Related Parties |
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| Related Party Transactions [Abstract] | |||||||||||||||||||||||||||||||||||||||||||
| Related Parties | 11. Related Parties
Related parties include the Company’s directors, executive officers, holders of more than 5% of the Company’s common stock, and their immediate family members and affiliated entities.
During the year ended June 30, 2026, the Company received advances of $55,887 from its director for working capital purposes. As of June 30, 2026 and June 30, 2025, the Company owed $217,878 and $161,990, respectively, to such director.
The advances are non-interest bearing and may be prepaid by the Company without penalty. The loan is repayable over a five-year period. The loan agreement permits repayment in shares of common stock only if mutually agreed by the parties.
11.1 As of June 30, 2026 and 2025, the Company owed its director an interest-free loan of $217,878 and $161,990, respectively.
F-13
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