v3.26.1
Condensed Consolidated Balance Sheets
Mar. 31, 2026
USD ($)
Jun. 30, 2025
USD ($)
Jun. 30, 2024
USD ($)
CURRENT ASSETS:      
Cash $ 443,702 $ 12,088 $ 21,085
GST tax receivable 11,057 5,302 2,950
Prepaid expenses - current portion 7,733,625 8,334,046
Other current assets 35,104 1,380 1,406
TOTAL CURRENT ASSETS 8,223,488 8,352,816 25,441
Deferred offering costs 291,773 27,117
Prepaid expenses - long-term portion 6,057,422 10,925,835
Security deposit - related party 2,065 1,971 2,008
Operating lease right-of-use assets, net - related party 46,584 59,413 17,799
Property and equipment, net 4,221
TOTAL ASSETS 14,333,780 19,631,808 72,365
CURRENT LIABILITIES:      
Accounts payable 973,692 1,249,596 1,213,335
Accrued expenses and other payables 942,376 1,486,550 792,190
Accrued interest 123,181 190,795 94,612
Notes payable, net of discount 543,312 204,694
Convertible notes, net of discounts and including put premiums 55,000 537,921 399,325
Operating lease liability - related party, current portion 23,324 17,664  
Embedded conversion option liabilities   403,892 133,886
Warrant liability 104,313  
Embedded conversion option liabilities 50,273 403,892 133,886
Employee benefit liability 738,187 667,901 639,371
TOTAL CURRENT LIABILITIES 3,475,628 5,578,240 3,792,782
NON-CURRENT LIABILITIES:      
Loan payable - long-term - related party, net of discount 105,627 58,642
Operating lease liability - long-term portion - related party 30,267 41,749  
TOTAL NON-CURRENT LIABILITIES 30,267 147,376 58,642
TOTAL LIABILITIES 3,505,895 5,725,616 3,851,424
Temporary Equity – Convertible Preferred Stock Series C - $0.01 par value, $10,000 stated value, 9,900 shares designated and authorized, 100 (liquidation value of $1,000,000) and none issued and outstanding at March 31, 2026 and June 30, 2025, respectively 1,000,000  
Commitments and Contingencies (See Note 9)
STOCKHOLDERS’ EQUITY (DEFICIT):      
Common stock, value 874 464
Common stock issuable 1,320
Additional paid-in capital 149,480,636 138,254,808 61,696,057
Accumulated other comprehensive income 1,234,766 1,318,917 1,269,581
Accumulated deficit (140,843,234) (125,621,520) (66,698,220)
Treasury stock ($0.001 share) (46,477) (46,477) (46,477)
TOTAL STOCKHOLDERS’ EQUITY (DEFICIT) 9,827,885 13,906,192 (3,779,059)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) 14,333,780 19,631,808 72,365
Series A Preferred Stock [Member]      
STOCKHOLDERS’ EQUITY (DEFICIT):      
Preferred stock, value  
Series B Preferred Stock [Member]      
STOCKHOLDERS’ EQUITY (DEFICIT):      
Preferred stock, value
Nonrelated Party [Member]      
CURRENT LIABILITIES:      
Loan payable 65,280 145,091
Related Party [Member]      
CURRENT ASSETS:      
Operating lease right-of-use assets, net - related party   59,413 17,799
CURRENT LIABILITIES:      
Loan payable 465,282 415,329 71,629
Operating lease liability - related party, current portion   17,664 19,362
NON-CURRENT LIABILITIES:      
Loan payable - long-term - related party, net of discount 0 105,627 58,642
Operating lease liability - long-term portion - related party   41,749
Former Director [Member]      
CURRENT LIABILITIES:      
Loan payable   49,528
Due to former director - related party $ 29,759