16. SUBSEQUENT EVENTS

Management has evaluated subsequent events according to the requirements of ASC TOPIC 855, and has determined there are no material events to be disclosed except as follows:

As of July 15, 2026, the Company opted not to renew its operating lease, which significantly reduced the undiscounted future cash flows at June 30, 2026. At June 30, 2026 we revalued the right of use asset and lease liability to zero and recorded the difference of $(11,967) to rent expense. In addition, as a result of this event, at June 30, 2026 we determined the carrying amount of leasehold improvements exceeded expected undiscounted cash flows, therefore we recognized impairment expense of $38,966 and $0 for the years ended June 30, 2026 and 2025, respectively.

On July 21, 2026 the Company entered into a convertible promissory note with Quick Capital for a principal amount of $225,000 and received net cash of $195,000 after original discount and fees of $30,000 that were recorded as a debt discount.  The note has a maturity date of one year from its execution date and includes a one-time interest charge of $27,000 which represents a 12% guaranteed interest.