Integrated Ventures (INTV) 10-Q 15 May 24 2024 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Mar. 31, 2024	May 14, 2024
Cover [Abstract]
Entity Registrant Name	INTEGRATED VENTURES, INC.
Entity Central Index Key	0001520118
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	Mar. 31, 2024
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2024
Entity Common Stock Shares Outstanding		5,064,492
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes
Entity File Number	000-55681
Entity Tax Identification Number	82-1725385
Entity Incorporation State Country Code	NV
Entity Address Address Line 1	18385 Route 287
Entity Address City Or Town	Tioga
Entity Address State Or Province	PA
Entity Address Postal Zip Code	16946
City Area Code	215
Local Phone Number	613-9898
Security 12b Title	Common Stock, $0.001 par value
Trading Symbol	INTV

CONDENSED BALANCE SHEETS

CONDENSED BALANCE SHEETS - USD ($)	Mar. 31, 2024	Jun. 30, 2023
Current assets:
Cash	$ 381,872	$ 257,998
Digital assets	1,625,424	447,425
Prepaid expenses and other current assets	8,400	7,165
Total current assets	2,015,696	712,588
Non-current assets:
Property and equipment, net of accumulated depreciation and amortization of $5,591,467 and $3,608,202 as of March 31, 2024 and June 30, 2023, respectively	3,354,016	5,299,834
Deposits	578,147	578,147
Total non-current assets	3,932,163	5,877,981
Total assets	5,947,859	6,590,569
Current liabilities:
Accounts payable	579,453	293,711
Accrued preferred stock dividends	2,133,081	1,645,210
Accrued expenses	89,993	121,243
Due to related party	3,584	415,288
Notes payable in default, net of debt discount	500,000	500,000
Total current liabilities	3,306,111	2,975,452
Mezzanine:
Commitments and contingencies	0	0
Stockholders' equity:
Common stock, $0.001 par value; (300,000,000 shares authorized; 5,064,492 and 2,864,492 shares issued and outstanding as of March 31, 2024 and June 30, 2023, respectively)	5,065	2,864
Additional paid in capital	81,195,589	72,588,520
Accumulated deficit	(82,684,536)	(73,101,867)
Total stockholders' deficit	(1,483,252)	(509,883)
Total liabilities, mezzanine and stockholders' equity	5,947,859	6,590,569
Series C Preferred Stock [Member]
Mezzanine:
Preferred stock, value	1,125,000	1,125,000
Series D Preferred Stock [Member]
Mezzanine:
Preferred stock, value	3,000,000	3,000,000
Series A Preferred Stock [Member]
Mezzanine:
Preferred stock, value	500	500
Series B Preferred Stock [Member]
Mezzanine:
Preferred stock, value	$ 130	$ 100

CONDENSED BALANCE SHEETS (Paren

CONDENSED BALANCE SHEETS (Parenthetical) - USD ($)	Mar. 31, 2024	Jun. 30, 2023
Accumulated depreciation and amortization	$ 5,591,467	$ 3,608,202
Stockholders' deficit
Common stock, shares par value	$ 0.001	$ 0.001
Common stock, shares authorized	300,000,000	300,000,000
Common stock, shares issued	5,064,492	2,864,492
Common stock, shares outstanding	5,064,492	2,864,492
Series C Preferred Stock [Member]
Stockholders' deficit
Preferred stock, shares par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	3,000	3,000
Preferred stock, shares issued	1,125	1,125
Preferred stock, shares outstanding	1,125	1,125
Series D Preferred Stock [Member]
Stockholders' deficit
Preferred stock, shares par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	4,000	4,000
Preferred stock, shares issued	3,000	3,000
Preferred stock, shares outstanding	3,000	3,000
Series A Preferred Stock [Member]
Stockholders' deficit
Preferred stock, shares par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	500,000	500,000
Preferred stock, shares outstanding	500,000	500,000
Series B Preferred Stock [Member]
Stockholders' deficit
Preferred stock, shares par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	130,000	100,000
Preferred stock, shares outstanding	130,000	100,000

CONDENSED STATEMENTS OF OPERATI

CONDENSED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Revenue:
Bitcoin mining	$ 1,983,250	$ 1,472,813	$ 4,770,422	$ 2,398,470
Total revenue	1,983,250	1,472,813	4,770,422	2,398,470
Cost of revenues - energy, hosting, and other	1,197,523	976,958	3,209,083	1,602,434
Operating expenses:
General and administrative	240,002	337,475	8,919,954	1,032,999
Depreciation and amortization	692,654	1,469,195	2,171,938	2,291,301
Change in fair value of digital assets	(452,808)	0	(568,224)	0
Realized (gain) loss on sale of digital assets	(14,572)	(55,400)	(11,923)	12,514
Loss on disposition of property and equipment	0	463,919	121,670	510,634
Total operating costs and expenses	1,662,799	3,192,147	13,842,498	5,449,882
Income (loss) from operations	320,451	(1,719,334)	(9,072,076)	(3,051,412)
Other income (expense):
Interest expense	(23,168)	(36,281)	(70,082)	(254,182)
Loss on exercise of warrant	0	(11,000)	0	(11,000)
Total other income (expense)	(23,168)	(47,281)	(70,082)	(265,182)
Income (loss) before income taxes	297,283	(1,766,615)	(9,142,158)	(3,316,594)
Provision for income taxes	0	0	0	0
Net income (loss)	297,283	(1,766,615)	(9,142,158)	(3,316,594)
Dividends on Preferred Stock	(72,277)	(203,281)	(487,871)	(988,823)
Deemed dividend	0	(93,337)	0	(255,374)
Net income (loss) attributable to shareholders	$ 225,006	$ (2,063,233)	$ (9,630,029)	$ (4,560,791)
Net income (loss) per common share attributable to shareholders, basic	$ 0.04	$ (1.03)	$ (2.29)	$ (2.23)
Net income (loss) per common share attributable to shareholders, diluted	$ 0.01	$ (1.03)	$ (2.29)	$ (2.23)
Weighted average number of common shares outstanding, basic	5,064,492	2,000,600	4,197,543	2,043,596
Weighted average number of common shares outstanding, diluted	18,298,080	2,000,600	4,197,543	2,043,596

CONDENSED STATEMENTS OF STOCKHO

CONDENSED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($)	Total	Series C, Preferred Stock	Series D, Preferred Stock	Series A, Preferred Stock	Series B, Preferred Stock	Common Stock	Additional Paid-In Capital	Accumulated Deficit
Balance, shares at Jun. 30, 2022		1,125	3,000	500,000	902,633	1,657,973
Balance, amount at Jun. 30, 2022	$ 10,592,307	$ 1,125,000	$ 3,000,000	$ 500	$ 903	$ 1,658	$ 56,781,410	$ (46,192,164)
Issuance of common stock for conversion of Series B preferred stock, shares					(190,000)	152,000
Issuance of common stock for conversion of Series B preferred stock, amount	0	0	0	0	$ (190)	$ 152	38	0
Issuance of Series B preferred stock for related party compensation, shares					50,000
Issuance of Series B preferred stock for related party compensation, amount	207,500	0	0	0	$ 50	$ 0	207,450	0
Issuance of common shares for cashless exercise of warrants, shares						164,061
Issuance of common shares for cashless exercise of warrants, amount	0	0	0	0	0	$ 164	(164)	0
Deemed dividend for warrant modification	0	0	0	0	0	0	162,037	(162,037)
Preferred stock dividends	(153,255)	0	0	0	0	0	0	(153,255)
Net loss	(786,382)	$ 0	$ 0	$ 0	$ 0	$ 0	0	(786,382)
Balance, shares at Sep. 30, 2022		1,125	3,000	500,000	762,633	1,974,034
Balance, amount at Sep. 30, 2022	9,860,170	$ 1,125,000	$ 3,000,000	$ 500	$ 763	$ 1,974	57,150,771	(47,293,838)
Balance, shares at Jun. 30, 2022		1,125	3,000	500,000	902,633	1,657,973
Balance, amount at Jun. 30, 2022	10,592,307	$ 1,125,000	$ 3,000,000	$ 500	$ 903	$ 1,658	56,781,410	(46,192,164)
Deemed dividend for warrant modification	255,374
Net loss	(3,316,594)
Balance, shares at Mar. 31, 2023		1,125	3,000	500,000	150,003	2,780,607
Balance, amount at Mar. 31, 2023	7,089,029	$ 1,125,000	$ 3,000,000	$ 500	$ 150	$ 2,780	57,838,554	(50,752,955)
Balance, shares at Sep. 30, 2022		1,125	3,000	500,000	762,633	1,974,034
Balance, amount at Sep. 30, 2022	9,860,170	$ 1,125,000	$ 3,000,000	$ 500	$ 763	$ 1,974	57,150,771	(47,293,838)
Issuance of Series B preferred stock for related party compensation, shares					50,000
Issuance of Series B preferred stock for related party compensation, amount	145,000	0	0	0	$ 50	$ 0	144,950	0
Issuance of common shares for cashless exercise of warrants, shares						31,334
Issuance of common shares for cashless exercise of warrants, amount	0	0	0	0	0	$ 31	(31)	0
Preferred stock dividends	(632,287)	0	0	0	0	0	0	(632,287)
Net loss	(763,597)	$ 0	$ 0	$ 0	$ 0	$ 0	0	(763,597)
Balance, shares at Dec. 31, 2022		1,125	3,000	500,000	812,633	2,005,368
Balance, amount at Dec. 31, 2022	8,609,286	$ 1,125,000	$ 3,000,000	$ 500	$ 813	$ 2,005	57,295,690	(48,689,722)
Issuance of common stock for conversion of Series B preferred stock, shares					(712,630)	570,104
Issuance of common stock for conversion of Series B preferred stock, amount	0	0	0	0	$ (713)	$ 570	143	0
Issuance of common shares for cashless exercise of warrants, shares						38,820
Issuance of common shares for cashless exercise of warrants, amount	0	0	0	0	0	$ 39	(39)	0
Deemed dividend for warrant modification	0	0	0	0	0	0	93,337	(93,337)
Preferred stock dividends	(203,281)	0	0	0	0	0	0	(203,281)
Net loss	(1,766,615)	0	0	0	0	$ 0	0	(1,766,615)
Issuance of common share for exercise of warrants, shares						88,000
Issuance of common share for exercise of warrants, amount	11,000	0	0	0	$ 0	$ 88	10,912	0
Issuance of Series B Series B preferred stock for related party compensation, shares					50,000
Issuance of Series B Series B preferred stock for related party compensation, amount	145,000	0	0	0	$ 50	$ 0	144,950	0
Issuance of common shares for settlement of accrued dividends, shares						78,304
Issuance of common shares for settlement of accrued dividends, amount	293,639	0	0	0	0	$ 78	293,561	0
Rounding shares due to reverse split, shares						11
Rounding shares due to reverse split, amount	0	$ 0	$ 0	$ 0	$ 0	$ 0	0	0
Balance, shares at Mar. 31, 2023		1,125	3,000	500,000	150,003	2,780,607
Balance, amount at Mar. 31, 2023	7,089,029	$ 1,125,000	$ 3,000,000	$ 500	$ 150	$ 2,780	57,838,554	(50,752,955)
Balance, shares at Jun. 30, 2023		1,125	3,000	500,000	100,000	2,864,492
Balance, amount at Jun. 30, 2023	(509,883)	$ 1,125,000	$ 3,000,000	$ 500	$ 100	$ 2,864	72,588,520	(73,101,867)
Issuance of common stock for conversion of Series B preferred stock, shares					(11,355)	1,135,500
Issuance of common stock for conversion of Series B preferred stock, amount	0	0	0	0	$ (11)	$ 1,136	(1,125)	0
Issuance of Series B preferred stock for related party compensation, shares					50,000
Issuance of Series B preferred stock for related party compensation, amount	8,300,000	0	0	0	$ 50	0	8,299,950	0
Preferred stock dividends	(207,797)	0	0	0	0	0	0	(207,797)
Net loss	(9,079,877)	$ 0	$ 0	$ 0	$ 0	$ 0	0	(9,079,877)
Cumulative effect upon adoption of ASU 2023-08	47,360							47,360
Balance, shares at Sep. 30, 2023		1,125	3,000	500,000	138,645	3,999,992
Balance, amount at Sep. 30, 2023	(1,450,197)	$ 1,125,000	$ 3,000,000	$ 500	$ 139	$ 4,000	80,887,345	(82,342,181)
Balance, shares at Jun. 30, 2023		1,125	3,000	500,000	100,000	2,864,492
Balance, amount at Jun. 30, 2023	(509,883)	$ 1,125,000	$ 3,000,000	$ 500	$ 100	$ 2,864	72,588,520	(73,101,867)
Balance, shares at Dec. 31, 2023		1,125	3,000	500,000	130,000	5,064,492
Balance, amount at Dec. 31, 2023	(1,708,258)	$ 1,125,000	$ 3,000,000	$ 500	$ 130	$ 5,065	81,195,589	(82,909,542)
Balance, shares at Jun. 30, 2023		1,125	3,000	500,000	100,000	2,864,492
Balance, amount at Jun. 30, 2023	(509,883)	$ 1,125,000	$ 3,000,000	$ 500	$ 100	$ 2,864	72,588,520	(73,101,867)
Deemed dividend for warrant modification	0
Net loss	(9,142,158)
Cumulative effect upon adoption of ASU 2023-08	47,360
Balance, shares at Mar. 31, 2024		1,125	3,000	500,000	130,000	5,064,492
Balance, amount at Mar. 31, 2024	(1,483,252)	$ 1,125,000	$ 3,000,000	$ 500	$ 130	$ 5,065	81,195,589	(82,684,536)
Balance, shares at Sep. 30, 2023		1,125	3,000	500,000	138,645	3,999,992
Balance, amount at Sep. 30, 2023	(1,450,197)	$ 1,125,000	$ 3,000,000	$ 500	$ 139	$ 4,000	80,887,345	(82,342,181)
Issuance of common stock for conversion of Series B preferred stock, shares					(8,645)	864,500
Issuance of common stock for conversion of Series B preferred stock, amount	0	0	0	0	$ (9)	$ 865	(856)	0
Preferred stock dividends	(207,797)	0	0	0	0	0	0	(207,797)
Net loss	(359,564)	0	0	0	0	$ 0	0	(359,564)
Issuance of common shares for purchase of bitcoin miners, shares						200,000
Issuance of common shares for purchase of bitcoin miners, amount	309,300	$ 0	$ 0	$ 0	$ 0	$ 200	309,100	0
Balance, shares at Dec. 31, 2023		1,125	3,000	500,000	130,000	5,064,492
Balance, amount at Dec. 31, 2023	(1,708,258)	$ 1,125,000	$ 3,000,000	$ 500	$ 130	$ 5,065	81,195,589	(82,909,542)
Preferred stock dividends	(72,277)	0	0	0	0	$ 0	0	(72,277)
Net loss	297,283	$ 0	$ 0	$ 0	$ 0			297,283
Balance, shares at Mar. 31, 2024		1,125	3,000	500,000	130,000	5,064,492
Balance, amount at Mar. 31, 2024	$ (1,483,252)	$ 1,125,000	$ 3,000,000	$ 500	$ 130	$ 5,065	$ 81,195,589	$ (82,684,536)

CONDENSED STATEMENTS OF CASH FL

CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ (9,142,158)	$ (3,316,594)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	2,171,938	2,291,301
Stock-based compensation - related party	8,300,000	497,500
Loss on exercise of warrants	0	11,000
Loss on disposition of property and equipment	121,670	510,634
Amortization of debt discount	0	114,564
Realized loss (gain) on sale of digital assets	0	12,514
Change in fair value of digital assets	(568,224)	0
Revenue recognized from Bitcoin mined	(4,770,422)	(2,398,464)
Operating expenses paid with digital assets	57,722	0
Changes in operating assets and liabilities:
Prepaid expenses and other current assets	(1,235)	(8,880)
Deposits	0	(500,000)
Accounts payable	285,742	120,727
Accrued expenses	68,750	139,381
Due to related party	276,968	292,023
Net cash provided by (used in) operating activities	(3,199,249)	(2,234,294)
CASH FLOWS FROM INVESTING ACTIVITIES:
Equipment deposits	0	(32,514)
Proceeds from the sale of digital assets	3,850,947	2,428,290
Purchase of digital assets	(332,934)	(302,951)
Purchase of property and equipment	(1,740)	0
Net cash provided by (used in) investing activities	3,516,273	2,092,825
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of related party advance	(118,150)	0
Repayment of accrued interest on note payable	(75,000)	(50,000)
Net cash provided by (used in) financing activities	(193,150)	(50,000)
Net increase (decrease) in cash	123,874	(191,469)
Cash, cash equivalents, and restricted cash - beginning of period	257,998	490,280
Cash, cash equivalents, and restricted cash - end of period	381,872	298,811
Cash paid during the period for:
Interest	76,332	50,237
Income taxes	0	0
Non-cash investing and financing activities:
Equipment deposits transferred to property and equipment	0	2,387,681
Common stock issued for purchase of bitcoin miners	309,300	0
Cumulative effect upon adoption of ASU 2023-08	47,360
Accrued preferred stock dividends	487,871	988,823
Conversion of Series B preferred stock for common stock	2,001	903
Payment of amounts due to related party with digital assets	570,522	0
Purchase of property and equipment with digital assets	36,750	0
Interest on notes payable paid with digital assets	25,000	0
Common stock issued for accrued dividends	0	293,639
Common stock issued with warrants	0	234
Deemed dividend for warrant modification	$ 0	$ 255,374

ORGANIZATION BASIS OF PRESENTAT

ORGANIZATION BASIS OF PRESENTATION	9 Months Ended
	Mar. 31, 2024
ORGANIZATION BASIS OF PRESENTATION
ORGANIZATION BASIS OF PRESENTATION	1. ORGANIZATION BASIS OF PRESENTATION Organization Integrated Ventures, Inc. (the “Company,” “we” or “our”) was incorporated in the State of Nevada on March 22, 2011, under the name of Lightcollar, Inc. On March 20, 2015, the Company amended its articles of incorporation and changed its name from Lightcollar, Inc. to EMS Find, Inc. On May 30, 2017, Integrated Ventures, Inc. (“Integrated Ventures”), a Nevada corporation, was formed as a wholly owned subsidiary of the Company. Pursuant to an Agreement and Plan of Merger dated May 30, 2017, Integrated Ventures was merged into the Company, with the Company being the surviving corporation and changing its name to Integrated Ventures, Inc. The Company has discontinued its prior operations and changed its business focus from its prior technologies relating to the EMS Find platform to acquiring, launching, and operating companies in the digital asset sector, mainly in digital asset mining, equipment manufacturing, and sales of branded mining rigs, as well as blockchain software development. The Company is developing and acquiring a diverse portfolio of digital assets and block chain technologies. Digital assets are a medium of exchange that uses decentralized control (a block chain) as opposed to a central bank to track and validate transactions. The Company is currently mining Bitcoin, whereby the Company earns revenue by solving “blocks” to be added to the block chain. The Company also purchases certain digital assets for short-term investment purposes. On April 17, 2023, the Board of Directors of the Company approved a 1-for-125 reverse split of the Company’s common shares. The reverse split has been given retroactive effect in the financial statements for all periods presented. Basis of Presentation The accompanying unaudited financial statements of the Company have been prepared in accordance with U.S. generally accepted accounting principles (“US GAAP”) for interim financial information and the instructions to Form 10-Q and Article 8 of Regulation S-X. The results of operations for the interim period ended March 31, 2024 shown in this report are not necessarily indicative of results to be expected for the full fiscal year ending June 30, 2024. In the opinion of the Company's management, the information contained herein reflects all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation of the Company's results of operations, financial position and cash flows. The unaudited interim financial statements should be read in conjunction with the audited financial statements in the Company's Amended Annual Report on Form 10-K/A for the year ended June 30, 2023 filed on May 10, 2024 and Management's Discussion and Analysis of Financial Condition and Results of Operations.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Mar. 31, 2024
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The significant accounting policies of the Company are disclosed in Notes to Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended June 30, 2023 filed on September 28, 2023. The following summary of significant accounting policies of the Company is presented to assist in understanding the Company’s interim financial statements. These accounting policies conform to accounting principles generally accepted in the United States of America and have been consistently applied in the preparation of the financial statements. 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 revenue and expenses during the reporting period. Because of the use of estimates inherent in the financial reporting process, actual results could differ significantly from those estimates. Cash and Cash Equivalents The Company maintains cash balances in non-interest-bearing accounts that at times may exceed federally insured limits. For the statements of cash flows, all highly liquid investments with an original maturity of three months or less are considered to be cash equivalents. The Company had no cash equivalents at March 31, 2024. Significant Accounting Policies The Company maintains cash balances in non-interest-bearing accounts that at times may exceed federally insured limits. For the statements of cash flows, all highly liquid investments with an original maturity of three months or less are considered to be cash equivalents. The Company had no cash equivalents at March 31, 2024. Digital Assets Digital assets are included in current assets in the Consolidated Balance Sheets due to the Company’s ability to sell bitcoin in a highly liquid marketplace and the sale of bitcoin to fund operating expenses to support operations. The proceeds from the sale of digital assets and the purchase of digital assets are included within investing activities in the accompanying Consolidated Statement of Cash Flows. Digital Assets awarded to the Company through its mining activities are accounted for in connection with the Company’s revenue recognition policy. Following the adoption of ASU 2023-08 effective July 1, 2023, the Company measures digital assets at fair value with changes recognized in operating expenses in the Consolidated Statement of Comprehensive Income (Loss). The Company tracks its cost basis of digital assets by-wallet in accordance with the first-in-first-out (“FIFO”) method of accounting. Refer to NOTE 4. DIGITAL ASSETS, for further information regarding the Company’s impact of the adoption of ASU 2023-08. Property and Equipment Property and equipment, consisting primarily of computer and other digital asset mining equipment (transaction verification servers), is stated at the lower of cost or estimated realizable value and is depreciated when placed into service using the straight-line method over estimated useful lives. Management has assessed the basis of depreciation of these assets and believes they should be depreciated over a three-year period due to technological obsolescence reflecting rapid development of hardware that has faster processing capacity and other factors. Maintenance and repairs are expensed as incurred and improvements are capitalized. Gains or losses on the disposition of property and equipment are recorded upon disposal. During the nine months ended March 31, 2024, the Company discontinued the use of damaged or non-serviceable mining equipment and wrote off its net book value of $121,670 to loss on disposition of property and equipment. During the nine months ended March 31, 2023, the Company discontinued the use of damaged or non-serviceable mining equipment and wrote off its net book value of $510,634 to loss on disposition of property and equipment. Management has determined that the three-year diminishing value best reflects the current expected useful life of transaction verification servers. This 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. To the extent that any of the assumptions underlying management’s estimate of useful life of its transaction verification servers are subject to revision in a future reporting period, either as a result of changes in circumstances or through the availability of greater quantities of data, then the estimated useful life could change and have a prospective impact on depreciation expense and the carrying amounts of these assets. Payments to equipment suppliers prior to shipment of the equipment are recorded as equipment deposits. Derivatives As of March 31, 2024, and June 30, 2023, the Company had no derivative liabilities. The Company evaluates its convertible debt, options, warrants or other contracts to determine if those contracts or embedded components of those contracts qualify as derivatives to be separately accounted for. The result of this accounting treatment is that under certain circumstances the fair value of the derivative is marked-to-market each balance sheet date and recorded as a liability. If the fair value is recorded as a liability, the change in fair value is recorded in the statement of operations as other income or expense. Upon conversion or exercise of a derivative instrument, the instrument is marked to fair value at the conversion date and then that fair value is reclassified to equity. Equity instruments that are initially classified as equity that become subject to reclassification under this accounting standard are reclassified to liability at the fair value of the instrument on the reclassification date. Where the number of warrants or common shares to be issued under these agreements is indeterminate, the Company has concluded that the equity environment is tainted, and all additional warrants and convertible debt are included in the value of the derivatives. We estimate the fair value of the derivatives using, as applicable, either the Black-Scholes pricing model or multinomial lattice models that value the derivative liability based on a probability weighted discounted cash flow model using future projections of the various potential outcomes. We estimate the fair value of the derivative liabilities at the inception of the financial instruments, and, in the case of our convertible notes payable, at the date of conversions to equity and at each reporting date, recording a derivative liability, debt discount, additional paid-in capital and a gain or loss on change in derivative liabilities as applicable. These estimates are based on multiple inputs, including the market price of our stock, interest rates, our stock price volatility, variable conversion prices based on market prices as defined in the respective agreements and probabilities of certain outcomes based on management projections. These inputs are subject to significant changes from period to period and to management’s judgment; therefore, the estimated fair value of the derivative liabilities will fluctuate from period to period, and the fluctuation may be material. Impairment of Long-Lived Assets All assets, including intangible assets subject to amortization, are reviewed for impairment when changes in circumstances indicate that the carrying amount of the asset may not be recoverable in accordance with ASC 350 and ASC 360. If the carrying amount of the asset exceeds the expected undiscounted cash flows of the asset, an impairment charge is recognized equal to the amount by which the carrying amount exceeds fair value or net realizable value. The testing of these intangibles under established guidelines for impairment requires significant use of judgment and assumptions. Changes in forecasted operations and other assumptions could materially affect the estimated fair values. Changes in business conditions could potentially require adjustments to these asset valuations. We reported no impairment expense for the three and nine months ended March 31, 2024 and 2023. Mezzanine Series C and D preferred stock that contain certain default provisions requiring mandatory cash redemption that are outside the control of the Company are recorded as Mezzanine in the accompanying balance sheets. Stock-Based Compensation The Company accounts for all equity-based payments in accordance with ASC Topic 718, Compensation – Stock Compensation. The Company accounts for non-employee share-based awards based upon ASC 505-50, Equity-Based Payments to Non-Employees. Revenue Recognition We recognize revenue in accordance with ASC 606, Revenue from Contracts with Customers. This standard provides a single comprehensive model to be used in the accounting for revenue arising from contracts with customers, including industry-specific guidance. The standard’s stated core principle is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve this core principle, ASC 606 includes provisions within a five-step model that includes identifying the contract with a customer, identifying the performance obligations in the contract, determining the transaction price, allocating the transaction price to the performance obligations, and recognizing revenue when, or as, an entity satisfies a performance obligation. Our revenues currently consist of digital asset mining revenues and revenues from the sale of digital asset mining equipment recognized in accordance with ASC 606 as discussed above. Amounts collected from customers prior to shipment of products are recorded as deferred revenue. To generate revenue from mining bitcoin, the Company has entered into digital asset mining pools by executing contracts, as amended from time to time, with the mining pool operators to provide computing power to the mining pool. The contracts are terminable at any time by either party without penalty and the Company’s enforceable right to compensation begins only when, and lasts as long as, the Company provides computing power to the mining pool operator. In exchange for providing computing power, we are entitled to a Full-Pay-Per-Share payout of Bitcoin based on a contractual formula, which primarily calculates the hash rate provided by us to the mining pool as a percentage of total network hash rate, and other inputs. We are entitled to consideration even if a block is not successfully placed by the mining pool operator. Providing computing power to solve complex cryptographic algorithms in support of the Bitcoin blockchain (in a process known as “solving a block”) is an output of the Company’s ordinary activities. The provision of providing such computing power is the only performance obligation in the Company’s contracts with mining pool operators. The transaction consideration the Company receives is net of digital asset transaction fees kept by the mining pool operator and is noncash, in the form of bitcoin, which the Company measures at fair value on the date Bitcoin is received. This value is not materially different than the fair value at the moment we meet the performance obligation, which can be recalculated based on the contractual formula. The consideration is variable. The amount of consideration recognized is constrained to the amount of consideration received, which is when it is probable a significant reversal will not occur. There is no significant financing component or risk of a significant revenue reversal in these transactions due to the performance obligations and settlement of the transactions being on a daily basis. Income Taxes We have adopted ASC Subtopic 740-10, Income Taxes, which requires the recognition of deferred tax liabilities and assets for the expected future tax consequences of events that have been included in the financial statement or tax returns. Under this method, deferred tax liabilities and assets are determined based on the difference between financial statements and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. Management judgment is required in determining our provision for income taxes, our deferred tax assets and liabilities, and any valuation allowance recorded against our deferred tax assets. Deferred tax assets are reduced by a valuation allowance if, based on the consideration of all available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized. Changes in assumptions in future periods may require us to adjust our valuation allowance, which could materially impact our financial position and results of operations. The Company recognizes the benefit of an uncertain tax position that it has taken or expects to take on its income tax return, if such a position is more likely than not to be sustained. Net Income (Loss) Per Share Basic net income or loss per share is calculated by dividing net income or loss by the weighted average number of common shares outstanding for the period. Diluted income or loss per share reflects the potential dilution that could occur if securities or other contracts to issue common stock, such as “in-the-money” stock options and warrants using the treasury stock method, convertible debt, and convertible preferred stock, were exercised or converted into common stock. Equivalent shares are not utilized when the effect is anti-dilutive. For the nine months ended March 31, 2024 and the three and nine months ended March 31, 2023, potential dilutive securities had an anti-dilutive effect and were not included in the calculation of diluted net loss per common share; therefore, basic net loss per share is the same as diluted net loss per share. The following table illustrates the computation of diluted earnings per share for the three months ended March 31, 2024. March 31, 2024 Net income $ 297,283 Less: preferred dividends (72,277 ) Net income available to common shareholders (numerator) $ 225,006 Basic weighted average number of common shares outstanding 5,064,492 Dilutive impact of convertible preferred stock 13,233,588 Diluted weighted average number of common shares outstanding (denominator) 18,298,080 Diluted income per common share $ 0.01 Fair Value of Financial Instruments Assets and liabilities measured at fair value on a recurring basis We recognize financial instruments under the following fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three levels as follows: Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities; Level 2: observable inputs other than Level 1, quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, and model-derived prices whose inputs are observable or whose significant value drivers are observable; and Level 3: assets and liabilities whose significant value drivers are unobservable. The fair value hierarchy also requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. Assets and liabilities measured at fair value are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. The Company will update its assumptions each reporting period based on new developments and record such amounts at fair value based on the revised assumptions until the agreements expire or contingency is resolved, as applicable. The following tables present the Company’s assets and liabilities measured at fair value on a recurring basis: Fair value measured as of March 31, 2024 Total carrying value Level 1 Level 2 Level 3 Bitcoin (see NOTE 4) $ 1,625,424 $ 1,625,424 $ - $ - The Company did not have assets or liabilities measured at fair value on a recurring basis as of June 30, 2023. Assets and liabilities not measured at fair value on a recurring basis In addition to assets and liabilities that are measured at fair value on a recurring basis, we also measure certain assets and liabilities at fair value on a nonrecurring basis. Our non-financial assets, including property and equipment, are measured at fair value when there is an indication of impairment and the carrying amount exceeds the asset’s projected undiscounted cash flows. These assets are recorded at fair value only when an impairment charge is recognized. As of March 31, 2024 and June 30, 2023, the fair values of cash, prepaid expenses and other current assets, accounts payable, and accrued expenses approximated their carrying values because of their short-term nature. Recently Issued Accounting Pronouncements In December 2023, the FASB issued ASU No. 2023-08, Intangibles—Goodwill and Other—Crypto Assets (Subtopic 350-60): Accounting for and Disclosure of Crypto Assets There were no other new accounting pronouncements issued or proposed by the FASB during the nine months ended March 31, 2024 and through the date of filing this report which the Company believes will have a material impact on its financial statements. Reclassifications Certain amounts in the financial statements for prior year periods have been reclassified to conform to the presentation for the current year periods.

GOING CONCERN

GOING CONCERN	9 Months Ended
	Mar. 31, 2024
GOING CONCERN
GOING CONCERN	3. GOING CONCERN Historically, the Company has reported recurring net losses from operations and used net cash in operating activities. As of March 31, 2024, the Company’s current liabilities exceeded its current assets by $1,290,415 and the Company had an accumulated deficit of $82,684,536. These conditions raise substantial doubt about the Company's ability to continue as a going concern. The accompanying financial statements have been prepared in conformity with U.S. GAAP, which contemplate continuation of the Company as a going concern and the realization of assets and satisfaction of liabilities in the normal course of business. The ability of the Company to reach and maintain a successful level of operations is dependent on the execution of management’s plans, which include the raising of capital through the debt and/or equity markets, until such time that funds provided by operations are sufficient to fund working capital requirements. If the Company were not to continue as a going concern, it would likely not be able to realize its assets at values comparable to the carrying value or the fair value estimates reflected in the balances set out in the preparation of the financial statements. There can be no assurances that the Company will be successful in attaining a profitable level of operations or in generating additional cash from the equity/debt markets or other sources fund its operations. The financial statements do not include any adjustments relating to the recoverability of assets and classification of assets and liabilities that might be necessary. Should the Company not be successful in its business plan or in obtaining the necessary financing to fund its operations, the Company would need to curtail certain or all operational activities and/or contemplate the sale of its assets, if necessary.

DIGITAL ASSETS

DIGITAL ASSETS	9 Months Ended
	Mar. 31, 2024
DIGITAL ASSETS
DIGITAL ASSETS	4. DIGITAL ASSETS Adoption of ASU 2023-08, Accounting for and Disclosure of Crypto Assets Effective July 1, 2023, the Company early adopted ASU 2023-08, which requires entities to measure crypto assets at fair value with changes recognized in the Statement of Operations each reporting period. The Company’s digital assets are within the scope of ASU 2023-08 and the transition guidance requires a cumulative-effect adjustment as of the beginning of the current fiscal year for any difference between the carrying amount of the Company’s digital assets and fair value. As a result of the Company’s early adoption of ASU 2023-08, the Company recorded a $47,360 increase to digital assets and a $47,360 decrease to accumulated deficit on the Balance Sheets as of the beginning of the fiscal year ended June 30, 2024. The following table presents the Company’s significant Digital Asset holdings as of March 31, 2024: Quantity Cost Basis Fair Value Bitcoin 22.79 $ 1,329,448 $ 1,625,424 Total digital assets held as of March 31, 2024 $ 1,329,448 $ 1,625,424 The following table presents a roll-forward of total digital assets for the period ended March 31, 2024, based on the fair value model under ASU 2023-08: Fair Value Balance as of June 30, 2023 $ 447,425 Cumulative effect upon adoption of ASU 2023-08 47,360 Revenue recognized from Bitcoin mined 4,770,422 Proceeds from sale of Digital Assets (3,517,885 ) Operating expenses paid with Digital Assets (331,234 ) Amount due to related party paid with Digital Assets (297,138 ) Purchase of property and equipment with Digital Assets (36,750 ) Accrued interest on notes payable paid with Digital Assets (25,000 ) Change in fair value of Digital Assets 568,224 Balance as of March 31, 2024 $ 1,625,424 Realized gains for the nine months ended March 31, 2024 11,923 Prior to Adoption of ASU 2023-08, Accounting for and Disclosure of Crypto Assets Digital assets Prior to the adoption of ASU 2023-08, digital assets were accounted for as indefinite-lived intangible assets and were initially measured in accordance with ASC 350 - Intangible-Goodwill and Other. Digital assets were not amortized, but were assessed for impairment annually, or more frequently, when events or changes in circumstances occur indicating that it is more likely than not that the indefinite-lived intangible asset is impaired. Whenever the exchange-traded price of digital assets declined below its carrying value, the Company was required to determine if an impairment existed and to record an impairment equal to the amount by which the carrying value exceeded the fair value. The following table presents a roll-forward of digital assets for the period ended March 31, 2023, based on the cost-impairment model under ASC 350: Fair Value Balance as of June 30, 2022 $ 72,885 Revenue recognized from Bitcoin mined 2,398,470 Proceeds from sale of Digital Assets (2,062,691 ) Operating expenses paid with Digital Assets (62,654 ) Realized (gain) loss on sale of digital assets (12,514 ) Balance as of March 31, 2023 $ 333,496

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	9 Months Ended
	Mar. 31, 2024
PROPERTY AND EQUIPMENT
PROPERTY AND EQUIPMENT	5. PROPERTY AND EQUIPMENT Property and equipment consisted of the following as of: March 31, 2024 June 30, 2023 Digital asset mining equipment $ 8,705,472 $ 8,668,025 Furniture and equipment 240,011 240,011 Total 8,945,483 8,908,036 Less accumulated depreciation and amortization (5,591,467 ) (3,608,202 ) Net $ 3,354,016 $ 5,299,834 Depreciation and amortization expense, for the three months ended March 31, 2024 and 2023 was $692,654 and $1,469,196, respectively and $2,171,938 and $2,291,301 for the nine months ended March 31, 2024 and 2023, respectively. During the nine months ended March 31, 2024 and 2023, we disposed of and wrote off non-serviceable, defective mining equipment with a net book value of $121,670 and $510,634, respectively.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Mar. 31, 2024
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS	6. RELATED PARTY TRANSACTIONS We have one executive officer, Steve Rubakh, who is currently our only full-time employee and sole member of our Board of Directors. The Board of Directors establishes Mr. Rubakh’s annual salary, cash bonuses, and the number of Series B preferred stock to issue Mr. Rubakh as additional compensation. Effective January 1, 2024 the Board of Directors approved Mr. Rubakh’s annual salary to be $250,000, quarterly cash bonus to be $100,000, and canceled the quarterly Preferred B shares issuances. During the nine months ended March 31, 2024, Mr. Rubakh’s annual salary was $250,000 ($62,500 quarterly). In addition, $200,000 of bonuses ($100,000 during the six months ended December 31, 2023 and $100,000 during the three months ended March 31, 2024) were approved by the Board of Directors. Last, the Company issued to Mr. Rubakh 50,000 shares (during the three months ended September 30, 2023) of Series B convertible preferred stock valued on an “as converted to common” basis at $8,300,000, using the closing market price of the Company’s common stock. Each share of Series B preferred stock is convertible into 100 shares of the Company’s common stock. This non-cash, related party stock-based compensation is included in operating expenses in the accompanying statements of operations. During the nine months ended March 31, 2023, Mr. Rubakh’s annual salary was $250,000 ($62,500 quarterly). In addition, $150,000 of bonuses ($50,000 quarterly) were approved by the Board of Directors. Last, the Company issued to Mr. Rubakh 150,000 shares (50,000 quarterly) of Series B convertible preferred stock valued on an “as converted to common” basis at $497,500, using the closing market price of the Company’s common stock. Each share of Series B preferred stock is convertible into 100 shares of the Company’s common stock. This non-cash, related party stock-based compensation is included in operating expenses in the accompanying statements of operations. Total compensation expense included in general and administrative expenses was $162,500 and $257,500 for the three months ended March 31, 2024 and 2023, respectively and $8,687,500 and $835,000 for the nine months ended March 31, 2024 and 2023, respectively. Amounts due to related party, consisting of accrued salary to Mr. Rubakh, totaled $3,584, and $297,138 as of March 31, 2024 and June 30, 2023, respectively. In April 2022, Mr. Rubakh advanced $118,150 to a third-party vendor on behalf of the Company. The advance is due on demand, has no interest rate, and is unsecured. During the nine months ended March 31, 2024, repayments of $118,150 were made on the advance. Amounts due to related party, consisting of short-term advances from Mr. Rubakh, totaled $0 and $118,150 as of March 31, 2024 and June 30, 2023, respectively. Total amount due to Mr. Rubakh for accrued salary and short-term advances as of March 31, 2024 and June 30, 2023 was $3,584, and $415,288, respectively. During the nine months ended March 31, 2024, Mr. Rubakh converted 20,000 shares of Series B preferred stock into 2,000,000 shares of common stock in a transaction recorded at the par value of the shares. During the nine months ended March 31, 2023, Mr. Rubakh converted 902,630 shares of Series B preferred stock into 722,104 shares of common stock in a transaction recorded at the par value of the shares. On December 15, 2021, the Company and Tioga Holding, LLC, a related party owned 50% by Mr. Rubakh (“Tioga”), entered into a Property Lease and Power Purchase Agreement for the use by the Company of facilities located in Tioga, Pennsylvania. The Company’s sole obligation under the agreement is to pay monthly a contractual rate per kilowatt hour of electricity consumed in the Company’s digital asset mining operations. The term of the agreement was 36 months. Mining operations as this facility terminated in September 2023 due to the significant increase in power cost by local utility. During the nine months ended March 31, 2024 and 2023, the Company incurred power expense of $96,527 and $259,315, respectively. During the three months ended March 31, 2024 and 2023, the Company incurred power expense of $0 and $78,884, respectively.

NOTES PAYABLE

NOTES PAYABLE	9 Months Ended
	Mar. 31, 2024
NOTES PAYABLE
NOTES PAYABLE	7. NOTES PAYABLE On June 15, 2022, the Company entered into a Loan Agreement and Promissory Note with BHP Capital NY, Inc. (“BHP”) in the amount of $500,000. The note matured on January 15, 2023, and bares a flat interest charge of $130,000 that shall not be reduced or pro-rated in the event of prepayment. In addition, upon an event of default, the Note bares default interest of 18% per annum. This note is secured by assets and equipment of the Company. As further inducement to enter this note, the Company issued BHP 16,000 shares of restricted common stock. These shares were valued at $123,200 using the closing market price of the Company’s common stock on the date of issuance and were recorded as a debt discount that is being amortized to interest expense over the term of the note. The Company recorded $0 and $8,636 of interest expense for amortization of this debt discount and accrued $22,750 and $27,605 of interest expense during the three months ended March 31, 2024 and 2023, respectively and recorded $0 and $114,564 of interest expense for amortization of this debt discount and accrued $68,750 and $139,381 of interest expense during the nine months ended March 31, 2024 and 2023, respectively. The Company repaid $100,000 ($75,000 via cash and $25,000 via Bitcoin) and $50,000 (via cash) during the nine months ended March 31, 2024 and 2023, respectively. As of March 31, 2024, this note was in default due to nonpayment before the maturity date.

MEZZANINE

MEZZANINE	9 Months Ended
	Mar. 31, 2024
MEZZANINE
MEZZANINE	8. MEZZANINE Series C Preferred Stock Effective January 14, 2021, the Company filed a Certificate of Designation of the Series C Convertible Preferred Stock with the Nevada Secretary of State. The Company has authorized the issuance of an aggregate of 3,000 shares of the Series C preferred stock. Each share of Series C preferred stock has a par value of $0.001 per share and a stated value of $1,100 per share. The shares of Series C preferred stock are convertible into shares of the Company’s common stock at a conversion price of $8.50 per share. Each share of the Series C preferred stock is entitled to receive cumulative dividends of 12% per annum or 18% per annum in the event of default, payable monthly from the date of issuance of the shares. Starting one month after the issuance of the shares, they were in default due to the Company’s failure to pay the cumulative dividend monthly as required by the agreement. Dividends may be paid in cash or in shares of Series C preferred stock at the discretion of the Company. During the year ended June 30, 2023, the Company settled $293,639 of dividends owed in exchange for 78,304 shares of common stock. The shares of Common Stock were valued based on their value as of the settlement date which was $3.75 per share. As of March 31, 2024 and June 30, 2023, the Company accrued Series C preferred stock dividends of $378,207 and $245,088, respectively. The Company, at its sole discretion, has the right to redeem all, but not less than all, shares of the Series C preferred stock issued and outstanding upon 5 days’ notice at a defined redemption price. The holders of the Series C preferred stock do not have a right to put the shares to the Company. The holders of the Series C preferred stock shall have the right to vote together with holders of common stock, on an as “converted basis”, on any matter that the Company’s shareholders may be entitled to vote on, either by written consent or by proxy. As March 31, 2024 and June 30, 2023, 1,125 shares of Series C preferred stock were issued and outstanding and recorded at started value as mezzanine due to certain default provision requiring mandatory cash redemption that are outside the control of the Company. Series D Preferred Stock On February 19, 2021, the Company filed a Certificate of Designation of the Series D Convertible Preferred Stock with the Nevada Secretary of State authorizing the issuance of an aggregate of 4,000 shares of the Series D preferred stock. Each share of Series D preferred stock has a par value of $0.001 per share and a stated value of $1,100 per share. The shares of Series D preferred stock are convertible into shares of the Company’s common stock at a conversion price of $37.50 per share. Each share of the Series D preferred stock is entitled to receive cumulative dividends of 12% per annum or 18% per annum in the event of default, payable monthly from the date of issuance of the shares. Starting one month after the issuance of the shares, they were in default due to the Company’s failure to pay the cumulative dividend monthly as required by the agreement. Dividends may be paid in cash or in shares of Series D preferred stock at the discretion of the Company. As of March 31, 2024 and June 30, 2023, the Company accrued Series D preferred stock dividends of $1,754,874 and $1,400,122, respectively. The Company, at its sole discretion, has the right to redeem all, but not less than all, shares of the Series D preferred stock issued and outstanding upon 5 days’ notice at a defined redemption price. The holders of the Series D preferred stock do not have a right to put the shares to the Company. The holders of the Series D preferred stock shall have the right to vote together with holders of common stock, on an as “converted basis”, on any matter that the Company’s shareholders may be entitled to vote on, either by written consent or by proxy. As of March 31, 2024 and June 30, 2023, 3,000 shares of Series D preferred stock were issued and outstanding and recorded as mezzanine due to certain default provisions requiring mandatory cash redemption that are outside the control of the Company.

STOCKHOLDERS EQUITY (DEFICIT)

STOCKHOLDERS EQUITY (DEFICIT)	9 Months Ended
	Mar. 31, 2024
STOCKHOLDERS EQUITY (DEFICIT)
STOCKHOLDERS' EQUITY (DEFICIT)	9. STOCKHOLDERS’ EQUITY (DEFICIT) Preferred Stock Series A Preferred Stock In March 2015, the Company filed with the State of Nevada a Certificate of Designation establishing the designations, preferences, limitations, and relative rights of 1,000,000 shares of the Company's Series A preferred stock. Each share of Series A preferred stock has a par value of $0.001. Holders of the Series A preferred stock have the right to vote in aggregate, on all shareholder matters equal to 1,000 votes per share of Series A preferred stock not subject to adjustment for a stock split or reverse stock split. The shares of Series A preferred stock are not convertible into shares of common stock. The Company has 1,000,000 shares of Series A preferred stock authorized, with 500,000 shares issued and outstanding as of March 31, 2024 and June 30, 2023, which were issued in March 2015 to members of the Company’s Board of Directors in consideration for services. Series B Preferred Stock On December 21, 2015, the Company filed a Certificate of Designation for a new Series B convertible preferred stock with the State of Nevada following approval by the board of directors of the Company. Five Hundred Thousand (500,000) shares of the Company's authorized preferred stock are designated as the Series B convertible preferred stock, par value of $0.001 per share and with a stated value of $0.001 per share (the “Stated Value”). Holders of Series B preferred stock shall be entitled to receive dividends, when and as declared by the Board of Directors out of funds legally available therefor. At any time and from time to time after the issuance of shares of the Series B preferred stock, each issued share of Series B preferred stock is convertible into 100 shares of the Company’s common stock (“Conversion Ratio”). The Conversion Ratio is subject to adjustment if the Company enters into a merger or spin off transaction but is not subject to adjustment for a stock split or reverse stock split. The holders of the Series B preferred stock shall have the right to vote together with holders of common stock, on an as “converted basis”, on any matter that the Company's shareholders may be entitled to vote on, either by written consent or by proxy. Upon any liquidation, dissolution or winding-up of the Company, the holders of the Series B preferred stock shall be entitled to receive out of the assets of the Company, whether such assets are capital or surplus, for each share of Series B preferred stock an amount equal to the Stated Value, and all other amounts in respect thereof then due and payable prior to any distribution or payment shall be made to the holders of any junior securities. The number of authorized Series B preferred stock was later increased to 1,000,000 shares. During the nine months ended March 31, 2024, Mr. Rubakh converted 20,000 shares of Series B preferred stock into 2,000,000 shares of common stock in a transaction recorded at the par value of the shares. During the nine months ended March 31, 2023, Mr. Rubakh converted 902,630 shares of Series B preferred stock into 722,104 shares of common stock in a transaction recorded at the par value of the shares. For services provided during the nine months ended March 31, 2024, the Company issued to Mr. Rubakh 50,000 shares of Series B convertible preferred stock valued on an “as converted to common” basis at $8,300,000, using the closing market price of the Company’s common stock. Each share of Series B preferred stock is convertible into 100 shares of the Company’s common stock. This non-cash, related party stock-based compensation is included in operating expenses in the accompanying statements of operations. For services provided during the nine months ended March 31, 2023, the Company issued to Mr. Rubakh 150,000 shares of Series B convertible preferred stock valued on an “as converted to common” basis at $497,500, using the closing market price of the Company’s common stock. Each share of Series B preferred stock is convertible into 100 shares of the Company’s common stock. This non-cash, related party stock-based compensation is included in operating expenses in the accompanying statements of operations. The Company had 130,000 and 100,000 shares issued and outstanding as of March 31, 2024 and June 30, 2023, respectively. Common Stock As of March 31, 2024, we were authorized to issue up to 300,000,000 shares of common stock with a par value of $0.001. The Company had 5,064,492 and 2,864,492 common shares issued and outstanding as of March 31, 2024 and June 30, 2023, respectively. During the nine months ended March 31, 2024, the Company issued a total of 2,200,000 shares of its common stock: 2,000,000 in conversion of Series B preferred stock recorded at par value of $2,001 and 200,000 shares for the purchase of bitcoin miners recorded at the fair value of the shares or $309,300. During the nine months ended March 31, 2023, the Company issued a total of 1,122,634 shares of its common stock: 722,104 shares issued in conversion of Series B preferred stock recorded at $72,278,304 shares issued for settlement of accrued dividends for a fair value of $293,639,234,215 shares for the cash-less exercise of warrants recorded at par value of $23,488,000 shares issued valued at $11,000 recorded as a loss on exercise of warrants, and 11 shares issued due to rounding from the Reverse Split.

WARRANTS

WARRANTS	9 Months Ended
	Mar. 31, 2024
WARRANTS
WARRANTS	10. WARRANTS The Company issued warrants to purchase 88,000 shares of its common stock in February 2021 in connection with the sale of Series D preferred stock. On January 19, 2023, the Company and the Purchaser entered into a letter agreement whereby the Company agreed to amend the terms of such Purchaser’s Warrants to purchase up to 88,000 shares to provide effective as of August 30, 2022. The amendment reduced the exercise price thereof to $0.125, subject to adjustment therein, and waived the “exploding feature” of the Anti-Dilution Provision in the Warrant that would otherwise have effected an increase in the number of warrant shares as a result of an exercise price reduction so as to result in the same aggregate value of the warrant shares multiplied by the exercise price. The effect of this modification was measured as the excess of the fair value of the amended Purchaser’s Warrants over the fair value of the Purchaser’s Warrants immediately before the amendments which amounted to $93,337 and was recognized as a dividend due to the substance of the modification not indicating the issuer has incurred a cost that should be expensed. During the nine months ended March 31, 2023, we issued 88,000 shares of common stock for the exercise of these 88,000 warrants. As the Company agreed to not receive cash for the exercise of these warrants, an $11,000 Loss on Exercise of Warrant was recorded in the Other Income (Expense) section of the Consolidated Statements of Operations. The Company also issued warrants to purchase 240,000 shares of its common stock in April 2021 in connection with the sale of common stock. During the nine months ended March 31, 2023, the Company entered into two letter agreements in connection with this sale described as follows. On September 13, 2022, the Company and one of the Purchasers entered into a letter agreement (the “September 13 Amendment Agreement”) whereby the Company agreed to amend the terms of such Purchaser’s Warrants to purchase up to 120 thousand shares to provide effective as of June 29, 2022. The amendment reduced the exercise price thereof to $0.125, subject to adjustment therein, and waived the “exploding feature” of the Anti-Dilution Provision in the Warrant that would otherwise have effected an increase in the number of warrant shares as a result of an exercise price reduction so as to result in the same aggregate value of the warrant shares multiplied by the exercise price. Additionally, other than an Exempt Issuance, as defined in the Warrants, from the date hereof until 90 days after the date hereof, neither the Company nor any subsidiary of the Company may issue, enter into any agreement to issue or announce the issuance or proposed issuance of any shares of Common Stock or Common Stock Equivalents (as defined in the Warrants). On September 15, 2022, the Company and the other Purchaser entered into a letter agreement (the “September 15 Amendment Agreement”) whereby the Company agreed to amend the terms of such Purchaser’s Warrants to purchase up to 120 thousand shares, effective as of August 30, 2022. The amendment reduced the exercise price thereof to $0.125, subject to adjustment therein, and waived the “exploding feature” of the Anti-Dilution Provision in the Warrant that would otherwise have effected an increase in the number of warrant shares as a result of an exercise price reduction so as to result in the same aggregate value of the warrant shares multiplied by the exercise price. Additionally, other than an Exempt Issuance, as defined in the Warrants, from the date hereof until 90 days after the date hereof, neither the Company nor any subsidiary of the Company may issue, enter into any agreement to issue or announce the issuance or proposed issuance of any shares of Common Stock or Common Stock Equivalents (as defined in the Warrants). The effect of these modifications was measured as the excess of the fair value of the amended Purchaser’s Warrants over the fair value of the Purchaser’s Warrants immediately before the amendments which amounted to $162,037 and was recognized as a dividend due to the substance of the modification not indicating the issuer has incurred a cost that should be expensed. During the nine months ended March 31, 2023, we issued 234,215 shares of common stock for the cash-less exercise of 240,000 warrants. There were no warrants outstanding as of March 31, 2024 and June 30, 2023.

IMPACTS OF ADOPTION OF ASU 2023

IMPACTS OF ADOPTION OF ASU 2023-08	9 Months Ended
	Mar. 31, 2024
IMPACTS OF ADOPTION OF ASU 2023-08
IMPACTS OF ADOPTION OF ASU 2023-08	11. IMPACTS OF ADOPTION OF ASU 2023-08 The following tables present a summary of the impacts of the adoption of ASU 2023-08, effective July 1, 2023, on the Company’s interim Condensed Statements of Operations for the three months ended September 30, 2023 and the three and six months ended December 31, 2023 (all amounts are unaudited): For the three months ended September 30, 2023 Statements of Operations As previously reported Effects of adoption As adjusted Total Revenue 1,059,064 - 1,059,064 Realized gain (loss) on sale of digital assets (20,455 ) 15,625 (4,830 ) Change in fair value of digital assets - (60,325 ) (60,325 ) Operating income (loss) (8,991,693 ) (44,700 ) (9,036,393 ) Net income (loss) (9,035,177 ) (44,700 ) (9,079,877 ) Basic and diluted net income (loss) per share (2.73 ) (0.01 ) (2.74 ) Basic and diluted weighted average number of shares outstanding 3,308,818 - 3,608,818 For the three months ended December 31, 2023 Statements of Operations As previously reported Effects of adoption As adjusted Total Revenue 1,728,108 - 1,728,108 Realized gain (loss) on sale of digital assets 183,146 (180,965 ) 2,181 Change in fair value of digital assets - 175,741 175,741 Operating income (loss) (513,602 ) (5,224 ) (518,826 ) Net income (loss) (354,340 ) (5,224 ) (359,564 ) Basic and diluted net income (loss) per share (0.08 ) (0.01 ) (0.09 ) Basic and diluted weighted average number of shares outstanding 4,228,742 - 4,228,742 For the six months ended December 31, 2023 Statements of Operations As previously reported Effects of adoption As adjusted Total Revenue 2,787,172 - 2,787,172 Realized gain (loss) on sale of digital assets 162,691 (165,340 ) (2,649 ) Change in fair value of digital assets - 115,416 115,416 Operating income (loss) (9,505,294 ) (49,924 ) (9,555,218 ) Net income (loss) (9,389,517 ) (49,924 ) (9,439,441 ) Basic and diluted net income (loss) per share (2.49 ) (0.01 ) (2.50 ) Basic and diluted weighted average number of shares outstanding 3,768,780 - 3,768,780

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Mar. 31, 2024
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	12. COMMITMENTS AND CONTINGENCIES Legal Matters From time to time, we may be involved in litigation relating to claims arising out of our operations in the normal course of business. As of the date of filing of this report, there were no pending or threatened lawsuits.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Mar. 31, 2024
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	13. SUBSEQUENT EVENTS Management has evaluated subsequent events according to the requirements of ASC TOPIC 855, and has none to report.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Mar. 31, 2024
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
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 revenue and expenses during the reporting period. Because of the use of estimates inherent in the financial reporting process, actual results could differ significantly from those estimates.
Cash and Cash Equivalents	The Company maintains cash balances in non-interest-bearing accounts that at times may exceed federally insured limits. For the statements of cash flows, all highly liquid investments with an original maturity of three months or less are considered to be cash equivalents. The Company had no cash equivalents at March 31, 2024.
Digital Assets	Digital assets are included in current assets in the Consolidated Balance Sheets due to the Company’s ability to sell bitcoin in a highly liquid marketplace and the sale of bitcoin to fund operating expenses to support operations. The proceeds from the sale of digital assets and the purchase of digital assets are included within investing activities in the accompanying Consolidated Statement of Cash Flows. Digital Assets awarded to the Company through its mining activities are accounted for in connection with the Company’s revenue recognition policy. Following the adoption of ASU 2023-08 effective July 1, 2023, the Company measures digital assets at fair value with changes recognized in operating expenses in the Consolidated Statement of Comprehensive Income (Loss). The Company tracks its cost basis of digital assets by-wallet in accordance with the first-in-first-out (“FIFO”) method of accounting. Refer to NOTE 4. DIGITAL ASSETS, for further information regarding the Company’s impact of the adoption of ASU 2023-08.
Property and Equipment	Property and equipment, consisting primarily of computer and other digital asset mining equipment (transaction verification servers), is stated at the lower of cost or estimated realizable value and is depreciated when placed into service using the straight-line method over estimated useful lives. Management has assessed the basis of depreciation of these assets and believes they should be depreciated over a three-year period due to technological obsolescence reflecting rapid development of hardware that has faster processing capacity and other factors. Maintenance and repairs are expensed as incurred and improvements are capitalized. Gains or losses on the disposition of property and equipment are recorded upon disposal. During the nine months ended March 31, 2024, the Company discontinued the use of damaged or non-serviceable mining equipment and wrote off its net book value of $121,670 to loss on disposition of property and equipment. During the nine months ended March 31, 2023, the Company discontinued the use of damaged or non-serviceable mining equipment and wrote off its net book value of $510,634 to loss on disposition of property and equipment. Management has determined that the three-year diminishing value best reflects the current expected useful life of transaction verification servers. This 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. To the extent that any of the assumptions underlying management’s estimate of useful life of its transaction verification servers are subject to revision in a future reporting period, either as a result of changes in circumstances or through the availability of greater quantities of data, then the estimated useful life could change and have a prospective impact on depreciation expense and the carrying amounts of these assets. Payments to equipment suppliers prior to shipment of the equipment are recorded as equipment deposits.
Derivatives	As of March 31, 2024, and June 30, 2023, the Company had no derivative liabilities. The Company evaluates its convertible debt, options, warrants or other contracts to determine if those contracts or embedded components of those contracts qualify as derivatives to be separately accounted for. The result of this accounting treatment is that under certain circumstances the fair value of the derivative is marked-to-market each balance sheet date and recorded as a liability. If the fair value is recorded as a liability, the change in fair value is recorded in the statement of operations as other income or expense. Upon conversion or exercise of a derivative instrument, the instrument is marked to fair value at the conversion date and then that fair value is reclassified to equity. Equity instruments that are initially classified as equity that become subject to reclassification under this accounting standard are reclassified to liability at the fair value of the instrument on the reclassification date. Where the number of warrants or common shares to be issued under these agreements is indeterminate, the Company has concluded that the equity environment is tainted, and all additional warrants and convertible debt are included in the value of the derivatives. We estimate the fair value of the derivatives using, as applicable, either the Black-Scholes pricing model or multinomial lattice models that value the derivative liability based on a probability weighted discounted cash flow model using future projections of the various potential outcomes. We estimate the fair value of the derivative liabilities at the inception of the financial instruments, and, in the case of our convertible notes payable, at the date of conversions to equity and at each reporting date, recording a derivative liability, debt discount, additional paid-in capital and a gain or loss on change in derivative liabilities as applicable. These estimates are based on multiple inputs, including the market price of our stock, interest rates, our stock price volatility, variable conversion prices based on market prices as defined in the respective agreements and probabilities of certain outcomes based on management projections. These inputs are subject to significant changes from period to period and to management’s judgment; therefore, the estimated fair value of the derivative liabilities will fluctuate from period to period, and the fluctuation may be material.
Impairment of Long-Lived Assets	All assets, including intangible assets subject to amortization, are reviewed for impairment when changes in circumstances indicate that the carrying amount of the asset may not be recoverable in accordance with ASC 350 and ASC 360. If the carrying amount of the asset exceeds the expected undiscounted cash flows of the asset, an impairment charge is recognized equal to the amount by which the carrying amount exceeds fair value or net realizable value. The testing of these intangibles under established guidelines for impairment requires significant use of judgment and assumptions. Changes in forecasted operations and other assumptions could materially affect the estimated fair values. Changes in business conditions could potentially require adjustments to these asset valuations. We reported no impairment expense for the three and nine months ended March 31, 2024 and 2023.
Mezzanine	Series C and D preferred stock that contain certain default provisions requiring mandatory cash redemption that are outside the control of the Company are recorded as Mezzanine in the accompanying balance sheets.
Stock-Based Compensation	The Company accounts for all equity-based payments in accordance with ASC Topic 718, Compensation – Stock Compensation. The Company accounts for non-employee share-based awards based upon ASC 505-50, Equity-Based Payments to Non-Employees.
Revenue Recognition	We recognize revenue in accordance with ASC 606, Revenue from Contracts with Customers. This standard provides a single comprehensive model to be used in the accounting for revenue arising from contracts with customers, including industry-specific guidance. The standard’s stated core principle is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve this core principle, ASC 606 includes provisions within a five-step model that includes identifying the contract with a customer, identifying the performance obligations in the contract, determining the transaction price, allocating the transaction price to the performance obligations, and recognizing revenue when, or as, an entity satisfies a performance obligation. Our revenues currently consist of digital asset mining revenues and revenues from the sale of digital asset mining equipment recognized in accordance with ASC 606 as discussed above. Amounts collected from customers prior to shipment of products are recorded as deferred revenue. To generate revenue from mining bitcoin, the Company has entered into digital asset mining pools by executing contracts, as amended from time to time, with the mining pool operators to provide computing power to the mining pool. The contracts are terminable at any time by either party without penalty and the Company’s enforceable right to compensation begins only when, and lasts as long as, the Company provides computing power to the mining pool operator. In exchange for providing computing power, we are entitled to a Full-Pay-Per-Share payout of Bitcoin based on a contractual formula, which primarily calculates the hash rate provided by us to the mining pool as a percentage of total network hash rate, and other inputs. We are entitled to consideration even if a block is not successfully placed by the mining pool operator. Providing computing power to solve complex cryptographic algorithms in support of the Bitcoin blockchain (in a process known as “solving a block”) is an output of the Company’s ordinary activities. The provision of providing such computing power is the only performance obligation in the Company’s contracts with mining pool operators. The transaction consideration the Company receives is net of digital asset transaction fees kept by the mining pool operator and is noncash, in the form of bitcoin, which the Company measures at fair value on the date Bitcoin is received. This value is not materially different than the fair value at the moment we meet the performance obligation, which can be recalculated based on the contractual formula. The consideration is variable. The amount of consideration recognized is constrained to the amount of consideration received, which is when it is probable a significant reversal will not occur. There is no significant financing component or risk of a significant revenue reversal in these transactions due to the performance obligations and settlement of the transactions being on a daily basis.
Income Taxes	We have adopted ASC Subtopic 740-10, Income Taxes, which requires the recognition of deferred tax liabilities and assets for the expected future tax consequences of events that have been included in the financial statement or tax returns. Under this method, deferred tax liabilities and assets are determined based on the difference between financial statements and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. Management judgment is required in determining our provision for income taxes, our deferred tax assets and liabilities, and any valuation allowance recorded against our deferred tax assets. Deferred tax assets are reduced by a valuation allowance if, based on the consideration of all available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized. Changes in assumptions in future periods may require us to adjust our valuation allowance, which could materially impact our financial position and results of operations. The Company recognizes the benefit of an uncertain tax position that it has taken or expects to take on its income tax return, if such a position is more likely than not to be sustained.
Net Income (Loss) Per Share	Basic net income or loss per share is calculated by dividing net income or loss by the weighted average number of common shares outstanding for the period. Diluted income or loss per share reflects the potential dilution that could occur if securities or other contracts to issue common stock, such as “in-the-money” stock options and warrants using the treasury stock method, convertible debt, and convertible preferred stock, were exercised or converted into common stock. Equivalent shares are not utilized when the effect is anti-dilutive. For the nine months ended March 31, 2024 and the three and nine months ended March 31, 2023, potential dilutive securities had an anti-dilutive effect and were not included in the calculation of diluted net loss per common share; therefore, basic net loss per share is the same as diluted net loss per share. The following table illustrates the computation of diluted earnings per share for the three months ended March 31, 2024. March 31, 2024 Net income $ 297,283 Less: preferred dividends (72,277 ) Net income available to common shareholders (numerator) $ 225,006 Basic weighted average number of common shares outstanding 5,064,492 Dilutive impact of convertible preferred stock 13,233,588 Diluted weighted average number of common shares outstanding (denominator) 18,298,080 Diluted income per common share $ 0.01
Fair Value of Financial Instruments	Assets and liabilities measured at fair value on a recurring basis We recognize financial instruments under the following fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three levels as follows: Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities; Level 2: observable inputs other than Level 1, quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, and model-derived prices whose inputs are observable or whose significant value drivers are observable; and Level 3: assets and liabilities whose significant value drivers are unobservable. The fair value hierarchy also requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. Assets and liabilities measured at fair value are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. The Company will update its assumptions each reporting period based on new developments and record such amounts at fair value based on the revised assumptions until the agreements expire or contingency is resolved, as applicable. The following tables present the Company’s assets and liabilities measured at fair value on a recurring basis: Fair value measured as of March 31, 2024 Total carrying value Level 1 Level 2 Level 3 Bitcoin (see NOTE 4) $ 1,625,424 $ 1,625,424 $ - $ - The Company did not have assets or liabilities measured at fair value on a recurring basis as of June 30, 2023. Assets and liabilities not measured at fair value on a recurring basis In addition to assets and liabilities that are measured at fair value on a recurring basis, we also measure certain assets and liabilities at fair value on a nonrecurring basis. Our non-financial assets, including property and equipment, are measured at fair value when there is an indication of impairment and the carrying amount exceeds the asset’s projected undiscounted cash flows. These assets are recorded at fair value only when an impairment charge is recognized. As of March 31, 2024 and June 30, 2023, the fair values of cash, prepaid expenses and other current assets, accounts payable, and accrued expenses approximated their carrying values because of their short-term nature.
Recently Issued Accounting Pronouncements	In December 2023, the FASB issued ASU No. 2023-08, Intangibles—Goodwill and Other—Crypto Assets (Subtopic 350-60): Accounting for and Disclosure of Crypto Assets There were no other new accounting pronouncements issued or proposed by the FASB during the nine months ended March 31, 2024 and through the date of filing this report which the Company believes will have a material impact on its financial statements.
Reclassifications	Certain amounts in the financial statements for prior year periods have been reclassified to conform to the presentation for the current year periods.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
	Mar. 31, 2024
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Schedule of computation of diluted earnings per share	March 31, 2024 Net income $ 297,283 Less: preferred dividends (72,277 ) Net income available to common shareholders (numerator) $ 225,006 Basic weighted average number of common shares outstanding 5,064,492 Dilutive impact of convertible preferred stock 13,233,588 Diluted weighted average number of common shares outstanding (denominator) 18,298,080 Diluted income per common share $ 0.01
Schedule of measured at fair value on a recurring basis	Fair value measured as of March 31, 2024 Total carrying value Level 1 Level 2 Level 3 Bitcoin (see NOTE 4) $ 1,625,424 $ 1,625,424 $ - $ -

DIGITAL ASSETS (Tables)

DIGITAL ASSETS (Tables)	9 Months Ended
	Mar. 31, 2024
DIGITAL ASSETS
Schedule of Company's significant Digital Asset holdings	Quantity Cost Basis Fair Value Bitcoin 22.79 $ 1,329,448 $ 1,625,424 Total digital assets held as of March 31, 2024 $ 1,329,448 $ 1,625,424
Schedule of presents a roll-forward of total digital assets	Fair Value Balance as of June 30, 2023 $ 447,425 Cumulative effect upon adoption of ASU 2023-08 47,360 Revenue recognized from Bitcoin mined 4,770,422 Proceeds from sale of Digital Assets (3,517,885 ) Operating expenses paid with Digital Assets (331,234 ) Amount due to related party paid with Digital Assets (297,138 ) Purchase of property and equipment with Digital Assets (36,750 ) Accrued interest on notes payable paid with Digital Assets (25,000 ) Change in fair value of Digital Assets 568,224 Balance as of March 31, 2024 $ 1,625,424 Realized gains for the nine months ended March 31, 2024 11,923 Fair Value Balance as of June 30, 2022 $ 72,885 Revenue recognized from Bitcoin mined 2,398,470 Proceeds from sale of Digital Assets (2,062,691 ) Operating expenses paid with Digital Assets (62,654 ) Realized (gain) loss on sale of digital assets (12,514 ) Balance as of March 31, 2023 $ 333,496

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	9 Months Ended
	Mar. 31, 2024
PROPERTY AND EQUIPMENT
Schedule of Property and equipment	March 31, 2024 June 30, 2023 Digital asset mining equipment $ 8,705,472 $ 8,668,025 Furniture and equipment 240,011 240,011 Total 8,945,483 8,908,036 Less accumulated depreciation and amortization (5,591,467 ) (3,608,202 ) Net $ 3,354,016 $ 5,299,834

IMPACTS OF ADOPTION OF ASU 20_2

IMPACTS OF ADOPTION OF ASU 2023-08 (Tables)	9 Months Ended
	Mar. 31, 2024
IMPACTS OF ADOPTION OF ASU 2023-08
Summary of the impacts of the adoption of ASU	For the three months ended September 30, 2023 Statements of Operations As previously reported Effects of adoption As adjusted Total Revenue 1,059,064 - 1,059,064 Realized gain (loss) on sale of digital assets (20,455 ) 15,625 (4,830 ) Change in fair value of digital assets - (60,325 ) (60,325 ) Operating income (loss) (8,991,693 ) (44,700 ) (9,036,393 ) Net income (loss) (9,035,177 ) (44,700 ) (9,079,877 ) Basic and diluted net income (loss) per share (2.73 ) (0.01 ) (2.74 ) Basic and diluted weighted average number of shares outstanding 3,308,818 - 3,608,818 For the three months ended December 31, 2023 Statements of Operations As previously reported Effects of adoption As adjusted Total Revenue 1,728,108 - 1,728,108 Realized gain (loss) on sale of digital assets 183,146 (180,965 ) 2,181 Change in fair value of digital assets - 175,741 175,741 Operating income (loss) (513,602 ) (5,224 ) (518,826 ) Net income (loss) (354,340 ) (5,224 ) (359,564 ) Basic and diluted net income (loss) per share (0.08 ) (0.01 ) (0.09 ) Basic and diluted weighted average number of shares outstanding 4,228,742 - 4,228,742 For the six months ended December 31, 2023 Statements of Operations As previously reported Effects of adoption As adjusted Total Revenue 2,787,172 - 2,787,172 Realized gain (loss) on sale of digital assets 162,691 (165,340 ) (2,649 ) Change in fair value of digital assets - 115,416 115,416 Operating income (loss) (9,505,294 ) (49,924 ) (9,555,218 ) Net income (loss) (9,389,517 ) (49,924 ) (9,439,441 ) Basic and diluted net income (loss) per share (2.49 ) (0.01 ) (2.50 ) Basic and diluted weighted average number of shares outstanding 3,768,780 - 3,768,780

ORGANIZATION BASIS OF PRESENT_2

ORGANIZATION BASIS OF PRESENTATION (Details Narrative)	9 Months Ended
	Mar. 31, 2024
ORGANIZATION BASIS OF PRESENTATION
Reverse split of common shares	On April 17, 2023, the Board of Directors of the Company approved a 1-for-125 reverse split of the Company’s common shares. The reverse split has been given retroactive effect in the financial statements for all periods presented

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($)	3 Months Ended						9 Months Ended
	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Mar. 31, 2024	Mar. 31, 2023
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Net income (loss)	$ 297,283	$ (359,564)	$ (9,079,877)	$ (1,766,615)	$ (763,597)	$ (786,382)	$ (9,142,158)	$ (3,316,594)
Less: preferred dividends	(72,277)
Net income available to common shareholders (numerator)	$ 225,006			$ (2,063,233)			$ (9,630,029)	$ (4,560,791)
Basic weighted average number of common shares outstanding	5,064,492
Dilutive impact of convertible preferred stock	13,233,588
Diluted weighted average number of common shares outstanding (denominator)	18,298,080
Diluted income per common share	$ 0.01

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1) - Carring Value [Member]	Mar. 31, 2024 USD ($)
Bitcoin (see NOTE 4)	$ 1,625,424
Level 3 [Member]
Bitcoin (see NOTE 4)	0
Level 1 [Member]
Bitcoin (see NOTE 4)	1,625,424
Level 2 [Member]
Bitcoin (see NOTE 4)	$ 0

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Cash equivalents	$ 0
Loss on disposition of property	$ (121,670)	$ (510,634)

GOING CONCERN (Details Narrativ

GOING CONCERN (Details Narrative) - USD ($)	Mar. 31, 2024	Jun. 30, 2023
GOING CONCERN
Accumulated Deficit	$ (82,684,536)	$ (73,101,867)
Current Liabilities Exceeded Current Assets	$ 1,290,415

DIGITAL ASSETS (Details)

DIGITAL ASSETS (Details) - Adoption of ASU 2023-08, Accounting for and Disclosure of Crypto Assets [Member]	Mar. 31, 2024 USD ($) $ / shares
Bitcoin Per Share Quantity | $ / shares	$ 22.79
Cost Basis [Member]
Bitcoin	$ 1,329,448
Total digital assets held as of March 31, 2024	1,329,448
Fair Value [Member]
Bitcoin	1,625,424
Total digital assets held as of March 31, 2024	$ 1,625,424

DIGITAL ASSETS (Details 1)

DIGITAL ASSETS (Details 1) - USD ($)	3 Months Ended			9 Months Ended
	Mar. 31, 2024	Sep. 30, 2023	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Digital assets, Beginning Balance		$ 447,425		$ 447,425
Cumulative effect upon adoption of ASU 2023-08		47,360		47,360
Operating expenses paid with Digital Assets	$ (1,662,799)		$ (3,192,147)	(13,842,498)	$ (5,449,882)
Purchase of property and equipment				(1,740)	$ 0
Digital assets, Ending Balance	1,625,424			1,625,424
Adoption of ASU 2023-08, Accounting for and Disclosure of Crypto Assets [Member]
Digital assets, Beginning Balance		$ 447,425		447,425
Cumulative effect upon adoption of ASU 2023-08				47,360
Revenue recognized from Bitcoin mined				4,770,422
Proceeds from sale of Digital Assets				(3,517,885)
Operating expenses paid with Digital Assets				(331,234)
Amount due to related party paid with Digital Assets				(297,138)
Purchase of property and equipment				(36,750)
Accrued interest on notes payable paid with Digital Assets				(25,000)
Change in fair value of Digital Assets				568,224
Digital assets, Ending Balance	$ 1,625,424			1,625,424
Realized gains for the nine months ended March 31, 2024				$ 11,923

DIGITAL ASSETS (Details 2)

DIGITAL ASSETS (Details 2) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Operating expenses paid with Digital Assets	$ (1,662,799)	$ (3,192,147)	$ (13,842,498)	$ (5,449,882)
Prior to Adoption of ASU 2023-08, Accounting for and Disclosure of Crypto Assets [Member]
Digital assets, Beginning Balance			72,885
Revenue recognized from Bitcoin mined			2,398,470
Proceeds from sale of Digital Assets			(2,062,691)
Operating expenses paid with Digital Assets			(62,654)
Realized (gain) loss on sale of digital assets			(12,514)
Digital assets, Ending Balance			$ 333,496

DIGITAL ASSETS (Details Narrati

DIGITAL ASSETS (Details Narrative) - Prior to Adoption of ASU 2023-08, Accounting for and Disclosure of Crypto Assets [Member]	9 Months Ended
	Mar. 31, 2024 USD ($)
Increase to digital assets	$ 47,360
Decrease to accumulated deficit	$ 47,360

PROPERTY AND EQUIPMENT (Details

PROPERTY AND EQUIPMENT (Details) - USD ($)	Mar. 31, 2024	Jun. 30, 2023
Property and Equipment, Total	$ 8,945,483	$ 8,908,036
Less accumulated depreciation and amortization	(5,591,467)	(3,608,202)
Property and Equipment, Net	3,354,016	5,299,834
Furniture and equipment [Member]
Property and Equipment, Total	240,011	240,011
Digital asset mining equipment [Member]
Property and Equipment, Total	$ 8,705,472	$ 8,668,025

PROPERTY AND EQUIPMENT (Detai_2

PROPERTY AND EQUIPMENT (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
PROPERTY AND EQUIPMENT
Depreciation and amortization expense	$ 692,654	$ 1,469,196	$ 2,171,938	$ 2,291,301
Loss on disposition of property			$ (121,670)	$ (510,634)

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended		9 Months Ended
	Apr. 30, 2022	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023	Jun. 30, 2023
Description of compensastion				Mr. Rubakh’s annual salary was $250,000 ($62,500 quarterly). In addition, $200,000 of bonuses ($100,000 during the six months ended December 31, 2023 and $100,000 during the three months ended March 31, 2024) were approved by the Board of Directors. Last, the Company issued to Mr. Rubakh 50,000 shares	Mr. Rubakh’s annual salary was $250,000 ($62,500 quarterly). In addition, $150,000 of bonuses ($50,000 quarterly) were approved by the Board of Directors. Last, the Company issued to Mr. Rubakh 150,000 shares (50,000 quarterly) of Series B convertible preferred stock valued on an “as converted to common” basis
Term Of The Agreement				36 months
Total compensation expense		$ 162,500	$ 257,500	$ 8,687,500	$ 835,000
Converted series B preferred stock into common stock, Value				8,300,000	497,500
Tioga [Member]
PowerExpense		0	$ 78,884	96,527	$ 259,315
Mr. Rubakh [Member]
short term advance		0		0		$ 118,150
Total Accrued salary and short term advances		3,584		3,584		415,288
Annual salary		250,000
Bonus		100,000		$ 100,000
Share converted series B preferred stock into common stock				20,000	902,630
Share series B preferred stock				2,000,000	722,104
Amount due to related party		118,150		$ 118,150
Series B convertible preferred stock issued				100	100
Accrued salary		$ 3,584		$ 3,584		$ 297,138
Advance payment to third party	$ 118,150

NOTES PAYABLE (Details Narrativ

NOTES PAYABLE (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended		9 Months Ended
	Jun. 15, 2022	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023	Jun. 30, 2023
Notes Payable		$ 500,000		$ 500,000		$ 500,000
Notes Payable Member
Interest expense for amortization		0	$ 8,636	0	$ 114,564
Interest payment				100,000	50,000
Repayment of accrued interest		$ 22,750	$ 27,605	$ 68,750	$ 139,381
Promissory Note [Member] | BHP Capital NY Inc [Member]
Notes Payable	$ 500,000
Interest charge	$ 130,000
Interest per annum	18%
Restricted common stock	16,000
Common stock market price	$ 123,200

MEZZANINE (Details Narrative)

MEZZANINE (Details Narrative) - USD ($)	1 Months Ended	9 Months Ended	12 Months Ended
	Feb. 19, 2021	Mar. 31, 2024	Jun. 30, 2023	Jan. 14, 2021
Common stock, shares issued		5,064,492	2,864,492
Accrued Series C preferred stock dividends		$ 2,133,081	$ 1,645,210
Series D Preferred Stock [Member]
Conversion price	$ 37.50
Accrued Series D preferred stock dividends		$ 1,754,874	$ 1,400,122
Preferred stock, shares authorized	4,000
Preferred stock, shares par value	$ 0.001
Cumulative dividends		12%
Preferred stock, shares stated value, per share	$ 1,100
Preferred stock, shares issued		3,000	3,000
Preferred stock, shares outstanding		3,000	3,000
Series C Convertible Preferred Stock [Member]
Preferred stock, shares authorized				3,000
Preferred stock, shares par value				$ 0.001
Cumulative dividends		12%
Preferred stock, shares stated value, per share				1,100
Common stock, shares exchanged		78,304
Dividends owed			$ 293,639
conversion price		$ 3.75		$ 8.50
Accrued Series C preferred stock dividends		$ 378,207	$ 245,088
Series A Common Stock [Member]
Common stock, shares issued		1,125	1,125
Preferred stock, shares outstanding		1,125	1,125

STOCKHOLDERS EQUITY (DEFICIT) (

STOCKHOLDERS EQUITY (DEFICIT) (Details Narrative) - USD ($)	1 Months Ended	9 Months Ended
	Dec. 21, 2015	Mar. 31, 2024	Mar. 31, 2023	Jun. 30, 2023	Dec. 31, 2022	Mar. 31, 2015
Common Stock, Shares Par Value		$ 0.001		$ 0.001
Common stock, shares authorized		300,000,000		300,000,000
Common stock, shares issued		5,064,492		2,864,492
Common Stock, Shares Outstanding		5,064,492		2,864,492
Series B Preferred Stock [Member]
Preferred Stock, Shares Par Value		$ 0.001		$ 0.001
Preferred Stock, Shares Authorized		1,000,000		1,000,000
Preferred stock, shares issued		130,000		100,000
Preferred Stock, Shares Outstanding		130,000		100,000
Series B Preferred Stock [Member] | Presidents [Member]
Issuance Of Common Shares In Conversion, Shares	500,000
Common Stock [Member]
Common Stock, Shares Par Value		$ 0.001		$ 0.001
Common stock, shares authorized		300,000,000		300,000,000
Common stock, shares issued		5,064,492		2,864,492
Common Stock, Shares Outstanding		5,064,492		2,864,492
Issuance of Common Stock		2,200,000	1,122,634
Series B convertible preferred stock issued			72,278,304
Issued in Conversion of Series B Preferred Stock, Shares		2,000,000	722,104
Purchase of bitcoin, shares		200,000
Purchase of bitcoin, fair value		$ 309,300	$ 293,639,234,215
Cash-less exercise of warrants at par value			$ 11,000
Conversion of Series B preferred stock at par value		$ 2,001			$ 23,488,000
Preferred Stock Series B [Member] | Mr. Rubakh [Member]
Share converted series B preferred stock into common stock		20,000	902,630
Share series B preferred stock		2,000,000	722,104
Shares Issued Series B convertible preferred stock		50,000	150,000
Shares Issued Series B convertible preferred stock, value		$ 8,300,000	$ 497,500
Convertible Prefreed Stock Shares Issuable Upon Conversion Of Common Stock		100		100
Series A Preferred Stock [Member]
Preferred Stock, Shares Par Value						$ 0.001
Preferred Stock, Shares Authorized		1,000,000		1,000,000		1,000,000
Preferred stock, shares issued		500,000		500,000
Preferred Stock, Shares Outstanding		500,000		500,000
Preferred stock voting rights		1,000
Preferred Stock Series B [Member]
Preferred Stock, Shares Par Value	$ 0.001
Number of authorized shares increased	1,000,000
Preferred Stock, Shares Stated Value	$ 0.001
Common Stock Shares Issuable Upon Conversion Of Preferred Stock	100

WARRANTS (Details Narrative)

WARRANTS (Details Narrative) - USD ($)		1 Months Ended		3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 13, 2022	Jan. 19, 2023	Sep. 15, 2022	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023	Apr. 30, 2021	Feb. 28, 2021
Cash-less exercise of warrants							240,000
Fair value of the Purchaser's Warrants		$ 93,337
Exercise of warrants							234,215
Dividend due			$ 162,037
Loss on exercise of warrant				$ 0	$ (11,000)	$ 0	$ (11,000)
Warrant [Member]
Cash-less exercise of warrants							88,000
Exercise of warrants							88,000
Loss on exercise of warrant							$ (11,000)
Warrant Purchase Agreements One [Member]
Warrant exercise price	$ 0.125	$ 0.125	$ 0.125
Warrant purchaser	120,000	88,000,000	120,000					240,000,000	88,000,000

IMPACTS OF ADOPTION OF ASU 20_3

IMPACTS OF ADOPTION OF ASU 2023-08 (Details) - USD ($)	3 Months Ended						6 Months Ended	9 Months Ended
	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Dec. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Total Revenue	$ 1,983,250			$ 1,472,813				$ 4,770,422	$ 2,398,470
Change in fair value of digital assets	(452,808)			0				(568,224)	0
Operating income (loss)	320,451			(1,719,334)				(9,072,076)	(3,051,412)
Net income (loss)	$ 297,283	$ (359,564)	$ (9,079,877)	$ (1,766,615)	$ (763,597)	$ (786,382)		$ (9,142,158)	$ (3,316,594)
Accounting Standards Update 2023-08 [Member]
Total Revenue		1,728,108	1,059,064				$ 2,787,172
Realized gain (loss) on sale of digital assets		2,181	(4,830)				(2,649)
Change in fair value of digital assets		175,741	(60,325)				115,416
Operating income (loss)		(518,826)	(9,036,393)				(9,555,218)
Net income (loss)		$ (359,564)	$ (9,079,877)				$ (9,439,441)
Basic and diluted net income (loss) per share		$ (0.09)	$ (2.74)				$ (2.50)
Basic and diluted weighted average number of shares outstanding		4,228,742	3,608,818				3,768,780
Previously Reported [Member] | Accounting Standards Update 2023-08 [Member]
Total Revenue		$ 1,728,108	$ 1,059,064				$ 2,787,172
Realized gain (loss) on sale of digital assets		183,146	(20,455)				162,691
Change in fair value of digital assets		0	0				0
Operating income (loss)		(513,602)	(8,991,693)				(9,505,294)
Net income (loss)		$ (354,340)	$ (9,035,177)				$ (9,389,517)
Basic and diluted net income (loss) per share		$ (0.08)	$ (2.73)				$ (2.49)
Basic and diluted weighted average number of shares outstanding		4,228,742	3,308,818				3,768,780
Revision of Prior Period, Adjustment [Member] | Accounting Standards Update 2023-08 [Member]
Total Revenue		$ 0	$ 0				$ 0
Realized gain (loss) on sale of digital assets		(180,965)	15,625				(165,340)
Change in fair value of digital assets		175,741	(60,325)				115,416
Operating income (loss)		(5,224)	(44,700)				(49,924)
Net income (loss)		$ (5,224)	$ (44,700)				$ (49,924)
Basic and diluted net income (loss) per share		$ (0.01)	$ (0.01)				$ (0.01)