| Schedule of Revenues by Geographic Area |
The
accounting policies of the segment is the same as those described in Note 2, “Summary of Significant Accounting Policies.”
Schedule of segments of operations
| | |
Gym Equipment | | |
Total | |
| | |
For the fiscal year ended June 30, 2026 | |
| | |
Gym Equipment | | |
Total | |
| | |
| | |
| |
| Revenue | |
$ | 5,609,615 | | |
$ | 5,609,615 | |
| Cost of Goods Sold | |
| (5,129,025 | ) | |
| (5,129,025 | ) |
| Segment Gross Profit | |
| 480,590 | | |
| 480,590 | |
| | |
| | | |
| | |
| | |
| | | |
| | |
| Supplemental Segment Information: | |
| | | |
| | |
| Amortization of operating right of use assets | |
| (434,880 | ) | |
| (434,880 | ) |
| Depreciation expenses | |
| (25,907 | ) | |
| (25,907 | ) |
| Change in fair value of warrants | |
| | | |
| | |
| Loss on extinguishment of warrants | |
| | | |
| | |
| Realized gain on investments | |
| | | |
| | |
| Unrealized loss on digital assets | |
| (2,819,151 | ) | |
| (2,819,151 | ) |
| Realized loss on digital assets | |
| (2,974,088 | ) | |
| (2,974,088 | ) |
| Financing cost | |
| (800,000 | ) | |
| (600,000 | ) |
| | |
| | | |
| | |
| Unrealized loss on investments in fund | |
| (39,910 | ) | |
| (39,910 | ) |
| Gain on fair value of convertible notes | |
| 3,681,139 | | |
| 3,681,139 | |
| Staking reward income | |
| 94,633 | | |
| 94,633 | |
| Loss on extinguishment of debts | |
| (4,818,933 | ) | |
| (4,818,933 | ) |
| Loss on issuance of derivative and common stock | |
| (1,510,307 | ) | |
| (1,510,307 | ) |
| Gain on change in fair value of derivative liability | |
| 66,754 | | |
| 66,754 | |
| Interest income | |
| 171,909 | | |
| 171,909 | |
| Interest expense | |
| (1,204,645 | ) | |
| (1,204,645 | ) |
| | |
| | | |
| | |
| Total Assets | |
$ | 71,456,618 | | |
$ | 71,456,618 | |
| | |
Gym Equipment | | |
Total | |
| | |
For the fiscal year ended June 30, 2025 | |
| | |
Gym Equipment | | |
Total | |
| | |
| | |
| |
| Revenue | |
$ | 5,200,138 | | |
$ | 5,200,138 | |
| Cost of Goods Sold | |
| (3,157,996 | ) | |
| (3,157,996 | ) |
| Segment Gross Profit | |
| 2,042,142 | | |
| 2,042,142 | |
| | |
| | | |
| | |
| | |
| | | |
| | |
| Supplemental Segment Information: | |
| | | |
| | |
| Amortization of operating right of use assets | |
| (303,869 | ) | |
| (303,869 | ) |
| Depreciation expense | |
| (9,467 | ) | |
| (9,467 | ) |
| Change in fair value of warrants | |
| 2,024,942 | | |
| 2,024,942 | |
| Loss on extinguishment of warrants | |
| (285,346 | ) | |
| (285,346 | ) |
| Financing cost | |
| (600,000 | ) | |
| (600,000 | ) |
| Realized gain on investments | |
| 50,675 | | |
| 50,675 | |
| | |
| | | |
| | |
| Interest income | |
| 215,586 | | |
| 215,586 | |
| Interest expense | |
| (114,006 | ) | |
| (114,006 | ) |
| | |
| | | |
| | |
| Total Assets | |
$ | 11,395,509 | | |
$ | 11,395,509 | |
Geographic
Information
The
Company attributes revenue to geographic areas based on the principal place of business of its customers at the time revenue is recognized.
For
the years ended June 30, 2026 and 2025, all of the Company’s revenues were generated from customers located in Australia. No revenues
were generated from customers located in the United States.
The
following table presents revenues by geographic area:
Schedule
of Revenues by Geographic Area
| | |
2026 | | |
2025 | |
| | |
For the fiscal year ended June 30 | |
| | |
2026 | | |
2025 | |
| | |
| | |
| |
| United States | |
$ | - | | |
$ | - | |
| Australia | |
| 5,609,615 | | |
| 5,200,138 | |
| Total revenues | |
| 5,609,615 | | |
| 5,200,138 | |
|