v3.26.1
Acquisitions and Unaudited Pro-Forma Financial Information (Tables)
 9 Months Ended
Mar. 31, 2026
Business Combination [Line Items]  
Schedule of Goodwill

 

Balance - June 30, 2024  $897,542 
Acquisition of SWC   3,714,027 
Acquisition of Skytech   790,150 
Impairment charge - FHVH   (897,542)
Balance - June 30, 2025   4,504,177 
Acquisition of Victorville   46,985,000 
Acquisition of Rancho Mirage   44,197,000 
Balance - March 31, 2026  $95,686,177 
Victorville Treasure Holdings LLC [Member]  
Business Combination [Line Items]  
Schedule of Estimated Fair Value of Assets Acquired and Liabilities

The following table summarizes the preliminary estimate of the fair value of the identifiable assets acquired and liabilities assumed as of the acquisition date. Amounts have been rounded for purposes of the preliminary purchase price allocation (“PPA”). The estimated fair values were derived from an independent third-party valuation report, as follows:

 

Consideration     
Series C - convertible preferred stock - 216,667 shares  $39,000,000 
Series C - contingent consideration - 41,667 shares   7,125,000 
Fair value of consideration transferred  $46,125,000 
      
Recognized amounts of identifiable assets acquired and liabilities assumed:     
      
Cash   301,000 
Accounts receivable   73,000 
Prepaids and other   165,000 
Inventory   40,000 
Land   750,000 
Property and equipment - net   9,250,000 
Total assets acquired   10,579,000 
      
Accounts payable and accrued expenses   1,943,000 
Notes payable   3,224,000 
Mortgage note payable   9,492,000 
Total liabilities assumed   14,659,000 
      
Total identifiable net liabilities assumed   (4,080,000)
      
Allocation required for identifiable intangible assets and goodwill   50,205,000 
      
Intangible asset (liquor license)   20,000 
Intangible asset (franchise agreement)   3,200,000 
Total identifiable intangible assets   3,220,000 
      
Goodwill (including assembled workforce)  $46,985,000 
Schedule of Supplemental Proforma Information

 

   Nine Months Ended   Nine Months Ended 
   March 31, 2026   March 31, 2025 
         
Revenues - net  $3,870,594   $2,920,611 
           
Net loss  $(15,202,926)  $(5,481,740)
           
Loss per share - basic  $(0.08)  $(0.04)
           
Loss per share - diluted  $(0.08)  $(0.04)
           
Weighted average number of shares - basic   193,095,368    128,945,181 
           
Weighted average number of shares - diluted   193,095,368    128,945,181 
Ranch Mirage Hilton LLC [Member]  
Business Combination [Line Items]  
Schedule of Estimated Fair Value of Assets Acquired and Liabilities

The following table summarizes the preliminary estimate of the fair value of the identifiable assets acquired and liabilities assumed as of the acquisition date. Amounts have been rounded for purposes of the preliminary purchase price allocation (“PPA”). The estimated fair values were derived from an independent third-party valuation report, as follows:

 

Consideration     
Series C - convertible preferred stock - 176,167 shares  $42,280,000 
Series C - contingent consideration - 20,000 shares   4,800,000 
Fair value of consideration transferred  $47,080,000 
      
Recognized amounts of identifiable assets acquired and liabilities assumed:     
      
Cash   968,000 
Accounts receivable   11,000 
Prepaids and other   7,000 
Inventory   7,000 
Land   2,800,000 
Property and equipment - net   12,000,000 
Total assets acquired   15,793,000 
      
Accounts payable and accrued expenses   2,386,000 
Accounts payable and accrued expenses - related party   240,000 
Deferred revenue/customer deposits   12,000 
Notes payable   1,700,000 
Mortgage note payable   9,992,000 
Total liabilities assumed   14,330,000 
      
Total identifiable net assets assumed   1,463,000 
      
Allocation required for identifiable intangible assets and goodwill   45,617,000 
      
Intangible asset (liquor license)   20,000 
Intangible asset (franchise agreement)   1,400,000 
Total identifiable intangible assets   1,420,000 
      
Goodwill (including assembled workforce)  $44,197,000 
Schedule of Supplemental Proforma Information

 

   Nine Months Ended   Nine Months Ended 
   March 31, 2026   March 31, 2025 
         
Revenues - net  $5,257,592   $3,254,026 
           
Net loss  $(10,916,737)  $(3,787,282)
           
Loss per share - basic  $(0.06)  $(0.03)
           
Loss per share - diluted  $(0.06)  $(0.03)
           
Weighted average number of shares - basic   193,095,368    128,945,181 
           
Weighted average number of shares - diluted   193,095,368    128,945,181