v3.26.3
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income (loss) $ 856,102 $ (1,341,979)
Adjustments to reconcile net income to net cash used in operating activities:    
Stock based compensation 352,150 384,260
Common stock issued for note conversion fees 3,500 0
Amortization of debt discount 420,524 67,194
Gain on change in fair value of derivative liability (271,391) (33,761)
Gain on extinguishment of debt (2,923,004) (725,059)
Changes in operating assets and liabilities:    
Accounts payable and accrued expenses 79,963 312,195
Accrued interest payable and default amounts added to note principal 201,260 363,323
Accrued compensation 367,548 570,150
Change in prepaid expenses (540) (7,500)
Net cash used in operating activities (913,888) (411,177)
Cash flows from financing activities:    
Advances from officers and directors, net 85,500 95,225
Repurchase of warrants (4,000) 0
Repayment of notes payable and convertible notes payable (400,824) (201,560)
Proceeds from sale of common stock 375,000 0
Proceeds from sale of preferred stock 300,000 0
Proceeds from short term note payable 528,000 569,200
Payment of debt issuance costs (7,720) 0
Net cash provided by financing activities 875,956 462,865
Net increase (decrease) in cash (37,932) 51,688
Cash at beginning of period 60,144 8,456
Cash at end of period 22,212 60,144
Cash paid for:    
Interest 121,793 48,679
Income taxes 0 0
Noncash Investing and Financing Activities    
Issuance of common stock for conversion of notes payable, accrued interest, and fees 317,035 265,823
Initial fair value of derivative liabilities recorded as debt discount 263,586 0
Original issue discount on notes payable 130,500 0
Commitment shares issued with notes payable (recorded as debt discount) 18,788 0
Promissory notes reclassified to convertible notes payable upon default 255,494 0
Issuance of common stock to settle accrued compensation and consulting fees ("salary equitization") 2,834,819 0
Liabilities extinguished in connection with Series D exchanges (including separately forgiven accrued interest) 1,724,089 0
Fair value of Series D Convertible Preferred Stock issued in debt-for-equity exchanges (see Note 7 and Note 9) 83,802 0
Debt issuance costs included in accounts payable $ 5,800 $ 0