DEBT |
12 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Debt Disclosure [Abstract] | |
| DEBT | NOTE 6. DEBT
Note Payable
On March 26, 2021, the Company entered into a promissory note agreement with a third party for a total principal of $125,000. The Company will pay 2.5% per annum, compounded annually until the total principal is paid in full. The note has no maturity date and no default interest rate. During the year ended June 30, 2024, the Company repaid a total of $74,500, $67,026 and $7,474 of principal and accrued interest. During the year ended June 30, 2026, the Company repaid a total of $57,974 and $3,590 of principal and accrued interest. As of June 30, 2026, and June 30, 2025, the balance owed on the note was $0 and $57,974, respectively. Accrued interest on the note was $0 and $1,815 as of June 30, 2026, and June 30, 2025, respectively.
On July 30, 2024, the Company entered into a promissory note agreement for a total principal of $. The Company will pay % per annum, until the total principal is paid in full. The note has no maturity date and a default interest rate of 18%. As of June 30, 2025, the balance owed on the note was $. Accrued interest on the note was $ as of June 30, 2025. In December 2024, the noteholder elected to receive shares in settlement of the principal balance. The Company agreed to issue shares of common stock to settle the note payable in January 2025. In September 2025, the Company issued shares pursuant to the settlement of $ in notes payable. The Company recorded a loss on the settlement of $ during the year ended June 30, 2026. As of June 30, 2026 and June 30, 2025, the balance owed on the note was $ and $, respectively. Accrued interest on the note was $ and $ as of June 30, 2026 and June 30, 2025, respectively.
On June 13, 2025, the Company entered into a promissory note agreement for a total principal of $100,000. The Company will pay 8.0% per annum, until the total principal is paid in full. The note matures on January 2, 2026 and has no default interest rate. As of June 30, 2026 and 2025, the balance owed on the note was $100,000. Accrued interest on the note was $8,373 and $373 as of June 30, 2026 and 2025, respectively.
Note Payable – related party
On July 22, 2025, the Company entered into a promissory note agreement with a significant shareholder for total principal of $. The Company will pay % per annum, until the total principal is paid in full. The note matures on and has no default interest rate. During the year ended June 30, 2026, the Company repaid a total of $ of principal and $ of accrued interest. As of June 30, 2026, the balance owed on the note and accrued interest was $.
On September 2, 2025, the Company entered into a promissory note agreement with the Company’s CEO for total principal of $75,000. The Company will pay 2.5% per annum, until the total principal is paid in full. The note matures on November 2, 2027 and has no default interest rate. During the year ended June 30, 2026, the Company repaid a total of $75,000 of principal and $844 of accrued interest. As of June 30, 2026, the balance owed on the note and accrued interest was $0.
On September 15, 2025, the Company entered into a promissory note agreement with the Company’s CEO for total principal of $35,000. The Company will pay 2.5% per annum, until the total principal is paid in full. The note matures on November 15, 2027 and has no default interest rate. During the year ended June 30, 2026, the Company repaid a total of $35,000 of principal and $1,159 of accrued interest. As of June 30, the balance owed on the note and accrued interest was $0.
On October 7, 2025, the Company entered into a promissory note agreement with the Company’s CEO for total principal of $50,000. The Company will pay 8% per annum, until the total principal is paid in full. The note matures on November 15, 2027 and has no default interest rate. During the year ended June 30, 2026, the Company repaid a total of $50,000 of principal and $1,400 of accrued interest. As of June 30, 2026, the balance owed on the note and accrued interest was $0.
On October 24, 2025, the Company entered into a promissory note agreement with the Company’s CEO for total principal of $40,000. The Company will pay 8% per annum, until the total principal is paid in full. The note matures on November 15, 2027 and has no default interest rate. During the year ended June 30, 2026, the Company repaid a total of $40,000 and $978 of accrued interest. As of June 30, 2026, the balance owed on the note and accrued interest was $0.
On November 3, 2025, the Company entered into a promissory note agreement with the Company’s CEO for total principal of $20,000. The Company will pay 8% per annum, until the total principal is paid in full. The note matures on December 15, 2027 and has no default interest rate. During the year ended June 30, 2026, the Company repaid a total of $20,000 of principal and $444 of accrued interest. As of June 30, 2026, the balance owed on the note and accrued interest was $0.
On November 25, 2025, the Company entered into a promissory note agreement with a significant shareholder for total principal of $. The Company will pay % per annum, until the total principal is paid in full. The note matures on and has no default interest rate. During the year ended June 30, 2026, the Company repaid a total of $ of principal and $ of accrued interest. As of June 30, 2026, the balance owed on the note and accrued interest was $.
On December 24, 2025, the Company entered into a promissory note agreement with the Company’s CEO for total principal of $32,500. The Company will pay 8% per annum, until the total principal is paid in full. The note matures on December 15, 2027 and has no default interest rate. During the year ended June 30, 2026, the Company repaid a total of $32,500 of principal and $498 of accrued interest. As of June 30, 2026, the balance owed on the note and accrued interest was $0.
On January 27, 2026, the Company entered into a promissory note agreement with the Company’s CEO for total principal of $20,500. The Company will pay 8% per annum, until the total principal is paid in full. The note matures on December 15, 2027 and has no default interest rate. During the year ended June 30, 2026, the Company repaid a total of $20,500 of principal and $292 of accrued interest. As of June 30, 2026, the balance owed on the note and accrued interest was $0.
Advances – related party
During the year ended June 30, 2026, the Company received advances of $50,000 from a relative of the Company’s CEO and $4,000 from the Company’s CEO. The Company repaid a total of $50,000 of these advances to the relative and $4,000 to the Company’s CEO during the year ended June 30, 2026. As of June 30, 2026, the Company owed $0 in advances from related parties.
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