| SHORT TERM LOAN |
NOTE 5 – SHORT TERM LOAN
As of December 31 , 2025 and June 30, 2025,
short term loan principals amounted to $580,000 and $530,000, respectively from unrelated third parties. There is a new loan of $50,000
on November 25, 2025. Principal repayments for the six months ended December 31, 2025 and 2024 are $- and $10,750, respectively. Interest
paid to the short term loan for the six months ended December 31, 2025 and 2024 amounted to $3,832 and $31,057, respectively.
Short Term Loans
| | | | | As of December 31, 2025 | | | As of June 30, 2025 | | | | | | | Principal | | | | | | | | | | | | | | | Principal | | | | | | | | | | | | | | | | Balance | | | | | | | | | | | | Total | | | Balance | | | | | | Total | | | | | | | | | | as of | | | Accrued | | | | | | | | | As of | | | as of | | | Accrued | | | as of | | | Annualized | | | Receiving | | Maturity | | July 1, | | | Interest | | | New | | | Interest | | | December 31, | | | July 1, | | | Interest | | | June 30, | | | percentage | | | Date | | Date | | 2025 | | | Liability | | | Loan | | | Paid | | | 2025 | | | 2024 | | | Liability | | | 2025 | | | Rate | | | 1/19/2023 | | 1/18/2024 | | $ | 300,000 | | | $ | 49,154 | | | $ | - | | | | - | | | $ | 349,154 | | | $ | 300,000 | | | | 45,766 | | | $ | 345,766 | | | | 13 | % | | 2/25/2023 | | 6/24/2023 | | | 100,000 | | | | 34,976 | | | | - | | | | - | | | | 134,976 | | | | 100,000 | | | | 16,223 | | | | 116,223 | | | | 24 | % | | 3/1/2023 | | 8/31/2023 | | | 10,000 | | | | 1,417 | | | | - | | | | 250 | | | | 11,167 | | | | 10,000 | | | | 417 | | | | 10,417 | | | | 20 | % | | 3/1/2023 | | 8/31/2023 | | | 50,000 | | | | 7,083 | | | | - | | | | 1,250 | | | | 55,833 | | | | 50,000 | | | | 2,083 | | | | 52,083 | | | | 20 | % | | 3/1/2023 | | 9/30/2023 | | | 30,000 | | | | 1,751 | | | | - | | | | 1,000 | | | | 30,751 | | | | 30,000 | | | | 250 | | | | 30,250 | | | | 10 | % | | 3/1/2023 | | 9/30/2023 | | | 40,000 | | | | 2,332 | | | | - | | | | 1,332 | | | | 41,000 | | | | 40,000 | | | | 333 | | | | 40,333 | | | | 10 | % | | 11/26/2025 | | 11/25/2026 | | | - | | | | 485 | | | | 50,000 | | | | - | | | | 50,485 | | | | - | | | | - | | | | - | | | | 10 | % | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total | | | | $ | 530,000 | | | $ | 97,198 | | | $ | 50,000 | | | $ | 3,832 | | | $ | 673,366 | | | $ | 530,000 | | | $ | 65,072 | | | $ | 595,072 | | | | - | |
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