T-REX Acquisition (TRXA) 10-Q 21 Feb 25 2025 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Dec. 31, 2024	Feb. 21, 2025
Cover [Abstract]
Entity Registrant Name	T-REX Acquisition Corp.
Entity Central Index Key	0001437750
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--06-30
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Document Period End Date	Dec. 31, 2024
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2025
Entity Common Stock Shares Outstanding		18,223,953
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	33324-1708
City Area Code	954
Local Phone Number	960-7100
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2024	Jun. 30, 2024
CURRENT ASSETS:
Cash	$ 144	$ 36
Crypto currency held	0	0
Prepaid consulting - current	76,107	152,213
Prepaid expense	37,845	0
Other assets	110,069	0
TOTAL CURRENT ASSETS	224,165	152,249
TOTAL NON CURRENT ASSETS	0	0
TOTAL ASSETS	224,165	152,249
CURRENT LIABILITIES:
Accounts payable and accrued expenses	79,776	57,950
Due to related party- accrued compensation	795,954	664,430
Due to related party- advances	0	13,602
Notes payable- third parties	185,998	134,375
Interest payable- third parties	9,833	4,961
Notes payable - related parties	387,314	357,500
Interest payable - related parties	16,702	12,043
Derivative liability	85,374	0
Deposit payable	15,000	15,000
TOTAL CURRENT LIABILITIES	1,575,951	1,259,861
TOTAL NON CURRENT LIABILITIES	0	0
TOTAL LIABILITIES	1,575,951	1,259,861
Commitments and Contingencies (Note 9)	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 December 31, 2024, and June 30, 2024, respectively	1,822	1,822
Additional paid in capital	5,959,439	5,899,164
Stock subscription payable	439,993	15,200
Accumulated deficit	(7,753,040)	(7,023,798)
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)	(1,351,786)	(1,107,612)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	$ 224,165	$ 152,249

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2024	Jun. 30, 2024
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 (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
REVENUE
Mining revenue	$ 0	$ 2,912	$ 0	$ 15,824
Realized gain (loss) on sale/exchange of Bitcoin	0	0	0	0
Impairment of digital assets	0	0	0	0
Total revenues	0	2,912	0	15,824
Cost of goods sold
Depreciation	0	0	0	14,948
Hosting	0	6,943	0	14,162
Total cost of goods sold	0	6,943	0	29,110
Gross Profit (Loss)	0	(4,031)	0	(13,286)
Expenses
Transfer agent and filing fees	3,234	1,197	22,876	22,530
Professional fees	16,620	(2,224)	52,503	40,776
Management and consulting fees	154,752	142,090	309,503	266,590
Share based compensation	74,858	65,857	149,716	206,714
Administration fees	70,724	8,362	86,151	11,389
Total operating expenses	320,188	215,282	620,749	547,999
Loss from Operations	(320,188)	(219,313)	(620,749)	(561,285)
Other income (expense)
Interest expense	(11,865)	(4,879)	(23,119)	(6,773)
Gain (loss) on derivative liabilities	(85,374)	0	(85,374)	0
Total other income (expense)	(97,239)	(4,879)	(108,493)	(6,773)
Loss Before Income Taxes	(417,427)	(224,192)	(729,242)	(568,058)
Less: Provision for Income Taxes	0	0	0	0
Net Loss	$ (417,427)	$ (224,192)	$ (729,242)	$ (568,058)
Basic and Dilutive Net Loss Per Share	$ (0.02)	$ (0.01)	$ (0.04)	$ (0.03)
Basic and dilutive - weighted average number of common shares outstanding	18,223,953	18,223,953	18,223,953	18,223,953

CONSOLIDATED STATEMENT OF CHANG

CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) - USD ($)	Total	Stock Subscription Payable	Common Stock	Additional Paid-in Capital	Accumulated Deficit
Balance, shares at Jun. 30, 2021			14,669,106
Balance, amount at Jun. 30, 2021	$ (46,124)	$ 0	$ 1,467	$ 2,818,968	$ (2,866,559)
Shares issued for related party debt conversion, shares			1,500,000
Shares issued for related party debt conversion, amount	45,000		$ 150	44,850
Share based expense for warrants issued	770,850		$ 0	770,850
Shares issued for subscriptions, shares			747,837
Shares issued for subscriptions, amount	560,875		$ 75	560,800
Shares issued for services, shares			1,475,000
Shares issued for services, amount	604,750		$ 148	604,602
Shares issued for debt conversion, shares			1,182,009
Shares issued for debt conversion, amount	118,050		$ 118	117,932
Net loss	(1,294,198)		$ 0	0	(1,294,198)
Balance, shares at Jun. 30, 2022			19,573,952
Balance, amount at Jun. 30, 2022	759,202	0	$ 1,958	4,918,002	(4,160,757)
Share based expense for warrants issued	483,145		$ 0	483,145
Shares issued for services, shares			150,000
Shares issued for services, amount	21,000		$ 15	20,985
Net loss	(1,839,770)		$ 0	0	(1,839,770)
Shares surrendered, shares			(1,900,000)
Shares surrendered, amount	0		$ (190)	190
Shares issued for cash, shares			400,001
Shares issued for cash, amount	300,001		$ 40	299,961
Subscriptions received	0
Balance, shares at Jun. 30, 2023			18,223,953
Balance, amount at Jun. 30, 2023	(276,422)	0	$ 1,822	5,722,283	(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)	15,200	$ 1,822	5,899,164	(7,023,798)
Share based expense for warrants issued	110,138		0	110,138
Net loss	(311,815)		$ 0	0	(311,815)
Note payable obligation to issue shares	11,460	11,460
Balance, shares at Sep. 30, 2024			18,223,953
Balance, amount at Sep. 30, 2024	(1,297,829)	26,660	$ 1,822	6,009,302	(7,335,613)
Balance, shares at Jun. 30, 2024			18,223,953
Balance, amount at Jun. 30, 2024	(1,107,612)	15,200	$ 1,822	5,899,164	(7,023,798)
Net loss	(729,242)
Balance, shares at Dec. 31, 2024			18,223,953
Balance, amount at Dec. 31, 2024	(1,351,786)	439,993	$ 1,822	5,959,439	(7,753,040)
Balance, shares at Sep. 30, 2024			18,223,953
Balance, amount at Sep. 30, 2024	(1,297,829)	26,660	$ 1,822	6,009,302	(7,335,613)
Share based expense for warrants issued	30,137		0	30,137
Net loss	(417,427)		$ 0	0	(417,427)
Changes in prepaid consulting/share- based expenses	(80,000)			(80,000)
Obligation to issue shares for cash received	400,000	400,000
Obligation to issue shares for services	13,333	13,333
Balance, shares at Dec. 31, 2024			18,223,953
Balance, amount at Dec. 31, 2024	$ (1,351,786)	$ 439,993	$ 1,822	$ 5,959,439	$ (7,753,040)

CONSOLIDATED STATEMENT OF CASH

CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)	6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
OPERATING ACTIVITIES
Net loss	$ (729,242)	$ (568,058)
Adjustments to reconcile net loss to net cash used in operating activities
Share based expense for warrants issued	136,381	206,713
Cost of goods sold - depreciation expense	0	14,948
Loan costs - paid by share issuance	11,460	0
Share based expense for services rendered	13,333	0
Loss (gain) on derivative liability	85,374	0
Changes in assets and liabilities:
Other assets	(110,069)	0
Prepaid expense	(37,845)	0
Accounts payable and accrued expenses	21,826	25,967
Interest payable to third parties	4,872
Interest payable to related parties	4,659	0
Due to related parties	131,524
Advances payable to related parties	(13,602)	0
Deposit payable	0	15,000
Net cash used in operating activities	(481,329)	(305,430)
INVESTING ACTIVITIES:
Purchase of Equipment	0	0
Net cash used in investing activities	0	0
FINANCING ACTIVITIES:
Shares to be issued for cash	400,000	0
Net change in related party debt	0	79,038
Proceeds from issuance of note payable - related parties	29,814	157,500
Proceeds from issuance of note payable - unrelated parties	51,623	46,185
Net cash provided by financing activities	481,437	282,723
NET INCREASE IN CASH	108	(22,707)
CASH AT BEGINNING OF PERIOD	36	23,909
CASH AT END OF PERIOD	144	1,202
Supplemental Cashflow Information
Interest paid	1,850	0
Taxes paid	$ 0	$ 0

ORGANIZATION AND DESCRIPTION OF

ORGANIZATION AND DESCRIPTION OF BUSINESS	6 Months Ended
	Dec. 31, 2024
ORGANIZATION AND DESCRIPTION OF BUSINESS
ORGANIZATION AND DESCRIPTION OF BUSINESS	NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS In July 2021, T-REX Acquisition Corp. (the “ Company Raptor Mining The Company’s initial objective is to secure a Bitcoin distribution ledger platform. Bitcoin (BTC) is a decentralized digital currency that operates without a central authority like a government or financial institution. It was created in 2009 by an anonymous person or group using the pseudonym Satoshi Nakamoto. Bitcoin enables peer to peer transactions over a secure, decentralized network called the blockchain. Bitcoin was the first decentralized digital currency that could be exchanged without a central controlling authority. Lowercase “bitcoin” refers to the virtual asset (cryptocurrency) that is used to incentivize miners to maintain the protocol network named Bitcoin. The Company regularly researches other opportunities to secure additional distributed ledger systems and protocols. On February 17, 2022, the Company began to receive bitcoin rewards (or some fraction thereof from the Bitcoin network). The Company generates revenue Bitcoin rewards are earned, with their value reported in United States Dollars (“USD”). The Company does not retain Bitcoin in its accounts and typically converts it to USD or uses it for payments to third parties. Investing in our securities involves a high degree of risk. Prior to making a decision about investing in our securities, you should carefully consider the risk factors discussed in Section 1A, “Risk Factors”. Subsidiaries The Company is a holding company, which wholly owns the following subsidiaries: Raptor Mining LLC, a Florida limited liability company (“Raptor Mining”); Megalodon Mining and Electric, LLC a Florida limited liability company (“Megalodon”); and TRXA Merger Sub, Inc., an inactive Delaware corporation (“Merger Sub”). Raptor Mining’s operations include the Company’s cryptocurrency mining operations and virtual asset acquisitions. 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. As of the date of this Report, the Company is party to a Non-Binding Letter of Intent to acquire an established a co-location facility in Orofino, Idaho to consolidate its present mining operations and to expand into the co-location hosting market. There are no assurances that the Company will complete a purchase agreement for the Idaho facility or that we will be successful in consolidating our operations. (see Note 9- Commitments & Contingencies).

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Dec. 31, 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 quarterly filing in its Form 10-Q 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 Prior Year Audited Financial Statements On June 30, 2024, our audited financial statements were restated for an omitted accrual in the amount of approximately $15,000 representing the Company’s obligation to settle note payable incentives in the form of stock. These findings pertain to amounts reported as stock subscriptions 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. When there is a potential of non-collections, an allowance is booked as a contra account to accounts receivable with the offset for the entry being bad debt expense. When collections are deemed more likely than not, the accounts receivable amount is directly written off and incurred as a bad debt expense. When an allowance for potential non-collections is subsequently more likely than not non-collectible, the related allowance is reduced, and the accounts receivable balance is directly written off. Principles of Consolidation As of December 31, 2024, the accounts include those of the Company and its 100% owned subsidiaries, T-REX Merger Sub, Raptor Mining LLC Megalodon Mining and Electric LLC. All intercompany transactions have been eliminated. 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. Prepaid Expenses Prepaid Expenses are primarily governed by ASC 340-10-25 (Other Assets and Deferred Costs- Recognition.) In accordance with this standard, payments made by the Company in cash or other forms of consideration for goods or services not yet received are classified as prepaid expenses. The Company issued shares to directors and consultants as compensation for services to be performed over a defined period. The portion of this share-based compensation allocated to the future services is recorded as “Pre-paid Consulting” on the balance sheet. These transactions are valued using the service amount specified in the service provider’s invoice or contract, or at the Company’s stock price on the grant date, whichever is the better estimate for the value of service. 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 (related parties) – June 30, 2024 $ - $ - $ 357,500 $ 357,500 Notes Payable– June 30, 2024 third parties $ - $ - $ 134,375 $ 134,375 Notes Payable (related parties) – December 31, 2024 $ - $ - $ 387,314 $ 387,314 Note Payable– December 31, 2024- third parties $ - $ - $ 185,998 $ 185,998 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 approximates the fair value of such instruments based upon their present value determined from interest rates for debt obligations on December 31, 2024. Assets and liabilities reported 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 $85,374 and $0, on December 31, 2024, and June 30, 2024, respectively, 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 December 31. 2024, or June 30, 2024. 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, 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, 2024, management reassessed that the mining machines’ useful life to 1-year rather than 7 years, consistent with industry research and publications on bitcoin machines at the time of assessment. 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 Company receives its consideration as 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. Additionally, since its early adoption of ASU NO. 2023-08, the Company is permitted to carry digital assets such as bitcoin at their fair value. The Company would recognize an unrealized gain or loss from the change of the fair value at each reporting period. If bitcoin is sold, the Company would recognize a realized gain or loss for the difference in the fair value prior to the sale and consideration exchanged for the bitcoin. There is no significant financing component in these transactions. Expenses associated with running the digital currency mining business, such as rent, and electricity costs are also recorded as cost of revenue. Depreciation on digital currency mining equipment is recorded as a component of the 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. Expenses associated with running the digital currency mining business, such as rent, and electricity cost are also recorded as cost of revenues. Depreciation on digital currency mining equipment is recorded as a component of cost of revenues. Additionally, in its regular course 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 the fiscal period ended June 30, 2024, the quarter ended December 31, 2024, and through the date of filing, there have been no intervening lawsuits, claims or judgments filed. Please refer to Note 9. Commitments and Contingencies 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. As of June 30, 2024, and December 31, 2024, there were outstanding warrants that could convert into 8,999,089 and 10,791,970 common stock shares, respectively. At the end of both periods, the potentially dilutive shares were excluded because the effect would have been anti-dilutive. Equipment Equipment is recorded at cost. Expenditures for major additions and betterments are capitalized. Maintenance and repairs are charged to operations as incurred. Depreciation of equipment is computed by the straight-line method over the assets estimated useful life. Upon the sale or retirement of equipment’s, the related cost, and accumulated depreciation are removed from the accounts and any gain or loss is reflected in statements of operations. Equipment consists solely of bitcoin miners used in the operation with estimated useful lives of 1 to 2 years. Equipment value is determined by the historical cost being depreciated over time to the net asset value, which is subject to impairment assessments performed at each reporting period. During the fiscal year ended June 30, 2024, there was a change in the estimated useful life from 7 years to 1. For the six months ended December 31, 2024, the Company had depreciation expense of $0. There was no net book value to report on December 31, 2024, as the mining equipment were fully depreciated in the quarter ended September 30, 2023. Income taxes The Company believes there are no taxes owed from inception to December 31, 2024, as it only incurred losses. Income taxes are determined based upon the liability method of accounting pursuant to ASC 740-10-25 Income Taxes – Recognition. Deferred income tax amounts reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax reporting purposes. As of December 31, 2024, we had a net operating loss carry-forward of $7,753,040 and a deferred tax asset of $ $1,628,138 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 $1,628,138. FASB ASC 740 prescribes a recognition threshold and measurement attributes for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. FASB ASC 740 also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. As of June 30, 2024, the Company had not taken any tax positions that would require disclosure under FASB ASC 740. December 31, 2024 June 30, 2024 Deferred Tax Asset $ 1,628,138 $ 1,471,718 Valuation Allowance (1,628,138 ) (1,471,718 ) Deferred Tax Asset (Net) $ - $ - Due to changes in 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 year ended June 30, 2024, and for the quarter ended December 31, 2024. The Company is in the process of filing its prior year returns. Returns through June 30, 2015 have been filed to date.. The Company has not received any notifications from the IRS. The reported tax benefits and valuation allowances are the Company’s best estimate of its tax positions and have not been reviewed by any taxing authorities. Cash flows reporting The Company follows 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 flows from operating activities by adjusting net income (loss) to reconcile it to net cash flows 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 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. Par value of common stock During the fiscal year ended June 30, 2022, the par value of common stock was previously reported at $.001 and was adjusted to $.0001 resulting in an adjustment from common stock to additional paid in capital, with no change to total equity. Subsequent events The Company follows the guidance in Section 855-10-50 of the FASB Accounting Standards Codification for the disclosure of subsequent events. The Company evaluates subsequent events through the date when the financial statements were issued. Pursuant to ASU 2010-09 of the FASB Accounting Standards Codification, the Company as an SEC filer, considers its financial statements issued when they are widely distributed to users, such as through filing them on EDGAR.

GOING CONCERN

GOING CONCERN	6 Months Ended
	Dec. 31, 2024
GOING CONCERN
GOING CONCERN	NOTE 3 – GOING CONCERN As reflected in the accompanying financial statements, the Company incurred a net loss of $729,242 during the six months ended December 31, 2024, and has accumulated deficit of $7,753,040 and a working capital deficit of $1,351,786 as of December 31, 2024. While the Company is attempting to generate revenues, the Company’s cash position may not be significant enough to support daily operations. Management intends to raise additional funds by a private or public offering and further implement its business plan to generate additional revenues, however, there can be no assurances that it will be successful in doing do 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, generate revenues, and raise capital. The consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

PREPAID CONSULTING

PREPAID CONSULTING	6 Months Ended
	Dec. 31, 2024
PREPAID CONSULTING
PRE-PAID CONSULTING	NOTE 4. PREPAID CONSULTING The Company issued shares to its directors and advisors for future services. The common shares are recorded as issued and outstanding at the time they are granted and issued, and the related share-based compensation expense is incurred as services are performed. Compensation expense not incurred is accounted for as prepaid consulting expense. On June 12, 2022, the Company issued 1,000,000 shares of common stock to advisors and directors for future services. The shares were valued at $0.46 per share for a total value of $456,639, to be vested over a period of three years, for their future services. On January 1, 2023, the Company issued 100,000 shares of the Company’s common stock to John Bennett, the then Chief Financial Officer for future services. The shares were valued at $0.14 per share for a total value of $14,000, to be vested over a period of 18 months. During the fiscal year ended June 30, 2024, the Company expensed $140,857 of this amount, which resulted in a prepaid consulting balance of $152,213 For the six months ended December 31, 2024, the Company expensed $38,053, which resulted in a prepaid consulting balance of $76,107.

OTHER ASSETS

OTHER ASSETS	6 Months Ended
	Dec. 31, 2024
OTHER ASSETS
OTHER ASSETS	NOTE 5. OTHER ASSETS During the period, the Company made certain payments related to the acquisition and maintenance of its Orofino and Clearwater facilities, which are included in other assets. The details of these payments are as follows: · Orofino Facility: A payment of $33,000 was made as part of the purchase price for the Orofino facility. · Clearwater Facility: A payment of $77,069 was made for a deposit related to the Clearwater facility. · Insurance: Approximately $5,400 was paid for insurance coverage related to the facilities. The amount represents coverage to be provided. The Orofino facility is expected to be capitalized as part of the facility's acquisition cost, the Clearwater facility deposit is refundable and will be recognized as a reduction in the purchase price upon completion of the transaction. Payments made for future insurance coverage on the property will be held as a prepaid expense by the Company, once the property is acquired and will be expensed when the coverage is provided by the insurance carrier.

CRYPTOCURRENCIES

CRYPTOCURRENCIES	6 Months Ended
	Dec. 31, 2024
CRYPTOCURRENCIES
CRYPTOCURRENCIES	NOTE 6. CRYPTOCURRENCIES Six Months Ended December 31, 2024 Year Ended June 30, 2024 Beginning balance $ - $ - Increase Value of bitcoin mined on the reward date - 15,824 Realized gain (loss) on sale/exchange of bitcoin - - - 15,824 Decrease Bitcoin used for operational expenses (Cost basis) - 15,824 - 15,824 Ending balance $ - $ -

PROPERTY PLANT EQUIPMENT MINING

PROPERTY PLANT EQUIPMENT MINING MACHINES	6 Months Ended
	Dec. 31, 2024
PROPERTY PLANT EQUIPMENT MINING MACHINES
PROPERTY PLANT & EQUIPMENT MINING MACHINES	NOTE 7. 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 their installation at Simple Mining in Iowa. During the 2024 fiscal year, the Company fully depreciated all mining equipment. Depreciation expense amounted to $14,948 for the fiscal year ended June 30, 2024, and there was no depreciation expense in the six months ended December 31, 2024, as the miners were fully depreciated during the fiscal year ended June 30, 2024. On June 30, 2024, and December 31, 2024, the balances were as follows: Estimated Life in years December 31, 2024 June 30, 2024 Mining equipment 1 $ 533,500 $ 533,500 Less: Accumulated Depreciation 533,500 533,500 Fixed assets, net $ - $ -

ACCOUNTS PAYABLE AND ACCRUED LI

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES	6 Months Ended
	Dec. 31, 2024
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES	NOTE 8. ACCOUNTS PAYABLE AND ACCRUED LIABILITIES December 31, 2024 June 30, 2024 Vendor Payables Marketing and promotional costs $ 4,163 $ 4,163 SEC regulatory cost 15,800 5,000 Professional fees 18,241 3,103 Crypto operation costs 31,594 8,969 Licenses and taxes 900 Accrued Compensation (contractors) 6,350 - Vendor Payables (related parties) Expense Reimbursement -management 2,728 15,214 Compensation-Prior CFO - 18,000 Vendor Accruals Environmental cost - 3,500 Accounts Payable & Accrued Liabilities $ 79,776 $ 57,950 The Company’s trade payables are generally short term, due on demand or with an obligation to pay within less than 365 days. Approximately 41.5% of trade payables are outstanding for more than 90 days.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Dec. 31, 2024
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS	NOTE 9. – RELATED PARTY TRANSACTIONS Office space 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, 2025. On December 31, 2024, $1,500 of rent expense was accrued and is included in accounts payable and accrued expenses. Due to Related Parties Substantially all assets of the Company are pledged as collateral for the following notes payable. As of December 31, 2024, and June 30, 2024, the Company owed $505,000 and $480,000, respectively, to related parties for management advisory fees. As of December 31, 2024, and June 30, 2024, the Company owed compensation payable of $158,954 and $88,430, respectively. As of December 31, 2024, and June 30, 2024, the Company owed board of director fees of $132,000 and $96,000, respectively. On January 30, 2023, entities affiliated with Timothy B. Ruggiero and Peter Chung each cancelled 900,000 and 1,000,000 shares, respectively, for return to the Company’s 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 a further inducement, the Company agreed to issue Horkey 75,000 restricted common stock shares and issued a warrant to purchase 150,000 restricted common stock shares 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, at which time 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 common stock shares and issued a warrant to purchase 157,500 common stock shares 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 December 31, 2024, The principal balance on June 30, 2024 and December 31, 2024 is $78,750 and the accrued interest on June 30, 2024 and December 31, 2024 is $3,931 and $8,044 respectively. 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 a further inducement, the Company agreed to issue Lazarus 75,000 restricted common stock shares and issued a warrant to purchase 150,000 restricted common stock shares 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, at which time 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 common stock shares 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. As of June 30, 2024, the principal balance was $78,750 and the accrued interest was $3,938. The principal and interest owed on June 30, 2024, was $82,688. Lazarus assigned $36,624 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 $0.50 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 common stock shares and a warrant to purchase 82,128 restricted common stock shares at $0.75 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 December 31, 2024, the principal balance is $41,064 and accrued interest is $2,053. On February 9, 2024, the Company issued Sparta Road Ltd (“Sparta Road”) a $50,000 Senior Secured Convertible Promissory Note, with an interest rate of 5% per annum, convertible at $0.25 per share and a maturity date of March 31, 2024. As an incentive, the Company agreed to issue Sparta Road 100,000 restricted common stock shares. The Note was issued as a repayment of advances made by Sparta Road to cover certain Company expenses. No shares were issued or warrants exercised under this agreement. As of December 31, 2024, and June 30,2024, the principal balance is $50,000 and accrued interest is $417. 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 a further inducement, the Company agreed to issue 75,000 restricted common stock shares 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. On June 30, 2024, the principal and interest balance were $75,000 and $1,875, respectively. On October 1, 2024, the note principal owed was $75,000 and accrued interest owed was $3,750, at which time 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 April 1, 2025. Under the new note, the Company agreed to issue 78,750 common stock shares and issued a warrant to purchase 157,500 common stock shares at $0.75 per share, any time prior to October 1, 2027, the warrant’s expiration date. No shares were issued or warrants exercised as of December 31, 2024, and the principal is $78,750 and accrued interest is $1,969 at December 31, 2024. 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 restricted common stock shares 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. On June 30, 2024, the principal and interest balance were $75,000 and $1,875, respectively. On October 1, 2024, the note principal owed was $75,000 and accrued interest owed was $3,750, at which time 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 April 1, 2025. 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 October 1, 2027, the warrant’s expiration date. No shares were issued or warrants exercised as of December 31, 2024, and the principal is $78,750 and accrued interest is $1,969 at December 31, 2024. On July 1, 2024, the Company issued Frank Horkey a $15,000 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 a further inducement, the Company agreed to issue 15,000 restricted common stock shares and issued a warrant to purchase 30,000 shares of restricted common stock at $0.75 per share any time prior to July 1, 2027, the warrant expiration date. No shares were issued or warrants exercised under this agreement. As of December 31, 2024, the principal balance is $15,000 and accrued interest is $750. On October 1, 2024, the Company issued Frank Horkey a $15,000 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 a further inducement, the Company agreed to issue 15,000 restricted common stock shares and issued a warrant to purchase 30,000 restricted common stock shares at $0.75 per share any time prior to October 1, 2027, the warrant expiration date. No shares were issued or warrants exercised under this agreement. As of December 31, 2024, the principal balance is $15,000 and accrued interest is $375. On July 1, 2024, the Company issued Lazarus as compensation for management services a $15,000 Senior Secured Convertible Promissory Note, with an interest rate of 10% per annum, convertible at $0.50 per share. As a further inducement, the Company agreed to issue 15,000 restricted common stock shares and issued a warrant to purchase 30,000 restricted common stock shares at $0.75 per share, any time prior to July 1, 2027, the warrant expiration date. No shares were issued or warrants exercised under this agreement. As of December 31, 2024, the principal balance is $15,000 and accrued interest is $750. On October 1, 2024, the Company issued Lazarus as compensation for management services a $15,000 Senior Secured Convertible Promissory Note, with an interest rate of 10% per annum, convertible at $0.50 per share. As a further inducement the Company agreed to issue 15,000 restricted common stock shares and issued a warrant to purchase 30,000 restricted common stock shares at $0.75 per share, any time prior to October 1, 2027, the warrant expiration date. No shares were issued or warrants exercised under this agreement. As of December 31, 2024, the principal balance is $15,000 and accrued interest is $375. During the month of November 2024, the Company agreed with related party debt holders, Frank Horkey and Lazarus Asset Management, LLC to waive its obligations to issue its restricted common stock incentives to enter into their respective related party debt agreements. It was further agreed that the Company would instead issue prepaid warrants to Horkey and Lazarus at $0.01 with no termination date. The right to receive restricted 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. Additionally, various shareholders advanced funds for operating expenses. These amounts are reported on the balance sheet as “Due to related party -advances” on December 31, 2024, and June 30, 2024, in amount of $0 and $13,602, respectively. The amounts owed are non-interest bearing, unsecured, and are due on demand.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Dec. 31, 2024
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	NOTE 10. 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 business. Management is not aware of any pending, threatened or asserted claims. 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 purpose of consolidating its 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 it will be successful in consolidating operations to include the co-hosting business model. In anticipation of completing the acquisition of the Orofino, Idaho facility, the Company applied for lease financing in September 2024. On September 9, 2024, the Company entered into a non-binding agreement with Veterans Capital Corp. (“Veterans”) to lease ASIC crypto miners, valued at $2,300,000, to be housed at the Orofino, Idaho facility. The agreement requires a non-refundable fee of $10,500, which was paid during the quarter ended September 30, 2024, and an additional $14,500, which would be due upon execution of the lease contract. The agreement also indicates that the $10,500 paid would be applied to the $25,000 lease commitment fee, if the contract is executed. If the parties do not execute the lease contract, no further amounts are owed by the Company. On September 19, 2024, the Company entered into an agreement with Del Cielo LLC for the introduction of potential leasing companies and institutional investment banking firms. The agreement required an initial payment of $12,500 and ongoing monthly payments of $5,500. The Company paid $12,500 during the quarter ended September 30, 2024, and the $5,500 initial monthly payment was made in October 2024. The agreement also provides that subsequent to November 20, 2024, the agreement can be terminated at any time. 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. The Company has now received an electric bill for its first month of approximately $10,000. Though the lease is not yet finalized, under the terms of the lease commitment, the Company agreed to assume these costs. See other commitments and contingencies under “NOTE 8. RELATED PARTY TRANSACTIONS”, “NOTE 10. NOTES PAYABLE” and NOTE 13. SUBSEQUENT EVENTS”.

NOTES PAYABLE

NOTES PAYABLE	6 Months Ended
	Dec. 31, 2024
NOTES PAYABLE
NOTES PAYABLE	NOTE 11. NOTES PAYABLE Substantially all assets of the Company are pledged as collateral for the following 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 $0.50 per share at the lender’s discretion. The Note’s maturity date is June 30, 2023. As a further inducement, the Company issued a warrant to purchase 100,000 restricted common stock shares, exercisable at $0.75 per share any time prior to March 24, 2026, the warrant expiration date. On the maturity date note, Holder opted to convert, for the issuance of 100,000 restricted common stock shares, but the shares were not issued, resulting in the note payable balance at each period end. The note holder agreed to pause the accrual of interest after June 30, 2023. The principal balance owed on December 31, 2024, and June 30, 2024, was $50,000. The note accrued interest on December 31, 2024, and June 30, 2024, was $35, respectively. 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 $0.50 per share at the lender’s discretion. The Note’s maturity date is June 30, 2023. As a further inducement, the Company issued a warrant to purchase 38,750 restricted common stock shares exercisable at $0.75 per share any time prior to May 15, 2026, the warrant expiration date. On the maturity date the note holder opted to convert for the issuance of 100,000 restricted common stock shares, but the shares were not issued, resulting in the note payable balance at each period end. The principal balance owed on December 31, 2024, and June 30, 2024, was $19,375. The note accrue interest on December 31, 2024, and June 30, 2024, were $1,604 and $1,115, respectively. 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 $0.50 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 restricted common stock shares and issued a warrant to purchase 40,000 restricted common stock shares exercisable at $0.75 per share, any time prior to September 25, 2026, the warrant expiration date. On March 31, 2024, the note holder opted to convert for the issuance of 20,000 restricted common stock shares, but the shares were not issued, resulting in the note payable balance at each period end. The principal balance owed on December 31, 2024, and June 30, 2024, was $20,000. The notes accrued interest on December 31, 2024, and June 30, 2024, were $2,515 and $1,507, respectively. The stock subscription payable was $3,200 on December 31, 2024, and June 30, 2024, respectively. 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 $0.50 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 $0.75 per share, any time prior to October 2, 2026, the warrant expiration date. The shares were not issued. The note holder agreed to pause the accrual of interest after the maturity date. The principal balance owed on December 31, 2024, and June 30, 2024, was $25,000. The notes accrued interest on December 31, 2024, and June 30, 2024, were $1,282 and $1,875 respectively. The stock subscription payable was $4,000 on December 31, 2024, and 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 $0.50 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 restricted common stock shares. The shares were not issued. The principal balance owed at December 31, 2024, and June 30, 2024, was $10,000. The notes accrued interest at December 31, 2024, June 30, 2024, were $808 and $304 respectively. The stock subscription payable was $3,200 on December 31, 2024, and June 30, 2024, respectively. . 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 $0.50 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 note holder agreed to pause the accrual of interest after the maturity date. The Company agreed with the note holder that the debt would cease incurring interest after its maturity date. The principal balance owed at December 31, 2024, and June 30, 2024, was $10,000. The note’s accrued interest at December 31, 2024, and June 30, 2024, was $978 and $125, respectively. The stock subscription payable was $4,800 on December 31, 2024, and June 30, 2024, respectively. . On July 1, 2024, the Company issued to a private investor a $5,000 180-day Secured Convertible Promissory Note bearing an interest rate of 10% for, which may be converted at $0.50 per share at the lender’s discretion. The Note’s maturity date is December 31, 2024. As a further inducement to purchase this Note, the Company agreed with Investor to issue 5,000 restricted common stock shares and a warrant to purchase 10,000 common stock shares exercisable at $0.75 at any point prior to June 30, 2027. The shares have not been issued as of the date of this report. The principal balance owed on December 31, 2024, was $5,000. The note’s accrued interest on December 31, 2024, was $248. The stock subscription payable was $1,600 on December 31, 2024. On July 1, 2024, the Company issued to a private investor a $36,624 180-day Secured Convertible Promissory Note bearing an interest rate of 10% per annum, which may be converted at $0.50 per share at the lender’s discretion. The Note’s maturity date is December 31, 2024. As further inducement to purchase this Note, the Company agreed to issue 36,623 restricted common stock shares and a warrant to purchase 73,248 shares of common stock exercisable at $0.75 per share, prior to June 30, 2027. The shares from this transaction have not been issued as of the date of this report. The principal balance owed on December 31, 2024, was $36,624. The note’s accrued interest on December 31, 2024, was $1,819. The stock subscription payable was $5,860 on December 31, 2024. On July 17, 2024, the Company issued to a private investor a $10,000 365-day Secured Convertible Promissory Note bearing an interest rate of 12% for, which may be converted at $0.50 per share at the lender’s discretion. The Note’s maturity date is July 17, 2025. As further inducement to purchase this Note, the Company agreed with the Investor to issue 25,000 common stock shares. The shares from this transaction have not been issued as of the date of this report. The principal balance was $10,000. The note’s accrued interest on December 31, 2024, was $543. The stock subscription payable was $4,000 on December 31, 2024. See due to Note 8 “Related Parties Transactions” for additional senior secured convertible promissory notes issuances.

COMMON STOCK

COMMON STOCK	6 Months Ended
	Dec. 31, 2024
COMMON STOCK
COMMON STOCK	NOTE 12 – COMMON STOCK Frank. Horkey received 350,000 restricted common stock shares for acting as the Company’s President and Director since his previous contract expired on December 31, 2019 and, on July 1, 2022, he received 250,000 restricted common stock shares 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 serving 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, John Bennet received 50,000 restricted common stock shares for extending his consulting contract through fiscal year end 2023. On February 10, 2023, as an 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. On July 1, 2022, 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. On April 20, 2023, 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. On September 25, 2024, a private investor purchased 150,000 restricted common stock shares for $150,000. In addition, the investor received a warrant to purchase 150,000 shares of the Company’s common stock for a period of three years exercisable at $1.50 per share prior to September 25, 2027. The shares from this transaction have not been issued. The obligation to issue shares results in a subscription payable balance of $150,000 on December 31, 2024. On October 5, 2024, a private investor purchased 100,000 restricted common stock shares for $100,000. In addition, the investor received a warrant to purchase 100,000 shares of the Company’s common stock for a period of three years exercisable at $1.50 per share prior to October 5, 2027. The shares from this transaction have not been issued. The obligation to issue shares results in a subscription payable balance of $100,000 on December 31, 2024.. On October 11, 2024, a private investor purchased 100,000 restricted common stock shares for $100,000. In addition, the investor received a warrant to purchase 100,000 shares of the Company’s common stock for a period of three years exercisable at $1.50 per share prior to October 11, 2027. The shares from this transaction have not been issued. The obligation to issue shares results in a subscription payable balance of $100,000 on December 31, 2024. On October 15, 2024, a private investor purchased 50,000 restricted common stock shares for $50,000. In addition, the investor received a warrant to purchase 50,000 shares of the Company’s common stock for a period of three years exercisable at $1.50 per share prior to October 15, 2027. The shares from this transaction have not been issued. The obligation to issue shares results in a subscription payable balance of $50,000 on December 31, 2024.

WARRANTS

WARRANTS	6 Months Ended
	Dec. 31, 2024
WARRANTS
WARRANTS	NOTE 13 – 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, 2021 with certain of the selling stockholders referenced in our most recent registration statement pursuant to which we sold to such selling stockholders $560,875 in aggregate principal amount of our common stock (747,837 shares) and warrants to purchase common stock shares (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 share of the Company’s restricted common stock and one Class C warrant to purchase one share 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 $0.50 per share at any time during the period. As further inducement to purchase this Note, the Company agreed with Investor to issue 25,000 restricted common stock shares and a warrant to purchase 50,000 restricted common stock shares exercisable at $0.75 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 $0.75 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 $0.01 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 common stock shares for a period of three years at an exercise price of $1.50. On May 26, 2022, the Company issued to Frank Horkey a Class C warrant to purchase 250,000 common stock shares for a period of three years at an exercise price of $1.50 as part of his executive compensation during the 2022 fiscal year. This warrant 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 common stock shares 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, Messrs. Horkey and 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. These warrants vest 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 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. These warrants vest 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, 2023, 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 July 1, 2023, Mr. Horkey was 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 July 1, 2024, Squadron Marketing LLC and Sparta Road LTD 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 July 1, 2024, Mr. Horkey was 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 July 1, 2024, Antonio Oliveira’ was issued a Class C warrant to purchase 250,000 restricted common stock shares for his three-year Advisory Board position vesting as follows:; twenty thousand eight hundred thirty-three (20,833) shares vest quarterly the fiscal year ended June 30, 2025; twenty thousand eight hundred thirty-three (20,833) shares vest quarterly for the fiscal year ended June 30, 2026 and twenty thousand eight hundred thirty-three (20,833) shares vest quarterly for the fiscal year ended June 30, 2027. On July 1, 2024, Matthew Cohen was issued warrant to purchase 250,000 restricted common stock shares for his three-year board position vesting as follows: twenty thousand eight hundred thirty-three (20,833) shares vest quarterly the fiscal year ended June 30, 2025; twenty thousand eight hundred thirty-three (20,833) shares vest quarterly for the fiscal year ended June 30, 2026 and twenty thousand eight hundred thirty-three (20,833) shares vest quarterly for the fiscal year ended June 30, 2027. Mr. Cohen resigned effective December 31, 2024, and therefore vested only two quarters of his stock and warrants; the adjustments necessary to record his resignation will be done on January 1, 2025. 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 December 31, 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 -Common Share Equivalents Weighted Average Exercise Price Warrants exercisable Common Share Equivalents Weighted Average Exercise 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 Additions Granted 650,000 1.5 275,000 1.5 Additions Granted 225,381 0.75 225,381 0.75 Cancellations Cancelled -157,500 0.75 -157,500 0.75 Additions Vested - - - - Outstanding September 30, 2024 9,716,970 $ 0.94 9,008,637 $ 0.90 Additions Granted 375,000 0.75 375,000 0.75 Additions Granted 1,000,000 1.5 1,125,000 1.5 Cancellations Cancelled -300,000 0.75 -300,000 0.75 Additions Vested - - - - Outstanding December 31, 2024 10,791,970 $ 0.99 10,208,637 $ 0.97 These warrants were valued using a Black Scholes calculation applying the following factors: a stock price of $0.16, an exercise price of $1.50, a volatility of 160% and a risk-free interest rate of 5%. 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 the Company 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 for $100,000 purchased an additional 133,333 shares of our common stock and warrants to purchase 133,333 shares common stock shares, 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 for $100,000, an additional 133,334 shares of restricted common stock with the terms of these issuances. The Company closed the transactions contemplated by the Securities Purchase Agreement. The Company 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 period ended December 31, 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, the Company 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	6 Months Ended
	Dec. 31, 2024
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	NOTE 14 – 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 event needed to be disclosed. One February 3, 2025, Frank Horkey, the Company’s President/Chief Financial Officer advanced the Company $70,000 subject to a note payable bearing interest at 6% with a maturity of April 3, 2025. On October 5, 2024, a private investor purchased 100,000 restricted common stock shares for $100,000. In addition, the investor received a warrant to purchase 100,000 shares of the Company’s common stock for a period of three years exercisable at $1.50 per share prior to October 5, 2027. The shares from this transaction have not been issued. The obligation to issue shares results in a subscription payable balance of $100,000 on December 31, 2024.. On October 11, 2024, a private investor purchased 100,000 restricted common stock shares for $100,000. In addition, the investor received a warrant to purchase 100,000 shares of the Company’s common stock for a period of three years exercisable at $1.50 per share prior to October 11, 2027. The shares from this transaction have not been issued. The obligation to issue shares results in a subscription payable balance of $100,000 on December 31, 2024. On October 15, 2024, a private investor purchased 50,000 restricted common stock shares for $50,000. In addition, the investor received a warrant to purchase 50,000 shares of the Company’s common stock for a period of three years exercisable at $1.50 per share prior to October 15, 2027. The shares from this transaction have not been issued. The obligation to issue shares results in a subscription payable balance of $50,000 on December 31, 2024.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Dec. 31, 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 quarterly filing in its Form 10-Q 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 Prior Year Audited Financial Statements	On June 30, 2024, our audited financial statements were restated for an omitted accrual in the amount of approximately $15,000 representing the Company’s obligation to settle note payable incentives in the form of stock. These findings pertain to amounts reported as stock subscriptions 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. When there is a potential of non-collections, an allowance is booked as a contra account to accounts receivable with the offset for the entry being bad debt expense. When collections are deemed more likely than not, the accounts receivable amount is directly written off and incurred as a bad debt expense. When an allowance for potential non-collections is subsequently more likely than not non-collectible, the related allowance is reduced, and the accounts receivable balance is directly written off.
Principles of Consolidation	As of December 31, 2024, the accounts include those of the Company and its 100% owned subsidiaries, T-REX Merger Sub, Raptor Mining LLC Megalodon Mining and Electric LLC. All intercompany transactions have been eliminated.
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.
Prepaid Expenses	Prepaid Expenses are primarily governed by ASC 340-10-25 (Other Assets and Deferred Costs- Recognition.) In accordance with this standard, payments made by the Company in cash or other forms of consideration for goods or services not yet received are classified as prepaid expenses. The Company issued shares to directors and consultants as compensation for services to be performed over a defined period. The portion of this share-based compensation allocated to the future services is recorded as “Pre-paid Consulting” on the balance sheet. These transactions are valued using the service amount specified in the service provider’s invoice or contract, or at the Company’s stock price on the grant date, whichever is the better estimate for the value of service.
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 (related parties) – June 30, 2024 $ - $ - $ 357,500 $ 357,500 Notes Payable– June 30, 2024 third parties $ - $ - $ 134,375 $ 134,375 Notes Payable (related parties) – December 31, 2024 $ - $ - $ 387,314 $ 387,314 Note Payable– December 31, 2024- third parties $ - $ - $ 185,998 $ 185,998 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 approximates the fair value of such instruments based upon their present value determined from interest rates for debt obligations on December 31, 2024. Assets and liabilities reported on the balance sheet approximate their fair value.
Derivate 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 $85,374 and $0, on December 31, 2024, and June 30, 2024, respectively, 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 December 31. 2024, or June 30, 2024. 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, 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, 2024, management reassessed that the mining machines’ useful life to 1-year rather than 7 years, consistent with industry research and publications on bitcoin machines at the time of assessment. 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 Company receives its consideration as 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. Additionally, since its early adoption of ASU NO. 2023-08, the Company is permitted to carry digital assets such as bitcoin at their fair value. The Company would recognize an unrealized gain or loss from the change of the fair value at each reporting period. If bitcoin is sold, the Company would recognize a realized gain or loss for the difference in the fair value prior to the sale and consideration exchanged for the bitcoin. There is no significant financing component in these transactions. Expenses associated with running the digital currency mining business, such as rent, and electricity costs are also recorded as cost of revenue. Depreciation on digital currency mining equipment is recorded as a component of the 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. Expenses associated with running the digital currency mining business, such as rent, and electricity cost are also recorded as cost of revenues. Depreciation on digital currency mining equipment is recorded as a component of cost of revenues. Additionally, in its regular course 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 the fiscal period ended June 30, 2024, the quarter ended December 31, 2024, and through the date of filing, there have been no intervening lawsuits, claims or judgments filed. Please refer to Note 9. Commitments and Contingencies
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. As of June 30, 2024, and December 31, 2024, there were outstanding warrants that could convert into 8,999,089 and 10,791,970 common stock shares, respectively. At the end of both periods, the potentially dilutive shares were excluded because the effect would have been anti-dilutive.
Equipment	Equipment is recorded at cost. Expenditures for major additions and betterments are capitalized. Maintenance and repairs are charged to operations as incurred. Depreciation of equipment is computed by the straight-line method over the assets estimated useful life. Upon the sale or retirement of equipment’s, the related cost, and accumulated depreciation are removed from the accounts and any gain or loss is reflected in statements of operations. Equipment consists solely of bitcoin miners used in the operation with estimated useful lives of 1 to 2 years. Equipment value is determined by the historical cost being depreciated over time to the net asset value, which is subject to impairment assessments performed at each reporting period. During the fiscal year ended June 30, 2024, there was a change in the estimated useful life from 7 years to 1. For the six months ended December 31, 2024, the Company had depreciation expense of $0. There was no net book value to report on December 31, 2024, as the mining equipment were fully depreciated in the quarter ended September 30, 2023.
Income taxes	The Company believes there are no taxes owed from inception to December 31, 2024, as it only incurred losses. Income taxes are determined based upon the liability method of accounting pursuant to ASC 740-10-25 Income Taxes – Recognition. Deferred income tax amounts reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax reporting purposes. As of December 31, 2024, we had a net operating loss carry-forward of $7,753,040 and a deferred tax asset of $ $1,628,138 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 $1,628,138. FASB ASC 740 prescribes a recognition threshold and measurement attributes for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. FASB ASC 740 also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. As of June 30, 2024, the Company had not taken any tax positions that would require disclosure under FASB ASC 740. December 31, 2024 June 30, 2024 Deferred Tax Asset $ 1,628,138 $ 1,471,718 Valuation Allowance (1,628,138 ) (1,471,718 ) Deferred Tax Asset (Net) $ - $ - Due to changes in 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 year ended June 30, 2024, and for the quarter ended December 31, 2024. The Company is in the process of filing its prior year returns. Returns through June 30, 2015 have been filed to date.. The Company has not received any notifications from the IRS. The reported tax benefits and valuation allowances are the Company’s best estimate of its tax positions and have not been reviewed by any taxing authorities.
Cash flows reporting	The Company follows 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 flows from operating activities by adjusting net income (loss) to reconcile it to net cash flows 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 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.
Par value of common stock	During the fiscal year ended June 30, 2022, the par value of common stock was previously reported at $.001 and was adjusted to $.0001 resulting in an adjustment from common stock to additional paid in capital, with no change to total equity.
Subsequent events	The Company follows the guidance in Section 855-10-50 of the FASB Accounting Standards Codification for the disclosure of subsequent events. The Company evaluates subsequent events through the date when the financial statements were issued. Pursuant to ASU 2010-09 of the FASB Accounting Standards Codification, the Company as an SEC filer, considers its financial statements issued when they are widely distributed to users, such as through filing them on EDGAR.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Dec. 31, 2024
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Schedule of fair value of financial instruments	Level 1 Level 2 Level 3 Total Note Payable (related parties) – June 30, 2024 $ - $ - $ 357,500 $ 357,500 Notes Payable– June 30, 2024 third parties $ - $ - $ 134,375 $ 134,375 Notes Payable (related parties) – December 31, 2024 $ - $ - $ 387,314 $ 387,314 Note Payable– December 31, 2024- third parties $ - $ - $ 185,998 $ 185,998
Schedule of net deferred tax assets	December 31, 2024 June 30, 2024 Deferred Tax Asset $ 1,628,138 $ 1,471,718 Valuation Allowance (1,628,138 ) (1,471,718 ) Deferred Tax Asset (Net) $ - $ -

CRYPTOCURRENCIES (Tables)

CRYPTOCURRENCIES (Tables)	6 Months Ended
	Dec. 31, 2024
CRYPTOCURRENCIES
Schedule of Cryptocurrencies	Six Months Ended December 31, 2024 Year Ended June 30, 2024 Beginning balance $ - $ - Increase Value of bitcoin mined on the reward date - 15,824 Realized gain (loss) on sale/exchange of bitcoin - - - 15,824 Decrease Bitcoin used for operational expenses (Cost basis) - 15,824 - 15,824 Ending balance $ - $ -

PROPERTY PLANT EQUIPMENT MINI_2

PROPERTY PLANT EQUIPMENT MINING MACHINES (Tables)	6 Months Ended
	Dec. 31, 2024
PROPERTY PLANT EQUIPMENT MINING MACHINES
Schedule of property plant and equipment	Estimated Life in years December 31, 2024 June 30, 2024 Mining equipment 1 $ 533,500 $ 533,500 Less: Accumulated Depreciation 533,500 533,500 Fixed assets, net $ - $ -

ACCOUNTS PAYABLE AND ACCRUED _2

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Tables)	6 Months Ended
	Dec. 31, 2024
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES
Schedule of accounts payable and accrued liabilities	December 31, 2024 June 30, 2024 Vendor Payables Marketing and promotional costs $ 4,163 $ 4,163 SEC regulatory cost 15,800 5,000 Professional fees 18,241 3,103 Crypto operation costs 31,594 8,969 Licenses and taxes 900 Accrued Compensation (contractors) 6,350 - Vendor Payables (related parties) Expense Reimbursement -management 2,728 15,214 Compensation-Prior CFO - 18,000 Vendor Accruals Environmental cost - 3,500 Accounts Payable & Accrued Liabilities $ 79,776 $ 57,950

WARRANTS (Tables)

WARRANTS (Tables)	6 Months Ended
	Dec. 31, 2024
WARRANTS
Schedule of outstanding warrant activity	Warrants -Common Share Equivalents Weighted Average Exercise Price Warrants exercisable Common Share Equivalents Weighted Average Exercise 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 Additions Granted 650,000 1.5 275,000 1.5 Additions Granted 225,381 0.75 225,381 0.75 Cancellations Cancelled -157,500 0.75 -157,500 0.75 Additions Vested - - - - Outstanding September 30, 2024 9,716,970 $ 0.94 9,008,637 $ 0.90 Additions Granted 375,000 0.75 375,000 0.75 Additions Granted 1,000,000 1.5 1,125,000 1.5 Cancellations Cancelled -300,000 0.75 -300,000 0.75 Additions Vested - - - - Outstanding December 31, 2024 10,791,970 $ 0.99 10,208,637 $ 0.97

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($)	Dec. 31, 2024	Jun. 30, 2024
Level 1
Notes payable (related parties)	$ 0	$ 0
Notes payable (unrelated parties)	0	0
Level 2
Notes payable (related parties)	0	0
Notes payable (unrelated parties)	0	0
Level 3
Notes payable (related parties)	387,314	357,500
Notes payable (unrelated parties)	185,998	134,375
Total Level
Notes payable (related parties)	387,314	357,500
Notes payable (unrelated parties)	$ 185,998	$ 134,375

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1) - USD ($)	Dec. 31, 2024	Jun. 30, 2024
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Deferred Tax Asset	$ 1,628,138	$ 1,471,718
Valuation Allowance	(1,628,138)	(1,471,718)
Deferred Tax Asset (Net)	$ 0	$ 0

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	6 Months Ended	12 Months Ended
	Dec. 31, 2024	Jun. 30, 2024
Net operating loss carry forward	$ (7,753,040)
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
Obligation to settle note payable incentives amount		$ 15,000
Owned subsidiary percentage	100%
Deferred Tax Asset	$ 1,628,138	1,471,718
Statutory rate	21%
Valuation Allowance	$ (1,628,138)	$ (1,471,718)
Anti-dilutive Potentially dilutive, shares	10,791,970	8,999,089
Convertible notes	$ 85,374	$ 0
Depreciation expense	$ 0
Mining Machines [Member] | Minimum [Member]
Estimated useful life	1 year
Mining Machines [Member] | Maximum [Member]
Estimated useful life	7 years
Equipment [Member] | Minimum [Member]
Estimated useful life	1 year
Equipment [Member] | Maximum [Member]
Estimated useful life	2 years

GOING CONCERN (Details Narrativ

GOING CONCERN (Details Narrative) - USD ($)	3 Months Ended			6 Months Ended		12 Months Ended
	Dec. 31, 2024	Sep. 30, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
GOING CONCERN
Accumulated deficit	$ (7,753,040)			$ (7,753,040)		$ (7,023,798)
Net losses	(417,427)	$ (311,815)	$ (224,192)	(729,242)	$ (568,058)	$ (1,023,271)	$ (1,839,770)	$ (1,294,198)
Working capital deficit	$ (1,351,786)			$ (1,351,786)

PREPAID CONSULTING (Details Nar

PREPAID CONSULTING (Details Narrative) - USD ($)		6 Months Ended	12 Months Ended
	Jun. 12, 2022	Dec. 31, 2024	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Prepaid consulting - current		$ 76,107	$ 152,213
Issuance costs		$ 38,053	$ 140,857
Share issued for services, value				$ 21,000	$ 604,750
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]
Share issued for services		100,000
Share issued for services, value		$ 14,000
Price per share		$ 0.14
Vested Period		18 years

OTHER ASSETS (Details Narrative

OTHER ASSETS (Details Narrative)	6 Months Ended
	Dec. 31, 2024 USD ($)
OTHER ASSETS
Deposits Paid for Property and Equipment	$ 33,000
Security deposits	77,069
Insurance expense	$ 5,400

CRYPTOCURRENCIES (Details)

CRYPTOCURRENCIES (Details) - USD ($)	6 Months Ended	12 Months Ended
	Dec. 31, 2024	Jun. 30, 2024
CRYPTOCURRENCIES
Beginning balance	$ 0	$ 0
Increase Value of bitcoin mined on the reward date	0	15,824
Realized gain (loss) on sale/exchange of bitcoin	0	0
Total increase Value of bitcoin mined	0	15,824
Decrease Bitcoin used for operational expenses (Cost basis)	0	15,824
Total decrease of Bitcoin used for operational expenses	0	15,824
Ending balance	$ 0	$ 0

PROPERTY PLANT EQUIPMENT MINI_3

PROPERTY PLANT EQUIPMENT MINING MACHINES (Details) - USD ($)	6 Months Ended
	Dec. 31, 2024	Jun. 30, 2024
Less: Accumulated Depreciation	$ 533,500	$ 533,500
Fixed assets, net	0	0
Mining Equipment [Member]
Property equipment gross	$ 533,500	$ 533,500
Eqipment useful lives	1 year

PROPERTY PLANT EQUIPMENT MINI_4

PROPERTY PLANT EQUIPMENT MINING MACHINES (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023	Jun. 30, 2024
PROPERTY PLANT EQUIPMENT MINING MACHINES
Depreciation expenses	$ 0	$ 0	$ 0	$ 14,948	$ 14,948

ACCOUNTS PAYABLE AND ACCRUED _3

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Details) - USD ($)	Dec. 31, 2024	Jun. 30, 2024
Total accounts payable and accrued liabilities	$ 79,776	$ 57,950
Environmental cost [Member]
Vendor Accruals	0	3,500
Compensation [Member]
Vendor payables related parties	0	18,000
Professional fees [Member]
Vendor payables	18,241	3,103
Crypto operation costs [Member]
Vendor payables	31,594	8,969
Licenses and taxes[Member]
Vendor payables	900	0
Contractors [Member]
Vendor payables	6,350	0
SEC regulatory cost [Member]
Vendor payables	15,800	5,000
Reimbursable costs [Member]
Vendor payables related parties	2,728	15,214
Marketing and promotional costs [Member]
Vendor payables	$ 4,163	$ 4,163

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)		1 Months Ended						6 Months Ended	12 Months Ended
	Feb. 09, 2024	Oct. 31, 2024	Jul. 31, 2024	Apr. 30, 2024	Jan. 31, 2024	Jul. 31, 2023	Jan. 30, 2023	Dec. 31, 2024	Jun. 30, 2024	Jun. 30, 2022	Oct. 01, 2024
Due to Related Party								$ 795,954	$ 664,430
Convrtible shares issued during period										$ 118,050
Advances								0	13,602
Frank Horkey [Member]
Convrtible shares issued during period		$ 15,000	$ 15,000	$ 75,000	$ 75,000	$ 75,000
Accrued interest					$ 3,750
Interest rate		10%	10%	10%	10%	10%
Conversion price		$ 0.50	$ 0.50	$ 0.50	$ 0.50	$ 0.50
New senior secured convertible promissory note					$ 78,750
Restricted share received as incentive		15,000	15,000	75,000
Restricted common stock issued during period					78,750	75,000
Issuance of warrants to purchase		30,000	30,000	150,000	157,500	150,000
Exercise price		$ 0.75	$ 0.75	$ 0.75	$ 0.75	$ 0.75
Frank Horkey [Member] | July 1, 2023 [Member]
Accrued interest								8,044	3,931
Promissory note								78,750	78,750
Frank Horkey [Member] | April 1, 2024 [Member]
Accrued interest								1,969	1,875
Promissory note								78,750	75,000
Frank Horkey [Member] | October 1, 2024 [Member]
Convrtible shares issued during period		$ 75,000
Accrued interest								375			$ 3,750
Interest rate		10%
Conversion price		$ 0.50
New senior secured convertible promissory note		$ 78,750
Restricted common stock issued during period		78,750
Issuance of warrants to purchase		157,500
Exercise price		$ 0.75
Promissory note								15,000
Frank Horkey [Member] | July 1, 2024 [Member]
Accrued interest								750
Promissory note								15,000
Compensation payble [Member]
Due to Related Party								158,954	88,430
Advisors And Directors [Member]
Due to Related Party								132,000	96,000
Management fees [Member]
Due to Related Party								505,000	480,000
Lazarus Asset Management, LLC [Member]
Convrtible shares issued during period		$ 15,000	$ 15,000	$ 75,000	$ 75,000	$ 75,000			41,064
Accrued interest					$ 3,750
Long-Term Debt									$ 82,688
Interest rate		10%	10%	10%	10%	10%			10%
Conversion price		$ 0.50	$ 0.50	$ 0.50	$ 0.50	$ 0.50			$ 0.50
New senior secured convertible promissory note					$ 78,750
Restricted share received as incentive		15,000	15,000	75,000
Restricted common stock issued during period					78,750	75,000			41,064
Issuance of warrants to purchase		30,000	30,000	150,000	157,500	150,000			82,128
Exercise price		$ 0.75	$ 0.75	$ 0.75	$ 0.75	$ 0.75			$ 0.75
Lazarus Asset Management, LLC [Member] | Stockholders Two [Member]
Debt instrument, Principal amount									$ 5,000
Lazarus Asset Management, LLC [Member] | Stockholders One [Member]
Debt instrument, Principal amount									36,624
Lazarus Asset Management, LLC [Member] | July 1, 2023 [Member]
Accrued interest								2,053	3,938
Promissory note								41,064	78,750
Lazarus Asset Management, LLC [Member] | April 1, 2024 [Member]
Accrued interest								1,969	1,875
Promissory note								78,750	75,000
Lazarus Asset Management, LLC [Member] | October 1, 2024 [Member]
Convrtible shares issued during period		$ 75,000
Accrued interest								375			$ 3,750
Interest rate		10%
Conversion price		$ 0.50
New senior secured convertible promissory note		$ 78,750
Restricted common stock issued during period		78,750
Issuance of warrants to purchase		157,500
Exercise price		$ 0.75
Promissory note								15,000
Lazarus Asset Management, LLC [Member] | July 1, 2024 [Member]
Accrued interest								750
Promissory note								15,000
Chief Executive Officer [Member]
Monthly cost								250
Rent expense								$ 1,500
Description of lease term								The term of the lease is for 365 days and ends on June 30, 2025
Timothy B. Ruggiero [Member]
Shares cancelled							900,000
Peter Chung [Member]
Shares cancelled							1,000,000
Sparta Road Ltd. C/o Timothy B. Ruggiero [Member]
Convrtible shares issued during period	$ 50,000
Accrued interest								$ 417	417
Interest rate	5%
Conversion price	$ 0.25
Restricted share received as incentive	100,000
Promissory note								$ 50,000	$ 50,000

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)		1 Months Ended			6 Months Ended
	Sep. 09, 2024	Oct. 31, 2024	Oct. 20, 2024	Sep. 19, 2024	Dec. 31, 2024	Jun. 30, 2024
Contingent lease commitment					$ 0	$ 0
Deposits					77,069
Clearwater Power Company [Member]
Deposits			$ 77,000
Utilities expense			$ 10,000
Veterans Capital Corp [Member]
Contingent lease commitment	$ 10,500
Value of lease agreement	$ 2,300,000
Non refundable fee					10,500
Amount due upon execution of lease contract					14,500
Lease commitment fee					25,000
Del Cielo [Member]
Initial payment				$ 12,500	$ 12,500
Monthly payment		$ 5,500		$ 5,500

NOTES PAYABLE (Details Narrativ

NOTES PAYABLE (Details Narrative) - USD ($)				1 Months Ended
	Jul. 02, 2024	Mar. 12, 2024	May 15, 2023	Jul. 17, 2024	May 23, 2024	Sep. 29, 2023	Sep. 25, 2023	Mar. 24, 2023	Dec. 31, 2024	Jun. 30, 2024
Accrued interest									$ 16,702	$ 12,043
Promissory Note [Member] | May 15, 2023 [Member] | Private investor [Member]
Convertible promissory note			$ 19,375
Accrued interest									1,604	1,115
Interest rate			5%
Conversion price			$ 0.50
Exercise price			$ 0.75
Maturity date			Jun. 30, 2023
Debt instrument, Principal amount									19,375	19,375
Warrants issued to purchase shares			38,750
Shares converted into shares of restricted common stock			100,000
Promissory Note [Member] | March 24, 2023 [Member] | Private investor [Member]
Convertible promissory note								$ 50,000
Accrued interest									35	35
Interest rate								5%
Conversion price								$ 0.50
Exercise price								$ 0.75
Maturity date								Jun. 30, 2023
Debt instrument, Principal amount									50,000	50,000
Warrants issued to purchase shares								100,000
Shares converted into shares of restricted common stock								100,000
Promissory Note [Member] | Senior Secured [Member] | September 29, 2023 [Member] | Private investor [Member]
Convertible promissory note						$ 25,000
Accrued interest									1,282	1,875
Interest rate						10%
Conversion price						$ 0.50
Exercise price						$ 0.75
Maturity date						Sep. 29, 2024
Stock subscription payable									4,000	4,000
Additional restricted shares issued						25,000
Debt instrument, Principal amount									25,000	25,000
Warrants issued to purchase shares						50,000
Promissory Note [Member] | Senior Secured [Member] | March 12, 2024 [Member] | Private investor [Member]
Convertible promissory note		$ 10,000
Accrued interest									808	304
Interest rate		10%
Conversion price		$ 0.50
Maturity date		Aug. 21, 2024
Stock subscription payable									3,200	3,200
Additional restricted shares issued		20,000
Debt instrument, Principal amount									10,000	10,000
Promissory Note [Member] | Senior Secured [Member] | May 23, 2024 [Member] | Private investor [Member]
Convertible promissory note					$ 10,000
Accrued interest									978	125
Interest rate					10%
Conversion price					$ 0.50
Maturity date					Aug. 21, 2024
Stock subscription payable									4,800	4,800
Additional restricted shares issued					30,000
Debt instrument, Principal amount									10,000	10,000
Promissory Note [Member] | Senior Secured [Member] | July 1, 2024 [Member] | Private investor [Member]
Convertible promissory note	$ 5,000
Accrued interest									248
Interest rate	10%
Conversion price	$ 0.50
Exercise price	$ 0.75
Maturity date	Dec. 31, 2024
Debt instrument, Principal amount									5,000
Stock subscription payable									1,600
Additional restricted shares issued	5,000
Promissory Note [Member] | Senior Secured [Member] | July 17, 2024 [Member] | Private investor [Member]
Convertible promissory note				$ 10,000
Accrued interest									543
Interest rate				12%
Conversion price				$ 0.50
Maturity date				Jul. 17, 2025
Stock subscription payable									4,000
Additional restricted shares issued				25,000
Debt instrument, Principal amount									10,000
Promissory Note [Member] | Senior Secured [Member] | September 25, 2023 [Member] | Private investor [Member]
Convertible promissory note							$ 20,000
Accrued interest									2,515	1,507
Interest rate							10%
Conversion price							$ 0.50
Exercise price							$ 0.75
Maturity date							Mar. 23, 2024
Stock subscription payable									3,200	3,200
Additional restricted shares issued							20,000
Debt instrument, Principal amount									20,000	$ 20,000
Warrants issued to purchase shares							40,000
Shares converted into shares of restricted common stock							20,000
Promissory Note One [Member] | Senior Secured [Member] | July 1, 2024 [Member] | Private investor [Member]
Convertible promissory note	$ 36,624
Accrued interest									1,819
Interest rate	10%
Conversion price	$ 0.50
Exercise price	$ 0.75
Maturity date	Dec. 31, 2024
Stock subscription payable									5,860
Additional restricted shares issued	36,623
Debt instrument, Principal amount									$ 36,624

COMMON STOCK (Details Narrative

COMMON STOCK (Details Narrative) - USD ($)				1 Months Ended	6 Months Ended
	Oct. 15, 2024	Oct. 11, 2024	Oct. 05, 2024	Sep. 25, 2024	Dec. 31, 2024	Jun. 30, 2024
Stock subscription payable					$ 439,993	$ 15,200
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
John Bennet [Member]
Shares received					50,000
Additional restricted common stock					100,000
Vested share per quarter					16,666
Private investor [Member]
Shares issued for services, shares	50,000	100,000	100,000	150,000
Shares issued for services, amount	$ 50,000	$ 100,000	$ 100,000	$ 150,000
Warrant to purchase	50,000	100,000	100,000	150,000
Warrants, Exercise Price	$ 1.50	$ 1.50	$ 1.50	$ 1.50
Warrants, Expiration Date	October 15, 2027	October 11, 2027	October 5, 2027	September 25, 2027
Private investor [Member] | September 25, 2024 [Member]
Stock subscription payable					$ 150,000
Private investor [Member] | October 5, 2024 [Member]
Stock subscription payable					100,000
Stock subscription payable					100,000
Private investor [Member] | October 11, 2024 [Member]
Stock subscription payable					100,000
Stock subscription payable					100,000
Private investor [Member] | October 15, 2024 [Member]
Stock subscription payable					50,000
Stock subscription payable					$ 50,000
Shawn Perez [Member]
Shares issued for services					50,000
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

WARRANTS (Details)

WARRANTS (Details) - USD ($)	3 Months Ended		12 Months Ended
	Dec. 31, 2024	Sep. 30, 2024	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Warrant [Member]
Warrants, outstanding, beginning balance	9,716,970	8,999,089	4,224,089	3,685,333	187,500
Warrants exercisable - common share equivalents, Additions, Granted	375,000	650,000	770,000	400,002	3,497,833
Warrants exercisable - common share equivalents, Additions, Granted 1	$ 1,000,000	$ 225,381	$ 1,005,000	$ 138,750
Warrants exercisable - common share equivalents, Additions, Cancelled	$ (300,000)	$ (157,500)
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
Warrants, outstanding, ending balance	10,791,970	9,716,970	8,999,089	4,224,089	3,685,333
Weighted average exercise price per share beginning balance	$ 0.94	$ 0.91	$ 1.47	$ 1.47	$ 0.75
Weighted average exercise price per share granted	0.75	1.5	1.5	1.5	1.5
Weighted average exercise price per share vested		0	0
Weighted average exercise price per share granted 1	1.5	0.75	0.75	0.75
Weighted average exercise price per share Addition Cancelled	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	$ 0.99	$ 0.94	$ 0.91	$ 1.47	$ 1.47
Warrants exercisable - Common Share Equivalents [Member]
Warrants, outstanding, beginning balance	9,008,637	8,665,756	3,557,422	1,435,333	187,500
Warrants exercisable - common share equivalents, Additions, Granted	375,000	275,000	770,000	1,983,335	1,247,833
Warrants exercisable - common share equivalents, Vested			333,334
Warrants exercisable - common share equivalents, Additions, Granted 1	$ 1,125,000	$ 225,381	$ 1,005,000	$ 138,750
Warrants exercisable - common share equivalents, Additions, Cancelled	$ (300,000)	$ (157,500)
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, Exercised			0
Warrants, outstanding, ending balance	10,208,637	9,008,637	8,665,756	3,557,422	1,435,333
Weighted average exercise price per share beginning balance	$ 0.90	$ 0.88	$ 1.47	$ 1.47	$ 0.75
Weighted average exercise price per share granted	0.75	1.5	1.5	1.5	1.5
Weighted average exercise price per share vested			1.5
Weighted average exercise price per share Addition Cancelled	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	0.97	0.90	0.88	1.47	$ 1.47
Weighted average exercise price per share granted 1	$ 1.5	$ 0.75	$ 0.75	$ 0.75

WARRANTS (Details Narrative)

WARRANTS (Details Narrative) - USD ($)										1 Months Ended			6 Months Ended
	Jul. 02, 2024	Jul. 02, 2024	Dec. 06, 2023	Oct. 02, 2023	Jul. 02, 2023	Aug. 08, 2022	Jun. 12, 2022	May 05, 2022	Jul. 02, 2021	Jan. 30, 2023	Jul. 22, 2022	May 26, 2022	Dec. 31, 2024	Feb. 08, 2024	Aug. 01, 2022
Warrant exercise price													$ 0.16	$ 0.01
Warrants issued								747,837
Volatility range													160%
Risk-free interest													5%
Pre-Funded Common Stock Purchase Warrant to purchase														1,900,000
Securities Purchase Arrangement [Member]
Warrant exercise price						$ 1.50		$ 1.50			$ 1.50				$ 1.50
Sale of common stock, value						$ 100,000				$ 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
Antonio Oliveira [Member]
Descriptions of Common stock vesting share	twenty thousand eight hundred thirty-three (20,833) shares vest quarterly for the fiscal year ended June 30, 2026 and twenty thousand eight hundred thirty-three (20,833) shares vest quarterly for the fiscal year ended June 30, 2027
Warrants Purchase		250,000
Matthew Cohen [Member]
Descriptions of Common stock vesting share	twenty thousand eight hundred thirty-three (20,833) shares vest quarterly for the fiscal year ended June 30, 2026 and twenty thousand eight hundred thirty-three (20,833) shares vest quarterly for the fiscal year ended June 30, 2027
Warrants Purchase		250,000
Warrants Series C [Member] | Messrs. Horkey and Christiansen [Member]
Exercise price							$ 1.50
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
Warrants Purchase							250,000
Warrants Series C [Member] | Squadron Marketing LLC and Sparta Road LTD [Member]
Exercise price	$ 1.50
Warrants Purchase	250,000
Warrants Series C [Member] | Mr. Horkey [Member]
Exercise price	$ 1.50				$ 1.50
Warrants Purchase	250,000				250,000
Warrants Series C [Member] | Squadron Marketing LLC and Lazarus Asset Management LLC [Member]
Exercise price					$ 1.50		$ 1.50		$ 1.50			$ 1.50
Warrants Purchase					250,000		250,000		250,000			500,000
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
	Feb. 03, 2025	Oct. 15, 2024	Oct. 11, 2024	Oct. 05, 2024	Oct. 31, 2024	Sep. 25, 2024	Jul. 31, 2024	Apr. 30, 2024	Jan. 31, 2024	Jul. 31, 2023	Dec. 31, 2024	Jun. 30, 2024
Stock subscription payable											$ 439,993	$ 15,200
Advances											0	$ 13,602
Frank Horkey [Member]
Interest rate					10%		10%	10%	10%	10%
Private investor [Member]
Shares issued for services, shares		50,000	100,000	100,000		150,000
Shares issued for services, amount		$ 50,000	$ 100,000	$ 100,000		$ 150,000
Warrant to purchase		50,000	100,000	100,000		150,000
Warrants, Exercise Price		$ 1.50	$ 1.50	$ 1.50		$ 1.50
Warrants, Expiration Date		October 15, 2027	October 11, 2027	October 5, 2027		September 25, 2027
Chief Financial Officer [Member] | Subsequent Event [Member] | Frank Horkey [Member]
Interest rate	6%
Advances	$ 70,000
October 5, 2024 [Member] | Private investor [Member]
Stock subscription payable											100,000
October 11, 2024 [Member] | Private investor [Member]
Stock subscription payable											100,000
October 15, 2024 [Member] | Private investor [Member]
Stock subscription payable											$ 50,000