Note 8 - Intangible Asset - Cryptocurrency |
9 Months Ended | |||||||||||||||||||||||||
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Mar. 31, 2026 | ||||||||||||||||||||||||||
| Goodwill and Intangible Assets Disclosure [Abstract] | ||||||||||||||||||||||||||
| Note 8 - Intangible Asset - Cryptocurrency | Note 8 - Intangible Asset - Cryptocurrency
The Company has holdings of cryptocurrency as a long-term reserve and investment. During the period ended March 31, 2026, the Company purchased cryptocurrency totaling $1,933,265 and sold cryptocurrency which resulted in a loss of $12,729 (see below).
During the fiscal year ended June 30, 2025, the Company purchased Cardano (ADA) tokens as a long-term reserve and investment. At the time of purchase, management believed ADA represented a viable long-term blockchain asset with potential for growth and ecosystem development. However, during the period ended September 30, 2025, management made the decision to fully divest its ADA token holdings. The Company realized an approximate loss of $12,666 with the sale of these assets. This was recognized as an impairment expense in the financial reports for the 2025 fiscal year end filing at the approximated amount of $12,668.
The following table shows the cryptocurrency activity for the nine months ended, March 31, 2026:
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