v3.26.3
Consolidated Statement of Cash Flows - USD ($)
 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities    
Net loss $ (174,160,864) $ (6,742,275)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 265,885 203,777
Accretion of note payable discount 20,000 83,048
Non-cash interest expense 151,216 344,886
Change in fair value of digital assets 116,318,363
Impairment of goodwill 2,237,910
Stock based compensation 9,227,013 3,203,230
Non-cash professional fees 26,482,428
Non-cash lease expense (5,562) (1,484)
Reversal of contingent liability (111,987)
Modification of related party debt 18,022
Provision for bad debt and write-off on uncollectable accounts 22,520 221,241
Provision for inventory reserve and write-off 671,425
Impairment of intangibles 1,748,969 261,250
Foreign exchange (gain)/loss 4,146 (120)
Changes in operating assets and liabilities:    
Accounts receivable 176,860 (138,859)
Inventory (232,951) (326,958)
Prepaid expenses (678,746) (172,198)
Deferred revenue (10,395)
Due to related parties (215,277) 216,896
Accounts payable and accrued liabilities (190,725) 614,268
Net cash used in operating activities (18,157,390) (2,337,659)
Investing activities    
Purchase of property and equipment (37,555) (32,389)
Purchase of digital assets (148,605,650)
Sale of digital assets 18,368,360
Cash used in acquisition (581,792)
Net cash used in investing activities (130,274,845) (614,181)
Financing activities    
Proceeds from issuance of common stock (ATM), net of fees 27,270,510
Proceeds from related party loans 332,193
Proceeds from issuance of promissory notes and warrants 1,510,000
Proceeds from exercise of warrants 370,408 403,171
Proceeds from issuance of original issue discount notes 500,000
Proceeds from pre-funded warrants, net of fees 137,907,255
Funds provided for related party notes receivable (1,000,000)
Payments for deferred offering costs (1,078,967) (53,477)
Payments on notes payable (660,000) (316,920)
Repayments of loans due to related parties (425,241)
Net cash provided by financing activities 162,383,965 2,374,967
Effect of exchange rate changes on cash and cash equivalents 22,485 21,259
Net increase (decrease) in cash 13,974,216 (555,614)
Cash and cash equivalents at beginning of year 1,460,997 2,016,611
Cash and cash equivalents at the end of year 15,435,213 1,460,997
Supplementary cash flow disclosure    
Interest paid 80,448 48,830
Unpaid deferred offering costs 70,585
Debt to equity conversion 3,920,314 644,625
Digital assets received in connection with pre-funded warrants 26,349,890
Issuance of debt in connection with acquisition 800,000
Issuance of warrants in connection with acquisition 181,475
Fair value of assets acquired $ 1,563,267