T-REX Acquisition (TRXA) 10-K/A 30 Dec 24 2024 FY Annual report (amended) Financial data

Cover

Cover - USD ($)	12 Months Ended
	Jun. 30, 2024	Dec. 30, 2024	Dec. 31, 2023
Cover [Abstract]
Entity Registrant Name	T-REX Acquisition Corp.
Entity Central Index Key	0001437750
Document Type	10-K/A
Amendment Flag	true
Entity Voluntary Filers	No
Current Fiscal Year End Date	--06-30
Entity Well Known Seasoned Issuer	No
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	No
Document Period End Date	Jun. 30, 2024
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2024
Entity Common Stock Shares Outstanding		18,223,953
Entity Public Float			$ 1,822
Document Annual Report	true
Document Transition Report	false
Document Fin Stmt Error Correction Flag	false
Entity File Number	000-56528
Entity Incorporation State Country Code	NV
Entity Tax Identification Number	26-1754034
Entity Address Address Line 1	151 N Nob Hill Road
Entity Address Address Line 2	Suite 402
Entity Address City Or Town	Plantation
Entity Address State Or Province	FL
Entity Address Postal Zip Code	33324
City Area Code	954
Local Phone Number	960-7100
Entity Interactive Data Current	No
Amendment Description	Amendment
Auditor Name	INTEGRITAT CPA
Auditor Location	Boca Raton, Florida
Auditor Firm Id	6624

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2024	Jun. 30, 2023
CURRENT ASSETS:
Cash	$ 36	$ 23,909
Crypto currency held	0	0
Prepaid consulting - current	152,213	161,546
TOTAL CURRENT ASSETS	152,249	185,455
NON CURRENT ASSETS:
Plant and equipment	0	14,948
Prepaid consulting - noncurrent	0	152,213
TOTAL NON CURRENT ASSETS	0	167,161
TOTAL ASSETS	152,249	352,616
CURRENT LIABILITIES:
Accounts payable and accrued Expenses	57,950	63,713
Due to related party - accrued compensation	664,430	495,800
Due to related party - advances	13,602	0
Note payable	134,375	69,525
Interest payable	4,961	0
Notes payable - related parties	357,500	0
Interest payable - related party	12,043	0
Deposit payable	15,000	0
TOTAL CURRENT LIABILITIES	1,259,861	629,038
NON CURRENT LIABILITIES:
TOTAL NON CURRENT LIABILITIES	0	0
TOTAL LIABILITIES	1,259,861	629,038
Commitments and contingencies (Note 10)	0	0
STOCKHOLDERS' EQUITY (DEFICIT)
Common Stock, 0.0001 par value, authorized 350,000,000 shares and 18,223,953 and 18,223,953 issued and outstanding as of June 30, 2024, and 2023, respectively	1,822	1,822
Additional paid in capital	5,899,164	5,722,283
Stock subscription payable	15,200	0
Accumulated deficit	(7,023,798)	(6,000,527)
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)	(1,107,612)	(276,422)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	$ 152,249	$ 352,616

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2024	Jun. 30, 2023
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	18,223,953	18,223,953
Common stock, shares outstanding	18,223,953	18,223,953

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
REVENUE
Mining Revenue	$ 15,824	$ 54,607
Realized Gain (Loss) on sale/exchange of Bitcoin	0	1,030
Total revenues	15,824	55,637
Cost of goods sold
Depreciation	14,948	494,685
Hosting	11,810	65,233
Contract Labor	0	8,800
Environmental expense	3,500	3,500
Total cost of goods sold	30,258	572,218
Gross Profit (Loss)	(14,434)	(516,581)
Expenses
Transfer Agent and Filing Fees	32,214	20,445
Professional Fees	79,625	69,687
Management and Consulting Fees	498,000	541,500
Share based compensation	338,427	647,024
Administration Fees	33,113	42,767
Total operating expenses	981,379	1,321,423
Loss from Operations	(995,813)	(1,838,004)
Other income (expenses):
Interest expense	(27,458)	(1,766)
Total other income (expenses)	(27,458)	(1,766)
Loss Before Income Taxes	(1,023,271)	(1,839,770)
Net Loss	$ (1,023,271)	$ (1,839,770)
Basic and Dilutive Net Loss Per Share	$ (0.06)	$ (0.10)
Basic and Dilutive - Weighted average number of common shares outstanding	18,223,953	18,831,350

CONSOLIDATED STATEMENT OF CHANG

CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)	Total	Common Stock	Additional Paid-in Capital	Stock Subscription Payable	Retained Earnings (Accumulated Deficit)
Balance, shares at Jun. 30, 2022		19,573,952
Balance, amount at Jun. 30, 2022	$ 759,202	$ 1,958	$ 4,918,002	$ 0	$ (4,160,757)
Shares surrendered, shares		(1,900,000)
Shares surrendered, amount	0	$ (190)	190
Shares issued for services, shares		150,000
Shares issued for services, amount	21,000	$ 15	20,985
Shares issued for cash, shares		400,001
Shares issued for cash, amount	300,001	$ 40	299,961
Share based expense for warrants issued	483,145	0	483,145
Net loss	(1,839,770)	$ 0	0		(1,839,770)
Balance, shares at Jun. 30, 2023		18,223,953
Balance, amount at Jun. 30, 2023	(276,422)	$ 1,822	5,722,283	0	(6,000,527)
Share based expense for warrants issued	176,881	0	176,881
Net loss	(1,023,271)	$ 0	0		(1,023,271)
Note payable obligation to issue shares	15,200			15,200
Balance, shares at Jun. 30, 2024		18,223,953
Balance, amount at Jun. 30, 2024	$ (1,107,612)	$ 1,822	$ 5,899,164	$ 15,200	$ (7,023,798)

CONSOLIDATED STATEMENT OF CASH

CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
OPERATING ACTIVITIES
Net Loss	$ (1,023,271)	$ (1,839,770)
Adjustments to reconcile net loss to net cash used in operating activities
Share based expense for warrants issued	338,427	647,024
Cost of goods sold - depreciation expense	14,948	494,685
Loan costs - paid by share issuance	15,200
Changes in assets and liabilities:
Crypto currency held	0	9,211
Other assets	0	10,570
Accounts payable and accrued expenses	(5,764)	44,759
Interest payable to third parties	4,962
Interest payable to related parties	12,043
Advances payable to related parties	13,602	69,525
Deposit payable	15,000
Net cash used in operating activities	(614,853)	(188,196)
INVESTING ACTIVITIES:
Purchase of equipment	0	(88,000)
Net cash used in investing activities	0	(88,000)
FINANCING ACTIVITIES:
Shares issued for cash	0	300,001
Net proceeds received from related party debt	168,630
Proceeds from issuance of note payable - related parties	357,500	0
Proceeds from issuance of note payable - unrelated parties	64,850	0
Net cash provided by financing activities	590,980	300,001
NET INCREASE (DECREASE) IN CASH	(23,873)	23,805
CASH AT BEGINNING OF PERIOD	23,909	104
CASH AT END OF PERIOD	36	23,909
Supplemental Cashflow Information
Interest paid	0	0
Taxes paid	0	0
Supplemental Non-Cash Investing and Financing Activities
Adjustment in par value from $0.001 to $0.0001	0	17,616
Surrender of shares	$ 0	$ 19,000

ORGANIZATION AND DESCRIPTION OF

ORGANIZATION AND DESCRIPTION OF BUSINESS	12 Months Ended
	Jun. 30, 2024
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 June 30, 2024, 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 President currently serves as the sole officer and director of the Merger Sub. 2021 Raptor Mining LLC and 2022 Megalodon Mining and Electric LLC On July 9, 2021, the Company formed Raptor Mining 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.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Jun. 30, 2024
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States if America of ("U.S. GAAP") as found in the Accounting Standards Codification ("ASC”), and the Accounting Standards Update ("ASU") of the Financial Accounting Standards Board ("FASB") and are expressed in US Dollars. The consolidated financial statements should be read in conjunction with the notes contained herein as part of the Company's Annual Report in its Form 10-K filing under the Securities Exchange Commission. Management further acknowledges that it is solely responsible for adopting sound accounting practices, establishing, and maintaining a system of internal accounting control and preventing and detecting fraud. The Company’s system of internal accounting control is designed to assure, among other items, that 1) recorded transactions are valid; 2) valid transactions are recorded; and 3) transactions are recorded in the proper period in a timely manner to produce financial statements which present fairly the financial condition, results of operations and cash flows of the Company for the respective periods being presented. Restatement of the Audited Financial Statements The financial statements have been restated for an omitted accrual in the amount of approximately $15,000 for the Company’s obligation to settle note payable incentives in the form of stock. These findings pertain to amounts reported for stock subscription payable, in the equity sections of the statements and the loan cost expense incurred. Refer to the statements and Note 10 “Notes Payable”. Reclassification Certain reclassifications have been made to prior periods to conform with current reporting. 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 e allowance for doubtful accounts. The Company currently has no accounts receivable. Principles of Consolidation As of June 30, 2024, the accounts include those of the Company and its 100% owned subsidiaries, T-REX Merger Sub, Raptor Mining Megalodon Mining and Electric. T-REX Merger Sub, Megalodon Mining and Electric, LLC are inactive entities with no account balances. All intercompany transactions have been eliminated. 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 President 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 filing, the Company has entered into a Letter of Intent to acquire an established co-location facility in Orofino, Idaho for the purposes of consolidating its present mining operations and to expand into the co-location hosting market. 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. Level 1 Level 2 Level 3 Total Note Payable (unrelated parties) – June 30, 2023 $ - $ - $ 69,525 $ 69,525 Level 1 Level 2 Level 3 Total Note Payable (related parties) – June 30, 2024 $ - $ - $ 357,200 $ 357,200 Note Payable (unrelated parties) - June 30, 2024 $ - $ - $ 134,375 $ 134,375 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 June 30, 2024. The assets and liabilities recorded on the balance sheet approximate their fair value. Derivative Financial Instruments The Company evaluates its convertible notes to determine if such instruments have derivatives or contain features (such as conversion features) that qualify as embedded derivatives. For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value and is then re-valued at each reporting date, with changes in the fair value reported in the statements of operations. For stock-based derivative financial instruments, the Company uses a weighted-average Black-Scholes-Merton option pricing model to value the derivative instruments at inception and on subsequent valuation dates. The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is evaluated at the end of each reporting period. The Company had convertible notes with derivative values determined as $0, on June 30, 2024, and 2023, principally due to its stock price and volatility. Digital currencies - Bitcoin The Company applies accounting for digital assets in accordance with the AICPA Practice Aid "Accounting for and Auditing of Digital Assets", the guide is dated as of June 30, 2022, and the SEC issued Staff Accounting Bulletin No. 121, which is effective for periods after June 15, 2022, which are the current nonauthoritative guidance for accounting for digital assets under U.S. generally accepted accounting principles (GAAP). The AICPA Practice Aid is non-authoritative guidance that represents the views of the Digital Assets Working Group and AICPA staff. There is currently no official pronouncement or authoritative guidance on accounting for digital assets and digital asset transactions. The Company held no digital assets on June 30, 2024, or 2023. On June 30, 2022, bitcoin balance held was valued at $9,211. Under ASU No. 2023-08, effective December 15, 2024, with early adoption permitted, companies are required to mark bitcoin and similar digital assets to market at each period and eliminate the need for impairment testing. This guidance ensures that bitcoin holdings are recorded at fair market value, reflecting any unrealized gains or losses at the end of each period. The Company adopted this new accounting standard early, as of the quarter ending June 30, 2024, to enhance the transparency and accuracy of its financial reporting. The reward for a bitcoin miner 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. Plant and equipment - Crypto-currency machines The rate at which the Company generates digital assets and, therefore, consumes the economic benefits of its transaction verification servers are influenced by a number of factors including the following: · the complexity of the transaction verification process which is driven by the algorithms contained within the bitcoin open-source software. · the general availability of appropriate computer processing capacity on a global basis (commonly referred to in the industry as the blockchain’s total hash rate) · technological obsolescence reflecting rapid development in the transaction verification server industry such that more recently developed hardware is more economically efficient to run in terms of digital assets generated as a function of operating costs, primarily power costs i.e., the speed of hardware evolution in the industry is such that later hardware models generally have faster processing capacity combined with lower operating costs and a lower cost of purchase. The Company operates in an emerging industry for which limited data is available to make estimates on the useful economic lives of specialized mining equipment. The equipment could become obsolete within less time than other equipment due to it being specialized, as new technology still being developed and improved. Plant and equipment, which represent mining equipment are stated at cost, net of accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the assets. Prior to the fiscal year June 30, 2023, management determined the expected useful life of mining machines as 7 years. During the fiscal year ended June 30, 2023, management has reassessed that the mining machines’ useful life to 1-year rather than 7 years, consistent with current industry research and publications on bitcoin machines. The change in the estimated useful life was accounted for prospectively by updating the accumulated depreciation and incurring the related depreciation expense in the fiscal year ended June 30, 2024. Management’s assessment takes into consideration the availability of historical data and management's expectations regarding the direction of the industry including potential changes in technology. Management will review this estimate annually and will revise such estimates as and when data becomes available. Management reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying value may not be realizable. If an evaluation is required, the estimated future undiscounted cash flows associated with the asset are compared to the asset's carrying value to determine if an adjustment for impairment is necessary. The effect of any impairment would be to expense the difference between the fair value of such asset and it’s carrying value. 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 under its mining pool contract. The consideration the Company receives is a bitcoin reward, which the Company measures at fair value on the date awarded. 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 placed and rewards 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, mining equipment depreciation, and electricity costs are also recorded as cost of revenue. Fair value of the digital asset award received is determined using the average U.S. dollar spot rate of the related digital currency on the grant date of the reward. Additionally in its regular courses of business the Company earns a gain or incurs a loss on the trade of bitcoin awarded. 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. Through June 30, 2024, and through the date of filing, there have been no intervening lawsuits, claims or judgments filed. Related Party Disclosures Under ASC 850 “Related Party Transactions” an entity or person is considered to be a “related party” if it has control, significant influence or is a key member of management personnel. A transaction is considered to be a related party transaction when there is a transfer of resources of obligations between related parties. The Company, in accordance with the standard ASC 850, presents disclosures about related party transactions and outstanding balances with related parties, see Note 8. Earnings per Share The Company computes earnings (loss) per share ("EPS") in accordance with ASC 260, "Earnings per Share" which requires presentation of both basic and diluted EPS on the face of the statement of operations. Basic EPS is computed by dividing net income (loss) available to common shareholders by the weighted average number of shares outstanding during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of warrants or stock options and the conversion of instruments convertible to common stock. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive. 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 June 30, 2024, we had a net operating loss carry-forward of approximately $7,023,798 and a deferred tax asset of $1,474,998 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 a valuation allowance of $1,474,998. 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. On June 30, 2024, the Company had not taken any tax positions that would require disclosure under FASB ASC 740. June 30, 2024 June 30, 2023 Deferred Tax Asset $ 1,474,998 $ 1,260,111 Valuation Allowance (1,474,998 ) (1,260,111 ) Deferred Tax Asset (Net) $ 0 $ 0 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. The IRS requires all domestic corporations in existence for any part of the tax year to file an income tax return whether or not they have taxable income. The Company incurred a loss for the fiscal years ended June 30, 2024, and 2023 and has not filed tax returns for either year. The Company has not received any notifications from the IRS. Reported tax benefits and valuation allowances are the Company’s best estimate of its tax positions and have not been reviewed by the taxing authority. 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 8,999,089 shares of common stock as of June 30, 2024. 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. 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	12 Months Ended
	Jun. 30, 2024
GOING CONCERN
GOING CONCERN	NOTE 3. GOING CONCERN As reflected in the accompanying financial statements, the Company had an accumulated deficit of $7,023,798 and a working capital deficit of $1,107,612 on June 30, 2024. Net losses for fiscal years ended June 30, 2024, and 2023 were $1,023,271 and $1,839,770, respectively. While the Company is attempting to commence operations and generate 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, raise additional capital 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.

PRE-PAID CONSULTING

PRE-PAID CONSULTING	12 Months Ended
	Jun. 30, 2024
PRE-PAID CONSULTING
PRE-PAID CONSULTING	NOTE 4. PRE-PAID CONSULTING The Company issued shares to its directors and advisors for services to be performed at a future date. The common shares are recorded as issued and outstanding at the time they are granted, and the related share-based compensation expense is incurred as services performed. Compensation expense not incurred is accounted for as prepaid consulting expense. On June 12, 2022, the Company issued 1,000,000 restricted shares of common stock to advisors and directors for services to be provided at a future date. The shares were valued at $0.46 per share, to be vested over a period of three years, for their services, resulting in a value of $456,639. On January 1, 2023, the Company issued 100,000 restricted shares of the Company’s common stock to its Chief Financial Officer for services to be provided at a future date. The shares were valued at $0.14 per share, to be vested over a period of 18 months, resulting in a value of $14,000. During the fiscal year ended June 30, 2024, the Company expensed $161,546 of this amount, which resulted in a prepaid consulting balance of $152,213.

CRYPTOCURRENCIES

CRYPTOCURRENCIES	12 Months Ended
	Jun. 30, 2024
CRYPTOCURRENCIES
CRYPTOCURRENCIES	NOTE 5. CRYPTOCURRENCIES June 30, 2024 June 30, 2023 Beginning balance $ - $ 9,211 Increase Value of bitcoin mined on the reward date 15,824 54,607 Realized gain (loss) on sale/exchange of bitcoin - 1,030 15,824 64,848 Decrease Bitcoin used for operational expenses (Cost basis) 15,824 64,848 15,824 64,848 Ending balance $ - $ -

PROPERTY PLANT EQUIPMENT - MINI

PROPERTY PLANT EQUIPMENT - MINING MACHINE	12 Months Ended
	Jun. 30, 2024
PROPERTY PLANT EQUIPMENT - MINING MACHINE
PROPERTY PLANT & EQUIPMENT - MINING MACHINE	NOTE 6. PROPERTY PLANT & EQUIPMENT – MINING MACHINES On August 24, 2022, the Company entered into a contract to purchase 20 Bitmain XJ S19 Pro 110 th and installation at Simple Mining in Iowa. Depreciation expenses amounted to $14,948 and $494,685 for the years ended June 30, 2024, and 2023, respectively. On June 30, 2024, and 2023 the balances were as follows: Estimated Life in years June 30, 2024 June 30, 2023 Mining equipment 1 $ 533,500 $ 533,500 533,500 518,522 Less: Accumulated Depreciation $ - $ 14,948 Fixed assets, net

ACCOUNTS PAYABLE AND ACCRUED EX

ACCOUNTS PAYABLE AND ACCRUED EXPENSES	12 Months Ended
	Jun. 30, 2024
ACCOUNTS PAYABLE AND ACCRUED EXPENSES
ACCOUNTS PAYABLE AND ACCRUED EXPENSES	NOTE 7. ACCOUNTS PAYABLE AND ACCRUED EXPENSES During the year the Company accrued amounts owed to vendors and certain other accrued expenses, which were comprised of the following: June 30, 2024 June 30, 2023 Vendor Payables Marketing and promotional costs $ 4,163 $ 4,163 SEC regulatory cost 5,000 904 Professional fees 3,103 26,388 Crypto operation costs 8,969 - Vendor Payables (related parties) Reimbursable costs 15,214 22,758 Compensation 18,000 6,000 Vendor Accruals Environmental cost 3,500 3,500 Accounts Payable & Accrued Liabilities $ 57,950 $ 63,713 The Company’s trade payables are generally short term, due on demand or with an obligation to pay within less than 365 days. Approximately 80% of trade payables is outstanding for more than 90 days.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Jun. 30, 2024
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS	NOTE 8. RELATED PARTY TRANSACTIONS Office space Our executive, administrative and operating offices were previously provided at no cost on a month-to-month basis to the Company by our President, Frank Horkey, and are located at 151 N Nob Hill Road, Suite 402, Plantation FL 33324. The Company leases office space from its President at a cost of $250 per month. The term of the lease is for 365 days and ends on June 30, 2024. On June 30, 2024, $3,000 of rent expense was accrued and is included in Accounts Payable and Accrued Expenses. Due to Related Parties On August 6, 2021, the Company issued 450,000 restricted shares of its common stock in exchange for the conversion of $45,000 of unpaid advisory compensation due to related parties. In addition, as satisfaction of an external Settlement Agreement between Peter Simone/Corporate Capital Group, LTD and the related parties, the Company issued 1,050,000 Restricted Founder’s shares. As of June 30, 2024, and June 30, 2023, the Company owed $480,000 and $300,000,000 respectively, due to related parties for Management advisory fees. As of June 30, 2024, and June 30, 2023, the Company owed Management Compensation payable of $88,430 and $147,800 respectively. As of June 30,2024, and June 30, 2023, the Company owed Board of Director fees of $ 96,000 and $48,000, respectively. On January 30, 2023, entities affiliated with Timothy B. Ruggiero and Peter Chung each cancelled 900,000 and 1,000,000 shares respectively to treasury. On July 1, 2023, the Company issued Frank Horkey (“Horkey”) a $75,000 Senior Secured Convertible Promissory Note as partial settlement for management compensation owed. The note bears interest at a rate of 10% per annum and is convertible to the Company’s common stock at a rate of $0.50 per share. As further inducement, the Company agreed to issue Horkey 75,000 shares of its restricted common stock and issued a warrant to purchase 150,000 shares of its restricted common stock at a price of $0.75 per share, any time prior to July 1, 2026, the warrant expiration date. On January 1, 2024, the note principal owed was $75,000 and accrued interest owed was $3,750. On this date the note was cancelled and replaced with a new Senior Secured Convertible Promissory Note, which was issued with a principal balance of $78,750, an interest rate of 10% per annum, a conversion rate of $0.50 per share and a maturity date of June 30, 2024. Under the new note the Company agreed to issue 78,750 shares of the Company’s common stock and issued a warrant to purchase 157,500 shares of the Company’s common stock at $0.75 per share, any time prior to January 1, 2027, the warrant expiration date. No shares were issued or warrants exercised as of June 30, 2024, and the principal is $78,750 and accrued interest is $3,931. On July 1, 2023, the Company issued Lazarus Asset Management LLC (“Lazarus”) a $75,000 Senior Secured Convertible Promissory Note as partial settlement for management compensation owed. The note bears interest at a rate of 10% per annum and is convertible to the Company’s common stock at a rate of $0.50 per share. As further inducement, the Company agreed to issue Lazarus 75,000 shares of its restricted common stock and issued a warrant to purchase 150,000 shares of its restricted common stock at a price of $0.75 per share, any time prior to July 1, 2026, the warrant expiration date. On January 1, 2024, the note principal owed was $75,000 and accrued interest owed was $3,750. On this date the note was cancelled and a new Senior Secured Convertible Promissory Note was issued in its place, with a principal balance of $78,750, an interest rate of 10% per annum and a conversion rate of $0.50 per share. Under the new note the Company agreed to issue 78,750 shares of the Company’s common stock and issued a warrant to purchase 157,500 shares of the Company’s common stock at $0.75 per share, any time prior to January 1, 2027, the warrant expiration date. The principal and interest owed on June 30, 2024, was $82,688. Lazarus assigned $36,623 and $5,000 of the principal to two other stockholders. The note payable balance was canceled on July 1, 2024, and a new Senior Secured Convertible Promissory Note was issued with a principal of $41,064, interest rate of 10% per annum, conversion rate of $.50 per share and maturity date of June 30, 2024. As further inducement to settle amounts owed as compensation, the Company agreed to issue 41,064 restricted shares of its common stock and a warrant to purchase 82,134 restricted common shares at $.75 per share at any time prior to July 1, 2027, the warrant expiration date. No shares were issued or warrants exercised under this agreement. As of June 30, 2024, the principal balance is $78,750 and accrued interest is $3,938. On February 9, 2024, the Company issued Sparta Road Ltd. C/o Timothy B. Ruggiero a $50,000 Senior Secured Convertible Promissory Note, with an interest rate of 5% per annum, convertible at $0.25 per share. As an incentive the Company agreed to issue Sparta Road 100,000 shares of restricted common stock. The Note was issued as a repayment of advances made by Sparta Road Ltd. Lazarus Asset Management LLC to cover certain expenses of the Company. No shares were issued or warrants exercised under this agreement. As of June 30, 2024, the principal balance is $50,000 and accrued interest is $349. On April 1, 2024, the Company issued Frank Horkey a $75,000 Senior Secured Convertible Promissory Note with an interest rate of 10% per annum, convertible at $0.50 per share as compensation for management services. As further inducement, the Company agreed to issue 75,000 shares of the Company’s restricted common stock and issued a warrant to purchase 150,000 shares of the Company’s restricted common stock at $0.75 per share any time prior to April 1, 2027, the warrant expiration date. No shares were issued or warrants exercised under this agreement. As of June 30, 2024, the principal balance is $75,000 and accrued interest is $3,833. On April 1, 2024, the Company issued Lazarus a $75,000 Senior Secured Convertible Promissory Note, with an interest rate of 10% per annum, convertible at $0.50 per share, as compensation for management services. As further inducement, the Company agreed to issue 75,000 shares of restricted common stock and issued a warrant to purchase 150,000 restricted common stock shares at $0.75 per share any time prior to April 1, 2027, the warrant expiration date. No shares were issued or warrants exercised under this agreement. As of June 30, 2024, the principal balance is $75,000 and accrued interest is $1,875. All share issuance obligations, which were granted as an incentive to convert amounts owed to note payables, were waived by note holders on the issuance date, and in October 2024, replaced by the issuance of prepaid warrants to purchase the Company’s common stock at $0.01 per share. Additionally, certainly shareholders advanced a total of $13,602 to the Company to cover operating expenses. These amounts are non-interest bearing, unsecured and have no repayment terms. In addition, certain shareholders have advanced a total of $13,602 to the Company to cover operating expenses. These amounts are noninterest bearing, unsecured and have no repayment terms.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Jun. 30, 2024
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	NOTE 9. COMMITMENTS AND CONTINGENCIES Legal contingencies From time to time, the Company may be a defendant in pending or threatened legal proceedings arising in the normal course of its business. Management is not aware of any pending, threatened or asserted claims. Through June 30, 2024, and through the date of filing, there have been no intervening lawsuits, claims or judgments filed. See other commitments and contingencies under “NOTE 8. RELATED PARTY TRANSACTIONS”, “NOTE 10. NOTES PAYABLE” and “NOTE 13. SUBSEQUENT EVENTS”.

NOTES PAYABLE

NOTES PAYABLE	12 Months Ended
	Jun. 30, 2024
NOTES PAYABLE
NOTES PAYABLE	NOTE 10. NOTES PAYABLE On March 24, 2023, the Company issued to a private investor, a $50,000 Convertible Promissory Note (“Note”), with an interest rate of 5% per annum, convertible at $.50 per share at the lender’s discretion. The Note’s maturity date is June 30, 2023. As further inducement, the Company issued a warrant to purchase 100,000 shares of the Company’s restricted common stock, exercisable at $.75 per share any time prior to March 24, 2026, the warrant expiration date. On the maturity date noteholder opted to convert, for the issuance of 100,000 shares of restricted common stock, but the shares were not issued, resulting in the note payable balance at each period end. The noteholder agreed to pause the accrual of interest after June 30, 2023. The principal balance owed on June 30, 2024, was $50,000. The note’s accrued interest on June 30, 2024, was $35. On May 15, 2023, the Company issued a private investor a $19,375 Convertible Promissory Note (“Note”), with an interest rate of 5% per annum, convertible at $.50 per share at the lender’s discretion. The Note’s maturity date is June 30, 2023. As further inducement, the Company issued a warrant to purchase 38,750 shares of restricted common stock exercisable at $.75 per share any time prior to May 15, 2026, the warrant expiration date. On the maturity date the noteholder opted to convert for the issuance of 100,000 shares of restricted common stock, but the shares were not issued, resulting in the note payable balance at each period end. The principal balance owed on June 30, 2024, was $19,375. The note’s accrue interest on June 30, 2024, was $1,115. On September 25, 2023, the Company issued a private investor a $20,000 180-day Senior Secured Convertible Promissory Note (“Note”), with an interest rate of 10% per annum, convertible at $.50 per share at the lender’s discretion. The Note’s maturity date is March 23, 2024. As further inducement, the Company agreed to issue 20,000 shares of restricted common stock and issued a warrant to purchase 40,000 shares of restricted common stock exercisable at $.75 per share, any time prior to September 25, 2026, the warrant expiration date. On March 31, 2024, the noteholder opted to convert for the issuance of 20,000 shares of restricted common stock, but the shares were not issued, resulting in the note payable balance at each period end. The principal balance owed on June 30, 2024, was $20,000. The note’s accrue interest on June 30, 2024, was $1,507. The stock subscription payable was $3,200 on June 30, 2024. On September 29, 2023, the Company issued a private investor a $25,000 180-day Senior Secured Convertible Promissory Note, with an interest rate of 10%, convertible at $.50 per share the lender’s discretion. The Note’s maturity date is September 29, 2024. As further inducement, the Company agreed to issue 25,000 shares of restricted common stock and a warrant to purchase 50,000 shares of restricted common stock, exercisable at $.75 per share, any time prior to October 2, 2026, the warrant expiration date. The shares were not issued. The noteholder agreed to pause the accrual of interest after the maturity date. The principal balance owed on June 30, 2024, was $25,000. The note’s accrue interest on June 30, 2024, was $1,875. The stock subscription payable was $4,000 on June 30, 2024. On March 12, 2024, the Company issued to a private investor a $10,000 180-day Secured Convertible Promissory Note, with an interest rate of 10% per annum, convertible at $.50 per share at the lender’s discretion. The Note’s maturity date is August 21, 2024. As further inducement, the Company agreed to issue 20,000 shares of restricted common stock. The shares were not issued. The principal balance owed on June 30, 2024, was $10,000. The note’s accrue interest on June 30, 2024, was $304. The stock subscription payable was $3,200 on June 30, 2024. . On May 23, 2024, the Company issued to a private investor a $10,000 90-day Secured Convertible Promissory Note bearing an interest rate of 10%, convertible at $.50 per share at the lender’s discretion. The Note’s maturity date is August 21, 2024. As further inducement, the Company agreed to issue 30,000 restricted common stock shares. The shares were not issued. The noteholder agreed to pause the accrual of interest after the maturity date. The Company agreed with the noteholder that the debt would cease incurring interest after its maturity date. The principal balance owed on June 30, 2024, was $10,000. The note’s accrued interest on June 30, 2024, was $125. The stock subscription payable was $4,800 on June 30, 2024. See due to Note 8 “Related Parties Transactions” for additional senior secured convertible promissory notes issuance.

COMMON STOCK

COMMON STOCK	12 Months Ended
	Jun. 30, 2024
COMMON STOCK
COMMON STOCK	NOTE 11. COMMON STOCK Frank. Horkey received 350,000 restricted common stock shares for acting in the capacity of President and Director since his previous contract expired December 31, 2019 and, on July 1, 2022, received 250,000 of the Company’s common stock or his three year board position vesting as follows: eighty-three thousand three hundred thirty-three (83,333) shares upon signing as of July 1, 2022;twenty thousand eight hundred thirty three (20,833) shares vest quarterly the fiscal year ended June 30, 2024 twenty thousand eight hundred thirty three (20,833 shares vest quarterly for the fiscal year ended June 30, 2025. On July 1, 2022, Michael Christiansen received 250,000 restricted common stock shares for his three-year board position vesting as follows: eighty-three thousand three hundred thirty-three (83,333) shares upon signing as of July 1, 2022; twenty thousand eight hundred thirty- three (20,833) shares vest quarterly the fiscal year ended June 30, 2024; twenty thousand eight hundred thirty- three (20,833) shares vest quarterly for the fiscal year ended June 30, 2025. On July 1, 2022 Squadron Marketing LLC received 250,000 restricted common stock shares for acting on the Company’s Advisory Board for fiscal 2023 through 2025, vesting as follows: eighty-three thousand three hundred thirty-three (83,333) shares upon signing as of July 1, 2022; twenty thousand eight hundred thirty- three (20,833) shares vest quarterly the fiscal year ended June 30, 2024; twenty thousand eight hundred thirty-three (20,833) shares vest quarterly for the fiscal year ended June 30, 2025. On July 1, 2022 Lazarus Asset Management LLC - received 250,000 restricted common stock shares for acting on the Company’s Advisory Board for fiscal 2023 through 2025 vesting as follows: eighty-three thousand three hundred thirty-three (83,333) shares upon signing as of July 1, 2022 twenty thousand eight hundred thirty-three (20,833) shares vest quarterly the fiscal year ended June 30, 2024; twenty thousand eight hundred thirty-three (20,833) shares vest quarterly for the fiscal year ended June 30, 2025. John Bennet received 50,000 restricted common stock shares for extending his consulting contract through fiscal year end 2023. On February 10, 2023, as incentive to accept the position of the Company’s Chief Financial Officer for the period of January 1, 2023- through the end of fiscal year 2024, John Bennet was awarded an additional 100,000 restricted common stock shares that vest at 16,666 shares per quarter. James Marshall III received 75,000 restricted common stock shares for acting as the Company’s technical consultant for fiscal 2023. His shares are now deemed to be vested. James Marshall’s contract was not renewed. Shawn Perez Esq. was awarded 50,000 restricted common stock shares stock as an inducement for acting as the Company’s in-house counsel beginning January 1, 2023, through fiscal year end 2025.

WARRANTS

WARRANTS	12 Months Ended
	Jun. 30, 2024
WARRANTS
WARRANTS	NOTE 12. WARRANTS Warrants Issued for Investment On May 5, 2022, the Company issued shares and warrants related to that certain Securities Purchase Agreement dated November 10, 2021with 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 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 May 5, 2023. The PIPE Warrants are comprised of 747,837 warrants with an exercise price of $1.50 per share. On July 28, 2022, August 1, 2022, and November 28, 2022, an investor purchased 400,001 Units consisting of one shares of the Company’s restricted common stock and one Class C warrant to purchase one shares of the Company’s restricted common stock at an exercise price of $1.50 per share for a period of three years. On October 2, 2023, the Company issued to a private investor a 180-day Senior Secured Convertible Promissory Note bearing an interest rate of 10% for $25,000, which may be converted at $.50 per share at any time during the period. As further inducement to purchase this Note, the Company agreed with Investor to issue 25,000 shares of the Company’s restricted common stock and a warrant to purchase 50,000 shares of the Company’s restricted common stock exercisable at $.75 per share any time prior to October 2, 2026. The shares from this transaction have not been issued as of the date of this report. On December 6, 2023, the Company agreed to sell to a private investor 20,000 Units at a price of $.75 per Unit. Each Unit consists of one share of the Company’s restricted common stock and a warrant to purchase an additional share of the Company’s restricted common stock at a price of $1.50 any time prior to December 6, 2026. The shares from this transaction have not been issued as of the date of this report. On February 8, 2024, entities belonging to Peter S. Chung and Timothy B. Ruggiero, collectively, accepted a Pre-Funded Common Stock Purchase Warrant to purchase three million shares of the Company’s restricted common stock at $.01 per share until the Warrant has been exercised in full. These warrants were issued as full consideration for their surrendering of 1.9 million shares of the Company’s Founders Common Stock. See due to related parties and notes payable section in Note 8 and in Note 10 for additional information on convertible promissory notes issued with warrants on March 24, 2023, May 15, 2023, July 1, 2023, September 2023, October 2, 2023, April 1, 2024, and July 1, 2024. Warrants Issued for Management and Consulting Services 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 a 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 as part of his executive compensation during the 2022 fiscal year. These warrants vested on July 1, 2022. On May 26, 2022, Squadron Marketing LLC and Lazarus Asset Management LLC were each issued Class C 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 related to consulting services during fiscal 2022.This warrant vested on July 1, 2022. On June 12, 2022, Frank Horkey and Michael Christiansen were each issued 250,000 class C 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. Exercise of these warrants commenced upon the effective date of the Company’s registration statement for serving on the Company’s Board of Directors. On June 12, 2022, 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. Exercise of these warrants commenced upon the effective date of the Company’s registration statement for serving on the Company’s Advisory Board. On July 1, 2023, Squadron Marketing LLC, Lazarus Asset Management LLC, and Horkey were each issued a class C warrant to purchase 250,000 shares of the Company’s restricted common stock at an exercise price of $1.50 any time prior to June 30, 2026, for consulting services. Certain 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, 2024. Amounts related to shares issued as compensation for services not yet performed are treated as prepaid consulting (current and non-current). The amounts will be recognized in subsequent periods as they are earned according to the Agreements. The following is the outstanding warrant activity: Warrants Warrants - Weighted exercisable - Weighted Common Average Common Average Share Exercise Share Exercise Equivalents price Equivalents price Outstanding June 30, 2021 187,500 $ 0.75 187,500 $ 0.75 Additions Granted 3,497,833 1.5 1,247,833 1.5 Expired Expired - - - - Exercised - - - - Outstanding June 30, 2022 3,685,333 $ 1.47 1,435,333 $ 1.47 Additions Granted 400,002 1.5 1,983,335 1.5 Additions Granted 138,750 0.75 138,750 0.75 Rounding Adjustment 4 1.47 4 1.47 Outstanding June 30, 2023 4,224,089 $ 1.47 3,557,422 $ 1.47 Additions Granted 770,000 1.5 770,000 1.5 Additions Vested - - 333,334 1.5 Additions Granted 1,005,000 0.75 1,005,000 0.75 Additions Granted 3,000,000 0.1 3,000,000 0.1 Outstanding June 30, 2024 8,999,089 $ 0.91 8,665,756 $ 0.88 These warrants were valued using a Black Scholes calculation using a stock price of $0.13, an exercise price of $1.50 a volatility of 179% and a risk-free interest rate of 4.6%. 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 has committed to purchasing 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. On January 30, 2023, the same investor purchased 133,334 shares of restricted common stock, indicating all terms of these issuances as well. We closed the transactions contemplated by the Securities Purchase Agreement. 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. (B) No shares were issued in the year ended June 30, 2024. 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.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Jun. 30, 2024
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	NOTE 13. 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 the following subsequent events needed to be disclosed. On July 1, 2023, the Company issued Lazarus Asset Management, LLC a $75,000 Senior Secured Convertible Promissory Note bearing an interest rate of 10% per annum which was convertible at $0.50 per share to settle amounts owed as compensation. The Company agreed with Lazarus to issue 75,000 shares of the Company’s restricted common stock and a warrant to purchase 159,000 shares of the Company’s restricted common stock at $0.75 per share at any time prior to July 1, 2026. On January 1, 2024, the Company and Lazarus Asset Management LLC agreed to extend the principal and interest due totaling $76,875 into a new 180-Day Senior Secured Convertible Promissory Note bearing an interest rate of 10% per annum which was convertible at $0.50 per share to settle amounts owed as compensation. The Company agreed with Lazarus to issue 78,750 shares of the Company’s restricted common stock and a warrant to purchase 157,500 shares of the Company’s restricted common stock at $0.75 per share at any time prior to January 1, 2027. The balance owed on June 30, 2024, is $82,688, and Lazarus has assigned $41,623 of this note to two other stockholders, with the following terms: i. On July 1, 2024, the Company issued a shareholder a $36,623 Senior Secured Convertible Promissory Note Bearing an interest rate of 10% per annum and a maturity date of December 31, 2024, which may be converted at $.50 per share at any time during the period. As further inducement to purchase this Note, the Company agreed with the investor to issue 36,524 shares of the Company’s restricted common stock and a warrant to purchase 73,246 shares of the Company’s restricted common stock with an exercise price of $.75 prior to June 30, 2027. ii ii. On July 1, 2024, the Company issued a shareholder a $5,000 Senior Secured Convertible Promissory Note Bearing an interest rate of 10% per annum and a maturity date of December 31, 2024, which may be converted at $0.50 per share at any time during the period. As further inducement to purchase this Note, the Company agreed with the investor to issue 10,000 shares of the Company’s restricted common stock and a warrant to purchase 10,000 shares of the Company’s restricted common stock with an exercise price of $.75 prior to June 30, 2027. On October 20, 2024, the Company entered into an agreement with Clearwater Power Company (“Clearwater”) for the provision of electric power and facilities to support its cryptocurrency mining operations. As part of this contract, the Company deposited approximately $77,000 with Clearwater, held as a non-interest-bearing security deposit. Operations have not yet commenced as of the date of this report. On July 1, 2024, the Company entered into a Non-Binding Letter of Intent to acquire an established co-location facility in Orofino, Idaho for the purposes of consolidating its present mining operations and to expand into the co-location hosting market. There are no assurances that the Company will complete this purchase agreement or that we will be successful in consolidated operations. In anticipation of completing the acquisition of the Orofino, ID facility, the Company has applied for lease financing on September 10, 2024, for the purpose of securing 275 latest generation ASIC 270 terrahache miners over the next sixty days. The right to receive restricted common stock as an incentive for executing various note payables was waived on the note payable issuance date by Frank Horkey and Lazarus Asset Management, LLC. In October 2024, the Company agreed to replace those rights with prepaid warrants exercisable at $0.01 per share, with no expiration date.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Jun. 30, 2024
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Presentation	The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States if America of ("U.S. GAAP") as found in the Accounting Standards Codification ("ASC”), and the Accounting Standards Update ("ASU") of the Financial Accounting Standards Board ("FASB") and are expressed in US Dollars. The consolidated financial statements should be read in conjunction with the notes contained herein as part of the Company's Annual Report in its Form 10-K filing under the Securities Exchange Commission. Management further acknowledges that it is solely responsible for adopting sound accounting practices, establishing, and maintaining a system of internal accounting control and preventing and detecting fraud. The Company’s system of internal accounting control is designed to assure, among other items, that 1) recorded transactions are valid; 2) valid transactions are recorded; and 3) transactions are recorded in the proper period in a timely manner to produce financial statements which present fairly the financial condition, results of operations and cash flows of the Company for the respective periods being presented.
Restatement of the Audited Financial Statements	The financial statements have been restated for an omitted accrual in the amount of approximately $15,000 for the Company’s obligation to settle note payable incentives in the form of stock. These findings pertain to amounts reported for stock subscription payable, in the equity sections of the statements and the loan cost expense incurred. Refer to the statements and Note 10 “Notes Payable”.
Reclassification	Certain reclassifications have been made to prior periods to conform with current reporting.
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 e allowance for doubtful accounts. The Company currently has no accounts receivable.
Principles of Consolidation	As of June 30, 2024, the accounts include those of the Company and its 100% owned subsidiaries, T-REX Merger Sub, Raptor Mining Megalodon Mining and Electric. T-REX Merger Sub, Megalodon Mining and Electric, LLC are inactive entities with no account balances. All intercompany transactions have been eliminated. 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 President 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 filing, the Company has entered into a Letter of Intent to acquire an established co-location facility in Orofino, Idaho for the purposes of consolidating its present mining operations and to expand into the co-location hosting market.
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. Level 1 Level 2 Level 3 Total Note Payable (unrelated parties) – June 30, 2023 $ - $ - $ 69,525 $ 69,525 Level 1 Level 2 Level 3 Total Note Payable (related parties) – June 30, 2024 $ - $ - $ 357,200 $ 357,200 Note Payable (unrelated parties) - June 30, 2024 $ - $ - $ 134,375 $ 134,375 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 June 30, 2024. The assets and liabilities recorded on the balance sheet approximate their fair value.
Derivative Financial Instruments	The Company evaluates its convertible notes to determine if such instruments have derivatives or contain features (such as conversion features) that qualify as embedded derivatives. For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value and is then re-valued at each reporting date, with changes in the fair value reported in the statements of operations. For stock-based derivative financial instruments, the Company uses a weighted-average Black-Scholes-Merton option pricing model to value the derivative instruments at inception and on subsequent valuation dates. The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is evaluated at the end of each reporting period. The Company had convertible notes with derivative values determined as $0, on June 30, 2024, and 2023, principally due to its stock price and volatility.
Digital currencies - Bitcoin	The Company applies accounting for digital assets in accordance with the AICPA Practice Aid "Accounting for and Auditing of Digital Assets", the guide is dated as of June 30, 2022, and the SEC issued Staff Accounting Bulletin No. 121, which is effective for periods after June 15, 2022, which are the current nonauthoritative guidance for accounting for digital assets under U.S. generally accepted accounting principles (GAAP). The AICPA Practice Aid is non-authoritative guidance that represents the views of the Digital Assets Working Group and AICPA staff. There is currently no official pronouncement or authoritative guidance on accounting for digital assets and digital asset transactions. The Company held no digital assets on June 30, 2024, or 2023. On June 30, 2022, bitcoin balance held was valued at $9,211. Under ASU No. 2023-08, effective December 15, 2024, with early adoption permitted, companies are required to mark bitcoin and similar digital assets to market at each period and eliminate the need for impairment testing. This guidance ensures that bitcoin holdings are recorded at fair market value, reflecting any unrealized gains or losses at the end of each period. The Company adopted this new accounting standard early, as of the quarter ending June 30, 2024, to enhance the transparency and accuracy of its financial reporting. The reward for a bitcoin miner 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.
Plant and equipment - Crypto-currency machines	The rate at which the Company generates digital assets and, therefore, consumes the economic benefits of its transaction verification servers are influenced by a number of factors including the following: · the complexity of the transaction verification process which is driven by the algorithms contained within the bitcoin open-source software. · the general availability of appropriate computer processing capacity on a global basis (commonly referred to in the industry as the blockchain’s total hash rate) · technological obsolescence reflecting rapid development in the transaction verification server industry such that more recently developed hardware is more economically efficient to run in terms of digital assets generated as a function of operating costs, primarily power costs i.e., the speed of hardware evolution in the industry is such that later hardware models generally have faster processing capacity combined with lower operating costs and a lower cost of purchase. The Company operates in an emerging industry for which limited data is available to make estimates on the useful economic lives of specialized mining equipment. The equipment could become obsolete within less time than other equipment due to it being specialized, as new technology still being developed and improved. Plant and equipment, which represent mining equipment are stated at cost, net of accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the assets. Prior to the fiscal year June 30, 2023, management determined the expected useful life of mining machines as 7 years. During the fiscal year ended June 30, 2023, management has reassessed that the mining machines’ useful life to 1-year rather than 7 years, consistent with current industry research and publications on bitcoin machines. The change in the estimated useful life was accounted for prospectively by updating the accumulated depreciation and incurring the related depreciation expense in the fiscal year ended June 30, 2024. Management’s assessment takes into consideration the availability of historical data and management's expectations regarding the direction of the industry including potential changes in technology. Management will review this estimate annually and will revise such estimates as and when data becomes available. Management reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying value may not be realizable. If an evaluation is required, the estimated future undiscounted cash flows associated with the asset are compared to the asset's carrying value to determine if an adjustment for impairment is necessary. The effect of any impairment would be to expense the difference between the fair value of such asset and it’s carrying value.
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 under its mining pool contract. The consideration the Company receives is a bitcoin reward, which the Company measures at fair value on the date awarded. 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 placed and rewards 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, mining equipment depreciation, and electricity costs are also recorded as cost of revenue. Fair value of the digital asset award received is determined using the average U.S. dollar spot rate of the related digital currency on the grant date of the reward. Additionally in its regular courses of business the Company earns a gain or incurs a loss on the trade of bitcoin awarded.
Stock based compensations	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. Through June 30, 2024, and through the date of filing, there have been no intervening lawsuits, claims or judgments filed.
Related Party Disclosures	Under ASC 850 “Related Party Transactions” an entity or person is considered to be a “related party” if it has control, significant influence or is a key member of management personnel. A transaction is considered to be a related party transaction when there is a transfer of resources of obligations between related parties. The Company, in accordance with the standard ASC 850, presents disclosures about related party transactions and outstanding balances with related parties, see Note 8.
Earnings per Share	The Company computes earnings (loss) per share ("EPS") in accordance with ASC 260, "Earnings per Share" which requires presentation of both basic and diluted EPS on the face of the statement of operations. Basic EPS is computed by dividing net income (loss) available to common shareholders by the weighted average number of shares outstanding during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of warrants or stock options and the conversion of instruments convertible to common stock. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive.
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 June 30, 2024, we had a net operating loss carry-forward of approximately $7,023,798 and a deferred tax asset of $1,474,998 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 a valuation allowance of $1,474,998. 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. On June 30, 2024, the Company had not taken any tax positions that would require disclosure under FASB ASC 740. June 30, 2024 June 30, 2023 Deferred Tax Asset $ 1,474,998 $ 1,260,111 Valuation Allowance (1,474,998 ) (1,260,111 ) Deferred Tax Asset (Net) $ 0 $ 0 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. The IRS requires all domestic corporations in existence for any part of the tax year to file an income tax return whether or not they have taxable income. The Company incurred a loss for the fiscal years ended June 30, 2024, and 2023 and has not filed tax returns for either year. The Company has not received any notifications from the IRS. Reported tax benefits and valuation allowances are the Company’s best estimate of its tax positions and have not been reviewed by the taxing authority.
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 8,999,089 shares of common stock as of June 30, 2024. 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.
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)	12 Months Ended
	Jun. 30, 2024
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Schedule of fair value of financial instruments	Level 1 Level 2 Level 3 Total Note Payable (unrelated parties) – June 30, 2023 $ - $ - $ 69,525 $ 69,525 Level 1 Level 2 Level 3 Total Note Payable (related parties) – June 30, 2024 $ - $ - $ 357,200 $ 357,200 Note Payable (unrelated parties) - June 30, 2024 $ - $ - $ 134,375 $ 134,375
Schedule of net deferred tax assets	June 30, 2024 June 30, 2023 Deferred Tax Asset $ 1,474,998 $ 1,260,111 Valuation Allowance (1,474,998 ) (1,260,111 ) Deferred Tax Asset (Net) $ 0 $ 0

CRYPTOCURRENCIES (Tables)

CRYPTOCURRENCIES (Tables)	12 Months Ended
	Jun. 30, 2024
CRYPTOCURRENCIES
Schedule of Cryptocurrencies	June 30, 2024 June 30, 2023 Beginning balance $ - $ 9,211 Increase Value of bitcoin mined on the reward date 15,824 54,607 Realized gain (loss) on sale/exchange of bitcoin - 1,030 15,824 64,848 Decrease Bitcoin used for operational expenses (Cost basis) 15,824 64,848 15,824 64,848 Ending balance $ - $ -

PROPERTY PLANT EQUIPMENT - MI_2

PROPERTY PLANT EQUIPMENT - MINING MACHINES (Tables)	12 Months Ended
	Jun. 30, 2024
PROPERTY PLANT EQUIPMENT - MINING MACHINE
Schedule of property plant and equipment	Estimated Life in years June 30, 2024 June 30, 2023 Mining equipment 1 $ 533,500 $ 533,500 533,500 518,522 Less: Accumulated Depreciation $ - $ 14,948 Fixed assets, net

ACCOUNTS PAYABLE AND ACCRUED _2

ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)	12 Months Ended
	Jun. 30, 2024
ACCOUNTS PAYABLE AND ACCRUED EXPENSES
Schedule of accounts payable and accrued liabilities	June 30, 2024 June 30, 2023 Vendor Payables Marketing and promotional costs $ 4,163 $ 4,163 SEC regulatory cost 5,000 904 Professional fees 3,103 26,388 Crypto operation costs 8,969 - Vendor Payables (related parties) Reimbursable costs 15,214 22,758 Compensation 18,000 6,000 Vendor Accruals Environmental cost 3,500 3,500 Accounts Payable & Accrued Liabilities $ 57,950 $ 63,713

WARRANTS (Tables)

WARRANTS (Tables)	12 Months Ended
	Jun. 30, 2024
WARRANTS
Schedule of outstanding warrant activity	Warrants Warrants - Weighted exercisable - Weighted Common Average Common Average Share Exercise Share Exercise Equivalents price Equivalents price Outstanding June 30, 2021 187,500 $ 0.75 187,500 $ 0.75 Additions Granted 3,497,833 1.5 1,247,833 1.5 Expired Expired - - - - Exercised - - - - Outstanding June 30, 2022 3,685,333 $ 1.47 1,435,333 $ 1.47 Additions Granted 400,002 1.5 1,983,335 1.5 Additions Granted 138,750 0.75 138,750 0.75 Rounding Adjustment 4 1.47 4 1.47 Outstanding June 30, 2023 4,224,089 $ 1.47 3,557,422 $ 1.47 Additions Granted 770,000 1.5 770,000 1.5 Additions Vested - - 333,334 1.5 Additions Granted 1,005,000 0.75 1,005,000 0.75 Additions Granted 3,000,000 0.1 3,000,000 0.1 Outstanding June 30, 2024 8,999,089 $ 0.91 8,665,756 $ 0.88

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Level 1
Notes payable (related parties)	$ 0
Notes payable (unrelated parties)	0	$ 0
Level 2
Notes payable (related parties)	0
Notes payable (unrelated parties)	0	0
Level 3
Notes payable (related parties)	357,200
Notes payable (unrelated parties)	134,375	69,525
Total Level
Notes payable (related parties)	357,200
Notes payable (unrelated parties)	$ 134,375	$ 69,525

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1) - USD ($)	Jun. 30, 2024	Jun. 30, 2023
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Deferred Tax Asset	$ 1,474,998	$ 1,260,111
Valuation Allowance	(1,474,998)	(1,260,111)
Deferred Tax Asset (Net)	$ 0	$ 0

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2022	Jun. 30, 2023
Net operating loss carry forward	$ 7,023,798
Digital asset balance		$ 9,211
Digital currencies description		The reward for a bitcoin miner 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
Owned subsidiary percentage	100%
Deferred Tax Asset	$ 1,474,998		$ 1,260,111
Restatement adjustment for omitted accrual related to note payable incentives	$ 15,000
Statutory rate	21%
Anti-dilutive Potentially dilutive, shares	8,999,089
Valuation Allowance	$ (1,474,998)
Mining Machines [Member]
Estimated useful life	7 years

GOING CONCERN (Details Narrativ

GOING CONCERN (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
GOING CONCERN
Accumulated deficit	$ (7,023,798)	$ (6,000,527)
Net loss	(1,023,271)	$ (1,839,770)
Working capital deficit	$ (1,107,612)

PRE-PAID CONSULTING (Details Na

PRE-PAID CONSULTING (Details Narrative) - USD ($)		12 Months Ended
	Jun. 12, 2022	Jun. 30, 2024	Jun. 30, 2023
Prepaid consulting - current		$ 152,213	$ 161,546
Share issued for services, value			$ 21,000
Advisors And Directors [Member]
Share issued for services	1,000,000
Share issued for services, value	$ 456,639
Price per share	$ 0.46
Chief Financial Officer [Member] | January 1, 2023 [Member]
Vested Period		18 months
Share issued for services		100,000
Share issued for services, value		$ 14,000
Price per share		$ 0.14

CRYPTOCURRENCIES (Details)

CRYPTOCURRENCIES (Details) - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
CRYPTOCURRENCIES
Beginning balance	$ 0	$ 9,211
Increase Value of bitcoin mined on the reward date	15,824	54,607
Realized gain (loss) on sale/exchange of bitcoin	0	1,030
Total increase Value of bitcoin mined	15,824	64,848
Decrease Bitcoin used for operational expenses (Cost basis)	15,824	64,848
Total decrease of Bitcoin used for operational expenses	15,824	64,848
Ending balance	$ 0	$ 0

PROPERTY PLANT EQUIPMENT - MI_3

PROPERTY PLANT EQUIPMENT - MINING MACHINES (Details)) - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Property equipment gross	$ 533,500	$ 518,522
Less: Accumulated Depreciation	0	14,948
Fixed assets, net	0	14,948
Mining Equipment [Member]
Property equipment gross	$ 533,500	$ 533,500
Eqipment useful lives	1 year

PROPERTY PLANT EQUIPMENT - MI_4

PROPERTY PLANT EQUIPMENT - MINING MACHINES (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
PROPERTY PLANT EQUIPMENT - MINING MACHINE
Depreciation expenses	$ 14,948	$ 494,685

ACCOUNTS PAYABLE AND ACCRUED _3

ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Details)) - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Total accounts payable and accrued liabilities	$ 57,950	$ 63,713
Environmental cost [Member]
Vendor Accruals	3,500	3,500
Compensation [Member]
Vendor payables related parties	18,000	6,000
Professional fees [Member]
Vendor payables	3,103	26,388
Crypto operation costs [Member]
Vendor payables	8,969	0
SEC regulatory cost [Member]
Vendor payables	5,000	904
Reimbursable costs [Member]
Vendor payables related parties	15,214	22,758
Marketing and promotional costs [Member]
Vendor payables	$ 4,163	$ 4,163

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)						1 Months Ended				12 Months Ended
	Jul. 02, 2024	Feb. 09, 2024	Jan. 02, 2024	Jul. 02, 2023	Aug. 06, 2021	Apr. 30, 2024	Jan. 31, 2024	Jul. 31, 2023	Jan. 30, 2023	Jun. 30, 2024	Jul. 01, 2024	Jul. 01, 2023	Jun. 30, 2023
Restricted shares issued					450,000
Conversion of Stock, amount converted					$ 45,000
Founder share issued					1,050,000
Accrued interest							$ 1,875			$ 3,931
Interest rate	10%			10%
Promissory note												$ 75,000
Compensation payble [Member]
Due to Related Party										88,430			$ 147,800
Advisors And Directors [Member]
Due to Related Party										96,000			48,000
Chief Executive Officer [Member]
Monthly cost										250
Rent expense										$ 3,000
Description of lease term										The term of the lease is for 365 days and ends on June 30, 2024. On June 30, 2024,
Timothy B. Ruggiero [Member]
Convrtible shares issued during period		$ 50,000
Accrued interest										$ 349
Shares cancelled									900,000
Interest rate		5%
Conversion price		$ 0.25
Restricted share received as incentive		100,000
Advances										13,602
Promissory note										50,000
Peter Chung [Member]
Shares cancelled									1,000,000
Advances										13,602
Management fees [Member]
Due to Related Party										480,000			$ 300,000,000
Frank Horkey [Member]
Convrtible shares issued during period						$ 75,000	75,000	$ 75,000
Accrued interest							$ 3,750			3,833
Interest rate						10%	10%	10%
Conversion price						$ 0.50	$ 0.50	$ 0.50
New senior secured convertible promissory note							$ 78,750
Restricted share received as incentive						75,000
Restricted common stock issued during period							78,750	75,000
Warrants to purchase						150,000	157,500	150,000
Exercise price						$ 0.75	$ 0.75	$ 0.75
Promissory note										78,750
Lazarus Asset Management, LLC [Member]
Convrtible shares issued during period						$ 75,000	$ 75,000	$ 75,000
Accrued interest							$ 3,750			$ 3,938
Debt Instruments and Related Disclosures										Lazarus assigned $36,623 and $5,000 of the principal to two other stockholders. The note payable balance was canceled on July 1, 2024, and a new Senior Secured Convertible Promissory Note was issued with a principal of $41,064, interest rate of 10% per annum, conversion rate of $.50 per share and maturity date of June 30, 2024. As further inducement to settle amounts owed as compensation, the Company agreed to issue 41,064 restricted shares of its common stock and a warrant to purchase 82,134 restricted common shares at $.75 per share at any time prior to July 1, 2027, the warrant expiration date
Interest rate	10%		10%			10%	10%	10%
Conversion price						$ 0.50	$ 0.50	$ 0.50
New senior secured convertible promissory note							$ 78,750
Restricted share received as incentive						75,000
Restricted common stock issued during period							78,750	75,000
Warrants to purchase						150,000	157,500	150,000
Exercise price						$ 0.75	$ 0.75	$ 0.75
Promissory note										$ 78,750	$ 36,623

NOTES PAYABLE (Details Narrativ

NOTES PAYABLE (Details Narrative) - USD ($)						1 Months Ended
	Jul. 02, 2024	Mar. 12, 2024	Oct. 02, 2023	Jul. 02, 2023	May 15, 2023	Mar. 23, 2024	Sep. 29, 2023	Sep. 25, 2023	Mar. 24, 2023	Jun. 30, 2024	Jan. 31, 2024	Jun. 30, 2023
Accrued interest										$ 3,931	$ 1,875
Stock subscription payable										15,200		$ 0
Interest rate	10%			10%
Private investor [Member]
Convrtible shares issued during period		$ 10,000	$ 25,000		$ 19,375	$ 10,000	$ 20,000	$ 20,000	$ 50,000
Accrued interest					$ 1,115		$ 1,875	$ 1,507		35
Interest rate		10%	10%		5%	10%	10%	10%	5%
Conversion price		$ 0.50	$ 0.50		$ 0.50	$ 0.50	$ 0.50	$ 0.50	$ 0.50
Warrants to purchase			50,000		38,750			40,000	100,000
Exercise price			$ 0.75		$ 0.75			$ 0.75	$ 0.75
Shares converted into shares of restricted common stock		20,000	25,000		100,000	30,000	25,000	20,000	100,000
Principal balance owed										50,000
Private investor Two [Member]
Stock subscription payable										3,200
Principal balance owed										20,000
Private investor One [Member]
Stock subscription payable										4,000
Principal balance owed										19,375
Private investor Three [Member]
Accrued interest										1,875
Stock subscription payable										3,200
Private investor Four [Member]
Accrued interest										304
Principal balance owed										10,000
Private investor Five [Member]
Accrued interest										125
Stock subscription payable										4,800
Principal balance owed										$ 10,000

COMMON STOCK (Details Narrative

COMMON STOCK (Details Narrative)	12 Months Ended
	Jun. 30, 2024 shares
Squadron Marketing LLC [Member]
Shares received	250,000
Descriptions of Common stock vesting share	eighty-three thousand three hundred thirty-three (83,333) shares upon signing as of July 1, 2022; twenty thousand eight hundred thirty- three (20,833) shares vest quarterly the fiscal year ended June 30, 2024; twenty thousand eight hundred thirty-three (20,833) shares vest quarterly for the fiscal year ended June 30, 2025
Michael Christiansen [Member]
Shares received	250,000
Descriptions of Common stock vesting share	eighty-three thousand three hundred thirty-three (83,333) shares upon signing as of July 1, 2022; twenty thousand eight hundred thirty- three (20,833) shares vest quarterly the fiscal year ended June 30, 2024; twenty thousand eight hundred thirty- three (20,833) shares vest quarterly for the fiscal year ended June 30, 2025
Management Agreement [Member] | Frank Horkey [Member]
Shares received	350,000
Descriptions of Common stock vesting share	eighty-three thousand three hundred thirty-three (83,333) shares upon signing as of July 1, 2022;twenty thousand eight hundred thirty three (20,833) shares vest quarterly the fiscal year ended June 30, 2024 twenty thousand eight hundred thirty three (20,833 shares vest quarterly for the fiscal year ended June 30, 2025
Common stock shares issuable	250,000
James Marshall [Member]
Shares received	75,000
Lazarus Asset Management, LLC [Member]
Shares received	250,000
Descriptions of Common stock vesting share	eighty-three thousand three hundred thirty-three (83,333) shares upon signing as of July 1, 2022 twenty thousand eight hundred thirty-three (20,833) shares vest quarterly the fiscal year ended June 30, 2024; twenty thousand eight hundred thirty-three (20,833) shares vest quarterly for the fiscal year ended June 30, 2025
Shawn Perez [Member]
Shares issued for services	50,000
John Bennet [Member]
Shares received	50,000
Additional restricted common stock	100,000
Vested share per quarter	16,666

WARRANTS (Details)

WARRANTS (Details) - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Warrant [Member]
Warrants, outstanding, beginning balance	4,224,089	3,685,333	187,500
Warrants exercisable - common share equivalents, Additions, Granted	770,000	400,002	3,497,833
Warrants exercisable - common share equivalents, Vested	0
Warrants exercisable - common share equivalents, Additions, Granted 1	$ 1,005,000	$ 138,750
Warrants exercisable - common share equivalents, Additions, Granted 2	$ 3,000,000
Warrants exercisable - common share equivalents, Additions, Rounding Adjustment		4
Warrants exercisable - common share equivalents, Expired		0	0
Warrants exercisable - common share equivalents, Exercised		0	0
Warrants, outstanding, ending balance	8,999,089	4,224,089	3,685,333
Weighted average exercise price per share beginning balance	$ 1.47	$ 1.47	$ 0.75
Weighted average exercise price per share granted	1.5	1.5	1.5
Weighted average exercise price per share vested	0
Weighted average exercise price per share granted 1	0.75	0.75
Weighted average exercise price per share Addition Granted 3	0.1
Weighted average exercise price per share Addition Rounding Adjustment		1.47
Weighted average exercise price per share expired			0
Weighted average exercise price per share exercised			0
Weighted average exercise price per share ending balance	$ 0.91	$ 1.47	$ 1.47
Warrants exercisable - Common Share Equivalents [Member]
Warrants, outstanding, beginning balance	3,557,422	1,435,333	187,500
Warrants exercisable - common share equivalents, Additions, Granted	770,000	1,983,335	1,247,833
Warrants exercisable - common share equivalents, Vested	333,334
Warrants exercisable - common share equivalents, Additions, Granted 1	$ 1,005,000	$ 138,750
Warrants exercisable - common share equivalents, Additions, Granted 2	$ 3,000,000
Warrants exercisable - common share equivalents, Additions, Rounding Adjustment		4
Warrants exercisable - common share equivalents, Expired			0
Warrants exercisable - common share equivalents, Exercised	0		0
Warrants, outstanding, ending balance	8,665,756	3,557,422	1,435,333
Weighted average exercise price per share beginning balance	$ 1.47	$ 1.47	$ 0.75
Weighted average exercise price per share granted	1.5	1.5	1.5
Weighted average exercise price per share vested	1.5
Weighted average exercise price per share Addition Granted 3	0.1
Weighted average exercise price per share Addition Rounding Adjustment		1.47	0
Weighted average exercise price per share expired			0
Weighted average exercise price per share exercised			0
Weighted average exercise price per share ending balance	0.88	1.47	$ 1.47
Weighted average exercise price per share granted 1	$ 0.75	$ 0.75

WARRANTS (Details Narrative)

WARRANTS (Details Narrative) - USD ($)									1 Months Ended						12 Months Ended
	Jul. 02, 2024	Feb. 08, 2024	Dec. 06, 2023	Oct. 02, 2023	Jul. 02, 2023	Aug. 08, 2022	Jun. 12, 2022	May 05, 2022	Oct. 31, 2024	Jul. 31, 2023	Jan. 30, 2023	Jul. 22, 2022	May 26, 2022	Jul. 31, 2021	Jun. 30, 2024	Nov. 28, 2022	Aug. 01, 2022	Jul. 28, 2022
Exercise price	$ 0.75				$ 0.50				$ 0.01
Stock price															$ 0.13
Warrants issued					75,000			747,837
Volatility range															179%
Risk-free interest															4.60%
Common Stock shares surrenderred		$ 1,900,000
Securities Purchase Arrangement [Member]
Warrant exercise price						$ 1.50		$ 1.50				$ 1.50				$ 1.50	$ 1.50	$ 1.50
Sale of common stock, value						$ 100,000						$ 100,000
Sale of common stock, shares						133,333					133,334	133,333
Warrants Purchase						133,333						133,333
Warrants issued, amount								$ 560,875
Warrants issued								747,837
Private Investor [Member]
Exercise price				$ 0.50
Warrant exercise price			$ 0.75	$ 0.75
Warrants Purchase				50,000
Warrants issued				25,000
Alloted units for restricted common stock			20,000
Risk-free interest				10%
Promissory Note				$ 25,000
Warrants Series C [Member] | Squadron Marketing LLC and Lazarus Asset Management LLC [Member]
Exercise price							$ 1.50			$ 1.50			$ 1.50	$ 1.50
Warrants Purchase							250,000			250,000			500,000	250,000
Warrants Series C [Member] | Frank Horkey And Micheael Christiansen [Member]
Warrant exercise price							$ 1.50
Warrants Purchase							250,000
Warrants issued							250,000
Class C Warrant [Member] | Frank Horkey [Member]
Exercise price													$ 1.50
Warrants Purchase													250,000

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - USD ($)					1 Months Ended
	Jul. 02, 2024	Jan. 02, 2024	Jul. 02, 2023	May 05, 2022	Oct. 31, 2024	Apr. 30, 2024	Jan. 31, 2024	Jul. 31, 2023	Oct. 20, 2024	Jul. 01, 2024	Jun. 30, 2024	Jan. 01, 2024	Jul. 01, 2023	Jun. 30, 2023	Jun. 30, 2022
Interest rate	10%		10%
Exercise price	$ 0.75		$ 0.50		$ 0.01
Warrant to purchase shares													159,000
Principal and interest			$ 76,875
Convertible per share										$ 0.50			$ 0.75
Stockholders											$ (1,107,612)			$ (276,422)	$ 759,202
Convertible Promissory Note													$ 75,000
Warrants issued			75,000	747,837
Frank Horkey [Member]
Convertible Promissory Note											82,688
Lazarus Asset Management, LLC [Member]
Interest rate	10%	10%				10%	10%	10%
Exercise price	$ 0.75		$ 0.50
Warrant to purchase shares										73,246		157,500
Senior secured convertible promissory note issued										$ 5,000
Restricted common stock shares issued										10,000			78,750
warrant to purchase shares of restricted common stock										10,000
Share sold to investor	36,524
Deposit									$ 77,000
Convertible per share										$ 0.50
Stockholders												$ 41,623
Convertible Promissory Note										$ 36,623	$ 78,750