INCOME TAXES (Details Narrative) - USD ($) |
12 Months Ended | |
|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| INCOME TAXES | ||
| Net income (loss) before income taxes | $ 856,102 | $ (1,341,979) |
| Gain on extinguishment of debt | $ 2,923,004 | |
| Federal statutory rate | 21.00% | |
| Net operating loss carryforwards | $ 43,560,000 | 42,000,000.0 |
| Net operating loss | (1,364,165) | $ (1,650,142) |
| Pre-tax book income | 856,102 | |
| Taxable loss | $ (1,565,619) | |
| Income tax rate reconciliation description | Amounts in the rate reconciliation are presented in whole dollars, and percentages are rounded to one decimal place so that each column sums to the effective rate; the fiscal 2026 percentage for the non-taxable change in fair value of derivative liabilities (6.66%) is presented as 6.6% and the fiscal 2025 percentage for the non-taxable gain on extinguishment (11.35%) is presented as 11.4% for that purpose. The fiscal 2025 true-up of the prior-year net operating loss estimate of $56,638 represents the difference between the $403,000 increase in the deferred tax asset for net operating loss carryforwards during fiscal 2025 (from $8,416,000 at June 30, 2024 to $8,819,000 at June 30, 2025) and the $346,362 tax effect of the fiscal 2025 taxable loss presented above | |
| Net operating loss carryforwards expiration date | approximately $43.56 million. NOLs generated in tax years beginning before January 1, 2018 expire in various years through fiscal 2037. NOLs generated in tax years beginning after December 31, 2017 may be carried forward indefinitely but are subject to the 80% of taxable income limitation | |
| Defered tax assets valuation allowance | $ 328,780 | |