RELATED PARTY TRANSACTIONS |
12 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Related Party Transactions [Abstract] | |
| RELATED PARTY TRANSACTIONS | NOTE 11 — RELATED PARTY TRANSACTIONS
As of June 30, 2026, the Company has accrued $384,949 of compensation related expenses for the Company’s former Chief Executive Officer, Mark Dybul, payment of which has been deferred as a result of budget constraints. (see Note 14 for status update.)
As of June 30, 2026, the Company had $600,000 outstanding unsecured promissory notes payable to Rene Sindlev, a stockholder of the Company, in the aggregate principal amount of $600,000 The notes bear interest at 10% per annum and matured on June 30, 2026. As of June 30, 2026, accrued and unpaid interest was $44,027.
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