v3.26.3
PROPERTY AND EQUIPMENT
 12 Months Ended
Jun. 30, 2026
PROPERTY AND EQUIPMENT  
PROPERTY AND EQUIPMENT

5. PROPERTY AND EQUIPMENT

 

Property and equipment consisted of the following at June 30:

 

 

 

2026

 

 

2025

 

 

 

 

 

 

 

 

Furniture and equipment

 

$2,242

 

 

$2,242

 

Leasehold improvements

 

 

9,978

 

 

 

40,885

 

 

 

 

 

 

 

 

 

 

Total

 

 

12,220

 

 

 

43,127

 

Less accumulated depreciation and amortization

 

 

(11,330 )

 

 

(1,058

) 

 

 

 

 

 

 

 

 

 

Net

 

$890

 

 

$42,069

 

 

Depreciation expense for the years ended June 30, 2026 and 2025 was $10,271 and $1,058, respectively. During the year ended June 30, 2026 and 2025, we impaired leasehold improvements and recognized impairment expense of $38,966 and $0, respectively.