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:
SCHEDULE OF LOSS BEFORE PROVISION FOR INCOME TAXES
| |
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 | ) |
|
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:
SCHEDULE OF PROVISION FOR FOREIGN INCOME TAXES
| |
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:
SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION STATUTORY RATE
| |
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:
SCHEDULE OF COMPONENTS OF DEFERRED TAX ASSETS
| |
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:
SCHEDULE OF UNRECOGNIZED TAX BENEFITS
| |
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 | |
|