v3.26.3
PROVISION FOR INCOME TAXES (Tables)
 12 Months Ended
Jun. 30, 2026
Income Tax Disclosure [Abstract]  
SCHEDULE OF COMPONENT OF PROVISION FOR INCOME TAXES

The components of loss before provision for income taxes for the years ended June 30, 2026 and 2025 were as follows:

   2026   2025 
   For the Years Ended
June 30,		 
   2026   2025 
         
Loss subject to domestic income taxes  $(15,426,033)  $(1,221,400)
Loss subject to foreign income taxes   -    -
Total loss  $(15,426,033)  $(1,221,400)
SCHEDULE OF STATUTORY FEDERAL INCOME TAX RATE

A reconciliation of the expected tax provision at the statutory federal income tax rate to the Company’s recorded tax provision consisted of the following, subsequent to the adoption of ASU 2023-09:

   Amount   Percent 
   For the Year Ended
June 30, 2026		 
   Amount   Percent 
         
Computed expected tax benefit at U.S. federal tax statutory rate  $(3,239,467)   -21.0%
State benefit, net of federal benefit   (134,895)   -4.2%
Nontaxable or nondeductible items:          
Stock based compensation expense   81,454    25.2%
Goodwill   2,530,654    25.2%
Valuation allowance   762,254    -25.2%
           
Provision for income tax and effective tax rate  $-    0.0%

 

 

A reconciliation of the expected tax provision at the statutory federal income tax rate to the Company’s recorded tax provision consisted of the following, prior to the adoption of ASU 2023-09:

 

   For the Year Ended
June 30, 2025		 
     
Computed expected tax benefit at U.S. federal tax statutory rate  $(256,494)
State benefit, net of federal benefit   (5,238)
Nontaxable or nondeductible items:     
Stock based compensation expense   68,429 
Goodwill   (271,419)
Valuation allowance   464,722 
      
Provision for income tax  $- 
SCHEDULE OF DEFERRED TAX ASSETS

Net deferred tax asset consisted of the following as of June 30, 2026 and 2025:

   2026   2025 
   As of June 30, 
   2026   2025 
         
Net operating loss carryforwards  $12,215,461   $8,189,759 
Goodwill and intangible asset   2,216,688    3,467,304 
Stock based compensation   399,052    369,595 
Other   -    583,433 
Total deferred tax assets   14,831,201    12,610,091 
Valuation allowance   (14,831,201)   (12,610,091)
Deferred tax asset, net  $-   $- 
SCHEDULE OF UNRECOGNIZED TAX BENEFITS

The following table summarizes the activity related to unrecognized tax benefits for the years ended June 30, 2026 and 2025:

    2026     2025  
    For the Years Ended June 30,  
    2026     2025  
             
Unrecognized tax benefit - beginning of year   $ -     $ 38,588  
Gross increases - prior year tax positions     -       -  
Gross decreases - prior year tax positions     -       (38,588 )
Gross increases - current year tax positions     -       -  
Gross decreases - current year tax positions     -       -  
Statute lapse     -       -  
Total provision for income taxes   $ -     $ -