Note 9 - Leases |
6 Months Ended | |||||||||||||||||||||||||
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Dec. 31, 2025 | ||||||||||||||||||||||||||
| Notes | ||||||||||||||||||||||||||
| Note 9 - Leases | Note 9 – Leases
The Company has an operating lease agreement with a term of 3 years.
On June 13, 2025, the Company entered into a month-to-month operating lease that commenced on the same date with EMC2 Capital, a related party. The lease renews automatically on a month-to-month basis and provides for a fixed monthly rental payment of $500. In accordance with ASC 842, Leases, this arrangement is accounted for as a short-term lease. Management has determined that this lease is not material to the Company’s financial position, results of operations, or cash flows.
The Company’s weighted-average remaining lease term relating to its operating leases is 0.75 years, with a weighted-average discount rate of 12%.
The following table presents information about the amount and timing of liabilities arising from the Company’s operating leases as of December 31, 2025:
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