T-REX Acquisition (TRXA) 10-Q/A 17 Feb 23 2023 Q2 Quarterly report (amended) Financial data

Cover

Cover - shares	6 Months Ended
	Dec. 31, 2022	Feb. 17, 2023
Cover [Abstract]
Entity Registrant Name	T-REX Acquisition Corp.
Entity Central Index Key	0001437750
Document Type	10-Q/A
Amendment Flag	true
Current Fiscal Year End Date	--06-30
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Document Period End Date	Dec. 31, 2022
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2023
Entity Common Stock Shares Outstanding		19,840,618
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	333-266766
Entity Incorporation State Country Code	NV
Entity Tax Identification Number	26-1754034
Entity Address Address Line 1	7301 NW 4th Street
Entity Address Address Line 2	Suite 102
Entity Address City Or Town	Plantation
Entity Address State Or Province	FL
Entity Address Postal Zip Code	33317
City Area Code	954
Local Phone Number	742-3001
Entity Interactive Data Current	Yes
Amendment Description	This Amendment No. 1 to the Quarterly Report on Form 10-Q for T-REX Acquisition Corp. for the quarter ending December 31, 2022, and originally filed on February 14, 2023 (the “Original Filing”) is being filed solely to correct the inadvertent cover page indication by check mark that the registrant is a “shell company” (as defined by Rule 12b-2 of the Exchange Act). The registrant is no longer a shell company as of February 17, 2022. Pursuant to Rule 12b-15 of the Exchange Act, as amended, this Form 10-Q/A contains new certifications pursuant to Section 302 of Sarbanes-Oxley Act of 2002, which are attached hereto. Because no financial statements are included with this Form 10-Q/A, paragraph 3 of the certifications in Exhibits 31.1 and 31.2 has been omitted. This Amendment No. 1 does not update or amend any other items in the Original Filing in any way other than as described in the preceding paragraphs, and the Original Filing, as amended by this Amendment No. 1, continues to speak as of the date of the Original Filing. Accordingly, this Amendment No. 1 should be read in conjunction with the Original Filing and the Company’s other filings with the Securities and Exchange Commission.

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2022	Jun. 30, 2022
CURRENT ASSETS
Cash	$ 25,306	$ 104
Prepaid Consulting	76,106	47,834
TOTAL CURRENT ASSETS	101,412	47,938
NON-CURRENT ASSETS
Plant and Equipment	477,186	421,633
Crypto Currency Held	3,120	9,211
Prepaid Consulting	228,320	408,804
Facility Deposit	0	10,570
TOTAL NON-CURRENT ASSETS	708,626	850,218
TOTAL ASSETS	810,038	898,156
CURRENT LIABILITIES:
Accounts Payable and Accrued Expenses	28,553	18,954
Due to Related Party	245,900	120,000
TOTAL CURRENT LIABILITIES	274,453	138,954
TOTAL LIABILITIES	274,453	138,954
Commitments and Contingencies	0	0
STOCKHOLDERS' EQUITY (DEFICIT)
Common Stock, 0.0001 par value, authorized 350,000,000 shares and 19,840,618 and 19,573,952 issued and outstanding as of December 31, 2022, and June 30, 2022, respectively	1,984	1,957
Additional Paid In Capital	5,601,120	4,918,002
Shares to be issued	100,000	0
Accumulated deficit	(5,167,519)	(4,160,757)
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)	535,585	759,202
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	$ 810,038	$ 898,156

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2022	Jun. 30, 2022
CONSOLIDATED BALANCE SHEETS
Common stock, shares par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	350,000,000	350,000,000
Common stock, shares issued	19,840,618	19,573,952
Common stock, shares outstanding	19,840,618	19,573,952

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS UNAUDITED - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
CONSOLIDATED STATEMENTS OF OPERATIONS UNAUDITED
REVENUE	$ 11,958	$ 0	$ 37,787	$ 0
Cost of goods sold	40,151	0	82,686	0
Gross Profit	(28,153)	0	(44,899)	0
EXPENSES
Transfer Agent and Filing Fees	1,922	4,433	4,801	8,566
Professional Fees	19,439	20,406	49,684	74,330
Management and Consulting Fees	127,000	45,000	259,000	830,850
Share based compensation	0	770,850	635,358
Administration Fees	6,259	116	13,019	116
TOTAL EXPENSES	154,620	840,805	961,863	913,862
Loss from Operations	(182,813)	(840,805)	(1,006,762)	(913,862)
Gain (loss) on Crypto held			0
Interest Expense	0	0	0	0
LOSS BEFORE TAXES	(182,813)	(840,805)	(1,006,762)	(913,862)
Provision for Income Taxes	0	0	0	0
NET LOSS	$ (182,813)	$ (840,805)	$ (1,006,762)	$ (913,862)
NET LOSS PER COMMON SHARE - BASIC & DILUTED	$ (0.01)	$ (0.52)	$ (0.05)	$ (0.06)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - BASIC & DILUTED	19,759,459	1,619,106	19,666,705	15,851,171

CONSOLIDATED STATEMENT OF CHANG

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY UNAUDITED - USD ($)	Total	Shares to be issued	Common Stock	Additional Paid-in Capital	Accumulated Deficit
Balance, shares at Jun. 30, 2021			14,669,106
Balance, amount at Jun. 30, 2021	$ (46,124)	$ 0	$ 1,467	$ 2,818,968	$ (2,866,559)
Shares issued for related party debt conversion, shares			1,500,000
Shares issued for related party debt conversion, amount	45,000		$ 150	44,850
Share based expense for warrants vested	770,850		$ 0	770,850
Shares issued for subscriptions, shares			747,837
Shares issued for subscriptions, amount	560,875		$ 75	560,800
Shares issued for services, shares			1,475,000
Shares issued for services, amount	$ 604,749		$ 148	604,602
Shares issued for debt conversion, shares	1,182,009		1,182,009
Shares issued for debt conversion, amount	$ 118,050		$ 118	117,932
Net Loss	(1,294,198)		0	0	(1,294,198)
Balance, amount at Jun. 30, 2022	759,202		$ 1,958	4,918,001	(4,160,757)
Balance, shares at Jun. 30, 2022			19,573,952
Share based expense for warrants vested	483,145		$ 0	483,145
Net Loss	(823,949)		$ 0	0	(823,949)
Shares issued for cash received, shares			266,666
Shares issued for cash received, amount	200,000		$ 27	199,973
Adjustment for par value			0	0
Balance, amount at Sep. 30, 2022	618,398		$ 1,985	5,601,119	(4,984,706)
Balance, shares at Sep. 30, 2022			19,840,618
Balance, shares at Jun. 30, 2022			19,573,952
Balance, amount at Jun. 30, 2022	759,202		$ 1,958	4,918,001	(4,160,757)
Net Loss	(1,006,762)
Balance, amount at Dec. 31, 2022	535,585	$ 100,000	$ 1,985	5,601,119	(5,167,519)
Balance, shares at Dec. 31, 2022		133,334	19,840,618
Balance, shares at Sep. 30, 2022			19,840,618
Balance, amount at Sep. 30, 2022	618,398		$ 1,985	5,601,119	(4,984,706)
Net Loss	(182,813)		0	0	(182,813)
Shares to be issued for cash received, shares		1,333,344
Shares to be issued for cash received, amount	100,000	$ 100,000	0	0
Balance, amount at Dec. 31, 2022	$ 535,585	$ 100,000	$ 1,985	$ 5,601,119	$ (5,167,519)
Balance, shares at Dec. 31, 2022		133,334	19,840,618

CONSOLIDATED STATEMENT OF CASH

CONSOLIDATED STATEMENT OF CASH FLOWS UNAUDITED - USD ($)	6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
OPERATING ACTIVITIES
Net Loss	$ (1,006,762)	$ (913,862)
Adjustments to reconcile net loss to net cash used in operating activities
Share based compensation	635,357	770,850
Depreciation	36,191	0
Changes in Assets and Liabilities
Changes in Crypto Currency Held	6,091	0
Facility Deposit	10,570
Related Party Accruals	125,900	118,049
Accounts Payable and Accrued Expenses	9,599	21,848
Net Cash Used by Operating Activities	(183,054)	(3,115)
INVESTING ACTIVITIES:
Purchase of Equipment	(91,744)	(356,400)
Purchase of Land	0	0
Net cash used by investing activities	(91,744)	(356,400)
FINANCING ACTIVITIES:
Proceeds from subscriptions receivable	0	360,875
Proceeds from common shares issued	200,000	0
Proceeds from common shares to be issued	100,000
Net cash provided by financing activities	300,000	360,875
NET INCREASE (DECREASE) IN CASH	25,202	1,360
CASH AT BEGINNING OF PERIOD	104	0
CASH AT END OF PERIOD	25,306	1,360
Supplemental Cashflow Information
Interest Paid	0	0
Taxes Paid	0	0
Supplemental Disclosure of Non- Cash Investing and Financing Activities
Share-based compensation - warrants vested	483,145	770,850
Share-based compensation - shares vested	$ 152,212	$ 604,749

ORGANIZATION AND DESCRIPTION OF

ORGANIZATION AND DESCRIPTION OF BUSINESS	6 Months Ended
	Dec. 31, 2022
ORGANIZATION AND DESCRIPTION OF BUSINESS
ORGANIZATION AND DESCRIPTION OF BUSINESS	NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS T-REX Acquisition Corp. (The “ Company As of December31, 2022, the Company is a holding company with the following subsidiaries: Raptor Mining LLC, a Florida limited liability company (“ Raptor Mining Merger Sub Megalodon 2020 TRXA Merger Sub Inc. On March 13, 2020, the Company incorporated the Merger Sub in order to facilitate the acquisition of a pre-revenue Software-as-a-Service internet platform business. The Company’s sole Officer and Director currently serves as the sole officer and director of the Merger Sub. As of the date of this filing, neither the Company nor the Merger Sub have entered into a definitive agreement or non-binding letter of intent to acquire a company and Merger Sub is an inactive subsidiary of the Company. 2021 Raptor Mining LLC and 2022 Megalodon Mining and Electric LLC On July 9, 2021, the Company formed Raptor Mining in order to pursue the Company’s new business operating strategy to engage in cryptocurrency mining, which is used to secure decentralized network protocols and decentralized distributed ledgers. On July 1, 2022, the Company formed Megalodon to investigate and potentially pursue a cryptocurrency co-location business model. The cryptocurrency co-location business model is based on a company, which has access to data centers and inexpensive cryptocurrency mining inputs, such as low-cost electricity supply, offering to host third-party owned cryptocurrency mining equipment in exchange for a fee, which may consist of a mix of cash and cryptocurrency consideration. As of the date of this quarterly filing, the Company has commenced researching the acquisition of land to begin offering co-location services to other cryptocurrency miner owners. These unaudited interim consolidated financial statements should be read in conjunction with the Company’s financial statements and notes thereto included in the Company’s fiscal year end June 30, 2022, and June 30, 2021, respectively. The Company assumes that the users of the interim financial information herein have read, or have access to, the audited financial statements for the preceding period, and that the adequacy of additional disclosure needed for a fair presentation may be determined in that context. The results of operations for the three and six months ended December 31, 2022, are not necessarily indicative of results for the entire year ending June 30, 2023.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Dec. 31, 2022
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The Company’s financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Determination of Bad Debts The Company’s policy is to analyze the collectability of Accounts and Notes Receivable on a monthly basis to determine whether any allowance for doubtful accounts is necessary. Once the allowance has been determined the offset is booked to bad debt expense and subsequently if the account is deemed to be a bad debt, it is written off the allowance for doubtful accounts. Principles of Consolidation On March 13, 2020, the Company incorporated Merger Sub in order to facilitate the acquisition of a pre-revenue Software-as-a-Service internet platform business. The Company’s sole Officer and Director currently serves as the sole officer and director of the Merger Sub. As of the date of this filing, neither the Company nor the Merger Sub have entered into a definitive agreement or non-binding letter of intent to acquire a company. On July 9, 2021, the Company organized Raptor Mining, which currently generates revenues via its operating business. On July 1, 2022, the Company formed Megalodon to investigate and potentially pursue a cryptocurrency co-location business model. The cryptocurrency co-location business model is based on a company, which has access to data centers and inexpensive cryptocurrency mining inputs, such as low-cost electricity supply, offering to host third-party owned cryptocurrency mining equipment in exchange for a fee, which may consist of a mix of cash and cryptocurrency consideration. As of the date of this quarterly filing, the Company has commenced researching the acquisition of land to begin offering co-location services to other cryptocurrency miner owners. Use of estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates include the estimated useful lives of property and equipment. Actual results could differ from those estimates. Cash equivalents The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. Fair value of financial instruments The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph 820-10-35-37 of the FASB Accounting Standards Codification (“Paragraph 820-10-35-37”) to measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in accounting principles generally accepted in the United States of America (U.S.) GAAP and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three (3) broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three (3) levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below: Level 1 Quoted market prices available in active markets for identical assets or liabilities as of the reporting date. Level 2 Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3 Pricing inputs that are generally unobservable inputs and not corroborated by market data. The carrying amount of the Company’s financial assets and liabilities, such as cash, and accrued expenses approximate their fair value because of the short maturity of those instruments. The Company’s notes payable approximate the fair value of such instruments based upon management’s best estimate of interest rates that would be available to the Company for similar financial arrangements as of December 31, 2022. The assets and liabilities recorded on the balance sheet approximate their fair value. Equipment Equipment is recorded at cost. Expenditures for major additions and betterments are capitalized. Maintenance and repairs are charged to operations as incurred. Depreciation of equipment is computed by the straight-line method (after taking into account their respective estimated residual values) over the assets estimated useful life of three (3) or seven (7) years. Upon sale or retirement of equipment, the related cost and accumulated depreciation are removed from the accounts and any gain or loss is reflected in statements of operations. Equipment consists solely of bitcoin miners used in the operation. The equipment value is based on the cost and the potential impairment is reviewed periodically and as of June 30, 2022, there was no impairment of any of the mining equipment. The depreciation expense for the three and six months ended December 31. 2022, was $19,188 and $36,191 respectively. Depreciation expense for the three and six months ended December 31. 2021, was $-0- and $-0- respectively. Stock based compensation The Company accounts for stock-based compensation in accordance with ASC Section 718 Compensation – Stock Compensation. Under the fair value recognition provisions of ASC 718 stock-based compensation is measured at the grant date based on the fair value of the award and is recognized as expensed ratably over the requisite service period/vesting period. The company accounts for its non-employee stock-based compensation in accordance with Update 2018-07—Compensation—Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting. Commitments and contingencies The Company follows subtopic 450-20 of the FASB Accounting Standards Codification to report accounting for contingencies. Liabilities for loss contingencies arising from claims, assessments, litigation, fines and penalties and other sources are recorded when it is probable that a liability has been incurred and the amount of the assessment can be reasonably estimated. Since September 30, 2022, and through the date of filing, there have been no intervening lawsuits, claims or judgments filed. Revenue recognition The Company recognizes revenue under ASC 606, Revenue from Contracts with Customers. The core principle of the new revenue standard is that a company should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. The following five steps are applied to achieve that core principle: · Step 1: Identify the contract with the customer · Step 2: Identify the performance obligations in the contract · Step 3: Determine the transaction price · Step 4: Allocate the transaction price to the performance obligations in the contract · Step 5: Recognize revenue when the Company satisfies a performance obligation The transaction price is the amount of consideration to which an entity expects to be entitled in exchange for transferring promised goods or services to a customer. The consideration promised in a contract with a customer may include fixed amounts, variable amounts, or both. When determining the transaction price, an entity must consider the effects of all of the following: · Variable consideration · Constraining estimates of variable consideration · The existence of a significant financing component in the contract · Noncash consideration · Consideration payable to a customer Crypto asset transaction verification is the output generated from the Company’s ordinary activities. The consideration the Company receives is a bitcoin reward, which the Company measures rewards received from mining at their fair value on the date received. Rewards are earned when the Company successfully places a block (by being the first to solve an algorithm). As a result, the Company receives confirmation from the mining pool of the block being placed and a reward/s earned. The Company uses the quoted price of the bitcoin at closing on the date the coin is mined to value its reward/s. There is no significant financing component in these transactions. Expenses associated with running the digital currency mining business, such as rent, and electricity cost are also recorded as cost of revenues. Depreciation on digital currency mining equipment is recorded as a component of cost of revenues. Digital currencies - Bitcoin Bitcoin is included as a non-current, intangible asset in the balance sheets. It is recorded at cost less impairment. If it is determined that more likely than not an impairment exists, a quantitative impairment test is not necessary. If the Company concludes otherwise, it is required to perform a quantitative impairment test. To the extent an impairment loss is recognized, the loss establishes the new cost basis of the asset. Subsequent reversal of impairment losses is not permitted. The Bitcoin’s cost is accounted for using FIFO cost basis. Rewards in bitcoin are earned for mining activity. The reward a bitcoin miner earns changes roughly every four years, or after every 210,000 blocks are mined and gets reduced by half each time; this whole process is called bitcoin halving. The last halving occurred on May 11, 2020, and reduced the reward per block to 6.25 BTC. Income taxes Federal Income taxes are not currently due since we have had losses since inception. Income taxes are provided based upon the liability method of accounting pursuant to ASC 740-10-25 Income Taxes – Recognition. Deferred income tax amounts reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax reporting purposes. As of December 31, 2022, we had a net operating loss carry-forward of approximately $(5,167,519) and a deferred tax asset of $1,081,179 using the statutory rate of 21%. The deferred tax asset may be recognized in future periods, not to exceed 20 years. However, due to the uncertainty of future events we have booked valuation allowance of $(1,081,179). FASB ASC 740 prescribes recognition threshold and measurement attributes for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. FASB ASC 740 also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. As of December 31, 2022, the Company had not taken any tax positions that would require disclosure under FASB ASC 740. December 31, 2022 June 30, 2022 Deferred Tax Asset $ 1,081,179 $ 873,759 Valuation Allowance (1,081,179 ) (873,759 ) Deferred Tax Asset (net) $ - $ - Due to the changes the Tax Reform Act of 1986 and the Tax Cut and Jobs Act of 2017, net operating loss carryforwards for Federal Income tax reporting purposes are subject to additional limitations. Should certain changes in ownership occur, our net operating loss carryforwards may be limited to use in future years. In addition, tax rates on corporations were reduced and certain other deductions limited. These changes may affect the income tax benefit calculation and related allowance during subsequent fiscal years. Net income (loss) per common share Net income (loss) per common share is computed pursuant to section 260-10-45 of the FASB Accounting Standards Codification. Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock and potentially outstanding shares of common stock during the period. The weighted average number of common shares outstanding and potentially outstanding common shares assumes that the Company incorporated as of the beginning of the first period presented. There were outstanding warrants that could convert into 3,285,332 shares of common stock as of December31, 2022. At the end of both periods the potentially dilutive shares were excluded because the effect would have been anti-dilutive. Cash flows reporting The Company adopted paragraph 230-10-45-24 of the FASB Accounting Standards Codification for cash flows reporting, classifies cash receipts and payments according to whether they stem from operating, investing, or financing activities and provides definitions of each category, and uses the indirect or reconciliation method (“Indirect method”) as defined by paragraph 230-10-45-25 of the FASB Accounting Standards Codification to report net cash flow from operating activities by adjusting net income to reconcile it to net cash flow from operating activities by removing the effects of (a) all deferrals of past operating cash receipts and payments and all accruals of expected future operating cash receipts and payments and (b) all items that are included in net income that do not affect operating cash receipts and payments. The Company reports the reporting currency equivalent of foreign currency cash flows, using the current exchange rate at the time of the cash flows and the effect of exchange rate changes on cash held in foreign currencies is reported as a separate item in the reconciliation of beginning and ending balances of cash and cash equivalents and separately provides information about investing and financing activities not resulting in cash receipts or payments in the period pursuant to paragraph 830-230-45-1 of the FASB Accounting Standards Codification. Advertising Costs The Company expenses the cost of advertising and promotional materials when incurred. Total Advertising costs were zero for all periods. Par value of common stock The par value of common stock was previously reported at $0.001 and was adjusted to $0.0001 resulting in an adjustment from common stock to additional paid in capital, with no change to total equity. Subsequent events The Company follows the guidance in Section 855-10-50 of the FASB Accounting Standards Codification for the disclosure of subsequent events. The Company will evaluate subsequent events through the date when the financial statements were issued. Pursuant to ASU 2010-09 of the FASB Accounting Standards Codification, the Company as an SEC filer, considers its financial statements issued when they are widely distributed to users, such as through filing them on EDGAR.

GOING CONCERN

GOING CONCERN	6 Months Ended
	Dec. 31, 2022
GOING CONCERN
GOING CONCERN	NOTE 3 – GOING CONCERN As reflected in the accompanying financial statements, the Company incurred a net loss of $1,006,762 during the six months ended December 31, 2022, and had an accumulated deficit of $5,167,519 and a working capital deficit of ($173,041) as of December 31, 2022. While the Company is attempting to generate greater revenues, the Company’s cash position may not be significant enough to support the Company’s daily operations. Management intends to raise additional funds by way of a public or private offering. Management believes that the actions presently being taken to further implement its business plan and generate revenues provide the opportunity for the Company to continue as a going concern. While the Company believes in the viability of its strategy to generate revenues and in its ability to raise additional funds, there can be no assurances to that effect and there is substantial doubt about the Company’s ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent upon the Company’s ability to further implement its business plan and generate revenues. The consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Dec. 31, 2022
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS	NOTE 4 – RELATED PARTY TRANSACTIONS Office space The Company leases office space from its Chief Executive Officer at a cost of $250 per month. The term of the lease is for 365 days and ends on June 30, 2023. On December 31, 2022, $1,500 rent expense was accrued and is included in Accounts Payable and Accrued Expenses. Due to Related Parties For the year ended June 30, 2022, the company issued 1,182,009 for the conversion of $118,050 in related party payables. As of December 31, 2022, the company owed $245,900 due to related parties for accumulated management fees.

COMMON STOCK

COMMON STOCK	6 Months Ended
	Dec. 31, 2022
COMMON STOCK
COMMON STOCK	NOTE 5 – COMMON STOCK On June 25, 2022, Frank Horkey received 350,000 shares for acting in the capacity of President and sole Director since his previous contract expired December 31, 2019. On June 25 , As compensation for acting on the Company’s Board of Directors, on June 25, 2022, Michael Christiansen received 250,000 shares of the Company’s common stock vesting as follows: eighty-three thousand three hundred thirty-three (83,333) shares upon signing as of July 1, 2022; eighty three thousand three hundred thirty three (83,333) shares for year two to vest quarterly at the rate twenty thousand eight hundred thirty three (20,833) shares per quarter; and eighty three thousand three hundred thirty three (83,333) shares for year three to vest quarterly at the rate twenty thousand eight hundred thirty three (20,833) shares per quarter. On June 25, 2022, Squadron Marketing LLC received 250,000 shares of the Company common stock for acting on the Company’s Advisory Board for fiscal 2023 vesting as follows: eighty-three thousand three hundred thirty-three (83,333) shares upon signing as of July 1, 2022; eighty three thousand three hundred thirty three (83,333) shares for year two to vest quarterly at the rate twenty thousand eight hundred thirty three (20,833) shares per quarter; and eighty three thousand three hundred thirty three (83,333) shares for year three to vest quarterly at the rate twenty thousand eight hundred thirty three (20,833) shares per quarter. On June 25, 2022, Lazarus Asset Management LLC - received 250,000 shares of the Company common stock for acting on the Company’s Advisory Board for fiscal 2023 vesting as follows: eighty-three thousand three hundred thirty-three (83,333) shares upon signing as of July 1, 2022; eighty three thousand three hundred thirty three (83,333) shares for year two to vest quarterly at the rate twenty thousand eight hundred thirty three (20,833) shares per quarter; and eighty three thousand three hundred thirty three (83,333) shares for year three to vest quarterly at the rate twenty thousand eight hundred thirty three (20,833) shares per quarter. Shares issued that were not vested for unrestricted use resulted in Prepaid consulting expense of $304,426 (current - $76,106; non-current - $228,320) on December 31, 2022, and $456,638 (current - $47,834, non-current - $408,804) on June 30, 2022. On July 1, 2022, James Marshall III received 75,000 shares of the Company’s common stock for acting as the Company’s technical consultant for fiscal 2023. On July 1, 2022, John Bennet was issued 50,000 shares for extending his accounting and consulting contract through fiscal year end 2023. During the year ended June 30, 2022, the Company issued 1,182,009 for the conversion of $118,050 in related party payables. During the quarter ending December 31, 2022, the Company has issued 266,666 shares of the Company’s common stock pursuant to private placement transactions described below. Private Placement Transactions The Securities Purchase Agreements On July 22, 2022, we entered into a Securities Purchase Agreement with one private investor who is not a Selling Stockholder (defined above) to whom we sold $100,000 in aggregate principal amount for 133,333 shares of our common stock and warrants to purchase 133,333 shares of our common stock, with an exercise price of $1.50 per share and exercisable at any time before the close of business on December 31, 2025. On August 8, 2022, the same private investor purchased another $100,000 in aggregate principal amount for an additional 133,333 shares of our common stock and warrants to purchase 133,333 shares of our common stock, with an exercise price of $1.50 per share and exercisable at any time before the close of business on December 31, 2025. Again, on November 28, 2022, the same private investor purchased another $100,000 in aggregate principal amount for an additional 133,333 shares of our common stock and warrants to purchase 133,333 shares of our common stock, with an exercise price of $1.50 per share and exercisable at any time before the close of business on December 31, 2025. We closed the transactions noted above in reliance on Securities Purchase Agreement dated November 10, 2021 noted below. We issued the securities contemplated under the Securities Purchase Agreement in reliance upon the exemption from registration pursuant to Section 4(a)(2) of the Securities Act. The Registration Rights Agreements On November 10, 2021, in connection with the closing of the transactions contemplated by the Securities Purchase Agreement, we entered into Registration Rights Agreements with the selling stockholders who are parties to the Securities Purchase Agreement. With respect to the selling stockholders who are party to the Securities Purchase Agreement, we are obligated to file a registration statement registering the resale of (i) their Warrant Shares, (ii) any Shares issuable under the terms of the Securities Purchase Agreement, and (iii) any securities issued or then issuable upon any stock split, dividend or other distribution, recapitalization, or similar event with respect to the foregoing. Pursuant to the Registration Rights Agreements, we agreed to file the registration statement(s) no later than the earlier of (a) 180-days after an initial public offering by the Company or (b) twelve (12) months after effective date of the Registration Rights Agreement. Furthermore, we agreed to grant the parties to the Securities Purchase Agreement a “piggy-back” registration right upon at least 10-day notice prior to the Company’s filing of a registration statement (or confidential submission in draft form) with the SEC. As contemplated by the terms of the Registration Rights Agreements, the Company filed a registration statement on Form S-1, as amended, that became effective on September 8, 2022. Company’s Registration Statement on Form S-1, as amended On September 8, 2022, the Company’ registration statement on Form S-1, as amended, concerning the registration of 6,505,267 shares of its common stock, has been declared effective by the Securities and Exchange Commission. The registration statement relates to the possible resale, from time to time, by the selling stockholders of up to an aggregate of 6,530,267 shares of the Company’s common stock, par value $0.001 per share (the “ Shares PIPE Investors PIPE Warrant Shares Non-PIPE Warrant Shares The Shares will be offered and sold by the selling stockholders at a fixed price of $1.50 per share until our common stock is quoted on OTC Market Group, Inc.’s “OTCQB” or “OTCQX” tiers, and thereafter the Shares may be sold at prevailing market prices or privately negotiated prices or in transactions that are not in the public market. Although the Company has applied for listing on the OTCQB tier, we cannot assure you that our common stock will, in fact, be quoted on the OTCQB tier. The Company will not receive any proceeds from the sale of the Shares by the selling stockholders, although the Company will receive the proceeds from any cash exercise of the Warrants.

WARRANTS

WARRANTS	6 Months Ended
	Dec. 31, 2022
WARRANTS
WARRANTS	NOTE 6 – WARRANTS On May 3, 2014, it was resolved that the Company shall offer 250,000 Units at a price of $0.80 per unit. Each Unit shall consist of (a) one (1) share of common stock and (b) a combination of series A warrants (which may be exercised within three (3) years) and series B warrants exercised within five (5) years of the consummation of a merger. On May 14, 2014, the company entered into a subscription agreement for 157,500 units at $0.80 per share for a total of $125,000. Each unit consists of one (1) share of common stock and one (1) series A warrant to purchase one share of common stock at $1.25 per share. Each A warrant expires three years from the date of issuance. On May 14, 2014, the company entered into a subscription agreement for 32,000 units at $0.80 per share for a total of $25,000. Each unit consists of one (1) share of common stock and one (1) series A warrant to purchase one share of common stock at $1.25 per share. Each A warrant expires three years from the date of issuance. On July 14, 2014, the company entered into a subscription agreement for 62,500 units at $0.80 per share for a total of $50,000. Each unit consists of one (1) share of common stock, and two (2) Series A warrants to purchase one (1) share of common stock at $.65 per share and one (1) series B warrant to purchase one (1) share of common stock at $.80. Each series A warrant expires three years from the consummation of a merger and each series B warrant expires 5 years from the consummation of a merger. The Company may call the B Warrants at such point the quoted market closing price is at least $2.50 for 20 consecutive trading days. In the event the Company calls the Warrants, it shall immediately notify holders of the Warrants of the call. Warrants holders will be granted a period of 45 calendar days to redeem the Warrants by returning the Warrant to the Company accompanied by payment of $.80 per share. The warrants were valued using a Black Scholes calculation. The inputs for series A used a price $.59, a strike price range of $.65 – $1.25, maturity 3 years, a risk-free interest rate of 3.9% and a beta of 50% estimated and were valued at $.202. The inputs for series B used a price $.59, a strike price of .80, maturity 5 years, a risk-free interest rate of 3.9% and a beta of 50% estimated and were valued at $.232. As of the filing date of this quarterly report, 189,500 A warrants have expired leaving only 125,000 A Warrants and 62,500 B Warrants remaining effective since the Company has yet to consummate a merger. On May 5, 2022, the Company issued shares and warrants related to that certain Securities Purchase Agreement dated November 10, 2021 with certain of the selling stockholders referenced in our most recent registration statement pursuant to which we sold to such selling stockholders $560,875 in aggregate principal amount of our common stock (747,837 shares) and C warrants to purchase shares of our common stock (which we refer to as the “PIPE Warrants”), exercisable at any time before the close of business on December 31, 2024. The PIPE Warrants are comprised of 747,837 warrants with an exercise price of $1.50 per share. Warrants Issued to Management and Consultants On July 1, 2021, Squadron Marketing LLC and Lazarus Asset Management LLC were each issued a Class C warrant to purchase 250,000 shares of the Company’s common stock for a period of three years at an exercise price of $1.50. On May 26, 2022, the Company issued to Frank Horkey Class C warrant to purchase 250,000 shares of the Company’s common stock for a period of three years at an exercise price of $1.50 commencing upon the effective date of the Company’s registration statement as part of his executive compensation during the 2022 fiscal year. On May 26, 2022, Squadron Marketing LLC and Lazarus Asset Management LLC were each issued Class D warrant to purchase 500,000 shares of the Company’s common stock for a period of three years at an exercise price of $1.50 commencing upon the effective date of the Company’s registration statement related to consulting services during fiscal 2022. On June 25, 2022, Frank Horkey and Michael Christiansen were each issued 250,000 class D warrants to purchase 250,000 shares of the Company’s common stock for a period of three years at an exercise price of $1.50 or by cashless exercise. commencing upon the effective date of the Company’s registration statement for serving on the Company’s Board of Directors for the upcoming 2023 fiscal year. On June 25, 2022, Squadron Marketing LLC and Lazarus Asset Management LLC were each issued a class D warrant to purchase 250,000 shares of the Company’s common stock for a period of three years at an exercise price of $1.50 or by cashless exercise commencing upon the effective date of the Company’s registration statement for serving on the Company’s Advisory Board for the upcoming 2023 fiscal year. Certain of the shares and warrants noted above were cumulative amounts due for prior service. In addition, certain other of the shares and warrants noted above were issued to Board Members, Advisory Board Members and Consultants for services to be rendered for periods subsequent to June 30, 2022. The amounts related to shares and warrants are treated as prepaid consulting, both current and non-current, in these financial statements. These amounts will be recognized in subsequent periods as they are earned according to the Agreements. The following is the outstanding warrant activity: Warrants - Common Share Equivalents Weighted Average Exercise price Warrants exercisable - Common Share Equivalents Weighted Average Exercise price Weighted average life in years Outstanding June 30, 2020 187,500 $ 0.75 187,500 $ 0.75 3.67 Additions Granted - - - - Expired Expired - $ - - - Exercised - - - - Outstanding June 30, 2021 187,500 $ 0.75 187,500 $ 0.75 3.67 Additions Granted 3,497,833 1.50 1,247,833 1.50 2.92 Expired Expired - $ - - - Exercised - - - - Outstanding June 30, 2022 3,685,333 $ 1.47 1,435,333 $ 1.47 3.04 Additions Granted 399,999 1.50 1,849,999 1.50 2.92 Expired Expired - $ - - - Exercised - - - - Outstanding December 31, 2022 4,085,332 $ 1.47 3,285,332 $ 1.47 3.04 These warrants were valued using a Black Scholes calculation using a stock price of $1.00, and exercise price of $1.50 a volatility range of 30% to 40% and a risk-free interest rate of 1%. As of September 30, 2022, all of the warrants were exercisable. The Securities and Exchange Commission had declared the Company’s most recent registration statement, as amended, effective on September 8, 2022.

DIGITAL CURRENCY - BITCOIN

DIGITAL CURRENCY - BITCOIN	6 Months Ended
	Dec. 31, 2022
DIGITAL CURRENCY - BITCOIN
DIGITAL CURRENCY - BITCOIN	NOTE 7. DIGITAL CURRENCY - BITCOIN The Company carries digital currencies at cost using the first in first out method. Bitcoin activity and balances were as follows: Six Months Ended December 31, 2022 Year Ended June 30, 2022 Beginning balance $ 9,211 $ 0 Increase Revenue recognized from bitcoin mined 37,787 61,906 46,998 61,906 Decrease Bitcoin used for operational expenses 43,878 52,695 43,878 52,695 Ending balance $ 3,120 $ 9,211

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Dec. 31, 2022
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	NOTE 8 – SUBSEQUENT EVENTS The Company has evaluated all events that occurred after the balance sheet date through the date when the financial statements were issued to determine if they must be reported. The Management of the Company determined that there are no subsequent events required disclosure.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Dec. 31, 2022
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Presentation	The Company’s financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Determination of Bad Debts	The Company’s policy is to analyze the collectability of Accounts and Notes Receivable on a monthly basis to determine whether any allowance for doubtful accounts is necessary. Once the allowance has been determined the offset is booked to bad debt expense and subsequently if the account is deemed to be a bad debt, it is written off the allowance for doubtful accounts.
Principles of Consolidation	On March 13, 2020, the Company incorporated Merger Sub in order to facilitate the acquisition of a pre-revenue Software-as-a-Service internet platform business. The Company’s sole Officer and Director currently serves as the sole officer and director of the Merger Sub. As of the date of this filing, neither the Company nor the Merger Sub have entered into a definitive agreement or non-binding letter of intent to acquire a company. On July 9, 2021, the Company organized Raptor Mining, which currently generates revenues via its operating business. On July 1, 2022, the Company formed Megalodon to investigate and potentially pursue a cryptocurrency co-location business model. The cryptocurrency co-location business model is based on a company, which has access to data centers and inexpensive cryptocurrency mining inputs, such as low-cost electricity supply, offering to host third-party owned cryptocurrency mining equipment in exchange for a fee, which may consist of a mix of cash and cryptocurrency consideration. As of the date of this quarterly filing, the Company has commenced researching the acquisition of land to begin offering co-location services to other cryptocurrency miner owners.
Use of estimates	The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates include the estimated useful lives of property and equipment. Actual results could differ from those estimates.
Cash equivalents	The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents.
Fair value of financial instruments	The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph 820-10-35-37 of the FASB Accounting Standards Codification (“Paragraph 820-10-35-37”) to measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in accounting principles generally accepted in the United States of America (U.S.) GAAP and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three (3) broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three (3) levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below: Level 1 Quoted market prices available in active markets for identical assets or liabilities as of the reporting date. Level 2 Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3 Pricing inputs that are generally unobservable inputs and not corroborated by market data. The carrying amount of the Company’s financial assets and liabilities, such as cash, and accrued expenses approximate their fair value because of the short maturity of those instruments. The Company’s notes payable approximate the fair value of such instruments based upon management’s best estimate of interest rates that would be available to the Company for similar financial arrangements as of December 31, 2022. The assets and liabilities recorded on the balance sheet approximate their fair value.
Equipment	Equipment is recorded at cost. Expenditures for major additions and betterments are capitalized. Maintenance and repairs are charged to operations as incurred. Depreciation of equipment is computed by the straight-line method (after taking into account their respective estimated residual values) over the assets estimated useful life of three (3) or seven (7) years. Upon sale or retirement of equipment, the related cost and accumulated depreciation are removed from the accounts and any gain or loss is reflected in statements of operations. Equipment consists solely of bitcoin miners used in the operation. The equipment value is based on the cost and the potential impairment is reviewed periodically and as of June 30, 2022, there was no impairment of any of the mining equipment. The depreciation expense for the three and six months ended December 31. 2022, was $19,188 and $36,191 respectively. Depreciation expense for the three and six months ended December 31. 2021, was $-0- and $-0- respectively.
Stock based compensation	The Company accounts for stock-based compensation in accordance with ASC Section 718 Compensation – Stock Compensation. Under the fair value recognition provisions of ASC 718 stock-based compensation is measured at the grant date based on the fair value of the award and is recognized as expensed ratably over the requisite service period/vesting period. The company accounts for its non-employee stock-based compensation in accordance with Update 2018-07—Compensation—Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting.
Commitments and contingencies	The Company follows subtopic 450-20 of the FASB Accounting Standards Codification to report accounting for contingencies. Liabilities for loss contingencies arising from claims, assessments, litigation, fines and penalties and other sources are recorded when it is probable that a liability has been incurred and the amount of the assessment can be reasonably estimated. Since September 30, 2022, and through the date of filing, there have been no intervening lawsuits, claims or judgments filed.
Revenue recognition	The Company recognizes revenue under ASC 606, Revenue from Contracts with Customers. The core principle of the new revenue standard is that a company should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. The following five steps are applied to achieve that core principle: · Step 1: Identify the contract with the customer · Step 2: Identify the performance obligations in the contract · Step 3: Determine the transaction price · Step 4: Allocate the transaction price to the performance obligations in the contract · Step 5: Recognize revenue when the Company satisfies a performance obligation The transaction price is the amount of consideration to which an entity expects to be entitled in exchange for transferring promised goods or services to a customer. The consideration promised in a contract with a customer may include fixed amounts, variable amounts, or both. When determining the transaction price, an entity must consider the effects of all of the following: · Variable consideration · Constraining estimates of variable consideration · The existence of a significant financing component in the contract · Noncash consideration · Consideration payable to a customer Crypto asset transaction verification is the output generated from the Company’s ordinary activities. The consideration the Company receives is a bitcoin reward, which the Company measures rewards received from mining at their fair value on the date received. Rewards are earned when the Company successfully places a block (by being the first to solve an algorithm). As a result, the Company receives confirmation from the mining pool of the block being placed and a reward/s earned. The Company uses the quoted price of the bitcoin at closing on the date the coin is mined to value its reward/s. There is no significant financing component in these transactions. Expenses associated with running the digital currency mining business, such as rent, and electricity cost are also recorded as cost of revenues. Depreciation on digital currency mining equipment is recorded as a component of cost of revenues.
Digital currencies - Bitcoin	Bitcoin is included as a non-current, intangible asset in the balance sheets. It is recorded at cost less impairment. If it is determined that more likely than not an impairment exists, a quantitative impairment test is not necessary. If the Company concludes otherwise, it is required to perform a quantitative impairment test. To the extent an impairment loss is recognized, the loss establishes the new cost basis of the asset. Subsequent reversal of impairment losses is not permitted. The Bitcoin’s cost is accounted for using FIFO cost basis. Rewards in bitcoin are earned for mining activity. The reward a bitcoin miner earns changes roughly every four years, or after every 210,000 blocks are mined and gets reduced by half each time; this whole process is called bitcoin halving. The last halving occurred on May 11, 2020, and reduced the reward per block to 6.25 BTC.
Income taxes	Federal Income taxes are not currently due since we have had losses since inception. Income taxes are provided based upon the liability method of accounting pursuant to ASC 740-10-25 Income Taxes – Recognition. Deferred income tax amounts reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax reporting purposes. As of December 31, 2022, we had a net operating loss carry-forward of approximately $(5,167,519) and a deferred tax asset of $1,081,179 using the statutory rate of 21%. The deferred tax asset may be recognized in future periods, not to exceed 20 years. However, due to the uncertainty of future events we have booked valuation allowance of $(1,081,179). FASB ASC 740 prescribes recognition threshold and measurement attributes for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. FASB ASC 740 also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. As of December 31, 2022, the Company had not taken any tax positions that would require disclosure under FASB ASC 740. December 31, 2022 June 30, 2022 Deferred Tax Asset $ 1,081,179 $ 873,759 Valuation Allowance (1,081,179 ) (873,759 ) Deferred Tax Asset (net) $ - $ - Due to the changes the Tax Reform Act of 1986 and the Tax Cut and Jobs Act of 2017, net operating loss carryforwards for Federal Income tax reporting purposes are subject to additional limitations. Should certain changes in ownership occur, our net operating loss carryforwards may be limited to use in future years. In addition, tax rates on corporations were reduced and certain other deductions limited. These changes may affect the income tax benefit calculation and related allowance during subsequent fiscal years.
Net income (loss) per common share	Net income (loss) per common share is computed pursuant to section 260-10-45 of the FASB Accounting Standards Codification. Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock and potentially outstanding shares of common stock during the period. The weighted average number of common shares outstanding and potentially outstanding common shares assumes that the Company incorporated as of the beginning of the first period presented. There were outstanding warrants that could convert into 3,285,332 shares of common stock as of December31, 2022. At the end of both periods the potentially dilutive shares were excluded because the effect would have been anti-dilutive.
Cash flows reporting	The Company adopted paragraph 230-10-45-24 of the FASB Accounting Standards Codification for cash flows reporting, classifies cash receipts and payments according to whether they stem from operating, investing, or financing activities and provides definitions of each category, and uses the indirect or reconciliation method (“Indirect method”) as defined by paragraph 230-10-45-25 of the FASB Accounting Standards Codification to report net cash flow from operating activities by adjusting net income to reconcile it to net cash flow from operating activities by removing the effects of (a) all deferrals of past operating cash receipts and payments and all accruals of expected future operating cash receipts and payments and (b) all items that are included in net income that do not affect operating cash receipts and payments. The Company reports the reporting currency equivalent of foreign currency cash flows, using the current exchange rate at the time of the cash flows and the effect of exchange rate changes on cash held in foreign currencies is reported as a separate item in the reconciliation of beginning and ending balances of cash and cash equivalents and separately provides information about investing and financing activities not resulting in cash receipts or payments in the period pursuant to paragraph 830-230-45-1 of the FASB Accounting Standards Codification.
Advertising Costs	The Company expenses the cost of advertising and promotional materials when incurred. Total Advertising costs were zero for all periods.
Par value of common stock	The par value of common stock was previously reported at $0.001 and was adjusted to $0.0001 resulting in an adjustment from common stock to additional paid in capital, with no change to total equity.
Subsequent events	The Company follows the guidance in Section 855-10-50 of the FASB Accounting Standards Codification for the disclosure of subsequent events. The Company will evaluate subsequent events through the date when the financial statements were issued. Pursuant to ASU 2010-09 of the FASB Accounting Standards Codification, the Company as an SEC filer, considers its financial statements issued when they are widely distributed to users, such as through filing them on EDGAR.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Dec. 31, 2022
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Schedule of net deferred tax assets	December 31, 2022 June 30, 2022 Deferred Tax Asset $ 1,081,179 $ 873,759 Valuation Allowance (1,081,179 ) (873,759 ) Deferred Tax Asset (net) $ - $ -

WARRANTS (Tables)

WARRANTS (Tables)	6 Months Ended
	Dec. 31, 2022
WARRANTS
Schedule of outstanding warrant activity	Warrants - Common Share Equivalents Weighted Average Exercise price Warrants exercisable - Common Share Equivalents Weighted Average Exercise price Weighted average life in years Outstanding June 30, 2020 187,500 $ 0.75 187,500 $ 0.75 3.67 Additions Granted - - - - Expired Expired - $ - - - Exercised - - - - Outstanding June 30, 2021 187,500 $ 0.75 187,500 $ 0.75 3.67 Additions Granted 3,497,833 1.50 1,247,833 1.50 2.92 Expired Expired - $ - - - Exercised - - - - Outstanding June 30, 2022 3,685,333 $ 1.47 1,435,333 $ 1.47 3.04 Additions Granted 399,999 1.50 1,849,999 1.50 2.92 Expired Expired - $ - - - Exercised - - - - Outstanding December 31, 2022 4,085,332 $ 1.47 3,285,332 $ 1.47 3.04

DIGITAL CURRENCY - BITCOIN (Tab

DIGITAL CURRENCY - BITCOIN (Tables)	6 Months Ended
	Dec. 31, 2022
DIGITAL CURRENCY - BITCOIN
Schedule of bitcoin activity and balances	Six Months Ended December 31, 2022 Year Ended June 30, 2022 Beginning balance $ 9,211 $ 0 Increase Revenue recognized from bitcoin mined 37,787 61,906 46,998 61,906 Decrease Bitcoin used for operational expenses 43,878 52,695 43,878 52,695 Ending balance $ 3,120 $ 9,211

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($)	Dec. 31, 2022	Jun. 30, 2022
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Deferred Tax Asset	$ 1,081,179	$ 873,759
Valuation Allowance	(1,081,179)	(873,759)
Deferred Tax Asset (Net)	$ 0	$ 0

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Jun. 30, 2022
Common stock, shares par value	$ 0.001		$ 0.001		$ 0.0001
Owned subsidiary percentage			100%
Depreciation expense	$ 19,188	$ 0	$ 36,191	$ 0
Net operating loss carry forward	(5,167,519)		(5,167,519)
Deferred Tax Asset	1,081,179		$ 1,081,179		$ 873,759
Statutory rate			21%
Valuation Allowance	$ (1,081,179)		$ (1,081,179)		$ (873,759)
Warrants convert in to common shares	3,285,332		3,285,332
Maximum [Member] | Equipments [Member]
Estimated useful life			7 years
Minimum [Member] | Equipments [Member]
Estimated useful life			3 years

GOING CONCERN (Details Narrativ

GOING CONCERN (Details Narrative) - USD ($)	3 Months Ended			6 Months Ended		12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Jun. 30, 2022
GOING CONCERN
Accumulated deficit	$ (5,167,519)			$ (5,167,519)
Working capital deficit	(173,041)			(173,041)
Net loss	$ (182,813)	$ (823,949)	$ (840,805)	$ (1,006,762)	$ (913,862)	$ (1,294,198)

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	6 Months Ended	12 Months Ended
	Dec. 31, 2022	Jun. 30, 2022	Sep. 30, 2022
Conversion of stock, shares		1,182,009
Due to Related Party	$ 245,900	$ 120,000	$ 245,900
Shares issued for related party payables conversion, amount		$ 118,050
Chief Executive Officer Member
Cost	$ 250
Description of lease term	The term of the lease is for 365 days and ends on June 30, 2023
Rent expense	$ 1,500

COMMON STOCK (Details Narrative

COMMON STOCK (Details Narrative) - USD ($)			1 Months Ended				6 Months Ended	12 Months Ended
	Sep. 08, 2022	Aug. 08, 2022	Nov. 28, 2022	Jul. 22, 2022	Jun. 25, 2022	May 26, 2022	Dec. 31, 2022	Jun. 30, 2022	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2023	Jul. 01, 2022
Shares issued for related party payables conversion, amount								$ 118,050
Prepaid consulting expense							$ 304,426	456,638
Prepaid amount current							76,106	47,834
Prepaid amount non current							$ 228,320	$ 408,804
Company issued of aggregate common stock shares							2,437,500	6,530,267
Warrants issued	747,837
Common stock, shares par value							$ 0.0001	$ 0.0001
Company issued of common stock shares							19,840,618	19,573,952
September 8, 2022
Exercise price per shares	$ 1.50
Common stock, shares par value							$ 0.001
Company issued of common stock shares								6,505,267
Squadron Marketing LLC [Member]
Common stock shares issuable								250,000
Consulting Shares									83,333	20,833	83,333	83,333
James Marshall [Member]
Shares received											75,000
John Bennet [Member]
Consulting contract											50,000
Lazarus Asset Management LLC [Member]
Vesting Shares									20,833	20,833	83,333	83,333
Common stock shares issuable								250,000
Investor
Company issued of common stock shares							2,597,093
common stock pursuant (Member)
Company issued of common stock shares							266,666	1,182,009
Securities Purchase Agreement [Member]
Warrants issued	747,837
Principal amount		$ 100,000	$ 100,000	$ 100,000
Common stock shares		133,333	133,333	133,333
Exercise price per shares		$ 1.50	$ 1.50	$ 1.50
Purchase of warrant		133,333	133,333	133,333
Frank Horkey [Member] | Management Agreement [Member]
Shares received											350,000
Vesting Shares									20,833	20,833	83,333	83,333
Common stock shares issuable								250,000
Michael Christiansen [Member]
Vesting Shares									20,833	20,833	83,333	83,333
Common stock shares issuable								250,000
Class C Warrant [Member] | Frank Horkey [Member]
Purchase of warrant					250,000	250,000

WARRANTS (Details)

WARRANTS (Details) - $ / shares	6 Months Ended	12 Months Ended
	Dec. 31, 2022	Jun. 30, 2022	Jun. 30, 2021
Warrant[Member]
Warrants, outstanding, beginning balance	3,685,333	187,500	187,500
Warrants exercisable - common share equivalents, Additions, Granted	399,999	3,497,833	0
Warrants exercisable - common share equivalents, Expired	0	0	0
Warrants, outstanding, ending balance	4,085,332	3,685,333	187,500
Weighted average exercise price per share beginning balance	$ 1.47	$ 0.75	$ 0.75
Weighted average exercise price per share granted	$ 1.50	1.50	0
Weighted average exercise price per share ending balance		$ 1.47	$ 0.75
Exercised	0	0	0
Weighted average life in years, beginning outstanding	3 years 15 days	3 years 8 months 1 day	3 years 8 months 1 day
Weighted average life in years, Granted	2 years 11 months 1 day	2 years 11 months 1 day
Weighted average life in years, ending outstanding	3 years 14 days	3 years 14 days	3 years 8 months 1 day
Warrants exercisable - Common Share Equivalents
Warrants, outstanding, beginning balance	1,435,333	187,500	187,500
Warrants exercisable - common share equivalents, Additions, Granted	1,849,999	1,247,833	0
Warrants exercisable - common share equivalents, Expired	0	0	0
Warrants, outstanding, ending balance	3,285,332	1,435,333	187,500
Weighted average exercise price per share beginning balance	$ 1.47	$ 0.75	$ 0.75
Weighted average exercise price per share granted	$ 1.50	1.50	0
Weighted average exercise price per share ending balance		$ 1.47	$ 0.75
Warrants exercisable - common share equivalents, Exercised	0	0	0

WARRANTS (Details Narrative)

WARRANTS (Details Narrative) - USD ($)						1 Months Ended		4 Months Ended	6 Months Ended
	Sep. 08, 2022	May 05, 2022	Jul. 14, 2014	May 14, 2014	May 03, 2014	Jun. 25, 2022	May 26, 2022	Jul. 02, 2021	Dec. 31, 2022
Description of warrants exercise					Each Unit shall consist of (a) one (1) share of common stock and (b) a combination of series A warrants (which may be exercised within three (3) years) and series B warrants exercised within five (5) years of the consummation of a merger
Description of blackscholes									These warrants were valued using a Black Scholes calculation using a stock price of $1.00, and exercise price of $1.50 a volatility range of 30% to 40% and a risk-free interest rate of 1%
Restricted share issued								250,000
Warrants issued, shares					250,000
Exercise price					$ 0.80			$ 1.50
Warrants issued	747,837
Class C Warrant [Member] | Frank Horkey [Member]
Exercise price							$ 1.50
Warrants Purchase						250,000	250,000
Warrants Series C [Member] | Squadron Marketing LLC and Lazarus Asset Management LLC [Member]
Exercise price						$ 1.50	$ 1.50
Warrants Purchase						250,000	500,000
Warrants Series C [Member] | Frank Horkey And Michea lChristiansen [Member]
Warrants Purchase						250,000
Warrant exercise price						$ 1.50
Warrants issued						250,000
Warrants Series A [Member]
Warrants issued									125,000
Warrants, outstanding									189,500
Description of warrant									The inputs for series A used a price $.59, a strike price range of $.65 – $1.25, maturity 3 years, a risk-free interest rate of 3.9% and a beta of 50% estimated and were valued at $.202. The inputs for series B used a price $.59, a strike price of .80, maturity 5 years, a risk-free interest rate of 3.9% and a beta of 50% estimated and were valued at $.232
Warrants B [Member]
Warrants issued									62,500
Description of closing price of warrant									The Company may call the B Warrants at such point the quoted market closing price is at least $2.50 for 20 consecutive trading days. In the event the Company calls the Warrants, it shall immediately notify holders of the Warrants of the call. Warrants holders will be granted a period of 45 calendar days to redeem the Warrants by returning the Warrant to the Company accompanied by payment of $.80 per share
Subscriptions Arrangements [Member]
Warrants issued, shares				157,500
Exercise price				$ 0.80
Warrants issued, amount				$ 125,000
Description of warrant issued				Each unit consists of one (1) share of common stock and one (1) series A warrant to purchase one share of common stock at $1.25 per share
Subscription Arrangement One [Member]
Warrants issued, shares				32,000
Exercise price				$ 0.80
Warrants issued, amount				$ 25,000
Description of warrant issued				Each unit consists of one (1) share of common stock and one (1) series A warrant to purchase one share of common stock at $1.25 per share
Subscription Arrangement Two [Member]
Warrants issued, shares			62,500
Exercise price			$ 0.80
Warrants issued, amount			$ 50,000
Description of warrant issued			Each unit consists of one (1) share of common stock, and two (2) Series A warrants to purchase one (1) share of common stock at $.65 per share and one (1) series B warrant to purchase one (1) share of common stock at $.80. Each series A warrant expires three years from the consummation of a merger and each series B warrant expires 5 years from the consummation of a merger
Securities Purchase Arrangement [Member]
Warrants issued, amount		$ 560,875
Warrant exercise price		$ 1.50
Warrants issued		747,837

DIGITAL CURRENCY - BITCOIN (Det

DIGITAL CURRENCY - BITCOIN (Details)) - USD ($)	6 Months Ended	12 Months Ended
	Dec. 31, 2022	Jun. 30, 2022
DIGITAL CURRENCY - BITCOIN
Beginning balance	$ 9,211	$ 0
Revenue recognized from bitcoin mined	37,787	61,906
Total of increase in recognized from bitcoin mined	46,998	61,906
Bitcoin used for operational expenses	43,878	52,695
Total of decrease Bitcoin used for operational expenses	43,878	52,695
Ending balance	$ 3,120	$ 9,211