| SCHEDULE OF BUSINESS SEGMENT INFORMATION |
The
Company operates as a single operating and reportable segment under ASC Topic 280 and the CODM reviews financial information on a consolidated
basis, the significant expense categories and other segment items regularly provided to and reviewed by the CODM are presented below.
SCHEDULE
OF BUSINESS SEGMENT INFORMATION
| | |
Consolidated
June
30, 2026 | | |
Consolidated June
30, 2025 | |
| | |
| | |
| |
| Revenue | |
$ | 467,788 | | |
$ | 133,202 | |
| Cost of revenue | |
| 299,128 | | |
| 51,789 | |
| Gross profit | |
| 168,660 | | |
| 81,413 | |
| Operating expenses: | |
| | | |
| | |
| Depreciation and amortization | |
| (331,833 | ) | |
| (351,797 | ) |
| Impairment on property, plant and equipment | |
| - | | |
| (137,632 | ) |
| Inventories written off | |
| (57,328 | ) | |
| - | |
| Impairment on assets held for sale | |
| (4,000 | ) | |
| (5,866 | ) |
| Payroll expenses | |
| (1,265,110 | ) | |
| (2,615,348 | ) |
| Consultant fees | |
| (842,839 | ) | |
| (1,425,097 | ) |
| Research and development expense | |
| (187,500 | ) | |
| (472,090 | ) |
| Legal and professional fees | |
| (629,795 | ) | |
| (453,355 | ) |
| Other segment expenses | |
| (649,645 | ) | |
| (642,249 | ) |
| Loss from operations | |
| (3,799,390 | ) | |
| (6,022,021 | ) |
| Interest expense | |
| - | | |
| (102,703 | ) |
| Rental income | |
| - | | |
| 38,200 | |
| Unrealized foreign exchange gains | |
| 218,514 | | |
| 582,034 | |
| Gain from insurance claim | |
| - | | |
| 481,513 | |
| Gain on disposal of property, plant and equipment | |
| - | | |
| 164,624 | |
| Gain on forgiveness of debts | |
| 163,281 | | |
| - | |
| Interest income | |
| 28,568 | | |
| 70,650 | |
| Other income | |
| 7,000 | | |
| 4,690 | |
| Income tax | |
| - | | |
| - | |
| Net loss | |
$ | (3,382,027 | ) | |
$ | (4,783,013 | ) |
|