SUBSEQUENT EVENTS |
12 Months Ended |
|---|---|
Jun. 30, 2026 | |
| SUBSEQUENT EVENTS | |
| SUBSEQUENT EVENTS | NOTE 12 – SUBSEQUENT EVENTS
Stock Issuances
On July 1, 2026, the Company issued 250,000 common shares for services in the amount of $3,500.
On July 6, 2026, the Company issued 1,785,714 common shares for services in the amount of $25,000.
On July 9, 2026, the Company issued 13,750,000 common shares that were converted from a convertible note with a principal amount of $125,000 and accrued interest of $12,500.
On July 22, 2026, the Company issued 750,000 common shares for services in the amount of $9,750.
On July 22, 2026, the Company issued 5,500,000 common shares that were converted from a convertible note with a principal amount of $50,000 and accrued interest of $5,000.
On August 3, 2026, the Company issued 1,100,000 common shares that were converted from a convertible note with a principal amount of $10,000 and accrued interest of $1,000.
On August 12, 2026, the Company issued 1,100,000 common shares that were converted from a convertible note with a principal amount of $10,000 and accrued interest of $1,000.
On August 12, 2026, the Company issued 2,200,000 common shares that were converted from a convertible note with a principal amount of $20,000 and accrued interest of $2,000.
Convertible Notes
On July 28, 2026, the Company issued a convertible note in the amount of $50,000. In connection with the convertible note, the Company issued 5,000,000 warrants with an exercise price of $0.01 and a three-year term.
On August 21, 2026, the Company issued a convertible note in the amount of $25,000. In connection with the convertible note, the Company issued 2,500,000 warrants with an exercise price of $0.01 and a three-year term.
On August 25, 2026, the Company issued a convertible note in the amount of $20,000. In connection with the convertible note, the Company issued 2,000,000 warrants with an exercise price of $0.01 and a three-year term.
On September 4, 2026, the Company issued a convertible note in the amount of $50,000. In connection with the convertible note, the Company issued 5,000,000 warrants with an exercise price of $0.01 and a three-year term.
On September 8, 2026, the Company issued a convertible note in the amount of $50,000. In connection with the convertible note, the Company issued 5,000,000 warrants with an exercise price of $0.01 and a three-year term.
Auctus Settlement Agreement
On September 25, 2026, Xeriant and Auctus extended the terms of the Settlement Agreement through October 31, 2026, which included a two-year extension of the warrants previously issued to Auctus.
Midland Compounding Litigation
On August 6, 2026, the Company settled the lawsuit with Midland Compounding by agreeing to make three $10,000 payments by September 30, 2026, and in return getting back equipment and chemicals previously provided by Xeriant.
Intellectual Property
On July 14, 2026, a formal patent was issued by the United States Patent and Trademark Office (USPTO) related to NexBoard, titled “Multilayered Fire-Resistant Polymer Composite and Method for Producing Same,” for a method of producing a unique fire-resistant thermoplastic and fiber composite material which may be formed or shaped into various construction products of different thicknesses and dimensions were issued to Xeriant. Just prior to that date, Xeriant filed two continuing applications adding additional claims, and a PCT (Patent Cooperation Treaty) application, an international patent application that streamlines the process of pursuing patent protection in multiple countries. |