v3.26.3
Statements of Stockholders’ Equity (Deficit) - USD ($)
Redeemable Series A
Preferred Stock
Series A
Preferred Stock
Class A
Common Stock
Class B
Common Stock
Common Stock Subscriptions
Additional Paid-In Capital
Accumulated Deficit
Total
Balance at Jun. 30, 2024 $ 120,000,000 $ 3,299 $ 616 $ 63,495,755 $ (181,169,253) $ (117,669,583)
Balance (in Shares) at Jun. 30, 2024 4,000,000 32,993,283 6,154,670        
Stock based compensation           484,947   484,947
Class A common stock issued for cash     $ 37     2,899,963   2,900,000
Class A common stock issued for cash (in Shares)     362,500          
Shares issued to settle common stock subscriptions with related party     $ 19   (1,500,000) 1,499,981  
Shares issued to settle common stock subscriptions with related party (in Shares)     187,500          
Net Income (Loss)             (14,065,948) (14,065,948)
Class A common stock subscription         1,500,000     1,500,000
Class A common stock issued for cash to related party     $ 19     $ 1,499,981   1,500,000
Class A common stock issued for cash to related party (in Shares)     187,500          
Reclass from Class A common stock to Class B common stock     $ (778) $ 778      
Reclass from Class A common stock to Class B common stock (in Shares)     (7,782,970) 7,782,970        
Reclass of Series A preferred stock from mezzanine to permeant equity $ (4,000,000) $ 4,000,000            
Reclass of Series A preferred stock from mezzanine to permeant equity (in Shares) 120,000,000 400       119,999,600   120,000,000
Warrants issued for services           $ 497,076   $ 497,076
Balance at Jun. 30, 2025 $ 400 $ 2,596 $ 1,394 190,377,303 (195,235,201) (4,853,508)
Balance (in Shares) at Jun. 30, 2025 4,000,000 25,947,813 13,937,640        
Stock based compensation           259,354   259,354
Class A common stock issued for cash     $ 34     2,699,966   2,700,000
Class A common stock issued for cash (in Shares)     337,500          
Class A common stock issued for services     $ 13     999,987   1,000,000
Class A common stock issued for services (in Shares)     125,000          
Shares issued to settle common stock subscriptions with related party     $ 51     4,076,000   4,076,051
Shares issued to settle common stock subscriptions with related party (in Shares)     509,507          
Shares converted from Class B to Class A common stock     $ 1 $ (1)      
Shares converted from Class B to Class A common stock (in Shares)     12,000 (12,000)        
Class A common stock issued upon conversion of related party notes payable     $ 180     3,763,872   3,764,052
Class A common stock issued upon conversion of related party notes payable (in Shares)     1,806,935          
Shares issued in connection with exercise of warrants     $ 25     332,475   332,500
Shares issued in connection with exercise of warrants (in Shares)     250,000          
Common Stock Subscriptions received, net of offering costs         8,018,358     8,018,358
Deemed dividends attributable to warrant reissuance value           11,411,498 (11,411,498)
Net Income (Loss)             (13,044,799) (13,044,799)
Balance at Jun. 30, 2026   $ 400 $ 2,900 $ 1,393 $ 8,018,358 $ 213,920,455 $ (219,691,498) $ 2,252,008
Balance (in Shares) at Jun. 30, 2026   4,000,000 28,988,755 13,925,640