GenFlat (GFLT) 10-K 30 Sep 24 2024 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Jun. 30, 2024	Sep. 30, 2024	Dec. 31, 2023
Cover [Abstract]
Entity Registrant Name	GenFlat Holdings, Inc.
Entity Central Index Key	0001796949
Document Type	10-K
Amendment Flag	false
Entity Voluntary Filers	No
Current Fiscal Year End Date	--06-30
Entity Well Known Seasoned Issuer	No
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	true
Entity Current Reporting Status	Yes
Document Period End Date	Jun. 30, 2024
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2024
Entity Ex Transition Period	false
Entity Common Stock Shares Outstanding		10,604,524
Entity Public Float			$ 31,089,426
Document Annual Report	true
Document Transition Report	false
Document Fin Stmt Error Correction Flag	false
Entity File Number	000-56214
Entity Incorporation State Country Code	DE
Entity Tax Identification Number	84-3639946
Entity Address Address Line 1	1983 N Berra Blvd
Entity Address City Or Town	Tooele
Entity Address State Or Province	UT
Entity Address Postal Zip Code	84074
City Area Code	435
Icfr Auditor Attestation Flag	false
Local Phone Number	830-6979
Entity Interactive Data Current	Yes
Auditor Firm Id	2738
Auditor Name	M&K CPAS, PLLC
Auditor Location	The Woodlands, TX

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Current Assets:
Cash	$ 38,971	$ 278,756
Accounts receivable	5,235	0
Prepaid expenses	0	477,000
Total current assets	44,206	755,756
Property and equipment, net	1,208	2,212
Right of use asset, operating lease	8,127	8,011
Intangible assets, net	81,115	113,739
Rental inventory, net	1,660,720	0
Total Assets	1,795,376	879,718
Current Liabilities:
Accounts payable and accrued liabilities	104,980	30,231
Notes payable - related party	105,000	0
Related party advances	8,731	8,731
Right of use liability, operating lease, current	8,127	8,127
Total current liabilities	226,838	47,089
Notes payable	50,500	125,000
Total Liabilities	277,338	172,089
Commitments and contingencies	0	0
Stockholders' Equity:
Common stock, $0.001 par value, 25,000,000 shares authorized, 10,548,191 and 10,205,195 shares issued and outstanding, respectively	10,548	10,205
Additional paid-in capital	4,615,732	2,583,395
Subscription payable	0	50,000
Accumulated deficit	(3,150,354)	(1,935,971)
Total Stockholders' equity attributable to GenFlat Holdings, Inc.	1,475,926	707,629
Noncontrolling interest	42,112	0
Total stockholders' equity	1,518,038	707,629
Total Liabilities and Stockholders' Equity	$ 1,795,376	$ 879,718

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2024	Jun. 30, 2023
Consolidated Balance Sheets
Common stock, par value	$ 0.001	$ 0.001
Common stock, authorized	25,000,000	25,000,000
Common stock, issued	10,548,191	10,205,195
Common stock, outstanding	10,548,191	10,205,195

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Operating expenses:
Revenue	$ 5,234	$ 0
Cost of revenue	168,540	0
Gross profit	(163,306)
Research and development	0	395,713
General and administrative	1,069,424	478,081
Total operating expenses	1,069,424	873,794
Loss from operations	(1,232,730)	(873,794)
Other income (expense):
Interest expense	(1,961)	(3,234)
Other income	2,023	1,207
Total other income (expense)	62	(2,027)
Net loss	(1,232,668)	(875,821)
Noncontrolling interest	(18,285)	0
Net loss attributable to GenFlat Holdings, Inc.	$ (1,214,383)	$ (875,821)
Loss per share - basic and diluted attributable to GenFlat Holdings, Inc.	$ (0.12)	$ (0.09)
Loss per share - basic and diluted attributable to noncontrolling interest.	$ 0	$ 0
Weighted average shares outstanding - basic and diluted	10,438,400	9,926,322

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($)	Total	Common Stock	Additional Paid-In Capital	Stock Payable [Member]	Accumulated Deficit	Total Including Noncontrolling Interest [Member]	Noncontrolling Interest
Balance, shares at Jun. 30, 2022		8,940,597
Balance, amount at Jun. 30, 2022	$ 441,450	$ 8,941	$ 1,492,659	$ 0	$ (1,060,150)	$ 441,450	$ 0
Recapitalization, shares		993,400
Recapitalization, amount	0	$ 993	(993)			0
Common stock sold for cash, shares		271,198
Common stock sold for cash, amount	1,142,000	$ 271	1,091,729	50,000	0	1,142,000
Net loss	(875,821)				(87,581)	(875,821)
Balance, shares at Jun. 30, 2023		10,205,195
Balance, amount at Jun. 30, 2023	707,629	$ 10,205	2,583,395	50,000	(1,935,971)	707,629	0
Recapitalization, shares		103,030
Recapitalization, amount	(246,223)	$ 103	(246,326)	0	0	(246,223)	0
Common stock sold for cash, shares		531,295
Common stock sold for cash, amount	2,289,300	$ 531	2,338,769	(50,000)	0	2,289,300	0
Net loss	(1,232,668)	$ 0	0	0	(1,214,383)	(1,214,383)	(18,285)
Issuance of common stock for reverse stock split, shares		6,691
Issuance of common stock for reverse stock split, amount	0	$ 7	(7)	0	0	0	0
Reclassification of noncontrolling interest, shares		(298,020)
Reclassification of noncontrolling interest, amount	0	$ (298)	(60,099)	0	0	(60,397)	60,397
Balance, shares at Jun. 30, 2024		10,548,191
Balance, amount at Jun. 30, 2024	$ 1,518,038	$ 10,548	$ 4,615,732	$ 0	$ (3,150,354)	$ 1,475,926	$ 42,112

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash Flows from Operating Activities:
Net loss	$ (1,232,668)	$ (875,821)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization expense	33,628	32,395
Rental inventory - depreciation expense	79,500	0
Amortization of right of use assets	(116)	12,679
Changes in operating assets and liabilities:
Accounts receivable	(5,235)	0
Prepaid expenses	477,000	(477,000)
Rental inventory	(1,740,220)	0
Accounts payable and accrued liabilities	(43,008)	26,264
Right of use liabilities	0	(12,879)
Net cash used in operating activities	(2,431,119)	(1,294,362)
Cash Flows from Investing Activities:
Capitalized patent costs	0	(1,300)
Purchases of property and equipment	0	(2,413)
Net cash used in investing activities	0	(3,713)
Cash Flows from Financing Activities:
Repayment on notes payable	(74,500)	0
Repayment of line of credit	(128,466)	0
Repayment of notes payable - related party	(100,000)	0
Proceeds from notes payable - related party	205,000	0
Proceeds from sale of common stock	2,289,300	1,142,000
Net cash provided by financing activities	2,191,334	1,142,000
Net change in cash	(239,785)	(156,075)
Cash, at beginning of period	278,756	434,831
Cash, at end of period	38,971	278,756
Supplemental disclosures of cash flow information:
Cash paid for interest	0	0
Cash paid for income taxes	$ 0	$ 0

NATURE OF BUSINESS AND GOING CO

NATURE OF BUSINESS AND GOING CONCERN	12 Months Ended
	Jun. 30, 2024
NATURE OF BUSINESS AND GOING CONCERN
NATURE OF BUSINESS AND GOING CONCERN	NOTE 1. NATURE OF BUSINESS AND GOING CONCERN On September 9, 2019 (commencement of operations), GenFlat Holdings, Inc. (formerly Healthcare Business Resources Inc.), a domestic corporation was organized in Delaware to provide consulting services to healthcare organizations. Unless the context otherwise requires, all references to “ GenFlat Company we our us On October 18, 2023, the Company entered into a Share Exchange Agreement (“Share Exchange Agreement”) with GenFlat, Inc . GenFlat, Inc. The Share Exchange Agreement closed on December 20, 2023. Pursuant to the Share Exchange Agreement, and on the terms and subject to the conditions contained therein, at the closing, the Company acquired 97.22% of the outstanding shares of common stock of GenFlat, Inc. from GenFlat, Inc. stockholders who were a party to the Share Exchange Agreement in exchange for 1,043,847,000 shares of common stock of the Company. Additionally, 11,000,000 shares of outstanding Company common stock were canceled, resulting in 1,054,150,000 shares of common stock issued and outstanding as of the closing date. As a result of the closing of the Share Exchange Agreement, the Company discontinued all aspects of its health care consulting business, and the Company is now focused on developing the GenFlat business plan. GenFlat is a start-up company that developed a more sustainable collapsible marine container, replacing traditional standard marine containers. GenFlat operates as a container sales and leasing company and supplies GenFlat’s patented marine container primarily to shipping line customers under a variety of short and long-term lease structures. In accordance with “reverse acquisition” accounting treatment, the historical financial statements of GenFlat, Inc. as of period ends, and for periods ended, prior to the acquisition became the historical financial statements of the Company in all future filings with the SEC, and the Company’s fiscal year end became June 30. All prior period information presented within this filing is of GenFlat, Inc. historical operations. The Company changed its name from Healthcare Business Resources Inc. to GenFlat Holdings, Inc. to better reflect its new business operations. Unless the context otherwise requires, all references to “ GenFlat Company we our us Liquidity and Going Concern These consolidated financial statements have been prepared in accordance with generally accepted accounting principles applicable to a going concern, which assumes that the Company will be able to meet its obligations and continue its operations for its next fiscal year. Realization values may be substantially different from carrying values as shown and these financial statements do not give effect to adjustments that would be necessary to the carrying values and classification of assets and liabilities should the Company be unable to continue as a going concern. At June 30, 2024 the Company had not yet achieved consistent profitable operations and expects to incur further losses in the development of its business, all of which raise substantial doubt about the Company’s ability to continue as a going concern. The Company’s ability to continue as a going concern is dependent upon its ability to generate future profitable operations and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management has initiated a formal sales and marketing plan including direct email campaigns, industry events, and business to business digital advertising to generate sales. The Company also intends to raise funds through an equity offering to meet the capital requirements to manufacturer its products. However, there is no assurance of additional funding being available through these plans or other sources.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Jun. 30, 2024
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying audited consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United Stated of America (“U.S. GAAP”) and, as such, include amounts based on judgments, estimates, and assumptions made by management that affect the reported amounts of assets and liabilities and contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Principles of Consolidation The accompanying consolidated financial statements include the accounts of the Company and its majority owned subsidiary, GenFlat, Inc, and its wholly-owned subsidiaries Collapsible Revolution, LLC, and Sub Oceanic Genflat LLC. All intercompany accounts, transactions and balances have been eliminated in consolidation. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Cash and Cash Equivalents Cash and cash equivalents include cash on hand, demand deposits with banks and liquid investments with an original maturity of three months or less. Rental Inventory Rental inventory consists of collapsible marine shipping containers. Rental inventory is stated at cost, net of related discounts, with an estimated useful life of 10 years. Generally, when rental equipment is acquired, the Company estimates the period that it will hold the asset, primarily based on historical measures of the amount of rental activity (e.g. equipment usage) and the targeted age of equipment at the time of disposal. The Company also estimates the residual value of the applicable rental equipment at the expected time of disposal. The residual value for rental equipment is affected by factors which include equipment age and amount of usage. Depreciation is recorded over the estimated holding period. Depreciation rates are reviewed on a quarterly basis based on management's ongoing assessment of present and estimated future market conditions, their effect on residual values at the time of disposal and the estimated holding periods. Market conditions for used equipment sales can also be affected by external factors such as the economy, natural disasters, fuel prices, supply of similar used equipment, the market price for similar new equipment and incentives offered by manufacturers of new equipment. These key factors are considered when estimating future residual values and assessing depreciation rates. As a result of this ongoing assessment, the Company makes periodic adjustments to depreciation rates of rental equipment in response to changed market conditions. Long-Lived Assets The Company amortizes acquired definite-lived intangible assets over their estimated useful lives. Other indefinite-lived intangible assets are not amortized but subject to annual impairment tests. In accordance with ASC 360 “Property Plant and Equipment,” the Company reviews the carrying value of intangibles subject to amortization and long-lived assets for impairment at least annually or whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of long-lived assets is measured by comparison of its carrying amount to the undiscounted cash flows that the asset or asset group is expected to generate. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the property, if any, exceeds its fair market value. Impairment of Long-lived Assets Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable through the estimated undiscounted cash flows expected to result from the use and eventual disposition of the assets. Whenever any such impairment exists, an impairment loss will be recognized for the amount by which the carrying value exceeds the fair value. Revenue Recognition The Company is principally engaged in the business of renting equipment. Equipment rental revenue includes revenue generated from renting equipment to customers and is recognized on a straight-line basis over the length of the rental contract. As part of this straight-line methodology, when the equipment is returned, the Company recognizes as incremental revenue the excess, if any, between the amount the customer is contractually required to pay, which is based on the rental contract period applicable to the actual number of days the equipment was out on rent, over the cumulative amount of revenue recognized to date. In any given accounting period, the Company will have customers return equipment and be contractually required to pay more than the cumulative amount of revenue recognized to date under the straight-line methodology. Also included in equipment rental revenue is re-rent revenue in which the Company will rent specific pieces of equipment from vendors and then re-rent that equipment to its customers. Provisions for discounts, rebates to customers and other adjustments are provided for in the period the related revenue is recorded. The Company’s sale of rental and new equipment, parts and supplies to customers are recognized under ASC Topic 606, Revenue from Contracts with Customers, Basic and Diluted Loss Per Share In accordance with ASC 260 “Earnings per Share,” basic net loss per common share is computed by dividing net loss for the period by the weighted average number of common shares outstanding during the period. Diluted net loss per share is computed by dividing the net loss for the period by the weighted average number of common and common equivalent shares, such as stock options and warrants, outstanding during the period. Such common equivalent shares have not been included in the computation of net loss per share as their effect would be anti-dilutive. Income Taxes The Company accounts for income taxes in accordance with ASC 740, which requires an asset and liability approach for financial accounting and reporting for income taxes and allows recognition and measurement of deferred tax assets based upon the likelihood of realization of tax benefits in future years. Under the asset and liability approach, deferred taxes are provided for the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. A valuation allowance is provided for deferred tax assets if it is more likely than not these items will either expire before the Company is able to realize their benefits, or that future deductibility is uncertain. Tax benefits of uncertain tax positions are recorded only where the position is “more likely than not” to be sustained based on their technical merits. The amount recognized is the amount that represents the largest amount of tax benefit that is greater than 50% likely of being ultimately realized. A liability is recognized for any benefit claimed or expected to be claimed, in a tax return in excess of the benefit recorded in the financial statements, along with any interest and penalty (if applicable) in such excess. The Company has no uncertain tax positions as of June 30, 2024, or June 30, 2023. Fair Value of Financial Instruments The carrying value of short-term instruments, including cash, accounts receivable, rental inventory, prepaid expenses, accounts payable and accrued expenses, and notes payable approximate fair value due to the relatively short period to maturity for these instruments. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value maximize the use of observable inputs and minimize the use of unobservable inputs. The Company utilizes a three-level valuation hierarchy for disclosures of fair value measurements, defined as follows: Level 1 - inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. Level 2 - inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the assets or liability, either directly or indirectly, for substantially the full term of the financial instruments. Level 3 - inputs to the valuation methodology are unobservable and significant to the fair value. The Company does not have any assets or liabilities that are required to be measured and recorded at fair value on a recurring basis. Stock-Based Compensation Accounting Standards Codification (“ASC”) 718, “Accounting for Stock-Based Compensation” established financial accounting and reporting standards for stock-based compensation plans. It defines a fair value-based method of accounting for an employee stock option or similar equity instrument. Accordingly, employee share-based payment compensation is measured at the grant date, based on the fair value of the award, and is recognized as an expense over the requisite service period. The valuation of employee stock options is an inherently subjective process, since market values are generally not available for long-term, non-transferable employee stock options. Accordingly, the Black-Scholes option pricing model is utilized to derive an estimated fair value. The Black-Scholes pricing model requires the consideration of the following six variables for purposes of estimating fair value: Expected Dividends Expected Volatility Risk-Free Interest Rate Expected Term. Stock Option Exercise Price and Grant Date Price of Common Stock The Company accounts for compensation cost for stock option plans and for share based payments to non-employees in accordance with ASC 505, “Accounting for Equity Instruments Issued to Non-Employees for Acquiring, or in Conjunction with Selling, Goods or Services”. Share-based awards to non-employees are expensed over the period in which the related services are rendered at their fair value. Research and Development Costs Research and development costs are expensed as incurred. Leases The Company accounts for leases under ASC 842 - Leases Operating lease ROU assets and operating lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at commencement date, adjusted by the deferred rent liabilities at the adoption date. Short-term leases of one year or less are not recognized as ROU assets and liabilities. If our leases do not provide an implicit rate, we use our estimated incremental borrowing rate based on the information available at commencement date in determining the present value of future payments. The operating lease ROU asset also includes any lease payments made and excludes lease incentives and initial direct costs incurred. Our terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Operating lease expense is recognized on a straight-line basis over the lease term. Recent Accounting Pronouncements The Company does not believe that any recently issued effective pronouncements, or pronouncements issued but not yet effective, if adopted, would have a material effect on the accompanying consolidated financial statements.

INTANGIBLE ASSETS, NET

INTANGIBLE ASSETS, NET	12 Months Ended
	Jun. 30, 2024
INTANGIBLE ASSETS, NET
INTANGIBLE ASSETS, NET	NOTE 3. INTANGIBLE ASSETS, NET On March 26, 2021, the Company acquired a group of patents related to the container design and functionality for a purchase price of $185,000. The Company paid $60,000 in cash and issued a $125,000 note payable for the transaction. The patents acquired are recognized as a long-lived intangible asset and are amortized over their estimated useful lives. The following table represents the balances of intangible assets as of June 30, 2024 and June 30, 2023: Estimated life June 30, 2024 June 30, 2023 Patent costs 5.75 years $ 186,300 $ 186,300 186,300 186,300 Accumulated Amortization (105,185 ) (72,561 ) Net Intangible $ 81,115 $ 113,739 During the years ended June 30, 2024 and June 30, 2023, the Company recognized amortization expense of $32,624 and $32,194 respectively, on the intangible assets.

RENTAL INVENTORY, NET

RENTAL INVENTORY, NET	12 Months Ended
	Jun. 30, 2024
RENTAL INVENTORY, NET
RENTAL INVENTORY, NET	NOTE 4. RENTAL INVENTORY, NET During the year ended June 30, 2024, the Company developed and built its collapsible containers and actuators used to collapse the marine containers. The containers purchased are recognized as rental inventory and are depreciated over their estimated useful lives. As of June 30, 2024 and 2023, rental inventory consists of the following: Estimated life June 30, 2024 June 30, 2023 Collapsible Containers 10 years $ 1,590,000 $ - Actuators 10 years 150,220 - 1,740,220 - Accumulated Depreciation (79,500 ) - Rental Inventory, net $ 1,660,720 $ - Depreciation on rental inventory of $79,500 and $0 was recognized during the years ended June 30, 2024 and June 30, 2023, respectively and is included in costs of goods sold on the accompanying consolidated statements of operations.

LEASES

LEASES	12 Months Ended
	Jun. 30, 2024
LEASES
LEASES	NOTE 5. LEASES The Company maintains an operating lease for its office space. The lease has a remaining term of 7 months. The Company determines if an arrangement is a lease at inception. As the rate implicit in each lease is not readily determinable, the Company uses its incremental borrowing rate based on information available at commencement to determine the present value of the lease payments. Right-of-use assets and lease liabilities are recognized at commencement date based on the present value of lease payments over the lease term. Leases with an initial term of 12 months or less (“short-term leases”) are not recorded on the balance sheet and are recognized on a straight-line basis over the lease term. The amount of right-of-use assets and lease liabilities were $8,127 and $8,127 as of June 30, 2024 and $8,011 and $8,127, respectively as of June 30, 2023. Aggregate lease expense for the years ended June 30, 2024, and 2023 was $10,800 and $10,650, respectively. Remaining Term in Operating Lease Years 2025 8,400 2026 - Total lease payments 8,400 Less: imputed interest (273 ) Present value of lease liability 8,127 0.58

DEBT

DEBT	12 Months Ended
	Jun. 30, 2024
DEBT
DEBT	NOTE 6. DEBT Senior Secured Convertible Credit Line On July 1, 2022, the Company entered a secured convertible note up to $100,000. The secured convertible note matures on July 1, 2023 and bears interest at 8% per annum. The convertible note is secured by 110,000 shares of the Company’s common stock held by the Company’s CEO. In the event of an event of default on the note, at the option of the holder, the note can be converted into shares of the Company’s common stock at the conversion price of $0.01 per share. On July 12, 2023, the Company amended the secured convertible note of $100,000 issued on July 1, 2022. The amended secured convertible note was increased to $150,000 and is due on January 1, 2024. Following the Share Exchange, the Company repaid and extinguished the secured convertible note and accrued interest in full as of June 30, 2024. Note Payable On March 26, 2021, the Company entered into a promissory note agreement with a third party for a total principal of $125,000. The Company will pay 2.5% per annum, compounded annually until the total principal is paid in full. The note has no maturity date and no default interest rate. During the year ended June 30, 2024, the Company repaid $74,500. As of June 30, 2024, and June 30, 2023, the balance owed on the note was $50,500 and $125,000, respectively. Accrued interest on the note was $8,607 and $7,201 as of June 30, 2024, and June 30, 2023, respectively. Note Payable – related party During the year ended June 30, 2024, the Company entered into three promissory note agreements with a related party for a total principal of $205,000. The Company will pay 2.5% per annum, until the total principal is paid in full. The note has no maturity date and no default interest rate. During the year ended June 30, 2024, the Company repaid $100,000. As of June 30, 2024, the balance owed on the note was $105,000. Accrued interest on the note was $260 as of June 30, 2024.

STOCKHOLDERS EQUITY

STOCKHOLDERS EQUITY	12 Months Ended
	Jun. 30, 2024
STOCKHOLDERS EQUITY
STOCKHOLDERS EQUITY	NOTE 7. STOCKHOLDERS’ EQUITY On September 8, 2023, the stockholders of Healthcare Business Resources Inc. approved an amendment (the “Amendment”) to Healthcare Business Resources Inc.’s Certificate of Incorporation to increase the total number of shares of common stock that it shall have authority to issue from 2,000,000 shares to 2,500,000,000shares. The Amendment was filed with the Secretary of the State of Delaware and became effective on October 16, 2023. Effective May 17, 2024, the Company effected a reverse split of its common stock at a ratio of one-for-one hundred (1:100) (the “Reverse Split”). The par value of the common stock will remain at $0.001 per share. The number of authorized shares of common stock after the Reverse Split is fixed at twenty-five million (25,000,000) shares of common stock. The Reverse Split is presented retroactively in these consolidated financial statements. During the year ended June 30, 2024, prior to closing of the Share Exchange, GenFlat sold a total of 564,628 shares of its common stock in exchange for net cash proceeds of $2,289,300. Of these shares, 33,333 were issued after June 30, 2024. GenFlat also returned $50,000 in cash to an investor who subscribed to shares during the year ended June 30, 2023. On October 18, 2023, the Company entered into the Share Exchange Agreement with GenFlat and GenFlat shareholders who owned 97.22% of the outstanding shares of common stock of GenFlat. Pursuant to the Share Exchange Agreement, all GenFlat shareholders who were parties to the Share Exchange Agreement received 10,438,470 shares of common stock of the Company in exchange for their shares of GenFlat common stock on a pro rata basis. The Share Exchange Agreement closed on December 20, 2023. Additionally, 110,000 shares of outstanding Company common stock were canceled, resulting in 10,541,500 shares of common stock issued and outstanding as of the Closing Date. The Share Exchange was accounted for as a reverse acquisition under ASC 805 due to the change in voting control of the legal acquirer. GenFlat was determined to be the accounting acquirer. As a result of the transaction, the Company has presented the historical operations of GenFlat prior to the merger in its consolidated financial statements. The balance sheet of HBR at the date of the Share Exchange Agreement consisted of the following: Accounts payable $ 107,880 Accrued interest 9,877 Senior Secured Convertible Credit line 128,466 Total liabilities assumed $ 246,223 Subsequent to the closing of the Share Exchange, the Company repaid the Senior Secured Convertible Credit Line and accrued interest in full. As a result of the Share Exchange, the Company recognized a noncontrolling interest related to the portion of GenFlat equity held by a shareholder not party to the Share Exchange agreement, representing 2.78% of outstanding GenFlat shares prior to the merger. Incentive Stock Options Pursuant to the Company’s 2020 Equity Incentive Plan, as amended, no more than 1,500,000 shares of Common Stock shall be available for the grant of Awards under the 2020 Equity Incentive Plan. During the terms of the Awards, the Company shall keep available at all times the number of shares of Common Stock required to satisfy such Awards. Shares available for future issuance under the 2020 Equity Plan is 1,500,000. The following table summarizes the stock option activity for the year ended June 30, 2024: Number of Weighted Average Exercise Price Options Per Share Outstanding at June 30, 2023 15,800 $ 57.00 Granted - - Exercised - - Cancelled and expired (7,700 ) 50.00 Forfeited and expired (8,100 ) 64.00 Outstanding at June 30, 2024 - $ - As of June 30, 2024, there were no stock options exercisable. Stock Warrants The following table summarizes the stock warrant activity for the year ended June 30, 2024: Number of Weighted Average Exercise Price Warrants Per Share Outstanding at June 30, 2023 14,000 $ 50.00 Granted - - Exercised - - Forfeited and expired (14,000 ) 50.00 Outstanding at June 30, 2024 - $ - As of June 30, 2024, there were no stock warrants exercisable.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Jun. 30, 2024
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS	NOTE 8. RELATED PARTY TRANSACTIONS From time to time, the Company’s CEO paid expenses on behalf of the Company. As of June 30, 2024, and June 30, 2023, the Company owed $8,731 in advances to the Company’s CEO. These advances were repaid in full by the Company in August 2024. The Company’s Chief Operating Officer is a family member of the CEO and receives an annual salary of $150,000. In May 2022, Collapsible Revolution, LLC entered into a consulting agreement with an advisor for consulting services related to public market listing of the Company. The Company paid $20,000 in cash to the consultant and agreed to pay an additional $20,000 upon filing of a prospectus, $25,000 upon effectiveness of such prospectus, and $25,000 upon public listing of the Company’s shares of common stock. The Company also agreed to issue 10% of the outstanding common shares of the Company to the consultant. The consultant formed GenFlat, Inc. in July 2022, and was its sole officer and Director until the closing of a reverse merger. The consultant held 1,000,000 shares of common stock of the Company that were issued at par value upon formation of GenFlat. At the time of the reverse merger, the consultant resigned as a Director and Officer, and amended the consulting agreement to remove the equity consideration described above. The consultant was paid $70,000 as a transaction fee as a result of the Share Exchange between GenFlat and the Company. This consultant was also a shareholder of the Company, and the holder of the Senior Secured Line of Credit. The Company maintains an operating lease for its office space. The lease has a remaining term of 7 months. The Company determines if an arrangement is a lease at inception. As the rate implicit in each lease is not readily determinable, the Company uses its incremental borrowing rate based on information available at commencement to determine the present value of the lease payments. Right-of-use assets and lease liabilities are recognized at commencement date based on the present value of lease payments over the lease term. Leases with an initial term of 12 months or less (“short-term leases”) are not recorded on the balance sheet and are recognized on a straight-line basis over the lease term. See Note 5. No member of management has benefited from the transactions with related parties. During the year ended June 30, 2024, the Company entered into three promissory note agreements with the Company’s Chairman and CEO Drew Hall for an aggregate principal amount of $205,000. The Company will pay 2.5% per annum, until the total principal is paid in full. The note has no maturity date and no default interest rate. During the year ended June 30, 2024, the Company repaid $100,000. As of June 30, 2024, the balance owed on the notes was $105,000. Accrued interest on the notes was $260 as of June 30, 2024.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Jun. 30, 2024
INCOME TAXES
INCOME TAXES	NOTE 9. INCOME TAXES The Company is subject to United States federal income taxes at an approximate rate of 21%. The reconciliation of the provision for income taxes at the United States federal statutory rate compared to the Company’s income tax expense as reported is as follows: The effective income tax rate for the years ended June 30, 2024 and 2023 consisted of the following: June 30, June 30, 2024 2023 Federal statutory income tax rate 21 % 21 % Change in valuation allowance (21 )% (21 )% Net effective income tax rate - - Our reconciliation between the expected federal income tax benefit computed by applying the federal statutory rate to our net loss and the actual benefit for taxes on net loss for 2024 and 2023 is as follows: June 30, 2024 2023 Expected federal income tax benefit at statutory rate before valuation allowance $ 255,020 $ 183,922 Less: Valuation allowance (255,020 ) (183,922 ) Income tax benefit $ - $ - The Company has current net operating loss carryforwards of approximately $3,100,000 as of June 30, 2024, to offset future taxable income, which expire beginning 2030. The components of the Company’s deferred tax asset are as follows: June 30, 2024 2023 Deferred tax assets: Net deferred tax assets before valuation allowance $ 661,574 $ 406,554 Less: Valuation allowance (661,574 ) (406,554 ) Net deferred tax assets $ - $ - Based on the available objective evidence, including the Company’s history of its loss, management believes it is more likely than not that the net deferred tax assets will not be fully realizable. Accordingly, the Company provided for a full valuation allowance against its net deferred tax assets at June 30, 2024 and 2023, respectively. In accordance with FASB ASC 740, the Company has evaluated its tax positions and determined there are no uncertain tax positions.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Jun. 30, 2024
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	NOTE 10. COMMITMENTS AND CONTINGENCIES Litigation From time to time, the Company may be subject to routine litigation, claims, or disputes in the ordinary course of business. In the opinion of management, no pending or known threatened claims, actions or proceedings against the Company are expected to have a material adverse effect on the Company’s financial position, results of operations or cash flows. The Company cannot predict with certainty, however, the outcome or effect of any litigation, investigatory matters, or claims. There can be no assurance as to the ultimate outcome of any lawsuits and investigations. Commitments On July 1, 2024, the Company entered six separate Advisory Committee Member Agreements and agreed to the following compensation in each agreement. a. Cash Compensation c. a. Equity Compensation The exercise price of the options will be the fair market value of a share of common stock on the date of grant.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Jun. 30, 2024
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	NOTE 11 – SUBSEQUENT EVENTS Management has evaluated events through September 3, 2024, the date these financial statements were available for issuance, and determined there were no events requiring disclosures, except as disclosed below. From time to time, the Company’s CEO paid expenses on behalf of the Company. As of June 30, 2024, the Company owed $8,731 in advances to the Company’s CEO. This balance was repaid in August 2024. Subsequent to June 30, 2024, the Company sold a total of 23,000 shares of common stock for total proceeds of $138,000. The Company also issued 33,333 shares of common stock related to subscriptions received during the year ended June 30, 2024.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Jun. 30, 2024
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Presantation	The accompanying audited consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United Stated of America (“U.S. GAAP”) and, as such, include amounts based on judgments, estimates, and assumptions made by management that affect the reported amounts of assets and liabilities and contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Principles of Consolidation	The accompanying consolidated financial statements include the accounts of the Company and its majority owned subsidiary, GenFlat, Inc, and its wholly-owned subsidiaries Collapsible Revolution, LLC, and Sub Oceanic Genflat LLC. All intercompany accounts, transactions and balances have been eliminated in consolidation.
Use of Estimates	The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
Cash and Cash equivalents	Cash and cash equivalents include cash on hand, demand deposits with banks and liquid investments with an original maturity of three months or less.
Rental Inventory	Rental inventory consists of collapsible marine shipping containers. Rental inventory is stated at cost, net of related discounts, with an estimated useful life of 10 years. Generally, when rental equipment is acquired, the Company estimates the period that it will hold the asset, primarily based on historical measures of the amount of rental activity (e.g. equipment usage) and the targeted age of equipment at the time of disposal. The Company also estimates the residual value of the applicable rental equipment at the expected time of disposal. The residual value for rental equipment is affected by factors which include equipment age and amount of usage. Depreciation is recorded over the estimated holding period. Depreciation rates are reviewed on a quarterly basis based on management's ongoing assessment of present and estimated future market conditions, their effect on residual values at the time of disposal and the estimated holding periods. Market conditions for used equipment sales can also be affected by external factors such as the economy, natural disasters, fuel prices, supply of similar used equipment, the market price for similar new equipment and incentives offered by manufacturers of new equipment. These key factors are considered when estimating future residual values and assessing depreciation rates. As a result of this ongoing assessment, the Company makes periodic adjustments to depreciation rates of rental equipment in response to changed market conditions.
Long-Lived Assets	The Company amortizes acquired definite-lived intangible assets over their estimated useful lives. Other indefinite-lived intangible assets are not amortized but subject to annual impairment tests. In accordance with ASC 360 “Property Plant and Equipment,” the Company reviews the carrying value of intangibles subject to amortization and long-lived assets for impairment at least annually or whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of long-lived assets is measured by comparison of its carrying amount to the undiscounted cash flows that the asset or asset group is expected to generate. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the property, if any, exceeds its fair market value.
Impairment of Long-lived Assets	Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable through the estimated undiscounted cash flows expected to result from the use and eventual disposition of the assets. Whenever any such impairment exists, an impairment loss will be recognized for the amount by which the carrying value exceeds the fair value.
Revenue Recognition	The Company is principally engaged in the business of renting equipment. Equipment rental revenue includes revenue generated from renting equipment to customers and is recognized on a straight-line basis over the length of the rental contract. As part of this straight-line methodology, when the equipment is returned, the Company recognizes as incremental revenue the excess, if any, between the amount the customer is contractually required to pay, which is based on the rental contract period applicable to the actual number of days the equipment was out on rent, over the cumulative amount of revenue recognized to date. In any given accounting period, the Company will have customers return equipment and be contractually required to pay more than the cumulative amount of revenue recognized to date under the straight-line methodology. Also included in equipment rental revenue is re-rent revenue in which the Company will rent specific pieces of equipment from vendors and then re-rent that equipment to its customers. Provisions for discounts, rebates to customers and other adjustments are provided for in the period the related revenue is recorded. The Company’s sale of rental and new equipment, parts and supplies to customers are recognized under ASC Topic 606, Revenue from Contracts with Customers,
Basic and Diluted Loss Per Share	In accordance with ASC 260 “Earnings per Share,” basic net loss per common share is computed by dividing net loss for the period by the weighted average number of common shares outstanding during the period. Diluted net loss per share is computed by dividing the net loss for the period by the weighted average number of common and common equivalent shares, such as stock options and warrants, outstanding during the period. Such common equivalent shares have not been included in the computation of net loss per share as their effect would be anti-dilutive.
Income Taxes	The Company accounts for income taxes in accordance with ASC 740, which requires an asset and liability approach for financial accounting and reporting for income taxes and allows recognition and measurement of deferred tax assets based upon the likelihood of realization of tax benefits in future years. Under the asset and liability approach, deferred taxes are provided for the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. A valuation allowance is provided for deferred tax assets if it is more likely than not these items will either expire before the Company is able to realize their benefits, or that future deductibility is uncertain. Tax benefits of uncertain tax positions are recorded only where the position is “more likely than not” to be sustained based on their technical merits. The amount recognized is the amount that represents the largest amount of tax benefit that is greater than 50% likely of being ultimately realized. A liability is recognized for any benefit claimed or expected to be claimed, in a tax return in excess of the benefit recorded in the financial statements, along with any interest and penalty (if applicable) in such excess. The Company has no uncertain tax positions as of June 30, 2024, or June 30, 2023.
Fair Value of Financial Instruments	The carrying value of short-term instruments, including cash, accounts receivable, rental inventory, prepaid expenses, accounts payable and accrued expenses, and notes payable approximate fair value due to the relatively short period to maturity for these instruments. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value maximize the use of observable inputs and minimize the use of unobservable inputs. The Company utilizes a three-level valuation hierarchy for disclosures of fair value measurements, defined as follows: Level 1 - inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. Level 2 - inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the assets or liability, either directly or indirectly, for substantially the full term of the financial instruments. Level 3 - inputs to the valuation methodology are unobservable and significant to the fair value. The Company does not have any assets or liabilities that are required to be measured and recorded at fair value on a recurring basis.
Stock-Based Compensation	Accounting Standards Codification (“ASC”) 718, “Accounting for Stock-Based Compensation” established financial accounting and reporting standards for stock-based compensation plans. It defines a fair value-based method of accounting for an employee stock option or similar equity instrument. Accordingly, employee share-based payment compensation is measured at the grant date, based on the fair value of the award, and is recognized as an expense over the requisite service period. The valuation of employee stock options is an inherently subjective process, since market values are generally not available for long-term, non-transferable employee stock options. Accordingly, the Black-Scholes option pricing model is utilized to derive an estimated fair value. The Black-Scholes pricing model requires the consideration of the following six variables for purposes of estimating fair value: Expected Dividends Expected Volatility Risk-Free Interest Rate Expected Term. Stock Option Exercise Price and Grant Date Price of Common Stock The Company accounts for compensation cost for stock option plans and for share based payments to non-employees in accordance with ASC 505, “Accounting for Equity Instruments Issued to Non-Employees for Acquiring, or in Conjunction with Selling, Goods or Services”. Share-based awards to non-employees are expensed over the period in which the related services are rendered at their fair value.
Research and Development Costs	Research and development costs are expensed as incurred.
Leases	The Company accounts for leases under ASC 842 - Leases Operating lease ROU assets and operating lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at commencement date, adjusted by the deferred rent liabilities at the adoption date. Short-term leases of one year or less are not recognized as ROU assets and liabilities. If our leases do not provide an implicit rate, we use our estimated incremental borrowing rate based on the information available at commencement date in determining the present value of future payments. The operating lease ROU asset also includes any lease payments made and excludes lease incentives and initial direct costs incurred. Our terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Operating lease expense is recognized on a straight-line basis over the lease term.
Recent Accounting Pronouncements	The Company does not believe that any recently issued effective pronouncements, or pronouncements issued but not yet effective, if adopted, would have a material effect on the accompanying consolidated financial statements.

INTANGIBLE ASSETS NET (Tables)

INTANGIBLE ASSETS NET (Tables)	12 Months Ended
	Jun. 30, 2024
INTANGIBLE ASSETS, NET
Schedule of intangible assets	Estimated life June 30, 2024 June 30, 2023 Patent costs 5.75 years $ 186,300 $ 186,300 186,300 186,300 Accumulated Amortization (105,185 ) (72,561 ) Net Intangible $ 81,115 $ 113,739

RENTAL INVENTORY, NET (Tables)

RENTAL INVENTORY, NET (Tables)	12 Months Ended
	Jun. 30, 2024
RENTAL INVENTORY, NET
Schedule of rental inventory	Estimated life June 30, 2024 June 30, 2023 Collapsible Containers 10 years $ 1,590,000 $ - Actuators 10 years 150,220 - 1,740,220 - Accumulated Depreciation (79,500 ) - Rental Inventory, net $ 1,660,720 $ -

STOCKHOLDERS EQUITY (Tables)

STOCKHOLDERS EQUITY (Tables)	12 Months Ended
	Jun. 30, 2024
STOCKHOLDERS EQUITY
Schedule of total liabilities assumed	Accounts payable $ 107,880 Accrued interest 9,877 Senior Secured Convertible Credit line 128,466 Total liabilities assumed $ 246,223
Schedule of stock option activity	Number of Weighted Average Exercise Price Options Per Share Outstanding at June 30, 2023 15,800 $ 57.00 Granted - - Exercised - - Cancelled and expired (7,700 ) 50.00 Forfeited and expired (8,100 ) 64.00 Outstanding at June 30, 2024 - $ -
Schedule of stock warrant activity	Number of Weighted Average Exercise Price Warrants Per Share Outstanding at June 30, 2023 14,000 $ 50.00 Granted - - Exercised - - Forfeited and expired (14,000 ) 50.00 Outstanding at June 30, 2024 - $ -

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Jun. 30, 2024
INCOME TAXES
Schedule of Income Tax Rate	June 30, June 30, 2024 2023 Federal statutory income tax rate 21 % 21 % Change in valuation allowance (21 )% (21 )% Net effective income tax rate - -
Summary of Deferred Tax Assets	June 30, 2024 2023 Expected federal income tax benefit at statutory rate before valuation allowance $ 255,020 $ 183,922 Less: Valuation allowance (255,020 ) (183,922 ) Income tax benefit $ - $ -

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	Jun. 30, 2024
LEASES
Schedule of lease expense	Remaining Term in Operating Lease Years 2025 8,400 2026 - Total lease payments 8,400 Less: imputed interest (273 ) Present value of lease liability 8,127 0.58

NATURE OF BUSINESS AND GOING _2

NATURE OF BUSINESS AND GOING CONCERN (Details Narrative) - shares	1 Months Ended
	Dec. 20, 2023	Jun. 30, 2024	Oct. 18, 2023	Jun. 30, 2023
Shares of common stock outstanding		10,548,191	10,438,470	10,205,195
Ownership percentage			97.22%
Shares of common stock issued		10,548,191	10,541,500	10,205,195
Shares of common stock canceled	110,000
Share Exchange Agreement [Member]
Shares of common stock outstanding	1,054,150,000
Ownership percentage			97.10%
Exchange shares of common stock	1,043,847,000
Shares of common stock issued	1,054,150,000
Shares of common stock canceled	11,000,000

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)	12 Months Ended
	Jun. 30, 2024
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Estimated useful life Inventory	10 years

INTANGIBLE ASSETS, NET (Details

INTANGIBLE ASSETS, NET (Details) - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
INTANGIBLE ASSETS, NET
Patent costs	$ 186,300	$ 186,300
Total Patent costs	186,300	186,300
Accumulated Amortization	(105,185)	(72,561)
Net Intangible	$ 81,115	$ 113,739
Estimated lifes	5 years 9 months

INTANGIBLE ASSETS, NET (Detai_2

INTANGIBLE ASSETS, NET (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Mar. 26, 2021
INTANGIBLE ASSETS, NET
Purchase price			$ 185,000
Amortization expense	$ 32,624	$ 32,194
Cash paid			60,000
Note payable issued	$ 50,500	$ 125,000	$ 125,000

RENTAL INVENTORY, NET (Details)

RENTAL INVENTORY, NET (Details) - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Accumulated Depreciation	$ (79,500)	$ 0
Rental inventory	1,740,220	0
Rental Inventory, net	1,660,720	0
Collapsible Containers
Rental inventory	$ 1,590,000	0
Rental inventory Estimated life	10 years
Actuators
Rental inventory	$ 150,220	$ 0
Rental inventory Estimated life	10 years

RENTAL INVENTORY, NET (Details

RENTAL INVENTORY, NET (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
RENTAL INVENTORY, NET
Depreciation on rental inventory	$ 79,500	$ 0

LEASES (Details)

LEASES (Details)	12 Months Ended
	Jun. 30, 2024 USD ($)
Estimated life	6 months 29 days
Opearting Lease [Member]
2025	$ 8,400
2026	0
Total lease payments	8,400
Less: imputed interest	(273)
Present value of lease liability	$ 8,127

LEASES (Details Narrative)

LEASES (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
LEASES
Operating Right-of-use assets	$ 8,127	$ 8,127
Lease liabilities	$ 8,011	8,127
Remaining term	7 months
Desription of operating lease	The Company maintains an operating lease for its office space
Lease expense	$ 10,800	$ 10,650

DEBT (Details Narrative)

DEBT (Details Narrative) - USD ($)		1 Months Ended		12 Months Ended
	Jul. 02, 2022	Dec. 20, 2023	Mar. 26, 2021	Jun. 30, 2024	Jun. 30, 2023
Shares of common stock canceled		110,000
Convertible notes payble	$ 100,000
Secured convertible note increased				$ 150,000
Repayments of Notes Payable				74,500	$ 0
Third Party Promissory Note [Member]
Principal amount			$ 125,000
Interest rate	8%		2.50%
Debt istrument, accrued interest				8,607	7,201
Notes payable, balance				$ 50,500	$ 125,000
Conversion price				$ 0.01
Repayments of Notes Payable			$ 74,500
Promissory Note [Member]
Principal amount				$ 205,000
Interest rate				2.50%
Debt istrument, accrued interest				$ 260
Notes payable, balance				105,000
Repayments of Notes Payable				$ 100,000
CEO [Member]
Shares of common stock canceled		110,000
Convertible note	$ 100,000

STOCKHOLDERS EQUITY (Details)

STOCKHOLDERS EQUITY (Details)	Jun. 30, 2024 USD ($)
STOCKHOLDERS EQUITY
Accounts payable	$ 107,880
Accrued interest	9,877
Senior secured convertible credit line	128,466
Total liabilities assumed	$ 246,223

STOCKHOLDERS EQUITY (Details 1)

STOCKHOLDERS EQUITY (Details 1)	12 Months Ended
	Jun. 30, 2024 $ / shares shares
STOCKHOLDERS EQUITY
Options outstanding, beginning | shares	15,800
Number of options Cancelled and expired | shares	(7,700)
Number of options forfeited and expired | shares	(8,100)
Weighted average exercise price outstanding, beginning	$ 57
Weighted average exercise price granted	0
Weighted average exercise price exercised	0
Weighted average exercise price Cancelled and expired	50
Weighted average exercise price forfeited and expired	64
Weighted average exercise price outstanding, ending	$ 0

STOCKHOLDERS EQUITY (Details 2)

STOCKHOLDERS EQUITY (Details 2)	12 Months Ended
	Jun. 30, 2024 $ / shares shares
Weighted average exercise price Per share, granted	$ 0
Number of options forfeited and expired | shares	(8,100)
Weighted average exercise price per share , exercised	$ 0
Warrant [Member]
Warrant outstanding, beginning | shares	14,000
Weighted average exercise price Per share, granted	$ 0
Number of options forfeited and expired | shares	(14,000)
Weighted average exercise price outstanding, beginning	$ 50
Weighted average exercise price per share , exercised	0
Weighted average exercise price outstanding, forfeited and expired	50
Weighted average exercise price outstanding, ending	$ 0

STOCKHOLDERS EQUITY (Details Na

STOCKHOLDERS EQUITY (Details Narrative) - USD ($)	1 Months Ended		12 Months Ended
	May 17, 2024	Dec. 20, 2023	Jun. 30, 2024	Jun. 30, 2023	Oct. 18, 2023
STOCKHOLDERS EQUITY
Shares of common stock sold			564,628
Ownership percentage					97.22%
Shares of common stock canceled		110,000
Common stock available for grant			1,500,000
Shares of common stock issued			10,548,191	10,205,195	10,541,500
Description related to issue of share	one-for-one hundred (1:100) (the “Reverse Split”). The par value of the common stock will remain at $0.001 per share. The number of authorized shares of common stock after the Reverse Split is fixed at twenty-five million (25,000,000) shares of common stock		it shall have authority to issue from 2,000,000 shares to 2,500,000,000shares
Cash proceed			$ 2,289,300
Cash returned to an investor				$ 50,000
Shares of common stock outstanding			10,548,191	10,205,195	10,438,470
Company acquisiton percentage			2.78%
Stock options exercisable	33,333		0

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)		12 Months Ended
	May 11, 2022	Jun. 30, 2024
Lease remaining term		7 months
Annual salary		$ 150,000
Transaction fee		$ 70,000
Company acquisiton percentage		10%
Advances from related party		$ 8,731
Debt instrument descriptions	The Company paid $20,000 in cash to the consultant and agreed to pay an additional $20,000 upon filing of a prospectus, $25,000 upon effectiveness of such prospectus, and $25,000 upon public listing of the Company’s shares of common stock
Common stock shares		1,000,000
Promissory Note Agreements
Aggregate principal amount		$ 205,000
Total principal is paid in percentage		2.50%
Promissory note repaid amonts		$ 100,000
Investment Owned, Balance, Principal Amount		105,000
Accrued interest on notes		$ 260

INCOME TAXES (Details)

INCOME TAXES (Details)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
INCOME TAXES
Federal statutory income tax rate	21%	21%
Change in valuation allowance	(21.00%)	(21.00%)
Net effective income tax rate	0%	0%

INCOME TAXES (Details 1)

INCOME TAXES (Details 1) - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
INCOME TAXES
Expected federal income tax benefit at statutory rate Net deferred tax assets before valuation allowance	$ 255,020	$ 183,922
Less: valuation allowance	(255,020)	(183,922)
Income tax benefit	$ 0	$ 0

INCOME TAXES (Details 2)

INCOME TAXES (Details 2) - USD ($)	Jun. 30, 2024	Jun. 30, 2023
INCOME TAXES
Net deferred tax assets before valuation allowance	$ 661,574	$ 406,554
Less: valuation allowance	(661,574)	(406,554)
Net deferred tax assets	$ 0	$ 0

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
INCOME TAXES
Current net operating loss carryforwards	$ 3,100,000
Fedral Income taxes rate	21%	21%

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative)	12 Months Ended
	Jun. 30, 2024 USD ($)
COMMITMENTS AND CONTINGENCIES
Equity Compensation Description	stock options for 100,000 shares of Company stock. The stock options will have an exercise price of $6.00 per share and vest as follows: 1) Fifty thousand (50,000) options will vest immediately; 2) Twenty-five thousand (25,000) options on the first anniversary of the agreement, and 3) Twenty-five thousand (25,000) options on the second anniversary of the agreement, in all cases subject to continued Advisory Committee service as of such vesting dates and pursuant to the Company’s standard Non-Qualified Stock Option Award Agreement. Vested stock options must be exercised within ten (10) years of the grant date
Cash Compensation	$ 5,000

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - USD ($)		12 Months Ended
	Sep. 03, 2024	Jun. 30, 2024
Common stock sold		564,628
Chief Executive Officer [Member] | Subsequent Event [Member]
Advances owed amunts	$ 8,731
Common stock sold	23,000
Proceeds from sale of Common stock	$ 138,000
Common stock related to subscriptions received	33,333