v3.26.3
Income Taxes (Tables)
 6 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the U.S. federal statutory rate to the Company’s effect income tax rate is as follows:

 

   As of
December 31, 2025		 
     
U.S. federal statutory rate   21.0%
      
Change in fair value of conversion feature   40.8%
      
Change in valuation allowance   (61.8)%
Provision (benefit) for income taxes   0.0%
Schedule of Deferred Income Tax Assets and Liabilities

GAAP requires deferred income tax assets and liabilities to be measured at the enacted tax rate expected to apply when temporary differences are to be realized or settled. Significant components of net deferred tax assets (liabilities) at December 31, 2025 are as follows:

 

   As of
December 31, 2025		 
Deferred Tax Asset (Liability)     
      
Stock Based Compensation  $92,829 
Change in Fair Value of Digital Assets   5,251,131 
Interest expense, net   57,564 
NOL - Federal   13,021,839 
Change in Fair Value of Convertible Note Conversion Feature   (493,561)
Change in Fair Value of Derivative Securities   (22,315)
 Net operating losses   17,907,487 
Valuation Allowance   (17,907,487)
Deferred Tax Asset (Liability)  $- 

 

 

Valuation Allowance Roll Forward

 

Deferred:  As of
December 31, 2025		 
US Federal expense (benefit)  $(17,907,487)
State and local expense (benefit)   - 
Change in valuation allowance   17,907,487 
Total  $-