v3.26.1
Accounts Payable and Accrued Liabilities – related party
9 Months Ended
Mar. 31, 2026
Payables and Accruals [Abstract]  
Accounts Payable and Accrued Liabilities – related party

Note 5 – Accounts Payable and Accrued Liabilities – related party

 

Following the maturity date of December 31, 2025, of the Existing Hall Note described in Note 4 - Promissory Loan Payable - related party, the Company cumulatively received an aggregated amount of $27,463 between January 1, 2026 to February 19, 2026 from Steve Hall, the note holder of the Existing Hall Note described in Note 4. Such amount is recorded at cost under Accounts Payable and Accrued Liabilities – related party.

 

On May 7, 2026, in consideration for forgiving the interest described in Note 4, Steve Hall entered into a Share Subscription Agreement with the Company. The subscription proceeds are to be settled by offsetting the outstanding payable amount of $27,463. For further details, please refer to Note 9 - Subsequent Events - Accounts Payable and Accrued Liabilities—Related Parties.