30, 
   2025   2024 
         
Current  $-   $38,588 
Deferred   -    (38,588)
Total provision for income taxes  $-   $- 
SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION STATUTORY RATE

The reconciliation of taxes at the U.S. federal statutory rate to our provision for income taxes for the years ended June 30, 2025 and 2024 were as follows:

 

   For the Years Ended June 30, 
   2025   2024 
         
Statutory Federal Income Tax Rate   -21.00%   -21.00%
State and Local Taxes, Net of Federal Tax Benefit   -2.34%   -10.15%
Stock Based Compensation Expense (ISO)   5.52%   3.46%
Foreign tax rate differential   -4.00%   -4.00%
GAAP to Statutory rate   3.47%   13.76%
Change in Valuation Allowance   18.35%   17.93%
Income Taxes Provision   0.00%   0.00%
SCHEDULE OF COMPONENTS OF DEFERRED TAX ASSETS

The Company had deferred tax assets as of June 30, 2025 and 2024 as follows:

 

   As of June 30,   As of June 30, 
   2025   2024 
         
Net operating loss carryforward  $8,189,759   $9,347,624 
Goodwill and intangible asset   3,467,304    2,949,790 
Stock-based compensation   369,595    306,274 
Other   583,433    1,610,589 
Total Deferred Tax Assets   12,610,091    14,214,277 
Valuation allowance   (12,610,091)   (14,175,689)
Deferred Tax Asset, Net  $-   $38,588 
SCHEDULE OF UNRECOGNIZED TAX BENEFITS

The following table summarizes the activity related to unrecognized tax benefits for the years ended June 30, 2025 and 2024:

 

   2025   2024 
   For the Years ended June 30, 
   2025   2024 
         
Unrecognized tax benefit - beginning of year  $38,588   $- 
Gross increases - prior year tax positions   -    - 
Gross decreases - prior year tax positions   (38,588)   - 
Gross increases - current year tax positions   -    38,588 
Gross decreases - current year tax positions   -    - 
Statute lapse   -    - 
Total provision for income taxes  $-   $38,588