v3.26.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
9 Months Ended
Mar. 31, 2026
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Schedule of activity for company's derivatives

Derivative liability at June 30, 2025

 

$7,805

 

Discount of convertible notes payable

 

 

263,586

 

Gain on change in fair value of derivative liability

 

 

(80,293

Derivative liability at March 31, 2026

 

$191,098

 

Schedule of weighted average shares

 

 

Nine Months Ended March 31, 2026

 

 

Nine Months Ended March 31, 2025

 

Convertible promissory notes

 

 

140,473,025

 

 

 

35,146,649

 

Convertible preferred stock

 

 

14,793

 

 

 

14,793

 

Common stock options

 

 

2,222

 

 

 

2,222

 

Warrants

 

 

5,112,426

 

 

 

5,112,426

 

Total potentially dilutive securities excluded

 

 

145,602,466

 

 

 

40,276,090

 

Schedule of basic and diluted loss per share

 

 

Three Months Ended

March 31, 2026

 

 

Three Months Ended

March 31, 2025

 

 

Nine Months Ended

March 31, 2026

 

 

Nine Months Ended

March 31, 2025

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$(587,844)

 

$(368,056)

 

$(1,538,406)

 

$(423,221)

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding — basic

 

 

463,483,598

 

 

 

270,959,767

 

 

 

428,579,491

 

 

 

252,219,024

 

Effect of dilutive securities

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding — diluted

 

 

463,483,598

 

 

 

270,959,767

 

 

 

428,579,491

 

 

 

252,219,024

 

Loss per common share — basic and diluted

 

$(0.00)

 

$(0.00)

 

$(0.00)

 

$(0.00)