v3.26.3
Debts and Other Liabilities (Tables)
12 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Schedule of Carrying Amount of Promissory Note

 

   June 30, 2026   June 30, 2025 
Promissory note issued on November 12, 2019  $-   $500,000 
Promissory note issued on December 30, 2019, related party   50,000    50,000 
Total other debt  $50,000   $550,000 
Schedule of Consideration Used to Extinguish the Debt

The Company accounted for the exchange as an extinguishment of debt. The consideration used to extinguish the debt consists of the following:

 

      
Principal  $500,000 
75,000 shares of common stock   (833,250)
Loss on extinguishment of debt  $(333,250)
Schedule of Future Maturities over Remaining Term of Debt

Future maturities over the remaining term of total debt for (1) to (3) are as follows:

 

      
2027 (1)  $103,351 
2028   27,025 
Long-term debt   130,376 
Less: current portion (1)   (103,351)
Long-term portion of debt  $27,025 

 

(1) Includes $50,000 related party debt