v3.25.3
Production and Stage Equipment
12 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
Production and Stage Equipment

NOTE 3 — Production and Stage Equipment

 

Year-end production and stage equipment owned by the Company were as follows. The production and stage equipment were not placed into service during the year ended June 30, 2025.

 

      
Production equipment acquired  $1,021,399 
Less: Theft loss   (447,792)
Production equipment, net  $573,607 
Stage equipment acquired  $36,810 
Total Production and Stage equipment  $610,417 

 

On December 21, 2023, the Company became aware of the theft of $447,792 of production equipment from the temporary storage facility where the equipment was stored. The Company has filed a police report and is working with authorities to recover the stolen equipment.

 

The Company expects to commence the use of such assets in the quarter ended 30 June 2026 and once the assets are ready for use and in operations, the Production and Stage Equipment is expected to have an useful life between 5 to 10 years.