Note 13 - Related-Party Transactions |
9 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Related Party Transactions [Abstract] | |
| Note 13 - Related-Party Transactions | Note 13 - Related-Party Transactions
Share Based Compensation
On January 22, 2026, the Company issued 45,000,000 shares of common stock to Mendel Holdings LLC as compensation for services rendered to the Company. Mendel Holdings LLC is controlled by our sole officer and director, Levi Jacobson. This compensation is for services rendered to the Company by Mr. Jacobson in addition to his role as sole officer and director. The shares were valued at the fair market value of $.19 per share, the trading price of the Company’s stock on the date the shares were issued (See Note 12 - Common Stock). In April 2026, these shares, along with 200,000,000 common shares previously issued to Mendel Holdings LLC, were returned to the Company’s treasury in connection with the restructuring and realignment of ownership and control interests associated with the issuance of 4,500,000 shares of Series A Preferred Stock to our CEO (see below and Note 14 – Subsequent Events).
On March 11, 2026, the Company issued 4,500,000 shares of Series A preferred stock to our CEO and sole director, Levi Jacobson, in connection with services rendered to the Company. The issuance was also made in connection with the restructuring and realignment of existing ownership and control interests within the Company. The shares were valued by a third-party entity which considered the return of 245,000,000 shares of common stock in its evaluation (See Note 12 - Preferred Stock).
Consulting Fees
During the period ended March 31, 2026, the Company paid $215,900 to Simple Simon Says LLC (“Consultant”) for consulting services. Simple Simon Says LLC is controlled by the father of the Company’s sole officer and director, Levi Jacobson. Pursuant to the consulting agreement, Consultant provided business development, strategic advisory, and consulting services to the Company. Consultant acted as an independent contractor and not as an employee or partner of the Company.
During the year ended June 30, 2025, the Company paid $15,000 to Simple Simon Says LLC (“Consultant”) for consulting services. Simple Simon Says LLC is controlled by the father of the Company’s sole officer and director, Levi Jacobson. Pursuant to the consulting agreement, Consultant provided business development, strategic advisory, and consulting services to the Company from May 1, 2025, through June 1, 2025. Consultant acted as an independent contractor and not as an employee or partner of the Company.
The engagement of Consultant, as a related party transaction, was approved by Levi Jacobson, the Company’s Chief Executive Officer and sole director.
Office Space
We utilize the home office space and equipment of our management at no cost.
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