v3.26.3
SCHEDULE OF RELATED PARTY TRANSACTIONS (Details) - USD ($)
12 Months Ended
Aug. 16, 2024
Jun. 30, 2026
Jun. 30, 2025
Related Party Transaction [Line Items]      
Forgiveness of debts   $ 163,281
Mr Jack Wong [Member]      
Related Party Transaction [Line Items]      
Rental income [1]   30,000
Sale of property [1]   857,500
Borneo Oil Corporation Sdn [Member]      
Related Party Transaction [Line Items]      
Interest expense paid [2]   1,738
Creative and technical services fee paid $ 675,888 [2] 675,888 [2]
SB Resorts Sdn Bhd [Member]      
Related Party Transaction [Line Items]      
Rental expense paid [3]   3,431
Mr Teo Zye Keun [Member]      
Related Party Transaction [Line Items]      
Creative and technical services fee paid [4]   38,712
Makin Teguh Sdn Bhd [Member]      
Related Party Transaction [Line Items]      
Forgiveness of debts [5]   19,379
J Ambrose and Partners [Member]      
Related Party Transaction [Line Items]      
Forgiveness of debts [6]   $ 11,293
[1] Jack Wong serves as CEO and Chairman of the Company. The Company completed the sale of property located at 1138 Wildhorse Parkway Drive, Chesterfield, Missouri 63005, owned by Verde Renewables, for a current market value of $857,500 on December 19, 2024. A gain on disposal of $161,156 was recognized for the year ended June 30, 2025.
[2] On August 16, 2024, BOC and the Company entered into an arrangement to settle the debt of $675,888 owing to BOC by way of the issuance of 9,655,542 shares of the Company’s Common Stock. The settlement was deemed to be a capital transaction which represented a distribution to an equity holder and therefore was not charged in earnings. Refer Note 15 for further details regarding this transaction.
[3] SB Resorts Sdn Bhd and BOC are wholly owned subsidiaries of BOB.
[4] Teo Zye Keun is a Director of The Wision Project Sdn Bhd, a subsidiary of the Company.
[5] Makin Teguh Sdn Bhd is an associate of BOB. BOB held approximately 12.94% of the Company’s issued and outstanding Common Stock as of June 30, 2026.
[6] J. Ambrose & Partners is controlled by J Ambrose who is one of the shareholders of the Company, and he held 1.533% of the Company’s issued and outstanding Common Stock as of June 30, 2026. Ambrose is also the managing director and a substantial shareholder of BOB.