v3.26.3
Consolidated Balance Sheets
Jun. 30, 2026
USD ($)
Jun. 30, 2025
USD ($)
CURRENT ASSETS:    
Cash $ 832,006 $ 12,088
GST tax receivable 13,694 5,302
Prepaid expenses - current portion 7,661,967 8,334,046
Other current assets 34,923 1,380
TOTAL CURRENT ASSETS 8,542,590 8,352,816
Deferred offering costs 291,773
Prepaid expenses - long-term portion 4,190,543 10,925,835
Security deposit - related party 2,074 1,971
Operating lease right-of-use assets, net - related party 40,790 59,413
Property and equipment, net 3,915
TOTAL ASSETS 12,779,912 19,631,808
CURRENT LIABILITIES:    
Accounts payable 1,131,429 1,249,596
Accrued expenses and other payables 855,350 1,486,550
Accrued interest 128,318 190,795
Notes payable, net of discount 543,312
Convertible notes, net of discounts and including put premiums 537,921
Operating lease liability - related party, current portion 24,489 17,664
Embedded conversion option liabilities 403,892
Employee benefit liability 754,038 667,901
TOTAL CURRENT LIABILITIES 3,354,433 5,578,240
NON-CURRENT LIABILITIES:    
Loan payable - long-term - related party, net of discount 105,627
Operating lease liability - long-term portion - related party 23,818 41,749
TOTAL NON-CURRENT LIABILITIES 23,818 147,376
TOTAL LIABILITIES 3,378,251 5,725,616
Commitments and Contingencies (See Note 9)
STOCKHOLDERS’ EQUITY:    
Common stock, $0.001 par value; 10,000,000,000 shares authorized; 3,310,827 and 464,471 shares issued and outstanding as of June 30, 2026 and 2025, respectively 3,310 464
Common stock issuable (487,939 and 310 shares as of June 30, 2026 and 2025, respectively) 487
Additional paid-in capital 152,752,314 138,254,808
Accumulated other comprehensive income 1,176,255 1,318,917
Accumulated deficit (144,484,230) (125,621,520)
Treasury stock ($0.001 share) (46,477) (46,477)
TOTAL STOCKHOLDERS’ EQUITY 9,401,661 13,906,192
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 12,779,912 19,631,808
Series A Preferred Stock [Member]    
STOCKHOLDERS’ EQUITY:    
Preferred stock, value
Series B Preferred Stock [Member]    
STOCKHOLDERS’ EQUITY:    
Preferred stock, value
Series C Preferred Stock [Member]    
STOCKHOLDERS’ EQUITY:    
Preferred stock, value 2
Nonrelated Party [Member]    
CURRENT LIABILITIES:    
Loans payable 65,280
Related Party [Member]    
CURRENT LIABILITIES:    
Accrued interest 28,318 56,935
Loans payable 460,809 415,329
Operating lease liability - related party, current portion 24,489 17,664
NON-CURRENT LIABILITIES:    
Loan payable - long-term - related party, net of discount 0 105,627
Operating lease liability - long-term portion - related party $ 23,818 $ 41,749