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10-K true 2026-06-30 false 000-56332 Hawkeye Digital, Inc. NV 83-0799093 350 Lincoln Road 2nd Floor Miami Beach FL 33139 800 576-4953 Common Stock, $0.0001 par value No No Yes Yes Non-accelerated Filer true false false false 185894 266052926 Risk Management and Strategy <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_907_ecyd--CybersecurityRiskManagementProcessesIntegratedTextBlock_c20250701__20260630_zHAMuNI8Ntjj">Our cybersecurity program is designed to detect cybersecurity threats and vulnerabilities, protect our information systems from such threats, and ensure the confidentiality, <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_903_ecyd--CybersecurityRiskManagementProcessesIntegratedFlag_dbT_c20250701__20260630_z1iVvCq1Ti">integrity, and availability of systems and information used, owned or managed by us. Our focus is on protecting sensitive information, such as the personal information of our officers, service providers and consultants, and confidential business information that could be leveraged by a competitor or a malicious actor. We do not maintain a separate formal enterprise risk management function. Given our current size and organizational structure, our cybersecurity risk management processes form part of management’s broader assessment of operational, financial reporting, legal, regulatory and third-party risks. Cybersecurity matters identified through these processes are evaluated by management and, when warranted based on their potential significance, are escalated to the Board of Directors. Our cybersecurity program has several components, including the adoption of information security protocols, standards, and guidelines consistent with best industry practices; and reliance on the security controls maintained by the third-party providers that host our electronic mail, accounting and filing systems. We did not engage a <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_90A_ecyd--CybersecurityRiskManagementThirdPartyEngagedFlag_dbF_c20250701__20260630_zYmnYQCBMlJ8">third-party to conduct security assessment or penetration test, and did not perform internal audit of our cybersecurity protocols, during the year ended June 30, 2026. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_903_ecyd--CybersecurityRiskThirdPartyOversightAndIdentificationProcessesFlag_dbT_c20250701__20260630_z1gcMqnFjxwh">We employ a risk-based process designed to manage cybersecurity risks presented by third-party vendors that may have access to our sensitive information and/or information technology (“IT”) systems. This process may consider the nature of the services provided, the sensitivity and quantity of information processed, the criticality of any potentially impacted IT systems, and/or the strength of the vendor’s cybersecurity practices. We monitor potential cybersecurity risks through tracking. These key risks are characterized by various factors such as the likelihood of us experiencing a particular type of cybersecurity incident, the speed at which each type of cybersecurity incident could impact us, and management’s assessment of our ability to respond quickly and efficiently. An incident response plan aligned with best practices guidelines governs our response to cybersecurity incidents. The incident response plan outlines how we can detect, analyze, contain, eradicate, recover, and perform post-incident activities in the event of a cybersecurity incident. It also contains an internal, risk-based escalation framework designed to ensure that all relevant individuals are promptly informed of any cybersecurity incident and dictates procedures for determining whether a cybersecurity incident is material without unreasonable delay. Material Effects from Risks of Cybersecurity Threats <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_90B_ecyd--CybersecurityRiskMateriallyAffectedOrReasonablyLikelyToMateriallyAffectRegistrantTextBlock_c20250701__20260630_zPM8QNU7g7t5">While we may experience minor data and cybersecurity incidents from time to time, to our knowledge, the risks posed by cybersecurity threats <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_906_ecyd--CybersecurityRiskMateriallyAffectedOrReasonablyLikelyToMateriallyAffectRegistrantFlag_dbF_c20250701__20260630_zk5HK6lURbD">have not materially affected and are not reasonably likely to materially affect our business strategy, results of operations or financial condition. However, there can be no assurance that we will not be materially affected by such risks in the future. A successful cybersecurity attack may expose us to misuse of information or systems, the compromising of confidential information, manipulation or destruction of data, production downtimes, and operations disruptions. Our cybersecurity program is designed to detect cybersecurity threats and vulnerabilities, protect our information systems from such threats, and ensure the confidentiality, <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_903_ecyd--CybersecurityRiskManagementProcessesIntegratedFlag_dbT_c20250701__20260630_z1iVvCq1Ti">integrity, and availability of systems and information used, owned or managed by us. true false true While we may experience minor data and cybersecurity incidents from time to time, to our knowledge, the risks posed by cybersecurity threats <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_906_ecyd--CybersecurityRiskMateriallyAffectedOrReasonablyLikelyToMateriallyAffectRegistrantFlag_dbF_c20250701__20260630_zk5HK6lURbD">have not materially affected and are not reasonably likely to materially affect our business strategy, results of operations or financial condition. false Governance – Role of Management <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_900_ecyd--CybersecurityRiskBoardCommitteeOrSubcommitteeResponsibleForOversightTextBlock_c20250701__20260630_zldob8vmv7W1">One of the key functions of our executive officers is to inform oversight of our risk management process, which includes risks from cybersecurity threats. Our executive officers monitor and assess strategic risk exposure, and manage the material risks we face. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_905_ecyd--CybersecurityRiskManagementPositionsOrCommitteesResponsibleTextBlock_c20250701__20260630_zN7RG9I2rLG5">Our President, who serves as our <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_907_ecyd--CybersecurityRiskManagementPositionsOrCommitteesResponsibleFlag_dbT_c20250701__20260630_z17w8U4BDLgc">Principal Executive Officer, works to manage our cybersecurity policies and processes. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_90C_ecyd--CybersecurityRiskProcessForInformingBoardCommitteeOrSubcommitteeResponsibleForOversightTextBlock_c20250701__20260630_zRlFJcAxJzS7">He is responsible for managing how we identify, address, prevent and resolve cybersecurity issues and related matters. He is also responsible for tracking how we prevent, identify, lessen, and address cybersecurity issues. This is done through regular checks of our systems, tests to identify security weaknesses, and maintaining an incident response plan. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_90A_ecyd--CybersecurityRiskManagementExpertiseOfManagementResponsibleTextBlock_c20250701__20260630_zb2xCYjNvYCb">Mr. Wachsman does not hold a formal cybersecurity degree or certification. His relevant expertise is based on his executive and operational experience with technology-focused businesses and his oversight of the Company’s information systems, third-party services providers and cybersecurity processes. He supplements this experience through consultation with external information-technology and cybersecurity services providers, as appropriate. The full Board of Directors oversees risks from cybersecurity threats. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_900_ecyd--CybersecurityRiskRoleOfManagementTextBlock_c20250701__20260630_zh9isuf6Ukdg">Mr. Wachsman reports material cybersecurity matters to the Board when identified and provides updates regarding the Company’s cybersecurity risk-management processes as circumstances warrant. Matters subject to reporting may include significant cybersecurity threats and vulnerabilities, material third-party service-provider risks, remediation activities and cybersecurity incidents that could significantly affect the Company. One of the key functions of our executive officers is to inform oversight of our risk management process, which includes risks from cybersecurity threats. Our President, who serves as our <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_907_ecyd--CybersecurityRiskManagementPositionsOrCommitteesResponsibleFlag_dbT_c20250701__20260630_z17w8U4BDLgc">Principal Executive Officer, works to manage our cybersecurity policies and processes. true He is responsible for managing how we identify, address, prevent and resolve cybersecurity issues and related matters. He is also responsible for tracking how we prevent, identify, lessen, and address cybersecurity issues. This is done through regular checks of our systems, tests to identify security weaknesses, and maintaining an incident response plan. Mr. Wachsman does not hold a formal cybersecurity degree or certification. His relevant expertise is based on his executive and operational experience with technology-focused businesses and his oversight of the Company’s information systems, third-party services providers and cybersecurity processes. Mr. Wachsman reports material cybersecurity matters to the Board when identified and provides updates regarding the Company’s cybersecurity risk-management processes as circumstances warrant. Matters subject to reporting may include significant cybersecurity threats and vulnerabilities, material third-party service-provider risks, remediation activities and cybersecurity incidents that could significantly affect the Company. 606 GRASSI & CO., CPAs, P.C. Glastonbury, Connecticut Fruci & Associates II, PLLC 5525 Spokane, Washington

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Note 1 – Description of business Organization Hawkeye Digital, Inc. (the “Company”) is a Nevada corporation incorporated on May 15, 2018. The Company was formerly known as Hawkeye Systems, Inc. On June 17, 2026, holders of a majority of the voting power of the Company’s outstanding common stock approved an amendment and restatement of the Company’s Articles of Incorporation that, among other things, changed the corporate name to Hawkeye Digital, Inc., increased authorized capital stock and classified the Board of Directors. The Amended and Restated Articles of Incorporation were filed with the Secretary of State of Nevada and became effective on August 20, 2026. Accordingly, as of June 30, 2026 the Company’s legal name remained Hawkeye Systems, Inc. and authorized capital stock remained <span id="xdx_903_eus-gaap--CommonStockSharesAuthorized_iI_c20260630__dei--LegalEntityAxis__custom--HawkeyeSystemsIncMember__us-gaap--AwardTypeAxis__us-gaap--CommonStockMember_zkHk8PN40KJ9" title="Common stock, shares authorized">400,000,000 shares of common stock, $<span id="xdx_908_eus-gaap--CommonStockParOrStatedValuePerShare_iI_c20260630__dei--LegalEntityAxis__custom--HawkeyeSystemsIncMember__us-gaap--AwardTypeAxis__us-gaap--CommonStockMember_z59UkOlkPCMj" title="Common stock, par value">0.0001 par value, and <span id="xdx_901_eus-gaap--PreferredStockSharesAuthorized_iI_c20260630__dei--LegalEntityAxis__custom--HawkeyeSystemsIncMember__us-gaap--AwardTypeAxis__us-gaap--PreferredStockMember_zzpPA2VE323b" title="Preferred stock, shares authorized">50,000,000 shares of preferred stock, $<span id="xdx_90F_eus-gaap--PreferredStockParOrStatedValuePerShare_iI_c20260630__dei--LegalEntityAxis__custom--HawkeyeSystemsIncMember__us-gaap--AwardTypeAxis__us-gaap--PreferredStockMember_zlljzx1ad6B6" title="Preferred stock, par value">0.0001 par value. These financial statements are presented under the name Hawkeye Digital, Inc., which is the Company’s name as of the issuance date of the financial statements. Nature of operations From inception until July 2021 the Company sold personal protective equipment. Those operations ceased in July 2021. The Company generated no revenue during the years ended June 30, 2026 and 2025. Effective April 1, 2026, the Company underwent a change in control as a result of a series of related transactions with Hawkeye Holdco LLC, a Wyoming limited liability company (“HH”), and Steve Hall. Following the change in control, the Company’s strategy is to operate as a private equity and corporate advisory firm conducting merchant banking services in digital assets and other frontier verticals in financial services and technology. The Company has not completed an acquisition of a registered broker-dealer, registered investment adviser or other operating business as of June 30, 2026. Subsequent advisory activity is described in Note 14, Subsequent events. The Company holds no crypto-assets on its own balance sheet. The Company is not currently registered as a broker-dealer and intends to conduct activities requiring broker-dealer registration only through appropriately registered entities. The Company holds a 19.9% membership interest in Rift Cyber LLC (“Rift”), a Nevada limited liability company developing technology at the intersection of physical security and cybersecurity. Rift has not generated revenue since formation. See Note 6, Equity method investment. Change in control On April 1, 2026, the Company, HH and Mr. Hall entered into a Note Purchase Agreement pursuant to which HH purchased from Mr. Hall a promissory note previously issued by the Company to Mr. Hall (the “Existing Hall Note”). The Existing Hall Note was amended and restated and the Company issued to HH a non-interest-bearing Convertible Promissory Note in an initial principal amount of $<span id="xdx_900_eus-gaap--DebtInstrumentFaceAmount_iI_c20260402__us-gaap--TypeOfArrangementAxis__custom--PurchaseAgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--HallMember_zqlSbhPwM8Wf" title="Convertible promissory note, principal">2,767,756 (the “Convertible Note”). On the same date the Company issued <span id="xdx_905_eus-gaap--SharesIssued_iI_c20260402__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--HallMember__us-gaap--StatementClassOfStockAxis__custom--SeriesAConvertiblePreferredStockMember_zpIUwW0aGoc2" title="Shares issued">2,000 shares of Series A Convertible Preferred Stock to Mr. Hall for cash proceeds of $<span id="xdx_901_eus-gaap--ProceedsFromIssuanceOfConvertiblePreferredStock_c20260401__20260402__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--HallMember__us-gaap--StatementClassOfStockAxis__custom--SeriesAConvertiblePreferredStockMember_zKKcibYMn9zg" title="Cash proceeds">200,000 and entered into an Investor Rights Agreement granting HH registration rights and the right to designate four of five members of the Board of Directors. On June 1, 2026, HH converted the Convertible Note in full into <span id="xdx_90A_eus-gaap--StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities_c20260601__20260602__us-gaap--AwardTypeAxis__us-gaap--CommonStockMember_zwO449iwUSc7" title=" Convertible note shares">23,064,634 shares of common stock. On June 3, 2026, the Company sold HH a Common Stock Purchase Warrant covering <span id="xdx_90A_eus-gaap--StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities_c20260601__20260603__us-gaap--AwardTypeAxis__us-gaap--CommonStockMember__us-gaap--ClassOfWarrantOrRightAxis__custom--HHWarrantMember_zhr7nXWTZit8" title=" Convertible note shares">221,878,595 shares (the “HH Warrant”) for cash proceeds of $<span id="xdx_906_eus-gaap--AdjustmentsToAdditionalPaidInCapitalWarrantIssued_c20260601__20260603__us-gaap--ClassOfWarrantOrRightAxis__custom--HHWarrantMember_zElSo5i9Pj4g" title="Amount on sale of conversion shares">2,218,786; the sale of the HH Warrant triggered mandatory conversion of the Series A Preferred Stock into <span id="xdx_902_eus-gaap--StockIssuedDuringPeriodSharesConversionOfUnits_c20260601__20260603__us-gaap--AwardTypeAxis__us-gaap--CommonStockMember__us-gaap--ClassOfWarrantOrRightAxis__custom--HHWarrantMember_zAQOxc3WOaKg" title="Shares of common stock upon conversion convertible note">13,000,000 shares of common stock. On June 11, 2026, HH exercised the HH Warrant in full on a cashless basis and received 218,952,662 shares of common stock. After those issuances HH beneficially owned approximately 91% of the Company’s outstanding common stock. Martin Sumichrast, Chairman of the Board, is the manager of MCIMAC, LLC, which is the manager of HH. David Wachsman, President, and Q. Byron Hamlett, Chief Financial Officer, are members of HH. See Notes 7, Debt, 8, Related party transactions and 9, Stockholders’ equity. Principal office The Company’s principal executive offices are located at 350 Lincoln Road, 2nd Floor, Miami Beach, Florida 33139, under a month-to-month mail-and-meeting arrangement. See Note 11, Commitments and contingencies.

400000000

0.0001

50000000

0.0001

2767756

2000

200000

23064634

221878595

2218786

13000000

218952662

Note 2 – Summary of significant accounting policies Basis of presentation The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and the rules and regulations of the Securities and Exchange Commission (“SEC”). The Company is a smaller reporting company as defined in Rule 12b-2 under the Securities Exchange Act of 1934. The financial statements include the accounts of the Company. The Company has no consolidated subsidiaries. The 19.9% membership interest in Rift is accounted for under the equity method and is not consolidated. See Note 6, Equity method investment. Reclassifications. Certain prior-period amounts have been reclassified to conform to the current-period presentation. The impact of these reclassifications is immaterial to the financial statements taken as a whole and had no impact on previously reported total assets, total liabilities or net loss. Basis of accounting following the change in control HH obtained a controlling financial interest on June 1, 2026 upon conversion of the Convertible Note into <span id="xdx_909_eus-gaap--StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities_c20260601__20260602__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_zquyWqE1dEP9" title=" Convertible note shares">23,064,634 shares, representing 68% of the then-outstanding common stock, and held approximately 91% of the Company’s outstanding common stock as of June 30, 2026. The change in control was effected through purchases of the Company’s equity-linked instruments and conversion of those instruments into common stock. The Company did not elect to apply pushdown accounting under ASC 805-50-25-4 through 25-8. Accordingly, the Company’s assets and liabilities continue to be carried at their historical carrying amounts, no new basis of accounting and no goodwill were recognized, and accumulated deficit was not reset. The year ended June 30, 2026 is presented as a single continuous reporting period. The change in control is an ownership change under Internal Revenue Code Section 382; see Note 12, Income taxes. Use of estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. Actual results could differ from those estimates. The estimates that are most significant to these financial statements are the April 1, 2026 fair value of the Convertible Note, the measurement-date fair value of thinly traded common stock issued to settle obligations and to compensate service providers, the carrying amount of the equity-method investment in Rift (including the assessment of other-than-temporary impairment), the valuation allowance on deferred tax assets (including the effect of the Section 382 ownership change), and the grant-date fair value of equity-classified instruments issued for services. Cash and cash equivalents Cash and cash equivalents include demand deposits and highly liquid investments with original maturities of three months or less when purchased. Cash was $2,105,343 and $502 as of June 30, 2026 and 2025, respectively. The Company maintains cash at one or more financial institutions that may, at times, exceed federally insured limits. The Company has not experienced losses on these deposits. The Company has no restricted cash, compensating balances or cash held at related-party institutions. Prepaid expenses Prepaid expenses are recognized when payment is made in advance of the related goods or services being received and are amortized to expense as the goods or services are consumed. Prepaid expenses were $119,027 and $2,600 as of June 30, 2026 and 2025, respectively. Variable interest entities The Company determines whether it holds a controlling financial interest in an entity by first evaluating whether the entity is a variable interest entity ("VIE") and, if it is, whether the Company is the primary beneficiary of that VIE. This evaluation is performed for each entity in which the Company holds a variable interest, before applying the guidance in ASC 323, Investments — Equity Method and Joint Ventures, or ASC 321, Investments — Equity Securities. A VIE is a legal entity in which either (i) the total equity investment at risk is not sufficient to permit the entity to finance its activities without additional subordinated financial support, or (ii) the holders of the equity investment at risk, as a group, lack the characteristics of a controlling financial interest, including the power through voting or similar rights to direct the activities that most significantly affect the entity’s economic performance, the obligation to absorb the entity’s expected losses, or the right to receive the entity’s expected residual returns. In assessing the sufficiency of the equity investment at risk, the Company considers, among other factors, the entity’s ability to fund its planned activities from existing capital, whether any equity investment was funded directly or indirectly by the Company or by other parties involved with the entity, and whether any party has committed to provide additional financial support. The Company consolidates a VIE only when it is the primary beneficiary. The Company is the primary beneficiary when it has both (i) the power to direct the activities of the VIE that most significantly affect the VIE’s economic performance and (ii) the obligation to absorb losses of, or the right to receive benefits from, the VIE that could potentially be significant to the VIE. Where power over the significant activities is shared such that no single party can direct those activities unilaterally, no party is the primary beneficiary and the entity is not consolidated. In performing this assessment the Company also considers whether other holders of variable interests are related parties or de facto agents of the Company under ASC 810-10-25-43, and, where a related-party group collectively meets the primary-beneficiary criteria, which member of that group is most closely associated with the VIE. The Company reassesses whether an entity is a VIE upon the occurrence of the reconsideration events described in ASC 810-10-35-4, including changes to the entity’s governing documents or contractual arrangements that affect the characteristics or adequacy of the equity investment at risk. The determination of whether the Company is the primary beneficiary of a VIE is reassessed on an ongoing basis. The Company holds a variable interest in one entity, Rift Cyber LLC, which the Company has determined is a VIE and of which the Company is not the primary beneficiary. Accordingly, the Company does not consolidate that entity. See Note 6, Equity method investment. Fair value measurements The Company applies ASC 820, Fair Value Measurement, which defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value is an exit price, measured in the principal market for the asset or liability or, in the absence of a principal market, the most advantageous market. An orderly transaction assumes exposure to the market for a period before the measurement date sufficient to allow for marketing activities that are usual and customary for the asset or liability, and is not a forced or distressed transaction. The measurement of a liability assumes that the liability is transferred to a market participant at the measurement date and that nonperformance risk, including the Company’s own credit risk, is the same before and after the transfer. ASC 820 establishes a hierarchy that prioritizes the inputs to the valuation techniques used to measure fair value: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">·</td><td style="text-align: justify">Level 1 - unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date.</td></tr> <tr style="vertical-align: top"> <td> </td><td> </td><td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">·</td><td style="text-align: justify">Level 2 - quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; and inputs other than quoted prices that are observable for the asset or liability, either directly or indirectly.</td></tr> <tr style="vertical-align: top"> <td> </td><td> </td><td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">·</td><td style="text-align: justify">Level 3 - unobservable inputs that are significant to the measurement. Unobservable inputs reflect the assumptions market participants would use in pricing the asset or liability, developed using the best information available in the circumstances, which may include the Company’s own data.</td></tr></table> An asset or liability is categorized in its entirety based on the lowest level input that is significant to the measurement. A quoted price for an identical instrument is a Level 1 input only where the market for that instrument is active. Where such a price is obtained from a market that is not active and is used without significant adjustment, the measurement is categorized within Level 2. Where an adjustment developed from unobservable inputs is significant to the measurement as a whole, the measurement is categorized within Level 3. The Company recognizes transfers between levels as of the beginning of the reporting period in which the transfer occurs. The Company evaluates the volume and level of activity in the market for an instrument at each measurement date. Indicators considered include the frequency and volume of trading, the presence of days on which no trading occurs, the dispersion of quoted prices over short intervals, the size of the bid-ask spread, and whether transaction volumes are commensurate with the quantity being measured. Where the Company concludes that there has been a significant decrease in the volume and level of activity, or that observed transactions are not orderly, it adjusts observed prices or applies an alternative valuation technique. Consistent with ASC 820-10-35-36B, the Company does not apply a blockage factor reflecting the size of a holding or issuance relative to normal trading volume. The Company uses valuation techniques appropriate in the circumstances and for which sufficient data are available, maximizing the use of relevant observable inputs and minimizing the use of unobservable inputs. Techniques applied include the market approach and the income approach. Valuation techniques are applied consistently from period to period. A change in a valuation technique or its application is accounted for as a change in accounting estimate under ASC 250; the disclosures required by ASC 250 for a change in accounting estimate are not required for such a change. Where shares of the Company’s common stock are issued as consideration, the fair value of those shares is measured on the date the transaction is recognized: the settlement date for an obligation settled in shares, the extinguishment date for shares issued in an extinguishment of debt, and the grant date for share-based payment awards to nonemployees under ASC 718. Because the Company’s common stock is restricted under the Securities Act of 1933 at issuance, the Company considers whether a market participant would apply a discount for lack of marketability. Such a restriction arises by operation of law and is a characteristic of the security. It is distinguished from a contractual sale restriction, which under ASC 820-10-35-6B is not part of the unit of account of an equity security and is therefore not considered in measuring fair value. The Company has not elected the fair value option under ASC 825-10-25 for any eligible financial asset or financial liability. The Company maximizes the use of observable inputs and minimizes the use of unobservable inputs when measuring fair value. The Convertible Promissory Note issued on April 1, 2026 was measured at fair value on a nonrecurring basis upon issuance. The measurement was categorized within Level 3 because significant unobservable inputs were used. See Note 7, Debt, for the contractual terms, initial carrying amount, debt discount, accretion and conversion of the note, and Note 10, Fair value measurements, for the valuation technique and significant inputs used in the measurement. Debt discount and conversion features The Company evaluates conversion and other embedded features in debt instruments to determine whether separate accounting is required. The conversion feature of the Convertible Promissory Note was not separately accounted for as a derivative, and the note was accounted for as a single debt instrument. The note was initially recognized at its estimated fair value. The difference between the principal amount and initial carrying amount was recorded as a debt discount and accreted to interest expense using the effective-interest method through the conversion date. Concentration of credit risk Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash. The Company maintains its cash in deposit accounts at financial institutions which, at times, may exceed federally insured limits. As of June 30, 2026, $1,605,343 of the Company’s cash balance exceeded federally insured limits. The Company has not experienced any losses in these accounts and believes it is not exposed to significant credit risk. Financial instruments and fair value of financial instruments The Company’s financial instruments consist of cash and accounts payable and accrued liabilities. The carrying amounts of these instruments approximate fair value because of their short maturities. The Company held no derivative financial instruments and no financial instruments measured at fair value on a recurring basis as of June 30, 2026 or 2025. The Convertible Note described in Note 7, Debt, was measured at fair value on issuance on April 1, 2026 and was converted in full on June 1, 2026; accordingly, no balance was outstanding as of June 30, 2026. Derivative instruments and contracts in an entity’s own equity Freestanding contracts indexed to, and potentially settled in, the Company’s own stock are evaluated under ASC 815-40 to determine whether equity classification is appropriate. The HH Warrant was classified as equity, and the cash proceeds of $2,218,786 were recorded in additional paid-in capital. The subsequent cashless exercise was an equity-for-equity exchange and did not result in gain or loss. See Note 9, Stockholders’ equity. Embedded conversion features are evaluated for bifurcation under ASC 815-15. The Convertible Note’s conversion feature was not bifurcated; the instrument was recorded at fair value on issuance with the resulting discount accreted as interest expense under the effective-interest method through the conversion date. Stock-based compensation Equity-classified awards issued to employees and nonemployees in exchange for goods or services are accounted for under ASC 718. The grant-date fair value of a fully vested award is recognized as expense on the grant date. Awards issued to settle a liability are measured at the carrying amount of the liability or the fair value of the equity issued, as applicable, on the settlement date. Forfeitures are accounted for as they occur. See Note 9, Stockholders’ equity. Obligations settled in the Company’s own equity. Obligations owed to related parties that are settled through the issuance of the Company’s equity are derecognized at their carrying amount where the counterparty is acting in its capacity as a shareholder. Any difference between the carrying amount of the obligation derecognized and the fair value of the equity issued is recorded in additional paid-in capital as a capital transaction rather than in earnings, consistent with ASC 470-50-40-2 and SEC Staff Accounting Bulletin Topic 5.T. Equity-classified instruments issued in these transactions are not subsequently remeasured. Shares issued to settle a pre-existing liability are excluded from the share-based payment disclosures in Note 9, Stockholders’ equity, unless the shares were issued as compensation for goods or services. Revenue recognition The Company applies ASC 606, Revenue from Contracts with Customers. Revenue is recognized when control of the promised goods or services is transferred to the customer in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. The Company generated no revenue during the years ended June 30, 2026 and 2025. Advisory engagements entered into after June 30, 2026 are described in Note 14, Subsequent events, and are not reflected in these financial statements. Research and development Research and development costs are expensed as incurred under ASC 730-10-25-1. Costs paid directly by the Company to third-party vendors in connection with development of technology owned by Rift are the Company’s own costs and are not capitalized into the equity-method investment. Research and development expense was $38,815 and $0 for the years ended June 30, 2026 and 2025, respectively, and includes $<span id="xdx_90F_eus-gaap--ResearchAndDevelopmentExpense_c20250701__20260630__us-gaap--ShareBasedGoodsAndNonemployeeServicesTransactionBySupplierAxis__custom--VendorDevelopmentCostsMember_z0L5nae8oGUh" title="Research and development expense">38,815 of vendor development costs associated with Rift ($34,000 incurred in fiscal 2026 and a $4,815 immaterial correction of fiscal 2025 costs previously capitalized into the investment), see Note 6, Equity method investment. Net loss per share Basic net loss per share is computed by dividing net loss by the weighted-average number of common shares outstanding during the period, including shares that are issuable for no additional consideration when all conditions to issuance have been satisfied. Diluted net loss per share gives effect to all potentially dilutive common shares unless the effect would be anti-dilutive. Because the Company incurred a net loss in both periods presented, all potentially dilutive securities are excluded from diluted net loss per share. See Note 13, Earnings (loss) per share. Income taxes Income taxes are accounted for under the asset and liability method in accordance with ASC 740. Deferred tax assets and liabilities are recognized for temporary differences and for operating loss and tax credit carryforwards and are measured using enacted tax rates. A valuation allowance is recorded when it is more likely than not that some or all of a deferred tax asset will not be realized. The Company recognizes the financial statement effects of an uncertain tax position only when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. See Note 12, Income taxes. Segments The Company is managed on a consolidated basis as one operating segment and one reportable segment. The Company’s President serves as the chief operating decision maker (the “CODM”). The CODM reviews consolidated financial information for the Company as a whole. The Company’s planned private equity investment activities and its merchant banking and corporate advisory activities were development-stage activities during the periods presented and were not managed as separate components for which discrete financial information was regularly reviewed by the CODM. No operating segments have been aggregated. The Company had no revenue to disaggregate under ASC 280 or ASC 606 in either period presented. The measure of segment profit or loss regularly reviewed by the CODM is consolidated net loss, which is the measure of profit or loss reported in the statements of operations. The CODM uses that measure, together with consolidated total assets, to monitor operating spending against available liquidity and to determine the timing and amount of resources allocated to corporate costs, prospective advisory engagements and investment opportunities. Significant segment expenses regularly provided to the CODM, and the reconciliation of the reported segment measure to consolidated net loss, are as follows: <table cellpadding="0" cellspacing="0" id="xdx_895_eus-gaap--ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock_z1OoPdpf5lq" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Summary of significant accounting policies (Details - Reconciliation of segment)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Schedule of reconciliation of reported segment</td><td> </td> <td style="text-align: left"> </td><td id="xdx_49B_20250701__20260630__us-gaap--StatementBusinessSegmentsAxis__us-gaap--CorporateAndOtherMember_zalaRXJknK87" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49E_20240701__20250630__us-gaap--StatementBusinessSegmentsAxis__us-gaap--CorporateAndOtherMember_zEmYmWYSw6Gl" style="text-align: center"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Year ended June 30, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Year ended June 30, 2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_401_eus-gaap--Revenues_d0_z9mkDaKDAEue" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Revenue</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--CostsAndExpensesAbstract_iB_zcJ9xVOlTcOh" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Less significant segment expenses:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--GeneralAndAdministrativeExpense_z8lnmDfsDHkl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 66%; text-align: left; padding-left: 10pt">General and administrative</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 13%; text-align: right">85,014</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 13%; text-align: right">77,796</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--SellingAndMarketingExpense_d0_zlquTWMu1Sg2" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-left: 10pt">Sales and marketing</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,500</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--ManagementFeeExpense_d0_zea3qbm0n0c6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-left: 10pt">Management compensation</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,500</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--ProfessionalFees_zpzGXmxcoWPb" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-left: 10pt">Professional fees</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">540,330</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">189,373</td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--ResearchAndDevelopmentExpense_d0_zc5c8o2h9cmf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt; padding-left: 10pt">Research and development</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">38,815</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--CostsAndExpenses_z3rC9qdZKz27" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Total significant segment expenses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">667,659</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">270,669</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--SegmentReportingOtherItemAmount_zlLVg4BRogf7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Other segment items</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">94,766</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(252,658</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_401_eus-gaap--NetIncomeLoss_zj1je0DOkNIe" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left; padding-bottom: 2.5pt">Segment net loss (equals consolidated net loss)</td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">(572,893</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">(523,327</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left">)</td></tr> </table> Other segment items consist of interest income, related-party interest expense, accretion of the discount on the Convertible Note, the gain on the partial sale of the equity-method investment and the gain on settlement of debt. There are no differences between the measure of segment loss reviewed by the CODM and consolidated net loss before income taxes, and there were no reconciling items in either period presented. The CODM reviews consolidated total assets as the measure of segment assets; segment assets equal consolidated total assets of $2,264,170 and $57,917 as of June 30, 2026 and 2025, respectively, with no reconciling items. Concentration of risk The Company has no customers and has not commenced its planned principal operations. Liquidity during the year ended June 30, 2026 was provided principally by HH and Mr. Hall. Following the fourth-quarter transactions described in Notes 5, Loan payable due to Eagle, JV partner, 7, Debt, and 9, Stockholders’ equity, the Company has no outstanding indebtedness. HH beneficially owns approximately 91% of the outstanding common stock and can determine the outcome of all matters submitted to stockholders. Execution of the Company’s strategy depends on recruiting and retaining specialized personnel, developing advisory counterparties, obtaining any registrations required to conduct broker-dealer or investment advisory activities, and raising additional capital. The Company’s planned advisory and investment activities are concentrated in digital assets and other frontier verticals in financial services and technology. The loss or unavailability of those resources, or a material decline in activity in the targeted markets, could delay or prevent the commencement of principal operations. Management evaluates these concentrations at each reporting date. Recently issued accounting pronouncements In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280) — Improvements to Reportable Segment Disclosures, which requires disclosure of significant segment expenses regularly provided to the chief operating decision maker, an amount for other segment items, and the measure of segment profit or loss used by the chief operating decision maker, including for entities with a single reportable segment. The Company adopted ASU 2023-07 for the year ended June 30, 2025. Adoption did not have a material effect on the Company’s financial position or results of operations, and the expanded disclosures required by the standard are included under “Segments” above. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which requires disaggregation of the effective tax rate reconciliation into specified categories presented in both percentages and dollar amounts, and disaggregation of income taxes paid by federal, state and foreign jurisdiction. ASU 2023-09 is effective for annual periods beginning after December 15, 2024 and was therefore adopted by the Company effective July 1, 2025 on a prospective basis. Because the Company records a full valuation allowance against its deferred tax assets and paid no income taxes in either period, the adoption did not have a material effect on the Company’s financial position or results of operations. The expanded disclosures required by the standard are included in Note 12, Income taxes. In November 2024, the FASB issued ASU 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses and in January 2025, the FASB issued ASU 2025-01, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Clarifying the Effective Date ("ASU 2025-01"). The ASU requires a public business entity to provide disaggregated disclosures of certain categories of expenses on an annual and interim basis including purchases of inventory, employee compensation, depreciation, and intangible asset amortization for each income statement line item that contains those expenses. ASU 2024-03, as clarified by ASU 2025-01 is effective for annual reporting periods beginning after December 15, 2026, and interim periods beginning after December 15, 2027, with prospective or retrospective application permitted. The Company is currently evaluating the impact of adopting ASU 2024-03 on its financial statements and related disclosures.

Basis of presentation The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and the rules and regulations of the Securities and Exchange Commission (“SEC”). The Company is a smaller reporting company as defined in Rule 12b-2 under the Securities Exchange Act of 1934. The financial statements include the accounts of the Company. The Company has no consolidated subsidiaries. The 19.9% membership interest in Rift is accounted for under the equity method and is not consolidated. See Note 6, Equity method investment. Reclassifications. Certain prior-period amounts have been reclassified to conform to the current-period presentation. The impact of these reclassifications is immaterial to the financial statements taken as a whole and had no impact on previously reported total assets, total liabilities or net loss. Basis of accounting following the change in control HH obtained a controlling financial interest on June 1, 2026 upon conversion of the Convertible Note into <span id="xdx_909_eus-gaap--StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities_c20260601__20260602__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_zquyWqE1dEP9" title=" Convertible note shares">23,064,634 shares, representing 68% of the then-outstanding common stock, and held approximately 91% of the Company’s outstanding common stock as of June 30, 2026. The change in control was effected through purchases of the Company’s equity-linked instruments and conversion of those instruments into common stock. The Company did not elect to apply pushdown accounting under ASC 805-50-25-4 through 25-8. Accordingly, the Company’s assets and liabilities continue to be carried at their historical carrying amounts, no new basis of accounting and no goodwill were recognized, and accumulated deficit was not reset. The year ended June 30, 2026 is presented as a single continuous reporting period. The change in control is an ownership change under Internal Revenue Code Section 382; see Note 12, Income taxes.

23064634

Use of estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. Actual results could differ from those estimates. The estimates that are most significant to these financial statements are the April 1, 2026 fair value of the Convertible Note, the measurement-date fair value of thinly traded common stock issued to settle obligations and to compensate service providers, the carrying amount of the equity-method investment in Rift (including the assessment of other-than-temporary impairment), the valuation allowance on deferred tax assets (including the effect of the Section 382 ownership change), and the grant-date fair value of equity-classified instruments issued for services.

Cash and cash equivalents Cash and cash equivalents include demand deposits and highly liquid investments with original maturities of three months or less when purchased. Cash was $2,105,343 and $502 as of June 30, 2026 and 2025, respectively. The Company maintains cash at one or more financial institutions that may, at times, exceed federally insured limits. The Company has not experienced losses on these deposits. The Company has no restricted cash, compensating balances or cash held at related-party institutions.

2105343

502

Prepaid expenses Prepaid expenses are recognized when payment is made in advance of the related goods or services being received and are amortized to expense as the goods or services are consumed. Prepaid expenses were $119,027 and $2,600 as of June 30, 2026 and 2025, respectively.

119027

2600

Variable interest entities The Company determines whether it holds a controlling financial interest in an entity by first evaluating whether the entity is a variable interest entity ("VIE") and, if it is, whether the Company is the primary beneficiary of that VIE. This evaluation is performed for each entity in which the Company holds a variable interest, before applying the guidance in ASC 323, Investments — Equity Method and Joint Ventures, or ASC 321, Investments — Equity Securities. A VIE is a legal entity in which either (i) the total equity investment at risk is not sufficient to permit the entity to finance its activities without additional subordinated financial support, or (ii) the holders of the equity investment at risk, as a group, lack the characteristics of a controlling financial interest, including the power through voting or similar rights to direct the activities that most significantly affect the entity’s economic performance, the obligation to absorb the entity’s expected losses, or the right to receive the entity’s expected residual returns. In assessing the sufficiency of the equity investment at risk, the Company considers, among other factors, the entity’s ability to fund its planned activities from existing capital, whether any equity investment was funded directly or indirectly by the Company or by other parties involved with the entity, and whether any party has committed to provide additional financial support. The Company consolidates a VIE only when it is the primary beneficiary. The Company is the primary beneficiary when it has both (i) the power to direct the activities of the VIE that most significantly affect the VIE’s economic performance and (ii) the obligation to absorb losses of, or the right to receive benefits from, the VIE that could potentially be significant to the VIE. Where power over the significant activities is shared such that no single party can direct those activities unilaterally, no party is the primary beneficiary and the entity is not consolidated. In performing this assessment the Company also considers whether other holders of variable interests are related parties or de facto agents of the Company under ASC 810-10-25-43, and, where a related-party group collectively meets the primary-beneficiary criteria, which member of that group is most closely associated with the VIE. The Company reassesses whether an entity is a VIE upon the occurrence of the reconsideration events described in ASC 810-10-35-4, including changes to the entity’s governing documents or contractual arrangements that affect the characteristics or adequacy of the equity investment at risk. The determination of whether the Company is the primary beneficiary of a VIE is reassessed on an ongoing basis. The Company holds a variable interest in one entity, Rift Cyber LLC, which the Company has determined is a VIE and of which the Company is not the primary beneficiary. Accordingly, the Company does not consolidate that entity. See Note 6, Equity method investment.

Fair value measurements The Company applies ASC 820, Fair Value Measurement, which defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value is an exit price, measured in the principal market for the asset or liability or, in the absence of a principal market, the most advantageous market. An orderly transaction assumes exposure to the market for a period before the measurement date sufficient to allow for marketing activities that are usual and customary for the asset or liability, and is not a forced or distressed transaction. The measurement of a liability assumes that the liability is transferred to a market participant at the measurement date and that nonperformance risk, including the Company’s own credit risk, is the same before and after the transfer. ASC 820 establishes a hierarchy that prioritizes the inputs to the valuation techniques used to measure fair value: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">·</td><td style="text-align: justify">Level 1 - unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date.</td></tr> <tr style="vertical-align: top"> <td> </td><td> </td><td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">·</td><td style="text-align: justify">Level 2 - quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; and inputs other than quoted prices that are observable for the asset or liability, either directly or indirectly.</td></tr> <tr style="vertical-align: top"> <td> </td><td> </td><td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">·</td><td style="text-align: justify">Level 3 - unobservable inputs that are significant to the measurement. Unobservable inputs reflect the assumptions market participants would use in pricing the asset or liability, developed using the best information available in the circumstances, which may include the Company’s own data.</td></tr></table> An asset or liability is categorized in its entirety based on the lowest level input that is significant to the measurement. A quoted price for an identical instrument is a Level 1 input only where the market for that instrument is active. Where such a price is obtained from a market that is not active and is used without significant adjustment, the measurement is categorized within Level 2. Where an adjustment developed from unobservable inputs is significant to the measurement as a whole, the measurement is categorized within Level 3. The Company recognizes transfers between levels as of the beginning of the reporting period in which the transfer occurs. The Company evaluates the volume and level of activity in the market for an instrument at each measurement date. Indicators considered include the frequency and volume of trading, the presence of days on which no trading occurs, the dispersion of quoted prices over short intervals, the size of the bid-ask spread, and whether transaction volumes are commensurate with the quantity being measured. Where the Company concludes that there has been a significant decrease in the volume and level of activity, or that observed transactions are not orderly, it adjusts observed prices or applies an alternative valuation technique. Consistent with ASC 820-10-35-36B, the Company does not apply a blockage factor reflecting the size of a holding or issuance relative to normal trading volume. The Company uses valuation techniques appropriate in the circumstances and for which sufficient data are available, maximizing the use of relevant observable inputs and minimizing the use of unobservable inputs. Techniques applied include the market approach and the income approach. Valuation techniques are applied consistently from period to period. A change in a valuation technique or its application is accounted for as a change in accounting estimate under ASC 250; the disclosures required by ASC 250 for a change in accounting estimate are not required for such a change. Where shares of the Company’s common stock are issued as consideration, the fair value of those shares is measured on the date the transaction is recognized: the settlement date for an obligation settled in shares, the extinguishment date for shares issued in an extinguishment of debt, and the grant date for share-based payment awards to nonemployees under ASC 718. Because the Company’s common stock is restricted under the Securities Act of 1933 at issuance, the Company considers whether a market participant would apply a discount for lack of marketability. Such a restriction arises by operation of law and is a characteristic of the security. It is distinguished from a contractual sale restriction, which under ASC 820-10-35-6B is not part of the unit of account of an equity security and is therefore not considered in measuring fair value. The Company has not elected the fair value option under ASC 825-10-25 for any eligible financial asset or financial liability. The Company maximizes the use of observable inputs and minimizes the use of unobservable inputs when measuring fair value. The Convertible Promissory Note issued on April 1, 2026 was measured at fair value on a nonrecurring basis upon issuance. The measurement was categorized within Level 3 because significant unobservable inputs were used. See Note 7, Debt, for the contractual terms, initial carrying amount, debt discount, accretion and conversion of the note, and Note 10, Fair value measurements, for the valuation technique and significant inputs used in the measurement. Debt discount and conversion features The Company evaluates conversion and other embedded features in debt instruments to determine whether separate accounting is required. The conversion feature of the Convertible Promissory Note was not separately accounted for as a derivative, and the note was accounted for as a single debt instrument. The note was initially recognized at its estimated fair value. The difference between the principal amount and initial carrying amount was recorded as a debt discount and accreted to interest expense using the effective-interest method through the conversion date.

Concentration of credit risk Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash. The Company maintains its cash in deposit accounts at financial institutions which, at times, may exceed federally insured limits. As of June 30, 2026, $1,605,343 of the Company’s cash balance exceeded federally insured limits. The Company has not experienced any losses in these accounts and believes it is not exposed to significant credit risk.

1605343

Financial instruments and fair value of financial instruments The Company’s financial instruments consist of cash and accounts payable and accrued liabilities. The carrying amounts of these instruments approximate fair value because of their short maturities. The Company held no derivative financial instruments and no financial instruments measured at fair value on a recurring basis as of June 30, 2026 or 2025. The Convertible Note described in Note 7, Debt, was measured at fair value on issuance on April 1, 2026 and was converted in full on June 1, 2026; accordingly, no balance was outstanding as of June 30, 2026.

Derivative instruments and contracts in an entity’s own equity Freestanding contracts indexed to, and potentially settled in, the Company’s own stock are evaluated under ASC 815-40 to determine whether equity classification is appropriate. The HH Warrant was classified as equity, and the cash proceeds of $2,218,786 were recorded in additional paid-in capital. The subsequent cashless exercise was an equity-for-equity exchange and did not result in gain or loss. See Note 9, Stockholders’ equity. Embedded conversion features are evaluated for bifurcation under ASC 815-15. The Convertible Note’s conversion feature was not bifurcated; the instrument was recorded at fair value on issuance with the resulting discount accreted as interest expense under the effective-interest method through the conversion date.

2218786

Stock-based compensation Equity-classified awards issued to employees and nonemployees in exchange for goods or services are accounted for under ASC 718. The grant-date fair value of a fully vested award is recognized as expense on the grant date. Awards issued to settle a liability are measured at the carrying amount of the liability or the fair value of the equity issued, as applicable, on the settlement date. Forfeitures are accounted for as they occur. See Note 9, Stockholders’ equity. Obligations settled in the Company’s own equity. Obligations owed to related parties that are settled through the issuance of the Company’s equity are derecognized at their carrying amount where the counterparty is acting in its capacity as a shareholder. Any difference between the carrying amount of the obligation derecognized and the fair value of the equity issued is recorded in additional paid-in capital as a capital transaction rather than in earnings, consistent with ASC 470-50-40-2 and SEC Staff Accounting Bulletin Topic 5.T. Equity-classified instruments issued in these transactions are not subsequently remeasured. Shares issued to settle a pre-existing liability are excluded from the share-based payment disclosures in Note 9, Stockholders’ equity, unless the shares were issued as compensation for goods or services.

Revenue recognition The Company applies ASC 606, Revenue from Contracts with Customers. Revenue is recognized when control of the promised goods or services is transferred to the customer in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. The Company generated no revenue during the years ended June 30, 2026 and 2025. Advisory engagements entered into after June 30, 2026 are described in Note 14, Subsequent events, and are not reflected in these financial statements.

Research and development Research and development costs are expensed as incurred under ASC 730-10-25-1. Costs paid directly by the Company to third-party vendors in connection with development of technology owned by Rift are the Company’s own costs and are not capitalized into the equity-method investment. Research and development expense was $38,815 and $0 for the years ended June 30, 2026 and 2025, respectively, and includes $<span id="xdx_90F_eus-gaap--ResearchAndDevelopmentExpense_c20250701__20260630__us-gaap--ShareBasedGoodsAndNonemployeeServicesTransactionBySupplierAxis__custom--VendorDevelopmentCostsMember_z0L5nae8oGUh" title="Research and development expense">38,815 of vendor development costs associated with Rift ($34,000 incurred in fiscal 2026 and a $4,815 immaterial correction of fiscal 2025 costs previously capitalized into the investment), see Note 6, Equity method investment.

38815

Net loss per share Basic net loss per share is computed by dividing net loss by the weighted-average number of common shares outstanding during the period, including shares that are issuable for no additional consideration when all conditions to issuance have been satisfied. Diluted net loss per share gives effect to all potentially dilutive common shares unless the effect would be anti-dilutive. Because the Company incurred a net loss in both periods presented, all potentially dilutive securities are excluded from diluted net loss per share. See Note 13, Earnings (loss) per share.

Income taxes Income taxes are accounted for under the asset and liability method in accordance with ASC 740. Deferred tax assets and liabilities are recognized for temporary differences and for operating loss and tax credit carryforwards and are measured using enacted tax rates. A valuation allowance is recorded when it is more likely than not that some or all of a deferred tax asset will not be realized. The Company recognizes the financial statement effects of an uncertain tax position only when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. See Note 12, Income taxes.

Segments The Company is managed on a consolidated basis as one operating segment and one reportable segment. The Company’s President serves as the chief operating decision maker (the “CODM”). The CODM reviews consolidated financial information for the Company as a whole. The Company’s planned private equity investment activities and its merchant banking and corporate advisory activities were development-stage activities during the periods presented and were not managed as separate components for which discrete financial information was regularly reviewed by the CODM. No operating segments have been aggregated. The Company had no revenue to disaggregate under ASC 280 or ASC 606 in either period presented. The measure of segment profit or loss regularly reviewed by the CODM is consolidated net loss, which is the measure of profit or loss reported in the statements of operations. The CODM uses that measure, together with consolidated total assets, to monitor operating spending against available liquidity and to determine the timing and amount of resources allocated to corporate costs, prospective advisory engagements and investment opportunities. Significant segment expenses regularly provided to the CODM, and the reconciliation of the reported segment measure to consolidated net loss, are as follows: <table cellpadding="0" cellspacing="0" id="xdx_895_eus-gaap--ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock_z1OoPdpf5lq" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Summary of significant accounting policies (Details - Reconciliation of segment)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Schedule of reconciliation of reported segment</td><td> </td> <td style="text-align: left"> </td><td id="xdx_49B_20250701__20260630__us-gaap--StatementBusinessSegmentsAxis__us-gaap--CorporateAndOtherMember_zalaRXJknK87" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49E_20240701__20250630__us-gaap--StatementBusinessSegmentsAxis__us-gaap--CorporateAndOtherMember_zEmYmWYSw6Gl" style="text-align: center"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Year ended June 30, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Year ended June 30, 2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_401_eus-gaap--Revenues_d0_z9mkDaKDAEue" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Revenue</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--CostsAndExpensesAbstract_iB_zcJ9xVOlTcOh" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Less significant segment expenses:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--GeneralAndAdministrativeExpense_z8lnmDfsDHkl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 66%; text-align: left; padding-left: 10pt">General and administrative</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 13%; text-align: right">85,014</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 13%; text-align: right">77,796</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--SellingAndMarketingExpense_d0_zlquTWMu1Sg2" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-left: 10pt">Sales and marketing</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,500</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--ManagementFeeExpense_d0_zea3qbm0n0c6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-left: 10pt">Management compensation</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,500</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--ProfessionalFees_zpzGXmxcoWPb" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-left: 10pt">Professional fees</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">540,330</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">189,373</td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--ResearchAndDevelopmentExpense_d0_zc5c8o2h9cmf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt; padding-left: 10pt">Research and development</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">38,815</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--CostsAndExpenses_z3rC9qdZKz27" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Total significant segment expenses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">667,659</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">270,669</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--SegmentReportingOtherItemAmount_zlLVg4BRogf7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Other segment items</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">94,766</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(252,658</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_401_eus-gaap--NetIncomeLoss_zj1je0DOkNIe" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left; padding-bottom: 2.5pt">Segment net loss (equals consolidated net loss)</td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">(572,893</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">(523,327</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left">)</td></tr> </table> Other segment items consist of interest income, related-party interest expense, accretion of the discount on the Convertible Note, the gain on the partial sale of the equity-method investment and the gain on settlement of debt. There are no differences between the measure of segment loss reviewed by the CODM and consolidated net loss before income taxes, and there were no reconciling items in either period presented. The CODM reviews consolidated total assets as the measure of segment assets; segment assets equal consolidated total assets of $2,264,170 and $57,917 as of June 30, 2026 and 2025, respectively, with no reconciling items.

<table cellpadding="0" cellspacing="0" id="xdx_895_eus-gaap--ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock_z1OoPdpf5lq" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Summary of significant accounting policies (Details - Reconciliation of segment)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Schedule of reconciliation of reported segment</td><td> </td> <td style="text-align: left"> </td><td id="xdx_49B_20250701__20260630__us-gaap--StatementBusinessSegmentsAxis__us-gaap--CorporateAndOtherMember_zalaRXJknK87" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49E_20240701__20250630__us-gaap--StatementBusinessSegmentsAxis__us-gaap--CorporateAndOtherMember_zEmYmWYSw6Gl" style="text-align: center"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Year ended June 30, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Year ended June 30, 2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_401_eus-gaap--Revenues_d0_z9mkDaKDAEue" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Revenue</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--CostsAndExpensesAbstract_iB_zcJ9xVOlTcOh" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Less significant segment expenses:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--GeneralAndAdministrativeExpense_z8lnmDfsDHkl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 66%; text-align: left; padding-left: 10pt">General and administrative</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 13%; text-align: right">85,014</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 13%; text-align: right">77,796</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--SellingAndMarketingExpense_d0_zlquTWMu1Sg2" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-left: 10pt">Sales and marketing</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,500</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--ManagementFeeExpense_d0_zea3qbm0n0c6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-left: 10pt">Management compensation</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,500</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--ProfessionalFees_zpzGXmxcoWPb" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-left: 10pt">Professional fees</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">540,330</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">189,373</td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--ResearchAndDevelopmentExpense_d0_zc5c8o2h9cmf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt; padding-left: 10pt">Research and development</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">38,815</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--CostsAndExpenses_z3rC9qdZKz27" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Total significant segment expenses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">667,659</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">270,669</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--SegmentReportingOtherItemAmount_zlLVg4BRogf7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Other segment items</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">94,766</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(252,658</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_401_eus-gaap--NetIncomeLoss_zj1je0DOkNIe" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left; padding-bottom: 2.5pt">Segment net loss (equals consolidated net loss)</td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">(572,893</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">(523,327</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left">)</td></tr> </table>

85014

77796

3500

540330

189373

38815

667659

270669

94766

-252658

-572893

-523327

2264170

57917

Concentration of risk The Company has no customers and has not commenced its planned principal operations. Liquidity during the year ended June 30, 2026 was provided principally by HH and Mr. Hall. Following the fourth-quarter transactions described in Notes 5, Loan payable due to Eagle, JV partner, 7, Debt, and 9, Stockholders’ equity, the Company has no outstanding indebtedness. HH beneficially owns approximately 91% of the outstanding common stock and can determine the outcome of all matters submitted to stockholders. Execution of the Company’s strategy depends on recruiting and retaining specialized personnel, developing advisory counterparties, obtaining any registrations required to conduct broker-dealer or investment advisory activities, and raising additional capital. The Company’s planned advisory and investment activities are concentrated in digital assets and other frontier verticals in financial services and technology. The loss or unavailability of those resources, or a material decline in activity in the targeted markets, could delay or prevent the commencement of principal operations. Management evaluates these concentrations at each reporting date.

Recently issued accounting pronouncements In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280) — Improvements to Reportable Segment Disclosures, which requires disclosure of significant segment expenses regularly provided to the chief operating decision maker, an amount for other segment items, and the measure of segment profit or loss used by the chief operating decision maker, including for entities with a single reportable segment. The Company adopted ASU 2023-07 for the year ended June 30, 2025. Adoption did not have a material effect on the Company’s financial position or results of operations, and the expanded disclosures required by the standard are included under “Segments” above. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which requires disaggregation of the effective tax rate reconciliation into specified categories presented in both percentages and dollar amounts, and disaggregation of income taxes paid by federal, state and foreign jurisdiction. ASU 2023-09 is effective for annual periods beginning after December 15, 2024 and was therefore adopted by the Company effective July 1, 2025 on a prospective basis. Because the Company records a full valuation allowance against its deferred tax assets and paid no income taxes in either period, the adoption did not have a material effect on the Company’s financial position or results of operations. The expanded disclosures required by the standard are included in Note 12, Income taxes. In November 2024, the FASB issued ASU 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses and in January 2025, the FASB issued ASU 2025-01, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Clarifying the Effective Date ("ASU 2025-01"). The ASU requires a public business entity to provide disaggregated disclosures of certain categories of expenses on an annual and interim basis including purchases of inventory, employee compensation, depreciation, and intangible asset amortization for each income statement line item that contains those expenses. ASU 2024-03, as clarified by ASU 2025-01 is effective for annual reporting periods beginning after December 15, 2026, and interim periods beginning after December 15, 2027, with prospective or retrospective application permitted. The Company is currently evaluating the impact of adopting ASU 2024-03 on its financial statements and related disclosures.

Note 3 – Prepaid expenses Prepaid expenses consisted of the following: <table cellpadding="0" cellspacing="0" id="xdx_899_eus-gaap--ScheduleOfOtherCurrentAssetsTableTextBlock_zihzQZMuO4Q3" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Prepaid expenses (Details - Prepaid expenses)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Schedule of prepaid expenses</td><td> </td> <td style="text-align: left"> </td><td id="xdx_49D_20260630_z6ZlP7gM9p33" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_499_20250630_zbbMVcG4hHk6" style="text-align: center"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">June 30, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">June 30, 2025</td></tr> <tr id="xdx_40C_eus-gaap--PrepaidInsurance_iI_d0_zuwXZ6cUNlr4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 68%; text-align: left">Directors’ and officers’ liability insurance</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">116,357</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">–</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--OtherPrepaidExpenseCurrent_iI_zcFHznbYpGof" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Prepaid transfer agent, filing agent, and listing fees</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">2,670</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">2,600</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--PrepaidExpenseCurrent_iI_ztoKzbrEaR71" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt; text-align: left">Total prepaid expenses</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">119,027</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">2,600</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

<table cellpadding="0" cellspacing="0" id="xdx_899_eus-gaap--ScheduleOfOtherCurrentAssetsTableTextBlock_zihzQZMuO4Q3" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Prepaid expenses (Details - Prepaid expenses)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Schedule of prepaid expenses</td><td> </td> <td style="text-align: left"> </td><td id="xdx_49D_20260630_z6ZlP7gM9p33" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_499_20250630_zbbMVcG4hHk6" style="text-align: center"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">June 30, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">June 30, 2025</td></tr> <tr id="xdx_40C_eus-gaap--PrepaidInsurance_iI_d0_zuwXZ6cUNlr4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 68%; text-align: left">Directors’ and officers’ liability insurance</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">116,357</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">–</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--OtherPrepaidExpenseCurrent_iI_zcFHznbYpGof" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Prepaid transfer agent, filing agent, and listing fees</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">2,670</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">2,600</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--PrepaidExpenseCurrent_iI_ztoKzbrEaR71" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt; text-align: left">Total prepaid expenses</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">119,027</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">2,600</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

116357

2670

2600

119027

2600

Note 4 – Liquidity Management evaluates, in accordance with ASC 205-40, whether conditions and events, considered in the aggregate, raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date the financial statements are issued. The evaluation period extends through twelve months after the date the financial statements included in this Annual Report on Form 10-K are issued. Conditions that previously existed In prior periods, including as of and for the year ended June 30, 2025, the Company disclosed that recurring losses from operations, an accumulated deficit, a total stockholders’ deficit and outstanding indebtedness to a related party and to its joint venture partner raised substantial doubt about the Company’s ability to continue as a going concern. As of June 30, 2025, the Company had cash of $502, total assets of $57,917 and total liabilities of $3,135,271, including a promissory note payable to a related party of $2,219,895 that had matured, accrued interest thereon of $311,550, and a loan payable to its joint venture partner of $442,251. The Company had a total stockholders’ deficit of $3,077,354 as of that date. Alleviating transactions During the fourth quarter of the year ended June 30, 2026, the Company completed a series of transactions that eliminated all of its outstanding indebtedness and substantially increased its cash position: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 2%"></td><td style="width: 2%">·</td><td style="text-align: justify; width: 96%">On April 1, 2026, the Company and Eagle entered into a Settlement and Release Agreement pursuant to which the Company paid $<span id="xdx_90D_eus-gaap--ExtinguishmentOfDebtAmount_c20260401__20260402__us-gaap--AwardTypeAxis__us-gaap--CommonStockMember__srt--CounterpartyNameAxis__custom--EagleJVPartnerMember_zd3boXYEvk18" title="Paid in cash">44,000 in cash, issued <span id="xdx_902_eus-gaap--SharesIssued_iI_c20260402__us-gaap--AwardTypeAxis__us-gaap--CommonStockMember__dei--LegalEntityAxis__custom--EagleEquitiesLLCMember_ztON8Qams3M2" title="Common stock shares issued">500,000 shares of common stock with a fair value of $<span id="xdx_903_eus-gaap--StockIssued1_c20260401__20260402__us-gaap--AwardTypeAxis__us-gaap--CommonStockMember__dei--LegalEntityAxis__custom--EagleEquitiesLLCMember_zFDp1LYNedP" title="Common stock shares issued, value">22,500, and derecognized the $442,251 Eagle Debt. See Note 5, Loan payable due to Eagle, JV partner.</td></tr> <tr style="vertical-align: top"> <td> </td><td> </td><td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td></td><td>·</td><td style="text-align: justify">On April 1, 2026, the Existing Hall Note, which had matured on December 31, 2025 and under which the Company was in technical default, was purchased by HH and was amended and restated into a non-interest-bearing Convertible Promissory Note in the principal amount of $2,767,756. On June 1, 2026, HH converted the entire outstanding principal amount of the Convertible Note into <span id="xdx_901_eus-gaap--StockIssuedDuringPeriodSharesConversionOfUnits_c20260601__20260602__us-gaap--AwardTypeAxis__us-gaap--CommonStockMember_zvRr55kN5zPg" title="Shares of common stock upon conversion convertible note">23,064,634 shares of common stock, extinguishing that obligation in full. See Note 7, Debt.</td></tr> <tr style="vertical-align: top"> <td> </td><td> </td><td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td></td><td>·</td><td style="text-align: justify">On April 1, 2026, the Company issued <span id="xdx_909_eus-gaap--SharesIssued_iI_c20260402__us-gaap--TypeOfArrangementAxis__custom--PurchaseAgreementMember__us-gaap--StatementClassOfStockAxis__custom--SeriesAConvertiblePreferredStockMember_zHMJnAvNrWj9" title="Shares issued">2,000 shares of Series A Convertible Preferred Stock for cash proceeds of $<span id="xdx_900_eus-gaap--ProceedsFromIssuanceOfCommonStock_c20260401__20260402__us-gaap--TypeOfArrangementAxis__custom--PurchaseAgreementMember__us-gaap--StatementClassOfStockAxis__custom--SeriesAConvertiblePreferredStockMember_z32NPCGsakea" title="Cash proceeds">200,000, all of which converted into common stock on June 3, 2026. See Note 9, Stockholders’ equity.</td></tr> <tr style="vertical-align: top"> <td> </td><td> </td><td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td></td><td>·</td><td style="text-align: justify">On June 3, 2026, the Company sold the HH Warrant to HH for aggregate cash proceeds of $<span id="xdx_902_eus-gaap--ProceedsFromIssuanceOfWarrants_c20260601__20260603__us-gaap--TransactionTypeAxis__custom--SubscriptionAgreementMember__us-gaap--ClassOfWarrantOrRightAxis__custom--HHWarrantMember_zXsYMQ8rwpk" title="Proceeds from sale of warrant">2,218,786. See Note 9, Stockholders’ equity.</td></tr></table> As a result of these transactions, the Company had no outstanding indebtedness as of June 30, 2026. Total liabilities as of June 30, 2026 were $272,782, consisting solely of accounts payable and accrued liabilities incurred in the ordinary course of business, none of which was past due as of that date or as of the date these financial statements were issued. As of June 30, 2026, the Company had cash of $2,105,343, prepaid expenses of $119,027 and total stockholders’ equity of $1,991,388, compared with a total stockholders’ deficit of $3,077,354 as of June 30, 2025. Position as of June 30, 2026 and management’s conclusion Management has evaluated whether conditions and events, considered in the aggregate, raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date these financial statements are issued. In connection with that evaluation, management prepared a cash flow projection covering the period from July 1, 2026 through December 31, 2027, which extends beyond one year after the date these financial statements were issued. The projection reflects the Company’s known and committed cash requirements, including settlement of the accounts payable outstanding as of June 30, 2026, the costs of completing the Company’s reporting obligations for the year ended June 30, 2026, and the recurring costs of maintaining the Company’s corporate existence and its status as a reporting company, which management estimates at approximately $125,000 per quarter. Under that projection, and under a downside scenario in which recurring and non-recurring costs are increased by 30% and no cost reductions are assumed, the Company’s existing cash is projected to be sufficient to fund its obligations as they become due throughout the evaluation period. In addition to the quarterly expenses described above, salaries will begin to accrue on September 1, 2026. Salaries are not payable in cash until the Company completes additional strategic fundraising. The projection reflects those salaries as accrued liabilities as they arise and reflects cash settlement only upon completion of a financing. The Company has no contractual obligation to pay the accrued amounts before that time, and the offer letters are terminable at will. The Company has no outstanding indebtedness, no debt maturities, no financial covenants and no capital commitments requiring the expenditure of cash during the evaluation period. The Company’s planned strategic initiatives, including the potential acquisition of a registered broker-dealer and any further investment in Rift, are discretionary, are not contractual obligations of the Company, and are within management’s control to defer or forgo without affecting the Company’s ability to meet its obligations as they become due. Based on the foregoing, management has concluded that the conditions and events that previously raised substantial doubt about the Company’s ability to continue as a going concern have been alleviated, and that no substantial doubt exists as of the date these financial statements are issued. The Company did not generate revenue during the years ended June 30, 2026 or 2025 and does not expect to generate revenue until it deploys capital in its intended lines of business. The Company expects that it will require additional capital in order to execute its business strategy at the scale contemplated by management, and there can be no assurance that such capital will be available on terms acceptable to the Company, or at all. That expectation relates to the growth and execution of the Company’s business plan and not to the Company’s ability to meet its obligations as they become due during the evaluation period.

502

57917

3135271

2219895

311550

442251

-3077354

44000

500000

22500

442251

2767756

23064634

2000

200000

2218786

272782

2105343

119027

1991388

-3077354

Note 5 – Loan payable due to Eagle – JV partner On July 17, 2020, the Company entered into a membership agreement with Eagle Equities LLC (“Eagle”) and Ikon Supplies to form HIE, LLC (“HIE”) for the purpose of procuring and selling personal protective equipment. The Company issued convertible promissory notes to Eagle to secure an origination loan and any additional contribution. In the event of a loss of capital, each party was obligated to contribute 33.3% of the loss. HIE has had no operating activities since July 2021. The carrying amount of the Company’s investment in HIE was $0 as of June 30, 2025 and immediately prior to the settlement described below. The loan payable to Eagle (the “Eagle Debt”) was $442,251 as of June 30, 2025 and was unchanged from fiscal 2021 until the settlement date. On March 27, 2026, the Company and Eagle entered into a Settlement Agreement and Release (the “Settlement Agreement”), which became effective upon delivery of an executed copy to counsel for the Company on April 1, 2026. Under the Settlement Agreement, the Company paid Eagle $44,000 in cash and issued 500,000 shares of common stock with a fair value of $22,500, measured using the $0.045 closing price of the Company’s common stock on the measurement date, in full satisfaction of the $442,251 Eagle Debt and in exchange for a mutual general release, including release of the Company’s membership interest in HIE and of the 33.3% loss-contribution obligation. The Eagle Debt balance was $0 as of June 30, 2026. The Company evaluated the settlement under ASC 470-60, Troubled Debt Restructurings by Debtors, and concluded that the settlement was a troubled debt restructuring. The Company was experiencing financial difficulty: it had defaulted on the obligation in 2021, had reported recurring losses and substantial doubt about its ability to continue as a going concern, and held $385 of cash as of March 31, 2026. Eagle accepted cash and equity with an aggregate fair value of $66,500 in satisfaction of a $442,251 obligation — approximately 15% of the amount owed — which is a concession Eagle would not otherwise have granted. The settlement was effected by a combination of a cash payment and the grant of an equity interest. The Company recognized a gain on settlement of debt of $375,751 during the year ended June 30, 2026, computed as follows: <table cellpadding="0" cellspacing="0" id="xdx_894_eus-gaap--ScheduleOfExtinguishmentOfDebtTextBlock_z6BNA0Uy6M87" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Loan payable due to Eagle - JV partner (Details - Gain on settlement of debt)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Schedule of gain on settlement of debt</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Amount</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 84%; text-align: left">Carrying amount of Eagle Debt extinguished</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_982_eus-gaap--LongTermNotesPayable_iI_c20260630__us-gaap--DebtInstrumentAxis__custom--EagleDebtMember_zGFkcM6KcDze" style="width: 13%; text-align: right" title="Carrying amount of Eagle Debt extinguished">442,251</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Cash paid</td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eus-gaap--RepaymentsOfNotesPayable_iN_di_c20250701__20260630__us-gaap--DebtInstrumentAxis__custom--EagleDebtMember_zWOgsiySve7" style="text-align: right" title="Cash paid">(44,000</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Fair value of 500,000 shares common stock issued</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_989_eus-gaap--DebtConversionConvertedInstrumentAmount1_iN_di_c20250701__20260630__us-gaap--DebtInstrumentAxis__custom--EagleDebtMember_zWL31RgQxEvk" style="border-bottom: Black 1pt solid; text-align: right" title="Fair value of 500,000 shares common stock issued">(22,500</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt; text-align: left">Gain on extinguishment of debt</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_983_eus-gaap--GainsLossesOnExtinguishmentOfDebt_c20250701__20260630_z2RniVL2Fbw3" style="border-bottom: Black 2.5pt double; text-align: right" title="Gain on extinguishment of debt">375,751</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> The gain is nonrecurring. Because the carrying amount of the HIE investment was $0, relinquishment of the membership interest had no additional effect on the financial statements. Eagle is not a related party of the Company under ASC 850. The settlement is therefore recognized in earnings under ASC 470-50-40. The mutual release extends to claims arising under the Membership Agreement and the operations of HIE. Accordingly, any contingent obligation of the Company to Eagle in respect of HIE was extinguished. See Note 11, Commitments and contingencies.

442251

44000

500000

22500

442251

385

66500

442251

375751

<table cellpadding="0" cellspacing="0" id="xdx_894_eus-gaap--ScheduleOfExtinguishmentOfDebtTextBlock_z6BNA0Uy6M87" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Loan payable due to Eagle - JV partner (Details - Gain on settlement of debt)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Schedule of gain on settlement of debt</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Amount</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 84%; text-align: left">Carrying amount of Eagle Debt extinguished</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_982_eus-gaap--LongTermNotesPayable_iI_c20260630__us-gaap--DebtInstrumentAxis__custom--EagleDebtMember_zGFkcM6KcDze" style="width: 13%; text-align: right" title="Carrying amount of Eagle Debt extinguished">442,251</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Cash paid</td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eus-gaap--RepaymentsOfNotesPayable_iN_di_c20250701__20260630__us-gaap--DebtInstrumentAxis__custom--EagleDebtMember_zWOgsiySve7" style="text-align: right" title="Cash paid">(44,000</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Fair value of 500,000 shares common stock issued</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_989_eus-gaap--DebtConversionConvertedInstrumentAmount1_iN_di_c20250701__20260630__us-gaap--DebtInstrumentAxis__custom--EagleDebtMember_zWL31RgQxEvk" style="border-bottom: Black 1pt solid; text-align: right" title="Fair value of 500,000 shares common stock issued">(22,500</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt; text-align: left">Gain on extinguishment of debt</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_983_eus-gaap--GainsLossesOnExtinguishmentOfDebt_c20250701__20260630_z2RniVL2Fbw3" style="border-bottom: Black 2.5pt double; text-align: right" title="Gain on extinguishment of debt">375,751</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

442251

44000

500000

22500

375751

Note 6 – Equity method investment On April 1, 2025 (articles of organization filed March 21, 2025), the Company, Christian Schjolberg and Peter Herzog formed Rift Cyber LLC, a Nevada member-managed limited liability company. Rift is treated as a partnership for federal income tax purposes and has a calendar fiscal year. Upon formation the Company held <span id="xdx_90A_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_dp_c20250401__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--RiftCyberLLCMember_zwa1ACPmKPsi" title="Equity method percentage">25% of Rift’s membership interests. The Company is named a managing member in the Articles of Organization. Under the Operating Agreement, all members have the right to participate in management and control, voting is proportional to ownership, significant actions require a majority of the membership interests, profits and losses are allocated in proportion to ownership, no member is required to make additional contributions, and assets on winding up are distributed in proportion to positive capital account balances. Rift holds the “Rythe Tech” / Rythe intellectual property assigned to it on April 1, 2025 by Jö & Fyse UG (an entity controlled by Christian Schjolberg) and Peter Herzog. As consideration for that assignment, the Company issued each assignor 250,000 shares of the Company’s common stock (500,000 shares in the aggregate) with a fair value of $50,000 ($0.10 per share, the quoted close on the measurement date). In substance the Company acquired the rights to the intellectual property from the assignors and contributed it to Rift. The shares were recorded as stock to be issued as of June 30, 2025 and were issued effective April 1, 2025, posted by the transfer agent on December 12, 2025. The Company holds no direct ownership of, and no license to, the Rythe Tech intellectual property. That intellectual property is owned by Rift. ASC 985-20 does not apply to the Company. Method of accounting Rift maintains specific ownership accounts. Under ASC 323-30-S99-1 the equity method applies to an interest in such an LLC unless the interest is so minor that the investor has virtually no influence, a threshold the SEC staff has framed at approximately <span id="xdx_908_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_dp_c20260630__srt--OwnershipAxis__custom--MethodOfAccountingMember__srt--RangeAxis__srt--MinimumMember_zZwBF2MVTejh" title="Ownership interest">3% to <span id="xdx_900_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_dp_c20260630__srt--OwnershipAxis__custom--MethodOfAccountingMember__srt--RangeAxis__srt--MaximumMember_zttlCkGhnV44" title="Ownership interest">5%. A <span id="xdx_901_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_dp_c20260630__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--MethodOfAccountingMember_zrgQKABQwv0k" title="Equity method percentage">19.9% interest is well above that threshold. Significant influence is further supported by the member-managed structure and the Company’s designation as a managing member. The equity method therefore applied throughout fiscal 2025 and fiscal 2026 and continues after the reduction to <span id="xdx_908_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_dp_c20260630__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--MethodOfAccountingMember_zvC7cT2uYRHg" title="Equity method percentage">19.9%. No equity in earnings or losses has been recognized in either period. Development of the technology was contracted for and paid by the Company directly; those costs were not incurred by Rift. Rift’s own activity has been limited to receiving the contributed intellectual property — a capital transaction producing neither income nor loss — and nominal formation and registered agent costs. Fiscal 2025 immaterial overstatement The investment was overstated by $4,815 as of June 30, 2025. That amount is 0.92% of the fiscal 2025 net loss, 8.3% of fiscal year 2025 total assets and 8.8% of the fiscal 2025 carrying amount of the investment. No SAB Topic 1.M qualitative factor is present. No restatement of the fiscal 2025 financial statements is required. The error was corrected in the current period in accordance with SEC Staff Accounting Bulletin Topic 1.M and Topic 1.N. An additional $10,000 of vendor development costs incurred in fiscal year 2026 was initially recorded and reported in the third quarter Form 10-Q but has been subsequently expensed as incurred. June 30, 2026 partial disposal On June 26, 2026, effective June 30, 2026, the Company sold a 5.1% membership interest in Rift (<span id="xdx_905_eus-gaap--DebtInstrumentInterestRateEffectivePercentage_iI_dp_c20260630__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--RoyPritchettJr.Member_zMm8QIbFdNFa" title="Interest rate">20.4% of the Company’s then-held interest) to Roy Pritchett, Jr. for cash proceeds of $<span id="xdx_909_eus-gaap--ProceedsFromSaleOfEquityMethodInvestments_c20250701__20260630__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--RoyPritchettJr.Member_zhD8SYFulOZ1" title="Cash proceeds">13,222. After the sale, the Company holds a <span id="xdx_901_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_dp_c20260630__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--PeterHerzogMember_z0YqOsX4kqr7" title="Equity method percentage"><span id="xdx_909_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_dp_c20260630__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--ChristianSchjolbergMember_zl2hvj3PgjO2" title="Equity method percentage"><span id="xdx_900_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_dp_c20260630__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--RoyPritchettJr.Member_za1ATJudLMe9" title="Equity method percentage">19.9% membership interest and the remaining membership interests are held by Peter Herzog, Christian Schjolberg, and Roy Pritchett, Jr. The consideration was set by reference to the Company’s recorded carrying amount rather than through a negotiation over Rift’s enterprise value and is not used as evidence of the fair value of the retained interest. The carrying amount of the investment is reconciled as follows: <table cellpadding="0" cellspacing="0" id="xdx_893_eus-gaap--EquityMethodInvestmentsTextBlock_zjWb3oqpRun8" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Equity method investment (Details - Carrying amount of investment)"> <tr style="vertical-align: bottom"> <td style="text-align: justify">Schedule of carrying amount of investment</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Year ended June 30, 2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Year ended June 30, 2025</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 68%; text-align: justify">Balance, beginning of year (as previously recorded)</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98F_eus-gaap--EquityMethodInvestments_iS_c20250701__20260630_zfb2mgcTIaO1" style="width: 13%; text-align: right" title="Equity method investment beginning balance">54,815</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_981_eus-gaap--EquityMethodInvestments_iS_d0_c20240701__20250630_zolrsaITsCV9" style="width: 13%; text-align: right" title="Equity method investment beginning balance">–</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Initial contribution — fair value of 500,000 shares</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_ecustom--InitialContributionFairValue_d0_c20250701__20260630_zN1rqcjYQFr5" style="text-align: right" title="Initial contribution fair value">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_ecustom--InitialContributionFairValue_c20240701__20250630_zL9UmptKuHE2" style="text-align: right" title="Initial contribution fair value">50,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Vendor development costs capitalized in error</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eus-gaap--DevelopmentCosts_d0_c20250701__20260630_zhOtVBiy38Xc" style="text-align: right" title="Vendor development costs capitalized in error">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eus-gaap--DevelopmentCosts_c20240701__20250630_zMHHY8Wc0VQf" style="text-align: right" title="Vendor development costs capitalized in error">4,815</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Correction of fiscal 2025 overstatement (current-period expense)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eus-gaap--OtherNonoperatingIncomeExpense_c20250701__20260630_zldjKBLiqlfh" style="text-align: right" title="Correction of fiscal 2025 overstatement (current-period expense)">(4,815</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eus-gaap--OtherNonoperatingIncomeExpense_d0_c20240701__20250630_zEvXwTbyUf3l" style="text-align: right" title="Correction of fiscal 2025 overstatement (current-period expense)">–</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Equity in earnings (losses) of Rift</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--EquityMethodInvestmentOtherThanTemporaryImpairment_d0_c20250701__20260630_zkmNbvYKyMHj" style="text-align: right" title="Equity in earnings (losses) of Rift">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eus-gaap--EquityMethodInvestmentOtherThanTemporaryImpairment_d0_c20240701__20250630_zb2rN1vI6c92" style="text-align: right" title="Equity in earnings (losses) of Rift">–</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; text-align: justify">Carrying amount of 5.1% interest sold</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_988_eus-gaap--EquityMethodInvestmentSoldCarryingAmount_iN_di_c20250701__20260630_zHEKMf0L9P38" style="border-bottom: Black 1pt solid; text-align: right" title="Carrying amount of interest sold">(10,200</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_985_eus-gaap--EquityMethodInvestmentSoldCarryingAmount_iN_di0_c20240701__20250630_zpwaMbtRt2rg" style="border-bottom: Black 1pt solid; text-align: right" title="Carrying amount of interest sold">–</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt; text-align: justify">Balance, end of year</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_984_eus-gaap--EquityMethodInvestments_iE_c20250701__20260630_zQmJy2xYTMQj" style="border-bottom: Black 2.5pt double; text-align: right" title="Equity method investment ending balance">39,800</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_983_eus-gaap--EquityMethodInvestments_iE_c20240701__20250630_zFlf5Oc1Qdv5" style="border-bottom: Black 2.5pt double; text-align: right" title="Equity method investment ending balance">54,815</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> Cash proceeds of $13,222 less the $10,200 carrying amount derecognized produced a gain on sale of membership interest of $3,022. During the preparation of the fiscal 2026 financial statements, the Company identified $4,815 of third-party development costs incurred during fiscal 2025 that had previously been included in the carrying amount of the Rift investment. Because the underlying technology is owned by Rift and the Company had no obligation to fund its development, the costs should have been expensed as incurred. The Company recorded the $4,815 correction in research and development expense during fiscal 2026 and reduced the carrying amount of the Rift investment by the same amount. Management evaluated the effect of the error on the previously issued fiscal 2025 financial statements and the effect of correcting the error in fiscal 2026 and fiscal 2025 and concluded that the error was not material to either period. The correction had no effect on cash flows or total liabilities. Variable interest entity Rift is a VIE. Aggregate equity investment at risk is $1 under Operating Agreement, which is insufficient to permit Rift to finance its activities without additional subordinated financial support (ASC 810-10-15-14(a)). The equity holders as a group possess the power to direct the significant activities and bear losses and returns proportionally, and voting rights are proportional to economic interests. The Company is not the primary beneficiary. The activities that most significantly impact Rift’s economic performance — development funding, commercialization, significant contracts and financing — require approval of a majority of the membership interests. Messrs. Herzog and Schjolberg hold 75% collectively both before and after the disposal and can carry every majority decision without the Company. At <span id="xdx_908_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_dp_c20260630__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--RiftMember__srt--RangeAxis__srt--MinimumMember_zQB4FoC5sQV1" title="Equity method percentage">25% and at <span id="xdx_907_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_dp_c20260630__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--RiftMember__srt--RangeAxis__srt--MaximumMember_z8jBdWmkw8hl" title="Equity method percentage">19.9%, the Company has never had the unilateral ability to direct those activities. Unanimity requirements over amendments, admission of members, additional contributions and tax elections are protective rights under ASC 810-10-25-38C and do not confer power. No side agreements, voting arrangements or de facto agency relationships have been identified. Rift is therefore not consolidated. Summarized financial information of Rift is omitted because the investment is not material to the Company’s financial statements. Rift had no revenue in either period presented. The Company’s maximum exposure to loss equals the carrying amount of $39,800 at June 30, 2026. Disclosures required by ASC 810-10-50-4 for an unconsolidated VIE: <table cellpadding="0" cellspacing="0" id="xdx_896_eus-gaap--ScheduleOfVariableInterestEntitiesTextBlock_zCxS1eRg4a76" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Equity method investment (Details - Unconsolidated VIE)"> <tr style="vertical-align: bottom"> <td style="text-align: left">Schedule of unconsolidated VIE</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">June 30,</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">June 30,</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; vertical-align: bottom">Nature of involvement</td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"><span id="xdx_90E_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_dp_c20260630__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--NatureOfInvolvementMember_zWwIXQ683oXl" title="Equity method percentage">19.9% member interest</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"><span id="xdx_907_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_dp_c20250630__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--NatureOfInvolvementMember_zhkwG0JBaIT2" title="Equity method percentage">25.0% membership interest</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 62%; text-align: left; padding-bottom: 1pt">Carrying amount of assets relating to the VIE</td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td id="xdx_980_ecustom--VariableInterestEntityCarryingAmountOfAssets_iI_c20260630_zvMjbFzzjThd" style="border-bottom: Black 1pt solid; width: 15%; text-align: right" title="Carrying amount of assets relating to the VIE">39,800</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td id="xdx_988_ecustom--VariableInterestEntityCarryingAmountOfAssets_iI_c20250630_ziwgZo1SDbKd" style="border-bottom: Black 1pt solid; width: 15%; text-align: right" title="Carrying amount of assets relating to the VIE">54,815</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Related liabilities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98A_ecustom--VariableInterestEntityCarryingAmountOfLiabilities_iI_d0_c20260630_zUpS7KIItGJb" style="border-bottom: Black 1pt solid; text-align: right" title="Related liabilities">–</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_987_ecustom--VariableInterestEntityCarryingAmountOfLiabilities_iI_d0_c20250630_z2rhgsJZd4w" style="border-bottom: Black 1pt solid; text-align: right" title="Related liabilities">–</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Maximum exposure to loss</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98E_eus-gaap--VariableInterestEntityPrimaryBeneficiaryMaximumLossExposureAmount_iI_c20260630_zdHbzUcdHWal" style="border-bottom: Black 2.5pt double; text-align: right" title="Maximum exposure to loss">39,800</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98B_eus-gaap--VariableInterestEntityPrimaryBeneficiaryMaximumLossExposureAmount_iI_c20250630_zCYDzh2uLor8" style="border-bottom: Black 2.5pt double; text-align: right" title="Maximum exposure to loss">54,815</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> Maximum exposure to loss equals the carrying amount of the investment. The Company has no funding obligation and has given no guarantees. Impairment The investment was evaluated for other-than-temporary impairment under ASC 323-10-35-31 through 35-32. Rift’s asset is contributed intellectual property. Management believes that the technology is feasible and ready for market and that commercialization requires approximately $100,000 of further investment together with a deployment partner, neither of which was secured as of June 30, 2026. The Company has no obligation and has not stated an intention to fund further development. The carrying amount of $39,800 is <span id="xdx_908_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_dp_c20260630__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--RiftMember_zp9axW1RWffb" title="Equity method percentage">79.6% of the $50,000 ascribed to the intellectual property on assignment. <span id="xdx_901_eus-gaap--EquityMethodInvestmentOtherThanTemporaryImpairment_do_c20250701__20260630__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--RiftMember_zubZbIEZLwgb" title="Investment other-than-temporary impairment">No other-than-temporary impairment exists as of June 30, 2026. The assessment is repeated each reporting period. The carrying amount of the investment depends on Rift obtaining the further funding and the deployment partner described above and on successful commercialization of the Rythe Tech intellectual property. Neither condition had been satisfied as of June 30, 2026. It is at least reasonably possible that the Company’s impairment estimate will change in the near term, and an adverse change could result in an impairment charge of up to the $39,800 carrying amount of the investment. The Company’s maximum exposure to loss is limited to that carrying amount. Related-party status Because the equity method applies, Rift is a related party under ASC 850-10-20 throughout the periods presented and continues to be a related party after June 30, 2026. Messrs. Herzog and Schjolberg are members of Rift and were the assignors of the intellectual property. The Company intends to engage Mr. Herzog to manage continued development of Rift Tech. As of September 8, 2026, no employment, consulting or other agreement has been entered into and no compensation has been agreed or paid.

0.25

250000

500000

50000

0.10

0.03

0.05

0.199

4815

That amount is 0.92% of the fiscal 2025 net loss, 8.3% of fiscal year 2025 total assets and 8.8% of the fiscal 2025 carrying amount of the investment.

10000

0.051

0.204

13222

0.199

<table cellpadding="0" cellspacing="0" id="xdx_893_eus-gaap--EquityMethodInvestmentsTextBlock_zjWb3oqpRun8" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Equity method investment (Details - Carrying amount of investment)"> <tr style="vertical-align: bottom"> <td style="text-align: justify">Schedule of carrying amount of investment</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Year ended June 30, 2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Year ended June 30, 2025</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 68%; text-align: justify">Balance, beginning of year (as previously recorded)</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98F_eus-gaap--EquityMethodInvestments_iS_c20250701__20260630_zfb2mgcTIaO1" style="width: 13%; text-align: right" title="Equity method investment beginning balance">54,815</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_981_eus-gaap--EquityMethodInvestments_iS_d0_c20240701__20250630_zolrsaITsCV9" style="width: 13%; text-align: right" title="Equity method investment beginning balance">–</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Initial contribution — fair value of 500,000 shares</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_ecustom--InitialContributionFairValue_d0_c20250701__20260630_zN1rqcjYQFr5" style="text-align: right" title="Initial contribution fair value">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_ecustom--InitialContributionFairValue_c20240701__20250630_zL9UmptKuHE2" style="text-align: right" title="Initial contribution fair value">50,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Vendor development costs capitalized in error</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eus-gaap--DevelopmentCosts_d0_c20250701__20260630_zhOtVBiy38Xc" style="text-align: right" title="Vendor development costs capitalized in error">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eus-gaap--DevelopmentCosts_c20240701__20250630_zMHHY8Wc0VQf" style="text-align: right" title="Vendor development costs capitalized in error">4,815</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Correction of fiscal 2025 overstatement (current-period expense)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eus-gaap--OtherNonoperatingIncomeExpense_c20250701__20260630_zldjKBLiqlfh" style="text-align: right" title="Correction of fiscal 2025 overstatement (current-period expense)">(4,815</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eus-gaap--OtherNonoperatingIncomeExpense_d0_c20240701__20250630_zEvXwTbyUf3l" style="text-align: right" title="Correction of fiscal 2025 overstatement (current-period expense)">–</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Equity in earnings (losses) of Rift</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--EquityMethodInvestmentOtherThanTemporaryImpairment_d0_c20250701__20260630_zkmNbvYKyMHj" style="text-align: right" title="Equity in earnings (losses) of Rift">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eus-gaap--EquityMethodInvestmentOtherThanTemporaryImpairment_d0_c20240701__20250630_zb2rN1vI6c92" style="text-align: right" title="Equity in earnings (losses) of Rift">–</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; text-align: justify">Carrying amount of 5.1% interest sold</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_988_eus-gaap--EquityMethodInvestmentSoldCarryingAmount_iN_di_c20250701__20260630_zHEKMf0L9P38" style="border-bottom: Black 1pt solid; text-align: right" title="Carrying amount of interest sold">(10,200</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_985_eus-gaap--EquityMethodInvestmentSoldCarryingAmount_iN_di0_c20240701__20250630_zpwaMbtRt2rg" style="border-bottom: Black 1pt solid; text-align: right" title="Carrying amount of interest sold">–</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt; text-align: justify">Balance, end of year</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_984_eus-gaap--EquityMethodInvestments_iE_c20250701__20260630_zQmJy2xYTMQj" style="border-bottom: Black 2.5pt double; text-align: right" title="Equity method investment ending balance">39,800</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_983_eus-gaap--EquityMethodInvestments_iE_c20240701__20250630_zFlf5Oc1Qdv5" style="border-bottom: Black 2.5pt double; text-align: right" title="Equity method investment ending balance">54,815</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

54815

500000

0 50000

4815

-4815

0.051

10200

-0

39800

54815

13222

10200

3022

4815

0.75

0.25

0.199

39800

<table cellpadding="0" cellspacing="0" id="xdx_896_eus-gaap--ScheduleOfVariableInterestEntitiesTextBlock_zCxS1eRg4a76" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Equity method investment (Details - Unconsolidated VIE)"> <tr style="vertical-align: bottom"> <td style="text-align: left">Schedule of unconsolidated VIE</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">June 30,</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">June 30,</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; vertical-align: bottom">Nature of involvement</td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"><span id="xdx_90E_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_dp_c20260630__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--NatureOfInvolvementMember_zWwIXQ683oXl" title="Equity method percentage">19.9% member interest</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"><span id="xdx_907_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_dp_c20250630__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--NatureOfInvolvementMember_zhkwG0JBaIT2" title="Equity method percentage">25.0% membership interest</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 62%; text-align: left; padding-bottom: 1pt">Carrying amount of assets relating to the VIE</td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td id="xdx_980_ecustom--VariableInterestEntityCarryingAmountOfAssets_iI_c20260630_zvMjbFzzjThd" style="border-bottom: Black 1pt solid; width: 15%; text-align: right" title="Carrying amount of assets relating to the VIE">39,800</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td id="xdx_988_ecustom--VariableInterestEntityCarryingAmountOfAssets_iI_c20250630_ziwgZo1SDbKd" style="border-bottom: Black 1pt solid; width: 15%; text-align: right" title="Carrying amount of assets relating to the VIE">54,815</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Related liabilities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98A_ecustom--VariableInterestEntityCarryingAmountOfLiabilities_iI_d0_c20260630_zUpS7KIItGJb" style="border-bottom: Black 1pt solid; text-align: right" title="Related liabilities">–</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_987_ecustom--VariableInterestEntityCarryingAmountOfLiabilities_iI_d0_c20250630_z2rhgsJZd4w" style="border-bottom: Black 1pt solid; text-align: right" title="Related liabilities">–</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Maximum exposure to loss</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98E_eus-gaap--VariableInterestEntityPrimaryBeneficiaryMaximumLossExposureAmount_iI_c20260630_zdHbzUcdHWal" style="border-bottom: Black 2.5pt double; text-align: right" title="Maximum exposure to loss">39,800</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98B_eus-gaap--VariableInterestEntityPrimaryBeneficiaryMaximumLossExposureAmount_iI_c20250630_zCYDzh2uLor8" style="border-bottom: Black 2.5pt double; text-align: right" title="Maximum exposure to loss">54,815</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

0.199

0.250

39800 54815 0 0

39800

54815

39800

0.796

39800

Note 7 – Debt Existing Hall Note Prior to April 1, 2026 the Company was party to a related-party promissory note payable to Steve Hall that originated in a Debt Consolidation Agreement effective April 1, 2024 (the “Existing Hall Note”). The Existing Hall Note bore interest at 12% per annum and matured on December 31, 2025. As of June 30, 2025 the Existing Hall Note had a principal balance of $2,219,895 and accrued interest of $311,550. During the year ended June 30, 2026, before the April 1 exchange, the Company received funding from Mr. Hall totaling $125,831. Of that amount, $98,368 was advanced under the Existing Hall Note, consisting of $20,000 of cash advances and $78,368 of Company expenses and payables paid directly by Mr. Hall. The remaining $27,463 was received in cash between January 1, 2026 and February 19, 2026, after the maturity of the Existing Hall Note, and was recorded in accounts payable and accrued liabilities – related party rather than as an advance under the note. The Company recognized related-party interest expense of $206,540 on the Existing Hall Note during the year. On the December 31, 2025 maturity date the outstanding balance of the Existing Hall Note was $2,767,756, comprising principal of $<span id="xdx_908_eus-gaap--NotesPayable_iI_c20251231__us-gaap--LongtermDebtTypeAxis__custom--ExistingHallNoteMember__us-gaap--TransactionTypeAxis__custom--PrincipalAmountMember_zzHFlAMDEOoj" title="Note payable">2,318,263 and accrued interest of $<span id="xdx_909_eus-gaap--NotesPayable_iI_c20251231__us-gaap--LongtermDebtTypeAxis__custom--ExistingHallNoteMember__us-gaap--TransactionTypeAxis__custom--AccruedInterestMember_z9NgEt7kZz73" title="Note payable">449,493. The note remained outstanding after maturity until it was exchanged on April 1, 2026. Accrued interest of $68,595 that arose after December 31, 2025 was forfeited by Mr. Hall and credited to additional paid-in capital. Note purchase agreement and issuance of the convertible note On April 1, 2026, the Company, HH, and Mr. Hall entered into a Note Purchase Agreement under which HH purchased the Existing Hall Note previously issued by the Company to Mr. Hall. The Existing Hall Note was amended and restated, and the Company issued to HH a non-interest-bearing Convertible Promissory Note with a principal amount of $<span id="xdx_90E_eus-gaap--DebtInstrumentFaceAmount_iI_c20260402__us-gaap--LongtermDebtTypeAxis__custom--ExistingHallNoteMember__us-gaap--DebtInstrumentAxis__custom--ConvertibleNoteMember_zFCtHaodeO5j" title="Principal amount">2,767,756 (the “Convertible Note”). The Convertible Note would have matured on <span id="xdx_90C_eus-gaap--DebtInstrumentMaturityDate_dd_c20260330__20260402__us-gaap--LongtermDebtTypeAxis__custom--ExistingHallNoteMember__us-gaap--DebtInstrumentAxis__custom--ConvertibleNoteMember_zN49AXraYBr" title="Maturity date">April 1, 2028 unless converted or repaid earlier. The Convertible Note was convertible at the holder’s option at any time before repayment into shares of the Company’s common stock at an initial conversion price of $<span id="xdx_90A_eus-gaap--DebtInstrumentConvertibleConversionPrice1_iI_c20260402__us-gaap--LongtermDebtTypeAxis__custom--ExistingHallNoteMember__us-gaap--DebtInstrumentAxis__custom--ConvertibleNoteMember_zhkvRo67VcLg" title="Conversion price">0.12 per share. The conversion price was subject to customary structural anti-dilution adjustments and full-ratchet adjustment if the Company issued common stock or convertible securities below the then-current conversion price. The holder also had the right to demand prepayment upon certain reorganizations, mergers, consolidations or sales of substantially all of the Company’s assets. The Company accounted for the April 1, 2026 issuance as an extinguishment of the Existing Hall Note and initially recognized the Convertible Note at its estimated fair value of $<span id="xdx_903_eus-gaap--LiabilitiesFairValueDisclosure_iI_c20260402__us-gaap--LongtermDebtTypeAxis__custom--ExistingHallNoteMember__us-gaap--DebtInstrumentAxis__custom--ConvertibleNoteMember_zAtuvnFzJZsh" title="Estimated fair value">1,379,432. The note was accounted for as a single debt instrument, and its conversion feature was not separately accounted for as a derivative. The difference between the $<span id="xdx_905_eus-gaap--DebtInstrumentFaceAmount_iI_c20260630__us-gaap--LongtermDebtTypeAxis__custom--ExistingHallNoteMember__us-gaap--DebtInstrumentAxis__custom--ConvertibleNoteMember_zO8pnMPo99m2" title="Principal amount">2,767,756 principal amount and the $<span id="xdx_90E_eus-gaap--DebtInstrumentCarryingAmount_iI_c20260630__us-gaap--LongtermDebtTypeAxis__custom--ExistingHallNoteMember__us-gaap--DebtInstrumentAxis__custom--ConvertibleNoteMember_zFB3PU4giXx9" title="Initial carrying amount">1,379,432 initial carrying amount was recorded as a debt discount of $<span id="xdx_906_eus-gaap--DebtInstrumentUnamortizedDiscount_iI_c20260630__us-gaap--LongtermDebtTypeAxis__custom--ExistingHallNoteMember__us-gaap--DebtInstrumentAxis__custom--ConvertibleNoteMember_zqHSUIKy2U6f" title="Debt discount">1,388,324. The debt discount was accreted to interest expense using the effective-interest method. The resulting effective interest rate was approximately <span id="xdx_900_eus-gaap--DebtInstrumentInterestRateEffectivePercentage_iI_dp_c20260630__us-gaap--LongtermDebtTypeAxis__custom--ExistingHallNoteMember__us-gaap--DebtInstrumentAxis__custom--ConvertibleNoteMember_zJh9MRAMfixl" title="Effective interest rate">41.6%. The following table summarizes the initial recognition of the Convertible Note: <table cellpadding="0" cellspacing="0" id="xdx_896_eus-gaap--ConvertibleDebtTableTextBlock_zx6uwXCBoQN6" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Debt (Details - Initial recognition of convertible note)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Schedule of initial recognition of the convertible note</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">Convertible Note activity</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Principal</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Debt discount</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Net carrying amount</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 55%">Balance as of April 1, 2026, upon issuance</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_981_eus-gaap--DebtInstrumentFaceAmount_iS_c20260401__20260630__us-gaap--DebtInstrumentAxis__custom--ConvertibleNoteActivityMember_zaf5wVI5myeg" style="width: 11%; text-align: right" title="Principal beginning balance">2,767,756</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_987_eus-gaap--DebtInstrumentUnamortizedDiscountCurrent_iS_di_c20260401__20260630__us-gaap--DebtInstrumentAxis__custom--ConvertibleNoteActivityMember_z5cWDpkms9Zd" style="width: 11%; text-align: right" title="Debt discount beginning balance">(1,388,324</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_983_eus-gaap--DebtInstrumentCarryingAmount_iS_c20260401__20260630__us-gaap--DebtInstrumentAxis__custom--ConvertibleNoteActivityMember_zWOhDWY0Ai93" style="width: 11%; text-align: right" title="Net carrying amount beginning balance">1,379,432</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Accretion of debt discount</td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_ecustom--DebtInstrumentPrincipalAccretionOfDebtDiscount_d0_c20260401__20260630__us-gaap--DebtInstrumentAxis__custom--ConvertibleNoteActivityMember_zs7lj2O6Dvof" style="text-align: right" title="Accretion of debt discount, Principal">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_ecustom--DebtInstrumentAccretionOfDebtDiscount_c20260401__20260630__us-gaap--DebtInstrumentAxis__custom--ConvertibleNoteActivityMember_zfmxraFS38Vj" style="text-align: right" title="Accretion of debt discount, Debt discount">82,534</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_ecustom--DebtInstrumentAccretionOfDebtDiscountNetCarryingAmount_c20260401__20260630__us-gaap--DebtInstrumentAxis__custom--ConvertibleNoteActivityMember_zOe74PKRdkp2" style="text-align: right" title="Accretion of debt discount, Net carrying amount">82,534</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Balance immediately before conversion</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_ecustom--DebtInstrumentPrincipalBalanceImmediatelyBeforeConversion_c20260401__20260630_zVmlf84hVJJj" style="text-align: right" title="Balance immediately before conversion, Principal">2,767,756</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_ecustom--DebtInstrumentBalanceImmediatelyBeforeConversionDebtDiscountCurrent_di_c20260401__20260630__us-gaap--DebtInstrumentAxis__custom--ConvertibleNoteActivityMember_zkyDSTpef6Q6" style="text-align: right" title="Balance immediately before conversion, Debt discount">(1,305,790</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_ecustom--DebtInstrumentBalanceImmediatelyBeforeConversionNetCarryingAmount_c20260401__20260630__us-gaap--DebtInstrumentAxis__custom--ConvertibleNoteActivityMember_z1UEmojW94Te" style="text-align: right" title="Balance immediately before conversion, Net carrying amount">1,461,966</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Conversion into common stock</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_986_ecustom--DebtInstrumentPrincipalConversionIntoCommonStock_di_c20260401__20260630__us-gaap--DebtInstrumentAxis__custom--ConvertibleNoteActivityMember_zmVJFo3ROxT8" style="border-bottom: Black 1pt solid; text-align: right" title="Conversion into common stock, Principal">(2,767,756</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_988_ecustom--DebtInstrumentConversionIntoCommonStockDebtDiscountCurrent_c20260401__20260630__us-gaap--DebtInstrumentAxis__custom--ConvertibleNoteActivityMember_zcqQVNXa3r0l" style="border-bottom: Black 1pt solid; text-align: right" title="Conversion into common stock, Debt discount">1,305,790</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_984_ecustom--DebtInstrumentConversionIntoCommonStockNetCarryingAmount_di_c20260401__20260630__us-gaap--DebtInstrumentAxis__custom--ConvertibleNoteActivityMember_zShKj1ws7wze" style="border-bottom: Black 1pt solid; text-align: right" title="Conversion into common stock, Net carrying amount">(1,461,966</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt">Balance as of June 30, 2026</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98F_eus-gaap--DebtInstrumentFaceAmount_iE_d0_c20260401__20260630__us-gaap--DebtInstrumentAxis__custom--ConvertibleNoteActivityMember_zqoYdaRBhLCk" style="border-bottom: Black 2.5pt double; text-align: right" title="Principal ending balance">–</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98E_eus-gaap--DebtInstrumentUnamortizedDiscountCurrent_iE_d0_c20260401__20260630__us-gaap--DebtInstrumentAxis__custom--ConvertibleNoteActivityMember_zn9VAUCxNHAe" style="border-bottom: Black 2.5pt double; text-align: right" title="Debt discount ending balance">–</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_981_eus-gaap--DebtInstrumentCarryingAmount_iE_d0_c20260401__20260630__us-gaap--DebtInstrumentAxis__custom--ConvertibleNoteActivityMember_zZfMqsPYLxr6" style="border-bottom: Black 2.5pt double; text-align: right" title="Net carrying amount ending balance">–</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> On June 1, 2026, HH converted the full $2,767,756 principal amount into 23,064,634 shares of the Company’s common stock at the contractual conversion price of $0.12 per share. The net carrying amount immediately before conversion was $<span id="xdx_902_ecustom--DebtInstrumentBalanceImmediatelyBeforeConversionNetCarryingAmount_c20260530__20260602__dei--LegalEntityAxis__custom--HawkeyeHoldcoLLCMember_zniBtbNR8oSa" title="Net carrying amount">1,461,966, consisting of the initial carrying amount of $1,379,432 and $82,534 of debt discount accretion. The Company reclassified the net carrying amount to common stock and additional paid-in capital and recognized no gain or loss on conversion. No amount remained outstanding as of June 30, 2026. See Note 10, Fair value measurements, for the nonrecurring Level 3 measurement performed on April 1, 2026. See Note 13, Earnings (loss) per share, for the treatment of the conversion shares in the weighted-average share calculation.

0.12

2025-12-31

2219895

311550

125831

98368

20000

78368

27463

206540

2767756

2318263

449493

68595

2767756

2028-04-01

0.12

1379432

2767756

1379432

1388324

0.416

<table cellpadding="0" cellspacing="0" id="xdx_896_eus-gaap--ConvertibleDebtTableTextBlock_zx6uwXCBoQN6" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Debt (Details - Initial recognition of convertible note)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Schedule of initial recognition of the convertible note</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">Convertible Note activity</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Principal</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Debt discount</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Net carrying amount</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 55%">Balance as of April 1, 2026, upon issuance</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_981_eus-gaap--DebtInstrumentFaceAmount_iS_c20260401__20260630__us-gaap--DebtInstrumentAxis__custom--ConvertibleNoteActivityMember_zaf5wVI5myeg" style="width: 11%; text-align: right" title="Principal beginning balance">2,767,756</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_987_eus-gaap--DebtInstrumentUnamortizedDiscountCurrent_iS_di_c20260401__20260630__us-gaap--DebtInstrumentAxis__custom--ConvertibleNoteActivityMember_z5cWDpkms9Zd" style="width: 11%; text-align: right" title="Debt discount beginning balance">(1,388,324</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_983_eus-gaap--DebtInstrumentCarryingAmount_iS_c20260401__20260630__us-gaap--DebtInstrumentAxis__custom--ConvertibleNoteActivityMember_zWOhDWY0Ai93" style="width: 11%; text-align: right" title="Net carrying amount beginning balance">1,379,432</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Accretion of debt discount</td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_ecustom--DebtInstrumentPrincipalAccretionOfDebtDiscount_d0_c20260401__20260630__us-gaap--DebtInstrumentAxis__custom--ConvertibleNoteActivityMember_zs7lj2O6Dvof" style="text-align: right" title="Accretion of debt discount, Principal">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_ecustom--DebtInstrumentAccretionOfDebtDiscount_c20260401__20260630__us-gaap--DebtInstrumentAxis__custom--ConvertibleNoteActivityMember_zfmxraFS38Vj" style="text-align: right" title="Accretion of debt discount, Debt discount">82,534</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_ecustom--DebtInstrumentAccretionOfDebtDiscountNetCarryingAmount_c20260401__20260630__us-gaap--DebtInstrumentAxis__custom--ConvertibleNoteActivityMember_zOe74PKRdkp2" style="text-align: right" title="Accretion of debt discount, Net carrying amount">82,534</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Balance immediately before conversion</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_ecustom--DebtInstrumentPrincipalBalanceImmediatelyBeforeConversion_c20260401__20260630_zVmlf84hVJJj" style="text-align: right" title="Balance immediately before conversion, Principal">2,767,756</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_ecustom--DebtInstrumentBalanceImmediatelyBeforeConversionDebtDiscountCurrent_di_c20260401__20260630__us-gaap--DebtInstrumentAxis__custom--ConvertibleNoteActivityMember_zkyDSTpef6Q6" style="text-align: right" title="Balance immediately before conversion, Debt discount">(1,305,790</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_ecustom--DebtInstrumentBalanceImmediatelyBeforeConversionNetCarryingAmount_c20260401__20260630__us-gaap--DebtInstrumentAxis__custom--ConvertibleNoteActivityMember_z1UEmojW94Te" style="text-align: right" title="Balance immediately before conversion, Net carrying amount">1,461,966</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Conversion into common stock</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_986_ecustom--DebtInstrumentPrincipalConversionIntoCommonStock_di_c20260401__20260630__us-gaap--DebtInstrumentAxis__custom--ConvertibleNoteActivityMember_zmVJFo3ROxT8" style="border-bottom: Black 1pt solid; text-align: right" title="Conversion into common stock, Principal">(2,767,756</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_988_ecustom--DebtInstrumentConversionIntoCommonStockDebtDiscountCurrent_c20260401__20260630__us-gaap--DebtInstrumentAxis__custom--ConvertibleNoteActivityMember_zcqQVNXa3r0l" style="border-bottom: Black 1pt solid; text-align: right" title="Conversion into common stock, Debt discount">1,305,790</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_984_ecustom--DebtInstrumentConversionIntoCommonStockNetCarryingAmount_di_c20260401__20260630__us-gaap--DebtInstrumentAxis__custom--ConvertibleNoteActivityMember_zShKj1ws7wze" style="border-bottom: Black 1pt solid; text-align: right" title="Conversion into common stock, Net carrying amount">(1,461,966</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt">Balance as of June 30, 2026</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98F_eus-gaap--DebtInstrumentFaceAmount_iE_d0_c20260401__20260630__us-gaap--DebtInstrumentAxis__custom--ConvertibleNoteActivityMember_zqoYdaRBhLCk" style="border-bottom: Black 2.5pt double; text-align: right" title="Principal ending balance">–</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98E_eus-gaap--DebtInstrumentUnamortizedDiscountCurrent_iE_d0_c20260401__20260630__us-gaap--DebtInstrumentAxis__custom--ConvertibleNoteActivityMember_zn9VAUCxNHAe" style="border-bottom: Black 2.5pt double; text-align: right" title="Debt discount ending balance">–</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_981_eus-gaap--DebtInstrumentCarryingAmount_iE_d0_c20260401__20260630__us-gaap--DebtInstrumentAxis__custom--ConvertibleNoteActivityMember_zZfMqsPYLxr6" style="border-bottom: Black 2.5pt double; text-align: right" title="Net carrying amount ending balance">–</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

2767756

1388324

1379432

0 82534 82534 2767756 1305790 1461966 2767756 1305790 1461966

2767756

23064634

0.12

1461966

1379432

82534

Note 8 – Related party transactions The Company follows ASC 850, Related Party Disclosures, in identifying related parties and disclosing related party transactions. For the fiscal years ended June 30, 2026 and 2025, the Company’s related parties consisted of Steve Hall, a holder of more than 10% of the Company’s outstanding common stock during the periods in which the transactions described below were entered into; HH, the Company’s controlling stockholder which became a related party on April 1, 2026 by virtue of its beneficial ownership of approximately 68% of the common stock under Rule 13d-3(d)(1)(i) from the moment the Convertible Note was issued (immediately convertible), its right under the Investor Rights Agreement to designate four of the Company’s five directors and the appointment of two of its members as executive officers, and which obtained a controlling financial interest on June 11, 2026; MCIMAC, LLC, the manager of HH, of which Martin Sumichrast, the Chairman of the Board, is the manager and which, together with David Wachsman, the Company’s President, and Q. Byron Hamlett, the Company’s Chief Financial Officer, holds membership interests in HH; the Company’s current and former executive officers and directors; and, Rift Cyber LLC, an equity-method investee over which the Company exercises significant influence. All related party transactions are recorded at the amounts agreed between the parties, which may not be the terms that would have been obtained from unrelated third parties. Transactions with Steve Hall Funding received from Mr. Hall under the Existing Hall Note during the year ended June 30, 2026 was $125,831 and related-party interest of $206,540 are described in Note 7, Debt. On April 1, 2026, Mr. Hall subscribed for <span id="xdx_90B_eus-gaap--PreferredStockShareSubscriptions_iI_c20260402__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--HallMember__us-gaap--StatementClassOfStockAxis__custom--SeriesAConvertiblePreferredStockMember_zdJ26Vk1K072" title="Subscribed shares">2,000 shares of Series A Convertible Preferred Stock for cash proceeds of $<span id="xdx_902_eus-gaap--ProceedsFromIssuanceOfConvertiblePreferredStock_c20260401__20260402__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--HallMember__us-gaap--StatementClassOfStockAxis__custom--SeriesAConvertiblePreferredStockMember_zZYMmxokQ8S8" title="Cash proceeds">200,000. On June 3, 2026 those shares converted into <span id="xdx_90C_eus-gaap--ConversionOfStockSharesConverted1_c20260601__20260603__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--HallMember__us-gaap--StatementClassOfStockAxis__custom--SeriesAConvertiblePreferredStockMember_zEGeKfWNWUzg" title="Converted shares">13,000,000 shares of common stock. See Note 9, Stockholders’ equity. On May 7, 2026, Mr. Hall subscribed for 228,858 shares of common stock at $0.12 per share. The $27,463 subscription price was settled by offset of an outstanding payable to Mr. Hall. The issuance was recorded at the $27,463 carrying amount of the payable (par of $23 and additional paid-in capital of $27,440). Transactions with Hawkeye Holdco LLC The Note Purchase Agreement, Convertible Note, Investor Rights Agreement, conversion of the Convertible Note, sale of the HH Warrant for $2,218,786 and cashless exercise of the HH Warrant are described in Notes 1, Description of business, 7, Debt, and 9, Stockholders’ equity. Those transactions were approved by the Board of Directors. Transactions with officers and directors On January 1, 2026 the Company issued 600,000 shares of common stock valued at $60,000 to former Chief Financial Officer Christopher Mulgrew (100,000 shares effective October 1, 2025 and 500,000 shares effective December 3, 2025) and 500,000 shares of common stock valued at $50,000 to former Chief Executive Officer and current director Corby Marshall (effective October 1, 2025), in each case to settle accounts payable. The $110,000 aggregate carrying amount of the payables settled is the amount recorded in equity. Neither Mr. Wachsman nor Mr. Hamlett received cash compensation from the Company during the year ended June 30, 2026. Neither was party to an employment agreement with the Company during fiscal 2026. Offer letters executed September 1, 2026 are described in Note 14, Subsequent events. Accounts payable — related party Accounts payable and accrued liabilities — related party were $0 and $110,000 as of June 30, 2026 and 2025, respectively. The fiscal 2025 balance was settled by the share issuances described above.

0.68

125831

206540

2000

200000

13000000

228858

0.12

27463

27440

2218786

600000

60000

100000

500000

50000

0 110000

Note 9 – Stockholders’ equity Authorized capital As of June 30, 2026, the Company was authorized to issue 400,000,000 shares of common stock, $0.0001 par value, and 50,000,000 shares of preferred stock, $0.0001 par value. Issued and outstanding common shares were 266,052,926 and 8,706,772 as of June 30, 2026 and 2025, respectively. No preferred stock was outstanding as of either date. On June 17, 2026, the majority stockholder approved an increase in authorized capital to <span id="xdx_90D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized_iI_c20260617__us-gaap--AwardTypeAxis__us-gaap--CommonStockMember_zRJGf8RO7n2f" title="Increase in authorized capital">10,000,000,000 shares of common stock and <span id="xdx_903_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized_iI_c20260617__us-gaap--AwardTypeAxis__us-gaap--PreferredStockMember_z2Kgp2ExMJT3" title="Increase in authorized capital">50,000,000 shares of preferred stock, a classified board and a reverse stock split in a ratio of not less than 1-for-2 nor greater than 1-for-20, to be effected at the Board’s discretion at any time prior to June 17, 2027. The increase in authorized common stock became effective on August 20, 2026. Common stock 2026 stock issuances <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">·</td><td style="text-align: justify">The 500,000 shares of common stock, with a value of $50,000, previously classified as common stock to be issued, were issued on October 1, 2025 to Jö & Fyse UG (an entity controlled by Christian Schjolberg) and Peter Herzog (250,000 shares each) as consideration for the Rift IP Assignment.</td></tr> <tr style="vertical-align: top"> <td> </td><td> </td><td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">·</td><td style="text-align: justify">The Company issued <span id="xdx_908_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_c20250701__20260630__us-gaap--AwardTypeAxis__us-gaap--CommonStockMember__srt--TitleOfIndividualAxis__custom--FormerChiefFinancialOfficerMember_zNEVfsf8DPk8" title="Shares issued">600,000 shares of common stock, valued at $<span id="xdx_90F_eus-gaap--StockIssuedDuringPeriodValueNewIssues_c20250701__20260630__us-gaap--AwardTypeAxis__us-gaap--CommonStockMember__srt--TitleOfIndividualAxis__custom--FormerChiefFinancialOfficerMember_zzNsEFlYcy9g" title="Shares issued, value">60,000, to former Chief Financial Officer Christopher Mulgrew; and issued <span id="xdx_90B_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_c20250701__20260630__us-gaap--AwardTypeAxis__us-gaap--CommonStockMember__srt--TitleOfIndividualAxis__custom--FormerChiefExecutiveOfficerMember_zxx8PuxqUgr" title="Shares issued">500,000 shares of common stock, valued at $<span id="xdx_908_eus-gaap--StockIssuedDuringPeriodValueNewIssues_c20250701__20260630__us-gaap--AwardTypeAxis__us-gaap--CommonStockMember__srt--TitleOfIndividualAxis__custom--FormerChiefExecutiveOfficerMember_zU8fsIoMgTF6" title="Shares issued, value">50,000, to former Chief Executive Officer Corby Marshall, who resigned on April 1, 2026, to settle accounts payable, respectively. All shares were recorded as shares to be issued prior to the issuance and were issued on January 1, 2026. Both awards had been recorded as common stock to be issued prior to issuance. The closing price of the Company’s common stock on the measurement date was $0.10 per share, and the aggregate fair value of the 1,100,000 shares issued was $110,000, compared with the $110,000 aggregate carrying amount of the liabilities settled. The fair value of the shares issued equaled the carrying amount of the liabilities settled. Accordingly, no amount was recorded in additional paid-in capital as a capital transaction under ASC 470-50-40-2 and SEC Staff Accounting Bulletin Topic 5.T, and no gain or loss was recognized in the statements of operations.</td></tr> <tr style="vertical-align: top"> <td> </td><td> </td><td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">·</td><td style="text-align: justify">On April 1, 2026, the Company agreed to issue <span id="xdx_905_eus-gaap--SharesIssued_iI_c20260402__us-gaap--AwardTypeAxis__us-gaap--CommonStockMember__dei--LegalEntityAxis__custom--EagleEquitiesLLCMember_zSF6PAwGAFzg" title="Common stock shares issued">500,000 shares of common stock with a fair value of $<span id="xdx_900_eus-gaap--StockIssued1_c20260330__20260402__us-gaap--AwardTypeAxis__us-gaap--CommonStockMember__dei--LegalEntityAxis__custom--EagleEquitiesLLCMember_zYT1pNhGCgC5" title="Common stock shares issued, value">22,500 to Eagle Equities LLC pursuant to the Settlement and Release Agreement described in Note 5, Loan payable due to Eagle – JV partner, under which the Company also paid Eagle $<span id="xdx_902_eus-gaap--ExtinguishmentOfDebtAmount_c20260330__20260402__us-gaap--AwardTypeAxis__us-gaap--CommonStockMember__srt--CounterpartyNameAxis__custom--EagleJVPartnerMember_zQMINjDOACpg" title="Paid in cash">44,000 in cash and derecognized the $<span id="xdx_904_eus-gaap--DebtInstrumentCarryingAmount_iI_c20260402__us-gaap--AwardTypeAxis__us-gaap--CommonStockMember__srt--CounterpartyNameAxis__custom--EagleJVPartnerMember_zt0VVRRbF5w5" title="Derecognized debt">442,251 Eagle Debt, resulting in a gain on settlement of debt of $<span id="xdx_90E_eus-gaap--GainsLossesOnExtinguishmentOfDebt_c20260330__20260402__us-gaap--AwardTypeAxis__us-gaap--CommonStockMember__srt--CounterpartyNameAxis__custom--EagleJVPartnerMember_zbLbM4qyB0kf" title="Gain on settlement of debt">375,751. Those shares were issued during the fourth quarter of fiscal 2026 and are included in shares issued and outstanding as of June 30, 2026.</td></tr> <tr style="vertical-align: top"> <td> </td><td> </td><td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">·</td><td style="text-align: justify">On May 7, 2026, the Company issued <span id="xdx_90B_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_c20260506__20260507__us-gaap--AwardTypeAxis__us-gaap--CommonStockMember__srt--CounterpartyNameAxis__custom--SteveHallMember_zWXDqZmTNW5c" title="Shares issued">228,858 shares of common stock to Steve Hall at a subscription price of $<span id="xdx_90B_eus-gaap--SharesIssuedPricePerShare_iI_c20260507__us-gaap--AwardTypeAxis__us-gaap--CommonStockMember__srt--CounterpartyNameAxis__custom--SteveHallMember_zYYbGrjasz1l" title="Subscription price">0.12 per share pursuant to a Share Subscription Agreement; the subscription proceeds were settled by offsetting the outstanding payable amount of $<span id="xdx_90E_eus-gaap--DebtInstrumentCarryingAmount_iI_c20260507__us-gaap--AwardTypeAxis__us-gaap--CommonStockMember__srt--CounterpartyNameAxis__custom--SteveHallMember_zatUw1VHqnE4" title="Outstanding payable amount">27,463 owed by the Company to Mr. Hall. See Note 7, Debt.</td></tr> <tr style="vertical-align: top"> <td> </td><td> </td><td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">·</td><td style="text-align: justify">On June 1, 2026, the Company issued <span id="xdx_901_eus-gaap--StockIssuedDuringPeriodSharesConversionOfUnits_c20260530__20260602__us-gaap--AwardTypeAxis__us-gaap--CommonStockMember_z5IZLtixYmz6" title="Shares of common stock upon conversion convertible note">23,064,634 shares of common stock upon conversion of the Convertible Note in the principal amount of $2,767,756 at a conversion price of $0.12 per share. See Note 7, Debt.</td></tr> <tr style="vertical-align: top"> <td> </td><td> </td><td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">·</td><td style="text-align: justify">On June 3, 2026, the Company issued <span id="xdx_901_eus-gaap--StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities_c20260601__20260603__us-gaap--AwardTypeAxis__us-gaap--CommonStockMember_zMeLgGszWpkd" title="Shares issued conversion">13,000,000 shares of common stock upon conversion of all <span id="xdx_90F_eus-gaap--ConvertiblePreferredStockSharesIssuedUponConversion_iI_c20260603__us-gaap--StatementClassOfStockAxis__custom--SeriesAConvertiblePreferredStockMember_zo1ZO5iyRbrj" title="Shares issued upon conversion">2,000 outstanding shares of Series A Convertible Preferred Stock.</td></tr></table> 2025 stock issuances <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">·</td><td style="text-align: justify">Issued <span id="xdx_90B_ecustom--SharesIssuedCashlessConversionOfStockOptions_c20240701__20250630__us-gaap--AwardTypeAxis__us-gaap--CommonStockMember__srt--TitleOfIndividualAxis__srt--ChiefFinancialOfficerMember_zgQZl7nTYjn7" title="Shares issued cashless conversion of stock options">45,000 shares of common stock to Christopher Mulgrew, the former CFO, for cashless conversion of stock options.</td></tr></table> Common stock to be issued During the year ended June 30, 2026, the Company granted a fully vested award of <span id="xdx_90C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_c20250701__20260630__dei--LegalEntityAxis__custom--CheckmateGovernmentRelationsLLCMember_zwiG5XHK1ILg" title="Shares granted and vested">200,000 common shares to Checkmate Government Relations, LLC (“CGR”) in exchange for government-relations services. The award had a grant-date fair value of $<span id="xdx_90F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue_c20260601__20260603__dei--LegalEntityAxis__custom--CheckmateGovernmentRelationsLLCMember_z9RlZ6N5tV2i" title="Grant-date fair value">144,000, based on the June 3, 2026 closing price of $0.72 per share. Because the award was fully vested on the grant date, the entire fair value was recognized in professional fees during fiscal 2026. The shares had not been issued by the transfer agent as of June 30, 2026 and are presented as common stock to be issued. There was <span id="xdx_90D_eus-gaap--EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_iI_do_c20260630__dei--LegalEntityAxis__custom--CheckmateGovernmentRelationsLLCMember_zNYNF6baRxgd" title="Unrecognized compensation cost">no unrecognized compensation cost related to this award as of June 30, 2026, and no related income tax benefit was recognized. As of June 30, 2025, stock to be issued of $50,000 represented the Rift IP consideration shares, which were posted on December 12, 2025. Shares issued to settle existing accounts payable or debt balances are excluded from the ASC 718 activity disclosure unless the shares represented compensation for goods or services. Conversion of convertible promissory note On June 1, 2026, HH converted the entire $2,767,756 principal amount of the Convertible Note into 23,064,634 shares of common stock at the contractual conversion price of $0.12 per share. The $1,461,966 net carrying amount of the Convertible Note immediately before conversion was reclassified to common stock of $2,306 and additional paid-in capital of $<span id="xdx_901_eus-gaap--AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature_c20260530__20260602__dei--LegalEntityAxis__custom--HawkeyeHoldcoLLCMember_z8gFqgc1iKY3" title="Additional paid-in capital">1,459,660. No gain or loss was recognized on conversion. See Note 7, Debt, and Note 10, Fair value measurements. Supplemental disclosure of noncash financing activities The issuance of the Convertible Note in exchange for the Existing Hall Note and the subsequent conversion of the Convertible Note into common stock were noncash financing activities. ASC 230 identifies conversion of debt to equity as a noncash financing transaction and requires noncash investing and financing activities to be disclosed. The Company’s noncash financing activities related to the Convertible Note were as follows: <table cellpadding="0" cellspacing="0" id="xdx_890_eus-gaap--ScheduleOfOtherSignificantNoncashTransactionsTextBlock_zii6S4chQv3g" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Stockholders Equity (Details - Noncash financing activities)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Schedule of noncash financing activities</td><td> </td> <td style="text-align: left"> </td><td id="xdx_496_20250701__20260630_zEe7ev1wJn1f" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49A_20240701__20250630_z1sf4uVGbEzb" style="text-align: center"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">Noncash Financing Activity</td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Year Ended June 30, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Year Ended June 30, 2025</td></tr> <tr id="xdx_407_ecustom--DebtIssuanceInExchangeForExistingDebt_d0_hus-gaap--LongtermDebtTypeAxis__custom--ExistingHallNoteMember_zoUcilpyVv5f" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt; width: 66%; text-align: left">Convertible Note issued in exchange for Existing Hall Note, at initial carrying amount</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">1,379,432</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">–</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--DebtConversionConvertedInstrumentAmount1_d0_z8hl6Lb8XwEe" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Net carrying amount of Convertible Note converted into common stock</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">1,461,966</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">–</td><td style="text-align: left"> </td></tr> </table> Related-party cross-reference HH was a related party of the Company when the Convertible Note was issued and converted and continues to be a related party. Martin Sumichrast, the Chairman of the Company’s Board of Directors, is the manager of MCIMAC, LLC, which is the manager of HH, and the Company’s President and Chief Financial Officer are members of HH. The nature of the relationship, the Note Purchase Agreement, the issuance and conversion of the Convertible Note, and the related amounts are disclosed in Note 7, Debt, and Note 9, Stockholders’ equity. Related-party guidance requires disclosure of the nature of the relationship, a description and amount of the transaction, and amounts due at each balance-sheet date. No amount related to the Convertible Note was due to HH as of June 30, 2026. Series A convertible preferred stock On April 1, 2026, the Company entered into a Subscription Agreement with Steve Hall, pursuant to which Mr. Hall subscribed for <span id="xdx_90F_eus-gaap--PreferredStockShareSubscriptions_iI_c20260402__us-gaap--TransactionTypeAxis__custom--SubscriptionAgreementMember__srt--CounterpartyNameAxis__custom--SteveHallMember__us-gaap--StatementClassOfStockAxis__custom--SeriesAConvertiblePreferredStockMember_zwfwu4Usuu77" title="Subscribed shares">2,000 shares of Series A Convertible Preferred Stock at a total purchase price of $<span id="xdx_902_eus-gaap--PreferredStockSharesSubscribedButUnissuedValue_iI_c20260402__us-gaap--TransactionTypeAxis__custom--SubscriptionAgreementMember__srt--CounterpartyNameAxis__custom--SteveHallMember__us-gaap--StatementClassOfStockAxis__custom--SeriesAConvertiblePreferredStockMember_zpfzrlGB4dEl" title="Purchase price">200,000. On the same day, the Company filed a Certificate of Designation for Series A Convertible Preferred Stock (the “Certificate of Designation”) with the Secretary of State of Nevada, designating a class of preferred stock as Series A Convertible Preferred Stock with a par value of $<span id="xdx_90A_eus-gaap--PreferredStockParOrStatedValuePerShare_iI_c20260402__us-gaap--TransactionTypeAxis__custom--SubscriptionAgreementMember__srt--CounterpartyNameAxis__custom--SteveHallMember__us-gaap--StatementClassOfStockAxis__custom--SeriesAConvertiblePreferredStockMember_zb3ALf4HOqyf" title="Preferred stock, par value">0.0001 per share (the “Preferred Stock”). Pursuant to the terms and conditions set forth in the Certificate of Designation, shares of Preferred Stock may be convertible into shares of common stock at any time following the issuance of the Preferred Stock at the option of the holder. If an optional conversion has not occurred, then on the earliest to occur of (A) the 12 month anniversary of the date of issuance, (B) the date on which the Company first completes an offering of equity or debt securities for the primary purpose of raising capital with aggregate gross proceeds equal to or greater than $1,500,000, and (C) the Market Capitalization (as such term is defined in the Certificate of Designation) of the Company exceeds $50,000,000 for any 20 out of 30 consecutive trading days, then all of the then-outstanding shares of Preferred Stock will automatically be converted into shares of common stock. The conversion rate for the Preferred Stock provides that, if all 2,000 shares of Preferred Stock are converted, the holder will receive a number of shares of common stock equal to 7% of the fully diluted shares of common stock outstanding immediately after giving effect to such conversion, subject to certain adjustments as set forth in the Certificate of Designation, which percentage will be reduced proportionally in the event that a portion of the 2,000 shares of Preferred Stock are converted. The Company evaluated the Series A Convertible Preferred Stock under ASC 480, Distinguishing Liabilities from Equity, and ASC 815-40, Contracts in Entity’s Own Equity. Although the number of shares of common stock issuable on conversion was not fixed, the monetary value of the Company’s obligation was based on a fixed percentage of the Company’s fully diluted equity and therefore varied directly with, rather than inversely to or independently of, the fair value of the Company’s common stock. Accordingly, the Preferred Stock did not represent an obligation to issue a variable number of shares with a monetary value based solely or predominantly on a fixed monetary amount within the meaning of ASC 480-10-25-14, and was not classified as a liability. The Preferred Stock contained no redemption feature exercisable at the option of the holder or upon an event not solely within the Company’s control and, accordingly, was not required to be classified in temporary equity under ASC 480-10-S99-3A. The conversion feature was indexed to the Company’s own stock and would have been classified in stockholders’ equity if freestanding, and therefore was not separated from the host contract. The $200,000 of proceeds from the issuance of the Preferred Stock was accordingly recorded within permanent stockholders’ equity in additional paid-in capital. Upon the sale of the HH Warrant on June 3, 2026, Mr. Hall, as the holder of all 2,000 outstanding shares of Preferred Stock, became subject to a mandatory conversion of the Preferred Stock in accordance with Section 6(a)(ii)(B) of the Certificate of Designation. On June 3, 2026, all 2,000 shares of Preferred Stock were converted into 13,000,000 shares of common stock, and no shares of preferred stock were issued and outstanding as of June 30, 2026. Stock purchase warrant On June 3, 2026, the Company entered into a Subscription Agreement with HH for the sale of a Common Stock Purchase Warrant (the “HH Warrant”), dated June 3, 2026, granting HH the right to purchase <span id="xdx_90C_ecustom--WarrantsIssuedInPeriod_c20260601__20260603__us-gaap--TransactionTypeAxis__custom--SubscriptionAgreementMember__us-gaap--AwardTypeAxis__custom--HHWarrantMember_zbU5QR03vfya" title="Warrant issued for sale of stock">221,878,595 shares of the Company’s common stock at a purchase price of $<span id="xdx_90F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardPerShareWeightedAveragePriceOfSharesPurchased_iI_c20260603__us-gaap--TransactionTypeAxis__custom--SubscriptionAgreementMember__us-gaap--AwardTypeAxis__custom--HHWarrantMember_z5Ntfc0M6k97" title="Purchase price">0.01 per share. The Company received aggregate proceeds of $<span id="xdx_90D_eus-gaap--ProceedsFromIssuanceOfWarrants_c20260601__20260603__us-gaap--TransactionTypeAxis__custom--SubscriptionAgreementMember__us-gaap--AwardTypeAxis__custom--HHWarrantMember_zOEyBNtnd66d" title="Proceeds from sale of warrant">2,218,786 from the sale of the HH Warrant, which was recorded in additional paid-in capital. Under the terms of the HH Warrant, HH may exercise the purchase rights in the HH Warrant, in whole or in part, at any time or times on or before March 31, 2027, at an exercise price of $0.01 per share. The Company evaluated the HH Warrant under ASC 480 and ASC 815-40 and concluded that it is not within the scope of ASC 480, that it is indexed to the Company’s own stock under ASC 815-40-15, and that it meets the conditions for equity classification in ASC 815-40-25. The HH Warrant had a fixed exercise price of $0.01 per share and a fixed number of underlying shares, contained no exercise contingency based on an observable market or index other than the Company’s own operations or share price, contained no provision requiring or permitting net cash settlement at the option of the holder, contained no reset or price protection provision, and the Company had a sufficient number of authorized and unissued shares of common stock available to settle the HH Warrant in full at all times during which it was outstanding. Accordingly, the HH Warrant is classified within stockholders’ equity and was not subsequently remeasured. On June 11, 2026, HH exercised the HH Warrant in full on a cashless basis. Pursuant to the cashless exercise provisions of the HH Warrant, HH surrendered the right to purchase 2,925,933 of the 221,878,595 shares subject to the HH Warrant in payment of the $2,218,785.95 aggregate exercise price, and the Company issued 218,952,662 shares of common stock. The cashless exercise was a reclassification within stockholders’ equity; the Company received no cash upon exercise and recognized no gain or loss. Accordingly, the HH Warrant was exercised in full during the year ended June 30, 2026 and no shares of common stock were issuable thereunder as of June 30, 2026. No warrants were outstanding as of June 30, 2026 and June 30, 2025. The HH Warrant was sold to the Company’s controlling stockholder for $2,218,786, or $0.01 per underlying share, and carried an exercise price of $0.01 per share. Applying the cashless-exercise formula in the HH Warrant to the 2,925,933 warrant shares surrendered on June 11, 2026 implies a price of the Company’s common stock of approximately $0.7583 per share on that date. MCIMAC, LLC, of which the Chairman of the Board is the manager, and each of the Company’s President and Chief Financial Officer, hold membership interests in HH. The Company evaluated whether any portion of the difference between the fair value of the securities issued and the consideration received constitutes compensation for services under ASC 718-10-15-4 and SEC Staff Accounting Bulletin Topic 5.T, and concluded that no compensation cost is required to be recognized because each officer contributed capital to HH in proportion to his membership interest. The sale of the HH Warrant was accounted for as a capital transaction with a stockholder, and no amount was recognized in the statements of operations. Stock-option plans During 2019, the Company’s board of directors approved the 2019 Directors, Officers, Employees and Consultants Stock Option Plan (“Option Plan”) which authorized the issuance of options to purchase up to <span id="xdx_904_esrt--StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased_iI_c20191231__us-gaap--PlanNameAxis__custom--OptionPlanMember_zhxUPoYa2SJj" title="Authorized issuance of options to purchase">2,500,000 shares of common stock to its employees, directors, and consultants. During the fiscal years ended June 30, 2026, and 2025, the Company had <span id="xdx_904_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_do_c20250701__20260630__us-gaap--PlanNameAxis__custom--OptionPlanMember_zdGxpHkwDfZ9" title="Awards were granted"><span id="xdx_905_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_do_c20240701__20250630__us-gaap--PlanNameAxis__custom--OptionPlanMember_zHWdDRz0ru81" title="Awards were granted">not granted any stock options. All stock options were vested at the end of the 1st quarter of fiscal year 2023. Effective as of April 1, 2026, the Company entered into various Stock Option Cancellation Agreements (collectively, the “Cancellation Agreements”) with the holders (the “Holders”) of options to purchase, in the aggregate, <span id="xdx_903_eus-gaap--StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased_iI_c20260402__us-gaap--TransactionTypeAxis__custom--CancellationAgreementsMember_z4SjA4vMlaxl" title="Authorized issuance of options to purchase">207,600 shares of common stock. Pursuant to the Cancellation Agreements, each Holder agreed to surrender and cancel all options held by such Holder for aggregate consideration of $1.00 for each Holder. The Company initially disclosed on a Form 8-K filed April 6, 2026 the cancellation of options to purchase an aggregate of <span id="xdx_90D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod_c20260405__20260406__us-gaap--TransactionTypeAxis__custom--CancellationAgreementsMember_zH7G4y6IGe4g" title="Cancellation of options purchase">177,600 shares of common stock; subsequent to the filing of the Form 8-K, an additional <span id="xdx_902_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod_c20260819__20260820__us-gaap--TransactionTypeAxis__custom--CancellationAgreementsMember__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_z3uhfqbHHqUj" title="Cancellation of options purchase">30,000 stock options were cancelled, bringing the total number of cancelled options to <span id="xdx_903_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod_c20260819__20260820__us-gaap--TransactionTypeAxis__custom--CancellationAgreementsMember__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_zzrwV2sRL8Zi" title="Total number of cancelled options">207,600. As of the date of this annual report, there were 115,000 stock options exercisable, of which all were granted as non-statutory stock options, outside of the Option Plan. Transactions in stock options for the years ended June 30, 2026, and 2025, are as follows: <table cellpadding="0" cellspacing="0" id="xdx_891_eus-gaap--ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock_zxiLujSrpfWg" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Stockholders Equity (Details - Option activity)"> <tr style="vertical-align: bottom"> <td style="width: 56%">Schedule of stock options</td> <td style="width: 2%"> </td> <td style="text-align: right; width: 11%"> </td> <td style="width: 1%"> </td> <td style="width: 2%"> </td> <td style="width: 1%"> </td> <td style="text-align: right; width: 11%"> </td> <td style="width: 1%"> </td> <td style="width: 2%"> </td> <td style="width: 1%"> </td> <td style="text-align: right; width: 11%"> </td> <td style="width: 1%"> </td></tr> <tr style="vertical-align: bottom"> <td> </td> <td> </td> <td style="border-bottom: black 1pt solid"> Number of options</td> <td> </td> <td> </td> <td colspan="2" style="border-bottom: black 1pt solid"> Weighted average exercise price</td> <td> </td> <td> </td> <td colspan="2" style="border-bottom: black 1pt solid"> Weighted average remaining life (in years)</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(207,241,253)"> <td>Outstanding, June 30, 2025</td> <td> </td> <td id="xdx_98F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iS_c20250701__20260630__us-gaap--AwardTypeAxis__custom--StockOptionsMember_z8gtY9eyZ9Jj" style="text-align: right">322,600</td> <td> </td> <td> </td> <td>$</td> <td id="xdx_988_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iS_c20250701__20260630__us-gaap--AwardTypeAxis__custom--StockOptionsMember_ztcVMhtnJVme" style="text-align: right">0.98</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"><span id="xdx_903_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1_dtY_c20240701__20250630_zjggNvuxMSre" title="Weighted average remaining life (in years)">1.81</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Granted</td> <td> </td> <td id="xdx_983_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_c20250701__20260630_z3mD83EIcEl3" style="text-align: right">–</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">–</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">–</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(207,241,253)"> <td>Exercised</td> <td> </td> <td id="xdx_987_eus-gaap--StockIssuedDuringPeriodSharesStockOptionsExercised_c20250701__20260630_zLMINOFWL4N1" style="text-align: right">–</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">–</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">–</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Cancelled</td> <td style="padding-bottom: 1pt"> </td> <td id="xdx_98F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod_iN_di_c20250701__20260630__us-gaap--AwardTypeAxis__custom--StockOptionsMember_zQgH6W4r3zc3" style="border-bottom: Black 1pt solid; text-align: right">(207,600</td> <td style="padding-bottom: 1pt">) </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid"> </td> <td id="xdx_98A_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice_c20250701__20260630__us-gaap--AwardTypeAxis__custom--StockOptionsMember_zyac9qPCl5C1" style="border-bottom: Black 1pt solid; text-align: right">1.13</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">–</td> <td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(207,241,253)"> <td style="padding-bottom: 2.5pt">Outstanding, June 30, 2026</td> <td style="padding-bottom: 2.5pt"> </td> <td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iE_c20250701__20260630__us-gaap--AwardTypeAxis__custom--StockOptionsMember_zPumhxx4tQt7" style="border-bottom: Black 2.5pt double; text-align: right">115,000</td> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double">$</td> <td id="xdx_982_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iE_c20250701__20260630__us-gaap--AwardTypeAxis__custom--StockOptionsMember_zCPEOYPxm3a8" style="border-bottom: Black 2.5pt double; text-align: right">0.70</td> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double"> </td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_900_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1_dtY_c20250701__20260630_zzn70D5KRC6d" title="Weighted average remaining life (in years)">0.81</td> <td style="padding-bottom: 2.5pt"> </td></tr> </table> All 115,000 options outstanding as of June 30, 2026 were fully vested and exercisable as of that date; accordingly, the number, weighted-average exercise price, weighted-average remaining contractual term and aggregate intrinsic value of options exercisable are the same as those disclosed for options outstanding. The aggregate intrinsic value of options outstanding and exercisable was <span id="xdx_90B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_iI_dxL_c20260630_zMihI6UmI9uc" title="Aggregate intrinsic value of options outstanding::XDX::0"><span id="xdx_90D_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1_iI_dxL_c20260630_zTrXOl9WQo7b" title="Aggregate intrinsic value of options outstanding exercisable::XDX::0">nil as of both June 30, 2026 and June 30, 2025. The closing price of the Company’s common stock was $0.306 on June 29, 2026, the last trading day on or before June 30, 2026, and $0.114 on June 30, 2025. Each option outstanding at each of those dates had an exercise price above the closing price on that date. All outstanding options were granted as non-statutory stock options outside of the Option Plan and were fully vested prior to July 1, 2024; no compensation cost was recognized in respect of stock options for the years ended June 30, 2026 and 2025, and there was no unrecognized compensation cost related to stock options as of June 30, 2026. At the fiscal years ended June 30, 2026, and 2025, the intrinsic value of the outstanding options was <span id="xdx_90B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_iI_dxL_c20260630_z0XcqpIsWh0g" title="Aggregate intrinsic value of options outstanding::XDX::0"><span id="xdx_902_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_iI_dxL_c20250630_zadiZVWc9xE3" title="Aggregate intrinsic value of options outstanding::XDX::0">nil. 2026 equity incentive plan On June 17, 2026, a majority of the stockholders of the Company approved the Hawkeye Digital, Inc. 2026 Equity Incentive Plan (the “Equity Incentive Plan”). The purpose of the Equity Incentive Plan is to attract and retain personnel for positions of responsibility with the Company, to provide incentives to them and align their interests with those of the Company’s stockholders, and thereby to promote the Company’s long-term business success. Eligible participants are the employees, consultants and directors of the Company and its affiliates, and such other individuals designated by the committee administering the Equity Incentive Plan who are reasonably expected to become employees, consultants or directors after the receipt of awards. A maximum of <span id="xdx_907_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant_iI_c20260616__20260617__us-gaap--PlanNameAxis__custom--EquityIncentive2026PlanMember_zA8hvrxe5Jrh" title="Shares of common stock issued">50,000,000 shares of common stock may be issued under the Equity Incentive Plan. <span id="xdx_900_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_do_c20250701__20260630__us-gaap--PlanNameAxis__custom--EquityIncentive2026PlanMember_zVGfD1Bt7tUf" title="Awards were granted">No awards were granted under the Equity Incentive Plan during the year ended June 30, 2026, <span id="xdx_905_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iI_do_c20260630__us-gaap--PlanNameAxis__custom--EquityIncentive2026PlanMember_zUhvBES8aLhe" title="Awards were outstanding">no awards were outstanding as of June 30, 2026, and <span id="xdx_904_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_do_c20250701__20260630__us-gaap--PlanNameAxis__custom--EquityIncentive2026PlanMember_z4M9qg67V88i" title="Awards were granted">no awards have been granted through the date of this Annual Report on Form 10-K. Accordingly, no stock-based compensation expense was recognized in respect of the Equity Incentive Plan for the year ended June 30, 2026. The Equity Incentive Plan did not become effective with respect to the increased authorized share capital until the Amended and Restated Articles of Incorporation became effective on August 20, 2026. Stock-based compensation expense Stock-based compensation expense was $144,000 and $0 for the years ended June 30, 2026 and 2025, respectively, and relates entirely to the CGR shares to be issued. Consistent with SAB Topic 14.F, the expense is presented in professional fees in the statements of operations, in the same caption as the cash fees payable to the same service provider, rather than as a separate operating expense line. No income-tax benefit was recognized because of the valuation allowance described in Note 12, Income taxes.

400000000

0.0001

50000000

0.0001

266052926

8706772

10000000000

50000000

reverse stock split in a ratio of not less than 1-for-2 nor greater than 1-for-20,

500000

50000

250000

600000

60000

500000

50000

0.10

1100000

110000

500000

22500

44000

442251

375751

228858

0.12

27463

23064634

2767756

0.12

13000000

2000

45000

200000

144000

0.72

50000

2767756

23064634

0.12

1461966

2306

1459660

<table cellpadding="0" cellspacing="0" id="xdx_890_eus-gaap--ScheduleOfOtherSignificantNoncashTransactionsTextBlock_zii6S4chQv3g" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Stockholders Equity (Details - Noncash financing activities)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Schedule of noncash financing activities</td><td> </td> <td style="text-align: left"> </td><td id="xdx_496_20250701__20260630_zEe7ev1wJn1f" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49A_20240701__20250630_z1sf4uVGbEzb" style="text-align: center"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">Noncash Financing Activity</td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Year Ended June 30, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Year Ended June 30, 2025</td></tr> <tr id="xdx_407_ecustom--DebtIssuanceInExchangeForExistingDebt_d0_hus-gaap--LongtermDebtTypeAxis__custom--ExistingHallNoteMember_zoUcilpyVv5f" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt; width: 66%; text-align: left">Convertible Note issued in exchange for Existing Hall Note, at initial carrying amount</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">1,379,432</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">–</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--DebtConversionConvertedInstrumentAmount1_d0_z8hl6Lb8XwEe" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Net carrying amount of Convertible Note converted into common stock</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">1,461,966</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">–</td><td style="text-align: left"> </td></tr> </table>

1379432 0

1461966

2000

200000

0.0001

2000

13000000

221878595

0.01

2218786

0.01

218952662

2218786

0.01

2925933

0.7583

2500000

207600

1.00

177600

30000

207600

115000

<table cellpadding="0" cellspacing="0" id="xdx_891_eus-gaap--ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock_zxiLujSrpfWg" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Stockholders Equity (Details - Option activity)"> <tr style="vertical-align: bottom"> <td style="width: 56%">Schedule of stock options</td> <td style="width: 2%"> </td> <td style="text-align: right; width: 11%"> </td> <td style="width: 1%"> </td> <td style="width: 2%"> </td> <td style="width: 1%"> </td> <td style="text-align: right; width: 11%"> </td> <td style="width: 1%"> </td> <td style="width: 2%"> </td> <td style="width: 1%"> </td> <td style="text-align: right; width: 11%"> </td> <td style="width: 1%"> </td></tr> <tr style="vertical-align: bottom"> <td> </td> <td> </td> <td style="border-bottom: black 1pt solid"> Number of options</td> <td> </td> <td> </td> <td colspan="2" style="border-bottom: black 1pt solid"> Weighted average exercise price</td> <td> </td> <td> </td> <td colspan="2" style="border-bottom: black 1pt solid"> Weighted average remaining life (in years)</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(207,241,253)"> <td>Outstanding, June 30, 2025</td> <td> </td> <td id="xdx_98F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iS_c20250701__20260630__us-gaap--AwardTypeAxis__custom--StockOptionsMember_z8gtY9eyZ9Jj" style="text-align: right">322,600</td> <td> </td> <td> </td> <td>$</td> <td id="xdx_988_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iS_c20250701__20260630__us-gaap--AwardTypeAxis__custom--StockOptionsMember_ztcVMhtnJVme" style="text-align: right">0.98</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"><span id="xdx_903_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1_dtY_c20240701__20250630_zjggNvuxMSre" title="Weighted average remaining life (in years)">1.81</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Granted</td> <td> </td> <td id="xdx_983_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_c20250701__20260630_z3mD83EIcEl3" style="text-align: right">–</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">–</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">–</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(207,241,253)"> <td>Exercised</td> <td> </td> <td id="xdx_987_eus-gaap--StockIssuedDuringPeriodSharesStockOptionsExercised_c20250701__20260630_zLMINOFWL4N1" style="text-align: right">–</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">–</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">–</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Cancelled</td> <td style="padding-bottom: 1pt"> </td> <td id="xdx_98F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod_iN_di_c20250701__20260630__us-gaap--AwardTypeAxis__custom--StockOptionsMember_zQgH6W4r3zc3" style="border-bottom: Black 1pt solid; text-align: right">(207,600</td> <td style="padding-bottom: 1pt">) </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid"> </td> <td id="xdx_98A_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice_c20250701__20260630__us-gaap--AwardTypeAxis__custom--StockOptionsMember_zyac9qPCl5C1" style="border-bottom: Black 1pt solid; text-align: right">1.13</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">–</td> <td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(207,241,253)"> <td style="padding-bottom: 2.5pt">Outstanding, June 30, 2026</td> <td style="padding-bottom: 2.5pt"> </td> <td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iE_c20250701__20260630__us-gaap--AwardTypeAxis__custom--StockOptionsMember_zPumhxx4tQt7" style="border-bottom: Black 2.5pt double; text-align: right">115,000</td> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double">$</td> <td id="xdx_982_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iE_c20250701__20260630__us-gaap--AwardTypeAxis__custom--StockOptionsMember_zCPEOYPxm3a8" style="border-bottom: Black 2.5pt double; text-align: right">0.70</td> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double"> </td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_900_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1_dtY_c20250701__20260630_zzn70D5KRC6d" title="Weighted average remaining life (in years)">0.81</td> <td style="padding-bottom: 2.5pt"> </td></tr> </table>

322600

0.98

P1Y9M21D

207600

1.13

115000

0.70

P0Y9M21D

115000

0.306

0.114

144000

Note 10 – Fair value measurements Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Company applies the three-level fair value hierarchy described in Note 2, Summary of significant accounting policies, which gives the highest priority to unadjusted quoted prices in active markets for identical assets and liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The level in the hierarchy is determined by the lowest-level input that is significant to the measurement as a whole. See Note 2, Summary of significant accounting policies. The Company had no assets or liabilities measured at fair value on a recurring basis as of June 30, 2026 or June 30, 2025. Accordingly, no recurring fair value hierarchy table and no reconciliation of recurring Level 3 measurements is presented for either period. One liability, the Convertible Promissory Note, was measured at fair value on a nonrecurring basis during the year ended June 30, 2026. There were no nonrecurring fair value measurements during the year ended June 30, 2025. The Company recognizes transfers between levels of the fair value hierarchy as of the beginning of the reporting period in which the transfer occurs. There were no transfers between Level 1, Level 2 and Level 3 during the years ended June 30, 2026 and 2025. Nonrecurring fair value measurement Convertible promissory note On April 1, 2026 the Company issued the Convertible Promissory Note described in Note 7, Debt, in exchange for the Existing Hall Note. Because the exchange was accounted for as an extinguishment of the Existing Hall Note, the Convertible Promissory Note was required to be measured at fair value on initial recognition. There was no quoted market price for the Convertible Promissory Note and no observable market for a comparable instrument. The following table presents the nonrecurring fair value measurement: <table cellpadding="0" cellspacing="0" id="xdx_892_eus-gaap--FairValueAssetsMeasuredOnNonrecurringBasisTextBlock_zJrHde1A69Sa" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Fair value measurements (Details - Nonrecurring fair value measurement)"> <tr style="vertical-align: bottom"> <td style="text-align: left">Schedule of nonrecurring fair value measurement</td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: center"> </td> <td colspan="3" style="text-align: center"> </td><td style="text-align: center"> </td> <td colspan="3" style="text-align: center"> </td><td style="text-align: center"> </td> <td colspan="3" style="text-align: center"> </td><td style="text-align: center"> </td> <td colspan="3" style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; text-align: left">Instrument</td><td style="text-align: center; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: center">Measurement Date</td><td style="text-align: center; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Level 1</td><td style="text-align: center; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Level 2</td><td style="text-align: center; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Level 3</td><td style="text-align: center; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Total Fair Value</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 20%; text-align: left">Convertible Promissory Note</td><td style="width: 2%"> </td> <td style="text-align: center; width: 18%"><span id="xdx_908_eus-gaap--FairValueMeasurementsNonrecurringAlternativeMeasurementDate_dd_c20250701__20260630__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsNonrecurringMember__us-gaap--FinancialInstrumentAxis__custom--ConvertiblePromissoryNoteMember_zeOvbNurKfWl" title="Measurement Date">April 1, 2026</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98C_eus-gaap--ConvertibleDebtFairValueDisclosures_iI_c20260630__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsNonrecurringMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zq65B4lnmjq4" style="width: 11%; text-align: right" title="Total Fair Value">0</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_985_eus-gaap--ConvertibleDebtFairValueDisclosures_iI_c20260630__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsNonrecurringMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zDHkqghlmR8k" style="width: 11%; text-align: right" title="Total Fair Value">0</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98F_eus-gaap--ConvertibleDebtFairValueDisclosures_iI_c20260630__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsNonrecurringMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_znm7Xg18g8d2" style="width: 11%; text-align: right" title="Total Fair Value">1,379,432</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_984_eus-gaap--ConvertibleDebtFairValueDisclosures_iI_c20260630__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsNonrecurringMember_zZgU12Yjtk24" style="width: 11%; text-align: right" title="Total Fair Value">1,379,432</td><td style="width: 1%; text-align: left"> </td></tr> </table> The Company estimated fair value using a probability-weighted, risk-neutral lattice and expected-recovery model. The model incorporated the contractual debt cash flows, the holder’s conversion rights, the full-ratchet conversion-price adjustment, the holder’s rights upon an Organic Change, issuer nonperformance risk, and the transfer restrictions applicable to the conversion shares. The measurement was categorized within Level 3 of the fair value hierarchy because inputs that are significant to the measurement as a whole are unobservable. There was no change in valuation technique during the year ended June 30, 2026. The following table presents quantitative information about the significant unobservable inputs used in the Level 3 measurement: <table cellpadding="0" cellspacing="0" id="xdx_890_eus-gaap--FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock_zxDH9GxFD3n7" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Fair value measurements (Details - Significant unobservable inputs)"> <tr style="vertical-align: bottom"> <td>Schedule of significant unobservable inputs</td><td> </td> <td> </td><td> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Valuation Technique</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Significant Input</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Input</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Probability-weighted risk-neutral lattice and expected-recovery model</td><td> </td> <td>Common-stock price</td><td> </td> <td style="text-align: right">$<span id="xdx_90F_eus-gaap--DerivativeAssetMeasurementInput_iI_uUSDPShares_c20260630__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputSharePriceMember_zG8CzVMkLOB2" title="Input">0.045 per share</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td>Conversion price (probability-weighted)</td><td> </td> <td style="text-align: right">$<span id="xdx_90A_eus-gaap--DerivativeAssetMeasurementInput_iI_uUSDPShares_c20260630__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputConversionPriceMember_zDgEKDA7DpBc" title="Input">0.096 per share</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 50%"> </td><td style="width: 1%"> </td> <td style="width: 32%; text-align: left">Expected volatility</td><td style="width: 1%"> </td> <td style="width: 16%; text-align: right"><span id="xdx_907_ecustom--DerivativeAssetMeasurementInputPercentage_iI_dp_uRatio_c20260630__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputPriceVolatilityMember_z36rFRKptoX8" title="Input">200%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left">Risk-free interest rate</td><td> </td> <td style="text-align: right"><span id="xdx_902_ecustom--DerivativeAssetMeasurementInputPercentage_iI_dp_uRatio_c20260630__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember_zG5eJ5FrcwOa" title="Input">4.0%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left">Issuer credit spread</td><td> </td> <td style="text-align: right"><span id="xdx_906_ecustom--DerivativeAssetMeasurementInputPercentage_iI_dp_uRatio_c20260630__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputCreditSpreadMember_z2rifB16H0d6" title="Input">46.0%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left">Recovery rate</td><td> </td> <td style="text-align: right"><span id="xdx_90F_ecustom--DerivativeAssetMeasurementInputPercentage_iI_dp_uRatio_c20260630__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--MeasurementInputTypeAxis__custom--MeasurementInputRecoveryRateMember_zlLoNYFx7ey6" title="Input">10.0%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left">Restricted-share discount</td><td> </td> <td style="text-align: right"><span id="xdx_903_ecustom--DerivativeAssetMeasurementInputPercentage_iI_dp_uRatio_c20260630__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputDiscountRateMember_zJOOWrniAY8l" title="Input">50.0%</td></tr> </table> The conversion-price input was developed by probability-weighting the outcomes that could arise under the full-ratchet conversion-price adjustment. The scenarios and weightings were $0.12, $0.08, $0.05 and $0.03 per share at 50%, 25%, 15% and 10%, respectively, producing a probability-weighted conversion price of $0.096 per share. Because the measurement relates to a single instrument, each amount presented above is both the input used and the weighted average of that input. Of the $1,379,432 measured fair value, approximately $876,561 was attributable to the expected recovery on the straight-debt host and approximately $502,871 to the incremental value of the embedded conversion right and the other contractual features. Those amounts are components of a single whole-instrument valuation; they are not separately recognized and should not be combined with, or compared to, a conversion value computed independently. Relationship of unobservable inputs to fair value. A lower assumed conversion price increases the number of shares deliverable on conversion and generally increases the measured fair value. A higher expected volatility generally increases the value attributable to the conversion right. A higher issuer credit spread or a lower expected recovery rate generally reduces the value attributable to the debt host. A larger discount for lack of marketability reduces the value attributable to the conversion shares. The effect of a change in any individual input may be magnified or offset by changes in the other inputs, which are not independent of one another. The Convertible Promissory Note was converted in full into 23,064,634 shares of common stock on June 1, 2026 and was not outstanding as of June 30, 2026. Because the measurement was nonrecurring and the instrument was not held at the reporting date, no reporting-date sensitivity analysis is required. The measurement nevertheless determined the $1,388,324 credited to additional paid-in capital on the extinguishment described in Note 7, Debt, and the Company therefore provides the following information. Holding all other inputs constant, a 10% increase in the $0.045 common-stock price input would have increased the measured fair value by approximately $137,943, and a 10% decrease would have decreased it by approximately $137,943, with a corresponding and opposite effect on the amount credited to additional paid-in capital. Fair value of common stock issued as consideration During the years ended June 30, 2026 and 2025 the Company issued common stock in settlement of liabilities and in exchange for services and other consideration. In each case the equity issued was measured at the fair value of the common stock on the measurement date, determined by reference to the closing price quoted for the Company’s common stock on that date, without adjustment. The following table summarizes those measurements: <table cellpadding="0" cellspacing="0" id="xdx_89D_eus-gaap--FairValueLiabilitiesMeasuredOnRecurringBasisTextBlock_zH4JgIYoy3w5" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Fair value measurements (Details - Fair value measurements)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Schedule of measurements</td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">Transaction and counterparty</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Measurement date</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Shares</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Price per share</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fair value</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Reference</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Year ended June 30, 2026</td><td> </td> <td style="text-align: right"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 35%; text-align: left">Settlement of accounts payable — C. Marshall</td><td style="width: 1%"> </td> <td style="width: 14%; text-align: center">October 1, 2025</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_989_eus-gaap--SharesIssued_iI_c20260630__srt--CounterpartyNameAxis__custom--SettlementOfAccountsPayableCMarshallMember_zPGL331H0Czc" style="width: 10%; text-align: right" title="Shares">500,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_985_eus-gaap--SharePrice_iI_c20260630__srt--CounterpartyNameAxis__custom--SettlementOfAccountsPayableCMarshallMember_z42dq09WUo36" style="width: 10%; text-align: right" title="Price per share">0.10</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_984_eus-gaap--ConvertibleDebtFairValueDisclosures_iI_c20260630__srt--CounterpartyNameAxis__custom--SettlementOfAccountsPayableCMarshallMember_zWsi2niWpPU3" style="width: 10%; text-align: right" title="Fair value">50,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 10%; text-align: center">Notes 8, 9</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Settlement of accounts payable — C. Mulgrew</td><td> </td> <td style="text-align: center">October 1, 2025</td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eus-gaap--SharesIssued_iI_c20260630__srt--CounterpartyNameAxis__custom--SettlementOfAccountsPayableCMulgrewMember_zmddOoKHgaj8" style="text-align: right" title="Shares">100,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_98D_eus-gaap--SharePrice_iI_c20260630__srt--CounterpartyNameAxis__custom--SettlementOfAccountsPayableCMulgrewMember_zqKoGWO3vBBh" style="text-align: right" title="Price per share">0.10</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eus-gaap--ConvertibleDebtFairValueDisclosures_iI_c20260630__srt--CounterpartyNameAxis__custom--SettlementOfAccountsPayableCMulgrewMember_zZwxINYEp0bi" style="text-align: right" title="Fair value">10,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center">Notes 8, 9</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Settlement of accounts payable — C. Mulgrew</td><td> </td> <td style="text-align: center">December 3, 2025</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--SharesIssued_iI_c20260630__srt--CounterpartyNameAxis__custom--SettlementOfAccountsPayableCMulgrew1Member_zP2jkDsxpsGj" style="text-align: right" title="Shares">500,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_987_eus-gaap--SharePrice_iI_c20260630__srt--CounterpartyNameAxis__custom--SettlementOfAccountsPayableCMulgrew1Member_zTaIpvcX7Ele" style="text-align: right" title="Price per share">0.10</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--ConvertibleDebtFairValueDisclosures_iI_c20260630__srt--CounterpartyNameAxis__custom--SettlementOfAccountsPayableCMulgrew1Member_zFIw9o2i6Meg" style="text-align: right" title="Fair value">50,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center">Notes 8, 9</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Settlement of loan payable — Eagle Equities, LLC</td><td> </td> <td style="text-align: center">April 1, 2026</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--SharesIssued_iI_c20260630__srt--CounterpartyNameAxis__custom--SettlementOfLoanPayableEagleEquitiesLLCMember_z5lPuY3SIAmk" style="text-align: right" title="Shares">500,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_98C_eus-gaap--SharePrice_iI_c20260630__srt--CounterpartyNameAxis__custom--SettlementOfLoanPayableEagleEquitiesLLCMember_z6Tyj9qpkZ4e" style="text-align: right" title="Price per share">0.045</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eus-gaap--ConvertibleDebtFairValueDisclosures_iI_c20260630__srt--CounterpartyNameAxis__custom--SettlementOfLoanPayableEagleEquitiesLLCMember_z9z7JyC25931" style="text-align: right" title="Fair value">22,500</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center">Note 5</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Advisory services — Checkmate Government Relations</td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt">June 3, 2026</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98C_eus-gaap--SharesIssued_iI_c20260630__srt--CounterpartyNameAxis__custom--AdvisoryServicesCheckmateGovernmentRelationsMember_z3kVX0Uk6cai" style="border-bottom: Black 1pt solid; text-align: right" title="Shares">200,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left">$</td><td id="xdx_983_eus-gaap--SharePrice_iI_c20260630__srt--CounterpartyNameAxis__custom--AdvisoryServicesCheckmateGovernmentRelationsMember_z1RpUBXlpCM" style="padding-bottom: 1pt; text-align: right" title="Price per share">0.72</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98C_eus-gaap--ConvertibleDebtFairValueDisclosures_iI_c20260630__srt--CounterpartyNameAxis__custom--AdvisoryServicesCheckmateGovernmentRelationsMember_zZNlQbkuM2Oc" style="border-bottom: Black 1pt solid; text-align: right" title="Fair value">144,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt">Note 9</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 2.5pt">Total, year ended June 30, 2026</td><td style="padding-bottom: 2.5pt"> </td> <td style="text-align: right; padding-bottom: 2.5pt"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_987_eus-gaap--SharesIssued_iI_c20260630_zefkmZNPgoP" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Shares">1,800,000</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td id="xdx_982_eus-gaap--ConvertibleDebtFairValueDisclosures_iI_c20260630_zps30YlNqOKk" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Fair value">276,500</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="text-align: right; padding-bottom: 2.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: right"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Year ended June 30, 2025</td><td> </td> <td style="text-align: right"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Rift intellectual property assignment</td><td style="padding-bottom: 2.5pt"> </td> <td style="text-align: center; padding-bottom: 2.5pt">April 1, 2025</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_98C_eus-gaap--SharesIssued_iI_c20250630__srt--CounterpartyNameAxis__custom--RiftIntellectualPropertyAssignmentMember_zOU2rpdO4yu9" style="border-bottom: Black 2.5pt double; text-align: right" title="Shares">500,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left">$</td><td id="xdx_980_eus-gaap--SharePrice_iI_c20250630__srt--CounterpartyNameAxis__custom--RiftIntellectualPropertyAssignmentMember_zgnz6KScrGs4" style="padding-bottom: 2.5pt; text-align: right" title="Price per share">0.10</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98A_eus-gaap--ConvertibleDebtFairValueDisclosures_iI_c20250630__srt--CounterpartyNameAxis__custom--RiftIntellectualPropertyAssignmentMember_zFYMXB2Z60jf" style="border-bottom: Black 2.5pt double; text-align: right" title="Fair value">50,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="text-align: center; padding-bottom: 2.5pt">Note 6</td></tr> </table> Separately, on May 7, 2026 the Company issued <span id="xdx_900_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod_c20260506__20260507__srt--CounterpartyNameAxis__custom--SteveHallMember_zc4TgSW2h8Zk" title="Shares issued">228,858 shares of common stock to Steve Hall at a negotiated subscription price of $0.12 per share in satisfaction of a $27,463 payable. That price was fixed by the subscription agreement and was not determined by reference to a quoted market price. See Note 8, Related party transactions. As described in Note 2 under “Obligations settled in the Company’s own equity,” obligations settled with related parties are recognized at their carrying amount, and any difference between that carrying amount and the fair value of the shares issued is recorded in additional paid-in capital as a capital transaction rather than in earnings. See Note 8, Related party transactions, and Note 9, Stockholders’ equity.

<table cellpadding="0" cellspacing="0" id="xdx_892_eus-gaap--FairValueAssetsMeasuredOnNonrecurringBasisTextBlock_zJrHde1A69Sa" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Fair value measurements (Details - Nonrecurring fair value measurement)"> <tr style="vertical-align: bottom"> <td style="text-align: left">Schedule of nonrecurring fair value measurement</td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: center"> </td> <td colspan="3" style="text-align: center"> </td><td style="text-align: center"> </td> <td colspan="3" style="text-align: center"> </td><td style="text-align: center"> </td> <td colspan="3" style="text-align: center"> </td><td style="text-align: center"> </td> <td colspan="3" style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; text-align: left">Instrument</td><td style="text-align: center; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: center">Measurement Date</td><td style="text-align: center; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Level 1</td><td style="text-align: center; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Level 2</td><td style="text-align: center; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Level 3</td><td style="text-align: center; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Total Fair Value</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 20%; text-align: left">Convertible Promissory Note</td><td style="width: 2%"> </td> <td style="text-align: center; width: 18%"><span id="xdx_908_eus-gaap--FairValueMeasurementsNonrecurringAlternativeMeasurementDate_dd_c20250701__20260630__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsNonrecurringMember__us-gaap--FinancialInstrumentAxis__custom--ConvertiblePromissoryNoteMember_zeOvbNurKfWl" title="Measurement Date">April 1, 2026</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98C_eus-gaap--ConvertibleDebtFairValueDisclosures_iI_c20260630__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsNonrecurringMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zq65B4lnmjq4" style="width: 11%; text-align: right" title="Total Fair Value">0</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_985_eus-gaap--ConvertibleDebtFairValueDisclosures_iI_c20260630__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsNonrecurringMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zDHkqghlmR8k" style="width: 11%; text-align: right" title="Total Fair Value">0</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98F_eus-gaap--ConvertibleDebtFairValueDisclosures_iI_c20260630__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsNonrecurringMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_znm7Xg18g8d2" style="width: 11%; text-align: right" title="Total Fair Value">1,379,432</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_984_eus-gaap--ConvertibleDebtFairValueDisclosures_iI_c20260630__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsNonrecurringMember_zZgU12Yjtk24" style="width: 11%; text-align: right" title="Total Fair Value">1,379,432</td><td style="width: 1%; text-align: left"> </td></tr> </table>

2026-04-01

1379432

<table cellpadding="0" cellspacing="0" id="xdx_890_eus-gaap--FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock_zxDH9GxFD3n7" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Fair value measurements (Details - Significant unobservable inputs)"> <tr style="vertical-align: bottom"> <td>Schedule of significant unobservable inputs</td><td> </td> <td> </td><td> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Valuation Technique</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Significant Input</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Input</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Probability-weighted risk-neutral lattice and expected-recovery model</td><td> </td> <td>Common-stock price</td><td> </td> <td style="text-align: right">$<span id="xdx_90F_eus-gaap--DerivativeAssetMeasurementInput_iI_uUSDPShares_c20260630__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputSharePriceMember_zG8CzVMkLOB2" title="Input">0.045 per share</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td>Conversion price (probability-weighted)</td><td> </td> <td style="text-align: right">$<span id="xdx_90A_eus-gaap--DerivativeAssetMeasurementInput_iI_uUSDPShares_c20260630__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputConversionPriceMember_zDgEKDA7DpBc" title="Input">0.096 per share</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 50%"> </td><td style="width: 1%"> </td> <td style="width: 32%; text-align: left">Expected volatility</td><td style="width: 1%"> </td> <td style="width: 16%; text-align: right"><span id="xdx_907_ecustom--DerivativeAssetMeasurementInputPercentage_iI_dp_uRatio_c20260630__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputPriceVolatilityMember_z36rFRKptoX8" title="Input">200%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left">Risk-free interest rate</td><td> </td> <td style="text-align: right"><span id="xdx_902_ecustom--DerivativeAssetMeasurementInputPercentage_iI_dp_uRatio_c20260630__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember_zG5eJ5FrcwOa" title="Input">4.0%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left">Issuer credit spread</td><td> </td> <td style="text-align: right"><span id="xdx_906_ecustom--DerivativeAssetMeasurementInputPercentage_iI_dp_uRatio_c20260630__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputCreditSpreadMember_z2rifB16H0d6" title="Input">46.0%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left">Recovery rate</td><td> </td> <td style="text-align: right"><span id="xdx_90F_ecustom--DerivativeAssetMeasurementInputPercentage_iI_dp_uRatio_c20260630__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--MeasurementInputTypeAxis__custom--MeasurementInputRecoveryRateMember_zlLoNYFx7ey6" title="Input">10.0%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left">Restricted-share discount</td><td> </td> <td style="text-align: right"><span id="xdx_903_ecustom--DerivativeAssetMeasurementInputPercentage_iI_dp_uRatio_c20260630__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputDiscountRateMember_zJOOWrniAY8l" title="Input">50.0%</td></tr> </table>

0.045

0.096

2 0.040 0.460 0.100 0.500

The conversion-price input was developed by probability-weighting the outcomes that could arise under the full-ratchet conversion-price adjustment. The scenarios and weightings were $0.12, $0.08, $0.05 and $0.03 per share at 50%, 25%, 15% and 10%, respectively, producing a probability-weighted conversion price of $0.096 per share. Because the measurement relates to a single instrument, each amount presented above is both the input used and the weighted average of that input.

1379432

876561

502871

23064634

1388324

Holding all other inputs constant, a 10% increase in the $0.045 common-stock price input would have increased the measured fair value by approximately $137,943, and a 10% decrease would have decreased it by approximately $137,943, with a corresponding and opposite effect on the amount credited to additional paid-in capital.

<table cellpadding="0" cellspacing="0" id="xdx_89D_eus-gaap--FairValueLiabilitiesMeasuredOnRecurringBasisTextBlock_zH4JgIYoy3w5" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Fair value measurements (Details - Fair value measurements)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Schedule of measurements</td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">Transaction and counterparty</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Measurement date</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Shares</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Price per share</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fair value</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Reference</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Year ended June 30, 2026</td><td> </td> <td style="text-align: right"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 35%; text-align: left">Settlement of accounts payable — C. Marshall</td><td style="width: 1%"> </td> <td style="width: 14%; text-align: center">October 1, 2025</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_989_eus-gaap--SharesIssued_iI_c20260630__srt--CounterpartyNameAxis__custom--SettlementOfAccountsPayableCMarshallMember_zPGL331H0Czc" style="width: 10%; text-align: right" title="Shares">500,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_985_eus-gaap--SharePrice_iI_c20260630__srt--CounterpartyNameAxis__custom--SettlementOfAccountsPayableCMarshallMember_z42dq09WUo36" style="width: 10%; text-align: right" title="Price per share">0.10</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_984_eus-gaap--ConvertibleDebtFairValueDisclosures_iI_c20260630__srt--CounterpartyNameAxis__custom--SettlementOfAccountsPayableCMarshallMember_zWsi2niWpPU3" style="width: 10%; text-align: right" title="Fair value">50,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 10%; text-align: center">Notes 8, 9</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Settlement of accounts payable — C. Mulgrew</td><td> </td> <td style="text-align: center">October 1, 2025</td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eus-gaap--SharesIssued_iI_c20260630__srt--CounterpartyNameAxis__custom--SettlementOfAccountsPayableCMulgrewMember_zmddOoKHgaj8" style="text-align: right" title="Shares">100,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_98D_eus-gaap--SharePrice_iI_c20260630__srt--CounterpartyNameAxis__custom--SettlementOfAccountsPayableCMulgrewMember_zqKoGWO3vBBh" style="text-align: right" title="Price per share">0.10</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eus-gaap--ConvertibleDebtFairValueDisclosures_iI_c20260630__srt--CounterpartyNameAxis__custom--SettlementOfAccountsPayableCMulgrewMember_zZwxINYEp0bi" style="text-align: right" title="Fair value">10,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center">Notes 8, 9</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Settlement of accounts payable — C. Mulgrew</td><td> </td> <td style="text-align: center">December 3, 2025</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--SharesIssued_iI_c20260630__srt--CounterpartyNameAxis__custom--SettlementOfAccountsPayableCMulgrew1Member_zP2jkDsxpsGj" style="text-align: right" title="Shares">500,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_987_eus-gaap--SharePrice_iI_c20260630__srt--CounterpartyNameAxis__custom--SettlementOfAccountsPayableCMulgrew1Member_zTaIpvcX7Ele" style="text-align: right" title="Price per share">0.10</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--ConvertibleDebtFairValueDisclosures_iI_c20260630__srt--CounterpartyNameAxis__custom--SettlementOfAccountsPayableCMulgrew1Member_zFIw9o2i6Meg" style="text-align: right" title="Fair value">50,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center">Notes 8, 9</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Settlement of loan payable — Eagle Equities, LLC</td><td> </td> <td style="text-align: center">April 1, 2026</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--SharesIssued_iI_c20260630__srt--CounterpartyNameAxis__custom--SettlementOfLoanPayableEagleEquitiesLLCMember_z5lPuY3SIAmk" style="text-align: right" title="Shares">500,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_98C_eus-gaap--SharePrice_iI_c20260630__srt--CounterpartyNameAxis__custom--SettlementOfLoanPayableEagleEquitiesLLCMember_z6Tyj9qpkZ4e" style="text-align: right" title="Price per share">0.045</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eus-gaap--ConvertibleDebtFairValueDisclosures_iI_c20260630__srt--CounterpartyNameAxis__custom--SettlementOfLoanPayableEagleEquitiesLLCMember_z9z7JyC25931" style="text-align: right" title="Fair value">22,500</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center">Note 5</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Advisory services — Checkmate Government Relations</td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt">June 3, 2026</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98C_eus-gaap--SharesIssued_iI_c20260630__srt--CounterpartyNameAxis__custom--AdvisoryServicesCheckmateGovernmentRelationsMember_z3kVX0Uk6cai" style="border-bottom: Black 1pt solid; text-align: right" title="Shares">200,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left">$</td><td id="xdx_983_eus-gaap--SharePrice_iI_c20260630__srt--CounterpartyNameAxis__custom--AdvisoryServicesCheckmateGovernmentRelationsMember_z1RpUBXlpCM" style="padding-bottom: 1pt; text-align: right" title="Price per share">0.72</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98C_eus-gaap--ConvertibleDebtFairValueDisclosures_iI_c20260630__srt--CounterpartyNameAxis__custom--AdvisoryServicesCheckmateGovernmentRelationsMember_zZNlQbkuM2Oc" style="border-bottom: Black 1pt solid; text-align: right" title="Fair value">144,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt">Note 9</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 2.5pt">Total, year ended June 30, 2026</td><td style="padding-bottom: 2.5pt"> </td> <td style="text-align: right; padding-bottom: 2.5pt"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_987_eus-gaap--SharesIssued_iI_c20260630_zefkmZNPgoP" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Shares">1,800,000</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td id="xdx_982_eus-gaap--ConvertibleDebtFairValueDisclosures_iI_c20260630_zps30YlNqOKk" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Fair value">276,500</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="text-align: right; padding-bottom: 2.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: right"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Year ended June 30, 2025</td><td> </td> <td style="text-align: right"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Rift intellectual property assignment</td><td style="padding-bottom: 2.5pt"> </td> <td style="text-align: center; padding-bottom: 2.5pt">April 1, 2025</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_98C_eus-gaap--SharesIssued_iI_c20250630__srt--CounterpartyNameAxis__custom--RiftIntellectualPropertyAssignmentMember_zOU2rpdO4yu9" style="border-bottom: Black 2.5pt double; text-align: right" title="Shares">500,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left">$</td><td id="xdx_980_eus-gaap--SharePrice_iI_c20250630__srt--CounterpartyNameAxis__custom--RiftIntellectualPropertyAssignmentMember_zgnz6KScrGs4" style="padding-bottom: 2.5pt; text-align: right" title="Price per share">0.10</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98A_eus-gaap--ConvertibleDebtFairValueDisclosures_iI_c20250630__srt--CounterpartyNameAxis__custom--RiftIntellectualPropertyAssignmentMember_zFYMXB2Z60jf" style="border-bottom: Black 2.5pt double; text-align: right" title="Fair value">50,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="text-align: center; padding-bottom: 2.5pt">Note 6</td></tr> </table>

2025-10-01

500000

0.10

50000

2025-10-01

100000

0.10

10000

2025-12-03

500000

0.10

50000

2026-04-01

500000

0.045

22500

2026-06-03

200000

0.72

144000

1800000

276500

2025-04-01

500000

0.10

50000

228858

0.12

27463

Note 11 – Commitments and contingencies Leases and occupancy The Company does not own or lease real property. The Miami Beach address is a month-to-month mail-handling and meeting-space arrangement. Aggregate cost for that arrangement was $100 for the year ended June 30, 2026. The Company has concluded that it has no leases within the scope of ASC 842. Litigation The Company is not a party to any material pending legal proceeding and is not aware of any material threatened litigation. Registration rights Under the April 1, 2026 Investor Rights Agreement, the Company agreed, following a request by HH, to file a registration statement covering the resale of HH’s registrable securities and to use reasonable best efforts to cause that registration statement to become effective. The agreement also grants HH piggyback registration rights. As of the date these financial statements were issued, no demand had been made. Indemnification The Company’s articles and bylaws provide for indemnification of directors and officers to the fullest extent permitted by the Nevada Revised Statutes. The ThinkEquity advisory agreement described in Note 14, Subsequent events, contains customary indemnification of ThinkEquity and its affiliates. The Company has not accrued any indemnification liability as of June 30, 2026 or 2025. HIE residual contingency The 33.3% HIE loss-contribution obligation was released under the April 1, 2026 Settlement Agreement described in Note 5, Loan payable due to Eagle, JV partner, and the contingent obligation of the Company to Eagle in respect of HIE was thereby extinguished. Management is not aware of any remaining claim arising under the HIE Membership Agreement. As of June 30, 2026 and through the date these financial statements were issued, the Company had no material contractual commitments, no debt obligations and no loss contingencies requiring accrual or disclosure under ASC 450-20, other than the possible penalties and interest associated with the delinquent income tax returns described in Note 12, Income taxes, the amount of which cannot be reasonably estimated at this time.

100

Note 12 – Income taxes The Company did not recognize a provision (benefit) for income taxes for the years ended June 30, 2026 and 2025. As of June 30, 2026 and 2025, the Company had net deferred tax assets principally arising from the net operating loss carryforward for income tax purposes multiplied by an expected federal rate of 21%. As management of the Company cannot determine that it is more likely than not that the Company will realize the benefit of the deferred tax assets, a valuation allowance equal to the net deferred tax assets was recorded as of June 30, 2026 and 2025. A reconciliation of the federal statutory income tax rate and amount to the Company’s effective income tax rate and income tax provision for the years ended June 30, 2026 and 2025 is presented below. The reconciliation is presented in both percentages and dollar amounts in accordance with ASC 740-10-50-12 as amended by ASU 2023-09: <table cellpadding="0" cellspacing="0" id="xdx_89C_eus-gaap--ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock_z5unQtH1Yn68" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Income taxes (Details - Effective income tax rate and income tax provision)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Schedule of effective income tax rate and income tax provision</td><td> </td> <td style="text-align: left"> </td><td id="xdx_49A_20250701__20260630_zMR6Jxsge2Q4" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49B_20240701__20250630_zChsrpmA6NKf" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">June 30, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">June 30, 2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Amount</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Rate</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Amount</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Rate</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_408_eus-gaap--IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate_maITEBzPI9_zCKFKIXjueR6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 40%; text-align: left">Federal statutory income tax rate and amount</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">(120,308</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 11%; text-align: right">21.0%</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">(109,899</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 11%; text-align: right">21.0%</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--IncomeTaxReconciliationStateAndLocalIncomeTaxes_d0_maITEBzPI9_zdb6MksiQ5R4" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">State and local income taxes, net of federal benefit</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(7,959</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1.4%</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–%</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--IncomeTaxReconciliationForeignIncomeTaxRateDifferential_d0_maITEBzPI9_z2W1jLmtx5n9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Permanent differences</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,440</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(0.6)%</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–%</td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--IncomeTaxReconciliationOtherAdjustments_d0_maITEBzPI9_z3sl8xEB2i22" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Reduction in tax attributes related to debt modification</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">466,089</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(81.4)%</td><td style="text-align: left"></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–%</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance_maITEBzPI9_zQur0slAyXJ6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Change in valuation allowance</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(341,262</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">59.6%</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">109,899</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(21.0)%</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--IncomeTaxExpenseBenefit_iT_d0_mtITEBzPI9_zsL5AcRZ4EBb" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left; padding-bottom: 2.5pt">Effective income tax rate and provision</td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">–</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">–%</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">–</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">–%</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> The Company paid no federal, state, local or foreign income taxes during either of the years ended June 30, 2026 and 2025. Accordingly, no disaggregation of income taxes paid by jurisdiction is presented. Net deferred tax assets consist of the following components as of: <table cellpadding="0" cellspacing="0" id="xdx_89D_eus-gaap--ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock_zF8fzsDbueG" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Income taxes (Details - Deferred tax assets)"> <tr style="vertical-align: bottom"> <td style="text-align: left">Schedule of net deferred tax assets</td><td> </td> <td style="text-align: left"> </td><td id="xdx_496_20260630_z9j4hKmrEty8" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_495_20250630_zYuRDbmt1Et5" style="text-align: center"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">June 30,</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">June 30,</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_407_eus-gaap--DeferredTaxAssetInterestCarryforward_iI_d0_maDTANzU8g_z5pJKyE7JbFe" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 66%; text-align: left">Section 163(j) interest limitation</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">50,268</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">–</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--DeferredTaxAssetsOperatingLossCarryforwards_iI_maDTANzU8g_zdyezXHStHqk" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Operating loss carryforward</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,806,931</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,198,461</td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--DeferredTaxAssetsValuationAllowance_iNI_di_msDTANzU8g_zUfs6RI60Qod" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Valuation allowance</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(1,857,198</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(2,198,461</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_40F_eus-gaap--DeferredTaxAssetsNet_iTI_d0_mtDTANzU8g_zuVbvCK8CzDl" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Net deferred income tax asset</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">–</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">–</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> The Company’s income tax filings in the United States and state jurisdictions remain open to examination for tax years from inception through tax year 2026. Tax attributes from years prior to that can be adjusted as a result of examinations. In the event that the Company is assessed penalties and/or interest, penalties will be charged to other operating expense, and interest will be charged to interest expense. Unfiled tax returns In connection with the change in control, current management determined that the Company’s federal and state income tax returns have not been filed for the tax years ended June 30, 2023 and for each subsequent tax year. The Company is working to prepare and file the delinquent returns as promptly as practicable. Because the Company has incurred losses in each of the periods concerned and has recorded no current tax expense, management does not expect the delinquent filings to result in a material income tax liability. Failure to file returns when due can result in penalties and interest, and the statute of limitations on assessment does not begin to run until a return is filed, so the tax years concerned remain open indefinitely. No liability for penalties or interest has been recorded because the amount, if any, cannot be reasonably estimated at this time. The absence of filed returns also affects the determination of the Company’s net operating loss carryforwards and the Section 382 analysis described below. Section 382 limitation The transactions described in Notes 1, Description of business, 7, Debt, 8, Related party transactions, and 9, Stockholders’ equity, resulted in an ownership change within the meaning of Section 382 of the Internal Revenue Code. Section 382 limits the amount of pre-change net operating loss carryforwards and other tax attributes that may be used to offset taxable income in any post-change year. The annual limitation is generally equal to the value of the loss corporation immediately before the ownership change multiplied by the long-term tax-exempt rate. The Company is in the process of completing an analysis to determine the amount of the limitation and the availability of its tax attributes. The gross deferred tax asset presented above has not been reduced for the effect of that limitation; any reduction, when determined, will be offset by an equal reduction in the valuation allowance and will have no effect on the Company’s net deferred tax asset, results of operations or financial position. As of June 30, 2026, the Company had federal net operating loss carryforwards of approximately $8,610,430, all of which arose in tax years beginning after December 31, 2017 and may be carried forward indefinitely, subject to an annual utilization limitation of 80% of taxable income. Because the Company has not filed federal or state income tax returns for the tax year ended June 30, 2023 or any subsequent tax year, this amount is a management estimate that is subject to change upon the preparation and filing of those returns. The Company is also evaluating the treatment of the $375,751 gain recognized on the settlement of the Eagle Debt and the tax effect of the debt to equity conversion of the Convertible Note, which may constitute cancellation of indebtedness income excludible from taxable income under Section 108(a)(1)(B) of the Internal Revenue Code and subject to the attribute reduction rules of Section 108(b), which would further reduce the Company’s net operating loss carryforwards.

0.21

<table cellpadding="0" cellspacing="0" id="xdx_89C_eus-gaap--ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock_z5unQtH1Yn68" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Income taxes (Details - Effective income tax rate and income tax provision)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Schedule of effective income tax rate and income tax provision</td><td> </td> <td style="text-align: left"> </td><td id="xdx_49A_20250701__20260630_zMR6Jxsge2Q4" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49B_20240701__20250630_zChsrpmA6NKf" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">June 30, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">June 30, 2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Amount</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Rate</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Amount</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Rate</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_408_eus-gaap--IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate_maITEBzPI9_zCKFKIXjueR6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 40%; text-align: left">Federal statutory income tax rate and amount</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">(120,308</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 11%; text-align: right">21.0%</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">(109,899</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 11%; text-align: right">21.0%</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--IncomeTaxReconciliationStateAndLocalIncomeTaxes_d0_maITEBzPI9_zdb6MksiQ5R4" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">State and local income taxes, net of federal benefit</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(7,959</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1.4%</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–%</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--IncomeTaxReconciliationForeignIncomeTaxRateDifferential_d0_maITEBzPI9_z2W1jLmtx5n9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Permanent differences</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,440</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(0.6)%</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–%</td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--IncomeTaxReconciliationOtherAdjustments_d0_maITEBzPI9_z3sl8xEB2i22" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Reduction in tax attributes related to debt modification</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">466,089</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(81.4)%</td><td style="text-align: left"></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–%</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance_maITEBzPI9_zQur0slAyXJ6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Change in valuation allowance</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(341,262</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">59.6%</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">109,899</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(21.0)%</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--IncomeTaxExpenseBenefit_iT_d0_mtITEBzPI9_zsL5AcRZ4EBb" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left; padding-bottom: 2.5pt">Effective income tax rate and provision</td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">–</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">–%</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">–</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">–%</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table>

-120308

0.21

-109899

0.21

-7959

0.014

3440

-0.006

466089

-0.814

-341262

0.596

109899

-0.210

<table cellpadding="0" cellspacing="0" id="xdx_89D_eus-gaap--ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock_zF8fzsDbueG" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Income taxes (Details - Deferred tax assets)"> <tr style="vertical-align: bottom"> <td style="text-align: left">Schedule of net deferred tax assets</td><td> </td> <td style="text-align: left"> </td><td id="xdx_496_20260630_z9j4hKmrEty8" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_495_20250630_zYuRDbmt1Et5" style="text-align: center"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">June 30,</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">June 30,</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_407_eus-gaap--DeferredTaxAssetInterestCarryforward_iI_d0_maDTANzU8g_z5pJKyE7JbFe" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 66%; text-align: left">Section 163(j) interest limitation</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">50,268</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">–</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--DeferredTaxAssetsOperatingLossCarryforwards_iI_maDTANzU8g_zdyezXHStHqk" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Operating loss carryforward</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,806,931</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,198,461</td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--DeferredTaxAssetsValuationAllowance_iNI_di_msDTANzU8g_zUfs6RI60Qod" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Valuation allowance</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(1,857,198</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(2,198,461</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_40F_eus-gaap--DeferredTaxAssetsNet_iTI_d0_mtDTANzU8g_zuVbvCK8CzDl" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Net deferred income tax asset</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">–</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">–</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

50268

1806931

2198461

1857198

2198461

8610430

375751

Note 13 – Earnings (loss) per share Basic net loss per common share is computed by dividing net loss available to common stockholders by the weighted-average number of common shares outstanding during the period. Diluted net loss per common share includes the effect of potential common shares only when their inclusion is dilutive. Because the Company reported a net loss for the years ended June 30, 2026 and 2025, potential common shares were excluded from diluted net loss per share because their effect would have been antidilutive. The following table reconciles the numerator and denominator used in the basic and diluted net loss per common share calculations: <table cellpadding="0" cellspacing="0" id="xdx_89C_eus-gaap--ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_z2TlydZz2CDk" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Earnings (loss) per share (Details - Basic and diluted net loss per common share)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Schedule of basic and diluted net loss per common share</td><td> </td> <td style="text-align: left"> </td><td id="xdx_490_20250701__20260630_zmYXbPJtroid" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49D_20240701__20250630_zWR7xSgUY0Gf" style="text-align: center"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Year ended June 30, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Year ended June 30, 2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_401_eus-gaap--NetIncomeLoss_zFxgE8ouh7H6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 66%; text-align: justify">Net loss</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">(572,893</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">(523,327</td><td style="width: 1%; text-align: left">)</td></tr> <tr id="xdx_40A_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_zOCmvrD6s6fl" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Weighted-average common shares outstanding — basic</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">24,992,743</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">8,705,044</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--WeightedAverageNumberDilutedSharesOutstandingAdjustment_d0_zBwlShOAKtGa" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Effect of dilutive potential common shares</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_zjDpi0vkTZCg" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; text-align: justify">Weighted-average common shares outstanding — diluted</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">24,992,743</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">8,705,044</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: justify">Basic and diluted net loss per common shares</td><td style="padding-bottom: 2.5pt; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">(0.02</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left">)</td><td style="padding-bottom: 2.5pt; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">(0.06</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left">)</td></tr> </table> The following potentially dilutive securities were excluded from the computation of diluted net loss per share because their effect would have been anti-dilutive: <table cellpadding="0" cellspacing="0" id="xdx_891_eus-gaap--ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock_zTRyTXefTfL5" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Earnings (loss) per share (Details - Anti-dilutive)"> <tr style="vertical-align: bottom"> <td style="text-align: justify">Schedule of anti-dilutive shares</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">June 30, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">June 30, 2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 66%; text-align: left">Stock options (weighted-average exercise price $0.70 and $0.98, respectively)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_983_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20250701__20260630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__custom--StockOptionsMember_zxaewmvr5hz5" style="width: 13%; text-align: right" title="Anti-dilutive shares">115,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98D_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20240701__20250630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__custom--StockOptionsMember_z9VKLVjmHoq2" style="width: 13%; text-align: right" title="Anti-dilutive shares">322,600</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Common stock to be issued (CGR)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20250701__20260630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__custom--CommonStockToBeIssuedMember_zZukQwTSngu2" style="text-align: right" title="Anti-dilutive shares">200,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_d0_c20240701__20250630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__custom--CommonStockToBeIssuedMember_zegyP5NqwePa" style="text-align: right" title="Anti-dilutive shares">–</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 1pt">Stock to be issued (Rift IP)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_986_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_d0_c20250701__20260630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__custom--StockToBeIssuedMember_zDfcosp94Yi7" style="border-bottom: Black 1pt solid; text-align: right" title="Anti-dilutive shares">–</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_983_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20240701__20250630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__custom--StockToBeIssuedMember_ztqpUAlu68u3" style="border-bottom: Black 1pt solid; text-align: right" title="Anti-dilutive shares">500,000</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; padding-bottom: 2.5pt">Total potential dilutive securities</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_988_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20250701__20260630_zzVyuxrfYOvh" style="border-bottom: Black 2.5pt double; text-align: right" title="Anti-dilutive shares">315,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_989_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20240701__20250630_z1YAzig4fCB" style="border-bottom: Black 2.5pt double; text-align: right" title="Anti-dilutive shares">822,600</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> Because the Company incurred a net loss in each period presented, the effect of all potential common shares was anti-dilutive and was excluded from diluted loss per share for the portion of each period during which the underlying instrument was outstanding. Common shares issued upon conversion or exercise were included in the basic and diluted weighted-average share denominator beginning on their respective issuance dates. The fiscal 2026 denominator includes 23,064,634 shares issued on conversion of the Convertible Note from June 1, 2026, <span id="xdx_90D_eus-gaap--StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities_c20260601__20260603__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesAPreferredStockMember_zidf8JnTHzDe" title="Shares issued conversion">13,000,000 shares issued on conversion of the Series A Preferred Stock from June 3, 2026, and <span id="xdx_90B_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_iI_c20260611__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember_z1ff4Kt3lDF3" title="Shares issued cashless exercise of warrant">218,952,662 shares issued on cashless exercise of the HH Warrant from June 11, 2026.

<table cellpadding="0" cellspacing="0" id="xdx_89C_eus-gaap--ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_z2TlydZz2CDk" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Earnings (loss) per share (Details - Basic and diluted net loss per common share)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Schedule of basic and diluted net loss per common share</td><td> </td> <td style="text-align: left"> </td><td id="xdx_490_20250701__20260630_zmYXbPJtroid" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49D_20240701__20250630_zWR7xSgUY0Gf" style="text-align: center"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Year ended June 30, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Year ended June 30, 2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_401_eus-gaap--NetIncomeLoss_zFxgE8ouh7H6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 66%; text-align: justify">Net loss</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">(572,893</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">(523,327</td><td style="width: 1%; text-align: left">)</td></tr> <tr id="xdx_40A_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_zOCmvrD6s6fl" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Weighted-average common shares outstanding — basic</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">24,992,743</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">8,705,044</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--WeightedAverageNumberDilutedSharesOutstandingAdjustment_d0_zBwlShOAKtGa" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Effect of dilutive potential common shares</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_zjDpi0vkTZCg" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; text-align: justify">Weighted-average common shares outstanding — diluted</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">24,992,743</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">8,705,044</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: justify">Basic and diluted net loss per common shares</td><td style="padding-bottom: 2.5pt; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">(0.02</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left">)</td><td style="padding-bottom: 2.5pt; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">(0.06</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left">)</td></tr> </table>

-572893

-523327

24992743

8705044

24992743

8705044

-0.02

-0.06

<table cellpadding="0" cellspacing="0" id="xdx_891_eus-gaap--ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock_zTRyTXefTfL5" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Earnings (loss) per share (Details - Anti-dilutive)"> <tr style="vertical-align: bottom"> <td style="text-align: justify">Schedule of anti-dilutive shares</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">June 30, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">June 30, 2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 66%; text-align: left">Stock options (weighted-average exercise price $0.70 and $0.98, respectively)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_983_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20250701__20260630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__custom--StockOptionsMember_zxaewmvr5hz5" style="width: 13%; text-align: right" title="Anti-dilutive shares">115,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98D_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20240701__20250630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__custom--StockOptionsMember_z9VKLVjmHoq2" style="width: 13%; text-align: right" title="Anti-dilutive shares">322,600</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Common stock to be issued (CGR)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20250701__20260630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__custom--CommonStockToBeIssuedMember_zZukQwTSngu2" style="text-align: right" title="Anti-dilutive shares">200,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_d0_c20240701__20250630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__custom--CommonStockToBeIssuedMember_zegyP5NqwePa" style="text-align: right" title="Anti-dilutive shares">–</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 1pt">Stock to be issued (Rift IP)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_986_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_d0_c20250701__20260630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__custom--StockToBeIssuedMember_zDfcosp94Yi7" style="border-bottom: Black 1pt solid; text-align: right" title="Anti-dilutive shares">–</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_983_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20240701__20250630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__custom--StockToBeIssuedMember_ztqpUAlu68u3" style="border-bottom: Black 1pt solid; text-align: right" title="Anti-dilutive shares">500,000</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; padding-bottom: 2.5pt">Total potential dilutive securities</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_988_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20250701__20260630_zzVyuxrfYOvh" style="border-bottom: Black 2.5pt double; text-align: right" title="Anti-dilutive shares">315,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_989_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20240701__20250630_z1YAzig4fCB" style="border-bottom: Black 2.5pt double; text-align: right" title="Anti-dilutive shares">822,600</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

0.70

0.98

115000

322600

200000

500000

315000

822600

23064634

13000000

218952662

Note 14 – Subsequent events The Company evaluated subsequent events through September 11, 2026, the date financial statements were issued. ThinkEquity advisory warrants — July 20, 2026 Subsequent to June 30, 2026, the Company issued warrants to purchase 14,000,000 shares of common stock in connection with an advisory and subscription arrangement. The warrants did not affect the Company’s fiscal 2026 financial statements. The Company is completing its assessment of the applicable accounting model, grant date, grant-date fair value, allocation of consideration between financing and services, vesting conditions and the period over which any compensation cost will be recognized. On July 20, 2026, the Company entered into an Advisory Agreement with ThinkEquity LLC under which ThinkEquity will provide advisory services related to M&A and capital-markets strategies. As partial consideration under the advisory agreement, the Company issued warrants to purchase an aggregate of 14,000,000 shares of common stock for a purchase price of $0.01 per warrant, or $140,000 in cash, pursuant to executed Subscription Agreements dated July 20, 2026 with ThinkEquity LLC and fifteen designees. Each warrant has an exercise price of $0.01 per share, is exercisable from issuance through December 31, 2026, includes a cashless-exercise provision, and contains customary anti-dilution provisions for stock dividends, splits and recapitalizations consistent with FINRA Rule 5110. The warrants were issued, and the shares issuable upon their exercise will be issued, in a private placement under Section 4(a)(2) of the Securities Act, are restricted securities under Rule 144, and were not outstanding as of June 30, 2026. Amended and Restated Articles of Incorporation – August 20, 2026 As described in Note 9, Stockholders’ equity, on June 17, 2026 the Company’s majority stockholder approved by written consent an amendment and restatement of the Company’s Articles of Incorporation to change the Company’s name to “Hawkeye Digital, Inc.,” to increase the authorized capital stock from 450,000,000 shares to 10,050,000,000 shares (consisting of 10,000,000,000 shares of common stock and 50,000,000 shares of preferred stock), and to reclassify the Board of Directors into three classes serving staggered three-year terms; and further approved a reverse stock split of the Company’s issued and outstanding common stock at a ratio of not less than 1-for-2 nor greater than 1-for-20, to be implemented at the discretion of the Board at any time prior to June 17, 2027. The Amended and Restated Articles of Incorporation were filed with the Secretary of State of Nevada and became effective on August 20, 2026. No Reverse Stock Split has been effected as of the date of these financial statements, and the ratio and effective date of any Reverse Stock Split remain within the discretion of the Board of Directors. Employment offer letters — September 1, 2026 On September 1, 2026, the Company issued at-will offer letters to four individuals, with a start date of September 1, 2026. Annual salaries will be accrued, however, cash payments will be deferred until the Company completes its current fundraising and will then be paid monthly. Each letter provides for a discretionary annual bonus, Company-paid employee medical coverage beginning January 1, 2027, three weeks of vacation and reimbursement of reasonable business expenses. The four individuals are the Company’s first employees; the Company had no employees during the year ended June 30, 2026. Salaries begin to accrue on September 1, 2026 and are not payable in cash until the Company completes its current fundraising, so the letters do not create a near-term cash obligation. Because the offer letters were entered into after the balance sheet date, no amounts were accrued as of June 30, 2026; compensation expense and the related accrued liability begin to be recognized on September 1, 2026 at an aggregate rate of $900,000 per annum. See Note 4, Liquidity. Post-year-end advisory engagement Subsequent to the reporting period, the Company secured an advisory engagement. Services were performed in July and August 2026 and the Company expects to recognize approximately $600,000 of advisory fee revenue in cash and equity, subject to a non-binding letter of intent. Because the agreement was entered into and the related services were performed after June 30, 2026, no revenue, receivable, contract asset, or related cost of revenue associated with the agreement was recognized in the Company’s fiscal year 2026 financial statements. Escrow Deposit The Company deposited $550,000 of cash into an escrow account in connection with a non-binding letter of intent in contemplation of negotiating a potential transaction. The letter of intent does not obligate either party to consummate the contemplated transaction, which remains subject to negotiation and execution of definitive agreements. The escrow deposit is fully refundable to the Company if the contemplated transaction is not consummated. Accordingly, no adjustment has been made to the accompanying financial statements. As of the date these financial statements were issued, the parties have not entered into a definitive agreement, and the $550,000 remained in escrow.

false false false false We have not adopted insider trading policies or procedures governing the purchase, sale or other dispositions of our securities by our directors, officers or employees, or by the Company itself, other than the provisions of our Code of Ethics described above. false We do not have a formal written policy or practice regarding the timing of awards of stock options, stock appreciation rights or similar option-like instruments in relation to the disclosure of material nonpublic information. We did not grant any stock options, stock appreciation rights or similar option-like instruments during the fiscal year ended June 30, 2026, and accordingly no such awards were granted during the period beginning four business days before the filing of a periodic report on Form 10-Q or Form 10-K, or the filing or furnishing of a Current Report on Form 8-K that disclosed material nonpublic information, and ending one business day after the filing or furnishing of any such report. We do not time the disclosure of material nonpublic information for the purpose of affecting the value of executive compensation. false