Commitments and Contingencies |
9 Months Ended |
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Mar. 31, 2026 | |
| Commitments and Contingencies Disclosure [Abstract] | |
| Commitments and Contingencies | Note 7 – Commitments and Contingencies
On December 1, 2023, the Company entered into a consulting agreement with Corby Marshall, the Company’s former President, Secretary, Chief Executive Officer and Chairman of the Board of Directors at the time, to restructure the compensation received by Mr. Marshall from the Company (the “Marshall Consulting Agreement”). Pursuant to the terms of the Marshall Consulting Agreement, Mr. Marshall received a flat fee of $500 monthly for his services rendered to the Company starting from December 1, 2023, and thereafter. The agreement was terminated on March 25, 2026, and Mr. Marshall has not received any compensation since July 1, 2025. Furthermore, Mr. Marshall resigned from all of the aforementioned positions on April 1, 2026.
On July 17, 2020, the Company entered into a Membership Agreement (See “Investment in HIE LLC” in Item 1. Description of Business and Note 3—Loan Payable due to Eagle—JV partner). Under the terms and conditions of the Membership Agreement, in the event of a loss of capital for HIE, the Company shall contribute to repay 33.3% of the Origination Loan and Additional Contribution and of any losses of HIE. HIE did not have operating activities during the fiscal year of 2026 and 2025, respectively.
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