Note 10 - Shareholder Equity |
12 Months Ended |
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Jun. 30, 2025 | |
| Equity [Abstract] | |
| Note 10 - Shareholder Equity | Note 10 - Shareholder Equity
Preferred Stock
The authorized preferred stock of the Company consists of shares with a par value of $. There were no shares issued and outstanding as of June 30, 2025, and June 30, 2024.
Common Stock
The authorized common stock of the Company consists of shares with a par value of $. There were and shares of common stock issued and outstanding as of June 30, 2025 and June 30, 2024, respectively.
On or about April 10, 2025, the Company issued shares of restricted common stock at a value of $per share, for total non-cash consideration of $15,000, to Root Ventures LLC in exchange for investor relations and related services. The shares were issued as a consulting fee.
The issuance was made to an accredited investor in reliance on an exemption from registration under Section 4(a)(2) of the Securities Act and Rule 506(b) of Regulation D promulgated thereunder. The shares were issued for bona fide services and not for fundraising purposes.
During the year ended June 30, 2025, the Company sold an aggregate of shares of common stock to eight investors pursuant to its qualified Regulation A+ Tier II offering, for total proceeds of $168,000. In addition, the Company issued a total of 2,500,000 shares of restricted common stock to two accredited investors in private placement transactions exempt from registration under Section 4(a)(2) of the Securities Act of 1933, as amended, and Rule 506 of Regulation D promulgated thereunder, for aggregate proceeds of $55,000. Of these, 1,000,000 shares were sold at a purchase price of $0.04 per share for proceeds of $40,000, and 1,500,000 shares were sold at a purchase price of $0.01 per share for proceeds of $15,000. The restricted shares are subject to transfer restrictions and bear appropriate restrictive legends.
Shares payable
During the year ended June 30, 2025, the Company received funds totaling $ from a prospective shareholder. As of June 30, 2025, the subscribed shares had not yet been issued.
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