v3.26.3
Schedule of consolidated balance sheet (Details) - USD ($)
Dec. 31, 2025
Jun. 30, 2025
Dec. 31, 2024
Jun. 30, 2024
Current assets        
Cash and cash equivalents $ 8,796,111 $ 2,890,822    
Accounts receivable, net 338,023 242,079    
Inventory, at cost 2,836,261 3,042,629    
Note receivable 2,500,000 2,500,000    
Deposits and prepaids 1,044,122 313,979    
Prepaid offering costs 300,000 600,000    
Total current assets 15,814,517 9,589,509    
Property and equipment, net 17,846 20,122    
Operating right of use asset, net 151,619 287,322    
Investment 1,400    
Intangible assets – digital assets 50,672,418    
Brand names 337,504 337,504    
Goodwill 1,161,052 1,161,052    
Total assets 68,156,356 11,395,509 $ 9,912,795  
Current liabilities        
Accounts payable and accrued expenses 1,555,093 1,326,988    
Dividend payable 1,038,027    
Deferred revenue 318,700 335,956    
Income tax payable 76,933 196,587    
Due to related parties 16,441      
Current portion of operating lease liability 153,362 286,378    
Total current liabilities 3,158,556 2,161,192    
Accrued employee benefits, non-current 37,127 32,177    
Convertible notes, net 44,736,545  
Total liabilities 47,932,228 2,205,551    
Commitments and contingencies (Note 11)    
Stockholders’ equity:        
Additional paid-in capital 38,420,548 19,874,591    
Accumulated other comprehensive loss (492,444) (10,219)    
Accumulated deficit (17,722,509) (10,676,516)    
Total stockholders’ equity 20,224,128 9,189,958 $ 7,399,216 $ 9,008,872
Total liabilities and stockholders’ equity 68,156,356 11,395,509    
Common Class A [Member]        
Stockholders’ equity:        
Common stock, value 17,889 2,102    
Common Class B [Member]        
Stockholders’ equity:        
Common stock, value 644    
Previously Reported [Member]        
Current assets        
Cash and cash equivalents 8,796,111      
Accounts receivable, net 338,023      
Inventory, at cost 2,836,261      
Note receivable 2,500,000      
Deposits and prepaids 629,122      
Prepaid offering costs 300,000      
Total current assets 15,399,517      
Property and equipment, net 17,846      
Operating right of use asset, net 151,619      
Investment 1,400      
Intangible assets – digital assets 50,672,418      
Brand names 337,504      
Goodwill 1,161,052      
Total assets 67,741,356      
Current liabilities        
Accounts payable and accrued expenses 1,555,093      
Dividend payable 1,038,027      
Deferred revenue 318,700      
Income tax payable 76,933      
Due to related parties 16,441      
Current portion of operating lease liability 153,362      
Total current liabilities 3,158,556      
Accrued employee benefits, non-current 37,127      
Convertible notes, net 51,028,839      
Total liabilities 54,224,522      
Commitments and contingencies (Note 11)      
Stockholders’ equity:        
Additional paid-in capital 34,084,318      
Accumulated other comprehensive loss (39,266)      
Accumulated deficit (20,546,751)      
Total stockholders’ equity 13,516,834      
Total liabilities and stockholders’ equity 67,741,356      
Previously Reported [Member] | Common Class A [Member]        
Stockholders’ equity:        
Common stock, value 17,889      
Previously Reported [Member] | Common Class B [Member]        
Stockholders’ equity:        
Common stock, value 644      
Revision of Prior Period, Reclassification, Adjustment [Member]        
Current assets        
Cash and cash equivalents      
Accounts receivable, net      
Inventory, at cost      
Note receivable      
Deposits and prepaids [1] 415,000      
Prepaid offering costs      
Total current assets 415,000      
Property and equipment, net      
Operating right of use asset, net      
Investment      
Intangible assets – digital assets      
Brand names      
Goodwill      
Total assets 415,000      
Current liabilities        
Accounts payable and accrued expenses      
Dividend payable      
Deferred revenue      
Income tax payable      
Due to related parties      
Current portion of operating lease liability      
Total current liabilities      
Accrued employee benefits, non-current      
Convertible notes, net [2] (6,292,294)      
Total liabilities (6,292,294)      
Commitments and contingencies (Note 11)      
Stockholders’ equity:        
Additional paid-in capital [3] 4,336,230      
Accumulated other comprehensive loss [4] (453,178)      
Accumulated deficit [5] 2,824,242      
Total stockholders’ equity 6,707,294      
Total liabilities and stockholders’ equity 415,000      
Revision of Prior Period, Reclassification, Adjustment [Member] | Common Class A [Member]        
Stockholders’ equity:        
Common stock, value      
Revision of Prior Period, Reclassification, Adjustment [Member] | Common Class B [Member]        
Stockholders’ equity:        
Common stock, value      
[1] Amount was originally recorded in debt issuance costs. However, there is no debt discount recorded when a convertible note is measured in its entirety at fair value under the Fair Value Option under ASC 825. As such this amount was reclassified out of debt issuance costs.
[2] This represents the total amount of adjustments to the notes to mark them to fair value as of December 31, 2025.
[3] This represents the total amount of adjustments to correct additional paid in capital primarily related to the conversion of the notes.
[4] For changes in the fair value of the convertible notes, the portion caused by changes in the note’s instrument-specific credit risk-the Company’s ability to fulfill that obligation is categorized in accumulated other comprehensive income (loss). This amount represents those changes.
[5] See notes to the consolidated statement of operations and comprehensive loss below for detail of the adjustments to accumulated deficit.