v3.26.1
SHORT TERM LOAN
9 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
SHORT TERM LOAN

NOTE 5 SHORT TERM LOAN

 

As of March 31, 2026 and June 30, 2025, short term loan principals both amounted to $580,000 and $530,000, respectively from unrelated third parties. Principal repayments for the nine months ended March 31, 2026 and 2025 are $- and $10,750, respectively. Interest paid to the short-term loan for the nine months ended March 31, 2026 and 2025 amounted to $3,832 and $55,941, respectively.

 

Short Term Loans

 

      As of March 31, 2026   As of June 30, 2025 
      Principal                   Principal             
      Balance               Total   Balance       Total     
      as of   Accrued           As of   as of   Accrued   as of   Annualized 
  Maturity  July 1,   Interest   New   Interest   March 31,   July 1,   Interest   June 30,   percentage 
Receiving Date  Date  2025   Liability   Loan   Paid   2026   2024   Liability   2025   Rate 
1/19/2023  1/18/2024  $300,000   $50,811   $-    -   $350,811   $300,000    45,766   $345,766    13%
2/25/2023  6/24/2023   100,000    45,973    -    -    145,973    100,000    16,223    116,223    24%
3/1/2023  8/31/2023   10,000    1,820    -    250    11,570    10,000    417    10,417    20%
3/1/2023  8/31/2023   50,000    9,097    -    1,250    57,847    50,000    2,083    52,083    20%
3/1/2023  9/30/2023   30,000    2,750    -    1,000    31,750    30,000    250    30,250    10%
3/1/2023  9/30/2023   40,000    3,666    -    1,332    42,334    40,000    333    40,333    10%
11/26/2025  11/25/2026   -    1,735    50,000    -    51,735    -    -    -    10%
                                                 
Total     $530,000   $115,852   $50,000   $3,832   $692,020   $530,000   $65,072   $595,072    -