v3.25.4
Income Taxes (Tables)
12 Months Ended
Jun. 30, 2025
Income Tax Disclosure [Abstract]  
Schedule of Deferred Tax Assets and Liabilities

 

   June 30, 2025   June 30, 2024 
Deferred Tax Assets          
Bad debt  $56,000   $- 
Amortization of debt discount   93,000    - 
Share based payments   453,000    - 
Change in fair value of derivative liabilities   53,000    - 
Net operating loss carryforward   6,686,000    5,825,000 
Total deferred tax assets   7,341,000    5,825,000 
           
Deferred Tax Liabilities          
Intangibles   (284,000)   - 
Total deferred tax liabilities   (284,000)   - 
           
Deferred Tax Assets - net   7,057,000    5,825,000 
Less: valuation allowance   (7,057,000)   (5,825,000)
Deferred tax asset - net  $-   $- 

Schedule of Components of the Income Tax Benefit

 

   June 30, 2025   June 30, 2024 
Current  $-   $- 
Deferred   -    - 
Total income tax provision (benefit)   -    - 
Less: valuation allowance   -    - 
 Total  $-   $- 
Schedule of Reconciliation of Provision for Income Tax

 

   June 30, 2025   June 30, 2024 
Federal income tax benefit - 21%   21.00%    21.00% 
State income taxes (net of federal benefit)   6.98%    6.50% 
Perm Differences   -32.89%    -20.60% 
Valuation Allowance   4.91%    -6.90% 
Change in valuation allowance   0.00%    0.00% 
Schedule of Operating Loss Carry Forwards

Federal net operating loss carry forwards at June 30, 2025 and 2024 were approximately as follows:

 

June 30, 2025   June 30, 2024 
      
$       29,665,000   $26,590,000