VIP Play (VIPZ) 10-K 23 Sep 24 2024 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Jun. 30, 2024	Sep. 23, 2024	Dec. 30, 2021
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2024
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--06-30
Entity File Number	000-56290
Entity Registrant Name	VIP Play, Inc.
Entity Central Index Key	0001832161
Entity Tax Identification Number	85-0738656
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	1645 Pine Tree Ln
Entity Address, Address Line Two	Suite 2
Entity Address, City or Town	Sarasota
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	34236
City Area Code	(866)
Local Phone Number	783-9435
Title of 12(g) Security	Common Stock, par value of $0.001
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Entity Shell Company	false
Entity Public Float			$ 0
Entity Common Stock, Shares Outstanding		71,994,990
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction [Flag]	false
Auditor Firm ID	606
Auditor Name	Grassi & Co., CPAs, P.C.
Auditor Location	Jericho, New York

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)		Jun. 30, 2024	Jun. 30, 2023
Current assets:
Cash		$ 221,754	$ 333,974
Cash reserved for users		228,009	21,422
Prepaid expenses and other current assets		795,663	1,194,288
Total current assets		1,245,426	1,549,684
Other assets:
Equipment, net		2,153	3,813
Intangible assets, net		6,760,295	8,067,198
Debt issuance costs, net		1,330,173	5,672,151
Security deposit		12,236	9,683
Total other assets		8,104,857	13,752,845
Total assets		9,350,283	15,302,529
Current liabilities:
Accounts payable and accrued expenses		1,408,729	1,219,018
Accrued expenses - related party		371,598	323,904
Players balances		313,758	134,946
Convertible notes, net		85,407
Line of credit - related party		7,670,000	3,851,877
Derivative liability	[1]	11,273,000	6,859,452
Total current liabilities		22,028,320	14,885,546
Long-term liabilities:
Notes payable - long-term		512,527	850,000
Total long-term liabilities		512,527	850,000
Total liabilities		22,540,847	15,735,546
Commitments and contingencies – Note 12
Stockholders’ deficit:
Common stock, $0.0001 par value, 475,000,000 shares authorized, 71,994,990 and 41,905,000 shares issued and outstanding as of June 30, 2024, and June 30, 2023, respectively		7,199	4,191
Additional paid-in capital		30,295,318	12,669,930
Accumulated deficit		(43,504,774)	(13,119,081)
Total stockholders’ deficit		(13,190,564)	(433,017)
Total liabilities and stockholders’ deficit		9,350,283	15,302,529
Series A Preferred Stock [Member]
Stockholders’ deficit:
preferred stock value
Series B Preferred Stock [Member]
Stockholders’ deficit:
preferred stock value		11,693	11,693
Series C Preferred Stock [Member]
Stockholders’ deficit:
preferred stock value			250
Nonrelated Party [Member]
Current liabilities:
Notes payable		875,828	1,189,694
Related Party [Member]
Current liabilities:
Notes payable		$ 30,000	$ 1,306,655
[1]The Company has estimated the fair value of these derivatives using the Monte-Carlo model.

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2024	Jun. 30, 2023
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	25,000,000	25,000,000
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	475,000,000	475,000,000
Common stock, shares issued	71,994,990	41,905,000
Common stock, shares outstanding	71,994,990	41,905,000
Series A Preferred Stock [Member]
Preferred stock, shares authorized	2,000,000	2,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Series B Preferred Stock [Member]
Preferred stock, shares authorized	12,000	12,000
Preferred stock, shares issued	11,693	11,693
Preferred stock, shares outstanding	11,693	11,693
Series C Preferred Stock [Member]
Preferred stock, shares authorized	6,700,000	6,700,000
Preferred stock, shares issued	0	2,499,998
Preferred stock, shares outstanding	0	2,499,998

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Defined Benefit Plan Disclosure [Line Items]
Negative gaming revenues	$ (1,098,374)	$ (36,789)
Cost of gaming revenue	1,320,380	46,820
Net gaming loss	(2,418,754)	(83,609)
Operating expenses:
Salaries and wages	4,358,140	5,477,939
General and administrative	2,834,698	1,880,658
Depreciation and amortization	1,785,522	104,484
Impairment of common control intangible assets		48,533
Sales and marketing	3,517,265	276,783
Total operating expenses	12,495,625	7,788,397
Other income (expense):
Other income		869
Loss on change in fair value of derivative	(9,532,758)	(970,760)
Loss on extinguishment of debt – related party	(798,873)
Total other expense	(15,471,314)	(3,456,490)
Net loss from continuing operations, net of income taxes	(30,385,693)	(11,328,496)
Net income (loss) from discontinued operations, net of income taxes		(9,380)
Net loss	(30,385,693)	(11,337,876)
Less: deemed dividend from the purchase of Series C preferred stock		(1,006,000)
Net loss attributable to common stockholders	$ (30,385,693)	$ (12,343,876)
Net loss per common share - basic	$ (0.55)	$ (0.32)
Net loss per common share - diluted	$ (0.55)	$ (0.32)
Weighted average number of common shares outstanding - basic	55,351,894	38,330,589
Weighted average number of common shares outstanding - diluted	55,351,894	38,330,589
Nonrelated Party [Member]
Other income (expense):
Interest expense	$ (284,780)	$ (31,887)
Related Party [Member]
Other income (expense):
Interest expense	$ (4,854,903)	$ (2,454,712)

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Deficit - USD ($)	Preferred Stock [Member] Series A Preferred Stock [Member]	Preferred Stock [Member] Series B Preferred Stock [Member]	Preferred Stock [Member] Series C Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Stock Subscriptions Receivable [Member]	Retained Earnings [Member]	Total
Balance at Jun. 30, 2022	$ 200	$ 11,693	$ 67	$ 2,980	$ 327,435	$ (102,760)	$ (775,205)	$ (535,590)
Balance, shares at Jun. 30, 2022	2,000,000	11,693	666,666	29,800,000
Receipt of cash from Issuance of preferred stock						102,760		102,760
Purchase and redemption of preferred stock for cash	$ (200)				(21,800)			(22,000)
Purchase and redemption of preferred stock for cash, shares	(2,000,000)
Issuance of common stock for cash				$ 411	2,767,089			2,767,500
Issuance of common stock for cash, shares				4,105,000
Issuance of common stock for acquisition of certain assets of ZenSports, Inc.				$ 650	6,499,350			6,500,000
Issuance of Common stock for acquisition of certain assets of ZenSports, shares				6,500,000
Issuance of common stock for common control acquisition of certain assets of Ultimate Gamer, LLC				$ 150	56,286			56,436
Issuance of common stock for common control acquisition of certain assets of Ultimate Gamer, LLC, shares				1,500,000
Issuance of preferred stock for cash			$ 216		649,784			650,000
Issuance of preferred stock for cash, shares			2,166,665
Issuance of preferred stock as compensation			$ 298		36,442			36,740
Issuance of preferred stock as compensation, shares			2,980,000
Amortization of preferred stock as compensation					857,260			857,260
Fair value of warrant issued as part of restated related party demand line of credit.					1,736,167			1,736,167
Deemed dividend on purchase of preferred stock			$ (331)		(993,669)		(1,006,000)	(2,000,000)
Deemed dividend on purchase of Preferred stock, shares			(3,313,333)
Fair value of warrant issued with related party note payable					485,017			485,017
Fair value of vested incentive stock options					270,569			270,569
Net loss for the period							(11,337,876)	(11,337,876)
Balance at Jun. 30, 2023		$ 11,693	$ 250	$ 4,191	12,669,930		(13,119,081)	(433,017)
Balance, shares at Jun. 30, 2023		11,693	2,499,998	41,905,000
Issuance of common stock for cash				$ 40	299,960			300,000
Issuance of common stock for cash, shares				400,000
Fair value of warrant issued as part of restated related party demand line of credit.					3,308,122			3,308,122
Fair value of vested incentive stock options					297,701			297,701
Net loss for the period							(30,385,693)	(30,385,693)
Issuance of common stock upon conversion of debt				$ 2,591	12,955,725			12,958,316
ssuance of common stock upon conversion of debt, shares				25,916,632
Issuance of common stock upon conversion of Series C Preferred Stock			$ (250)	$ 280	(30)
Issuance of common stock upon conversion of Series C Preferred Stock, shares			(2,499,998)	2,799,443
Issuance of common stock upon cashless exercise of warrants				$ 97	(97)
Issuance of common stock upon cashless exercise of warrants, shares				973,915
Fair value of warrant granted for consulting services					764,007			764,007
Balance at Jun. 30, 2024		$ 11,693		$ 7,199	$ 30,295,318		$ (43,504,774)	$ (13,190,564)
Balance, shares at Jun. 30, 2024		11,693		71,994,990

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	$ (30,385,693)	$ (11,337,876)
Adjustments to reconcile net loss to net cash used in operating activities:
Gain (loss) on assignment of assets		(4,698)
Depreciation and amortization	1,785,522	104,484
Amortization of debt issuance costs	3,559,088	1,952,708
Issuance of Series C preferred stock for services	764,007	894,000
Loss on sale of equipment		3,829
Impairment of common control intangible assets		48,533
Fair value of warrant issued with related party note payable		485,017
Fair value of vested incentive stock options	297,701	270,569
Discount on related party note payable	323,345	(323,345)
Change in fair value of derivative liability	9,532,758	970,760
Loss on extinguishment of debt – related party	798,873
Changes in operating assets and liabilities:
Prepaid expenses and other current assets	682,040	(1,201,677)
Accounts payable and accrued expenses	189,711	866,822
Accrued expenses - related party	972,470	299,920
Players balances	178,812	175,831
Net cash used in operating activities	(11,301,366)	(6,795,123)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of equipment		(4,980)
Proceeds from sale of equipment		3,500
Cash paid for capitalized software	(476,956)	(816,697)
Cash paid for capitalized gaming license		(135,837)
Cash paid for assets acquired in the ZenSports transaction		(750,000)
Net cash used in investing activities	(476,956)	(1,704,014)
CASH FLOWS FROM FINANCING ACTIVITIES
Cash paid for repurchase of Series A convertible preferred stock		(22,000)
Cash paid for repurchase of Series C convertible preferred stock		(300,000)
Proceeds from issuance of common stock	300,000	2,767,500
Proceeds from issuance of Series C convertible preferred stock		650,000
Proceeds from line of credit, related party	11,660,000	3,685,338
Proceeds from note payable, related party		1,600,000
Repayments of note payable, related party		(35,000)
Proceeds from convertible notes	850,000
Proceeds from note payable – current		377,438
Repayments of note payable - current	(937,311)	(37,744)
Cash received in satisfaction of stock subscriptions receivable		102,760
Net cash provided by financing activities	11,872,689	8,788,292
NET CHANGE IN CASH AND CASH RESERVED FOR USERS	94,367	289,155
CASH AND CASH RESERVED FOR USERS AT BEGINNING OF PERIOD	355,396	66,241
CASH AND CASH RESERVED FOR USERS AT THE END OF PERIOD	449,763	355,396
DISCLOSURE OF CASH AND CASH RESERVED FOR USERS:
CASH	221,754	333,974
CASH RESERVED FOR USERS	228,009	21,422
SUPPLEMENTAL INFORMATION:
Interest paid	119,738
NON-CASH FINANCING AND INVESTING ACTIVITIES:
Common stock issued for acquisition of assets of ZenSports Inc.		6,500,000
Common stock issued for common control transaction		56,436
Note payable issued for purchase of Series C convertible preferred stock		1,700,000
Insurance financing	285,971
Payoff of related party note payable with related party line of credit	1,760,000
Common stock issued upon conversion of debt	10,366,653
Derivative and warrants issued for deferred financing costs	1,404,771	7,624,859
Deemed dividends on purchase of Series C Convertible preferred stock		$ 1,006,000

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure [Table]
Net Income (Loss)	$ (30,385,693)	$ (11,337,876)

Insider Trading Policies and Pr

Insider Trading Policies and Procedures	12 Months Ended
	Jun. 30, 2024
Insider Trading Policies and Procedures [Line Items]
No insider trading flag	true

OVERVIEW AND ORGANIZATION & SUM

OVERVIEW AND ORGANIZATION & SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
OVERVIEW AND ORGANIZATION & SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 1 – OVERVIEW AND ORGANIZATION & SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Overview and Organization VIP Play, Inc. (the “Company,” “we”, “us” and “our”) was incorporated on April 16, 2020, under the laws of the State of Nevada, as VIP Play, Inc. The company has two wholly owned subsidiaries, one was formed on December 21, 2021, under the State of Nevada, as UG Acquisition Sub, Inc., the second KeyStar TN LLC was formed on December 9, 2022. Prior to September 20, 2024, we were known as KeyStar Corp. Currently the singular focus is on business-to-consumer (B2C) sports betting in one targeted jurisdiction, Tennessee. In May 2023, the Company received approval on its Tennessee Sports Gaming Operator license. The Company officially launched its Sports Betting operation in Tennessee in June 2023. Prior to September 15, 2022, our business consisted of the retail sale of masks and similar products, and convention services (together, the prior business). Through our e-commerce sales channel, we sold KN-95 facemasks, disposable facemasks, and disinfectant wipes through an online store in the United States of America. On August 26, 2022, the Company entered into an Asset Purchase Agreement to purchase certain technological assets from ZenSports, Inc. The assets were purchased to allow us to offer gambling and entertainment opportunities through technology, principally the online gaming technology and use of the name ZenSports. We did not acquire all the assets of the Company, the assets we didn’t purchase include, among other assets, ZenSport’s legal entity name “ZenSports, Inc.” and those assets related to ZenSports’ physical casino called the Big Wheel Casino, located in Lovelock, Nevada. See Note 3. On September 12, 2022, we entered into an Asset Purchase Agreement between the Company and Excel Members, LLC (“Excel”), a company controlled by Bruce Cassidy, the chairman of our board of directors, to acquire certain assets of Excel a company of which a Company controlled by Mr. Cassidy is the manager, and effectively has a controlling interest. Excel acquired certain assets of a company, Ultimate Gamer, LLC, which was formerly an Esports tournament company, through the assignment for the benefit of the creditor’s court process. See Notes 3, 13 and 15. On September 15, 2022, we executed an assignment and assumption agreement whereby we assigned our e-commerce sales channel and the convention services operating assets to TopSight Corporation (“TopSight”), a company owned by our former Chief Financial Officer Zixiao Chen, effectively discontinuing our historical operations. After the foregoing transactions, we have effectively ceased our prior business operations and assembled a comprehensive platform capability that enables both business-to-business and direct-to-consumer offerings within the online sports betting, eSports, and fintech/digital currency markets. Basis of Presentation The consolidated financial statements presented in this report are of VIP Play, Inc. and its wholly owned subsidiaries. The Company maintains its accounting records on an accrual basis in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”) and pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (the “SEC”). Principals of Consolidation The consolidated financial statements represent the results of VIP Play, Inc. and its wholly owned subsidiaries. All intercompany transactions and balances have been eliminated upon consolidation of these entities. Segment Reporting The Company operates as one reportable segment under Accounting Standards Codification “ASC” 280, Segment Reporting. Fiscal Year End The Company’s year-end is June 30. Use of Estimates The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. Actual results could differ from those estimates. Significant estimates and assumptions reflected in the financial statements relate to and include, but are not limited to, the valuation of debt and equity instruments, the valuation and expensing of equity awards, accounting for contingencies and uncertainties, purchase price allocations, including fair value estimates of intangible assets, the estimated useful lives of fixed assets and intangible assets, internally developed software costs and accrued expenses. Going Concern The Company’s consolidated financial statements are prepared using the accrual method of accounting in accordance with accounting principles generally accepted in the United States of America and have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities in the normal course of business. The Company has an accumulated deficit of $ 43,504,774 30,385,693 20,782,894 11,301,366 The Company is dependent upon, among other things, achieving a level of profitable operations and receiving additional cash infusions including securing additional lines of credit and raising additional capital through placement of preferred and/or common stock in order to implement its business plan. There can be no assurance that the Company will be successful in order to continue as a going concern. The Company is funding its initial operations by securing a related party demand line of credit, a related party note payable, issuing preferred stock, and issuing common stock through private placements. We cannot be certain that capital will be provided when it is required or in amounts sufficient to meet our operating requirements. Management believes the existing shareholders, the prospective new investors, and future revenues will provide the additional cash needed to meet the Company’s obligations as they become due and will allow the development of its core business operations. No assurance can be given that any future financing will be available or, if available, that it will be on terms that are satisfactory to the Company. Even if the Company is able to obtain additional financing, it may contain restrictions on our operations, in the case of debt financing, or cause substantial dilution for our stockholders, in the case of equity financing. These financial statements do not include any adjustments to reflect the possible future effect on the recoverability and classification of assets or the amounts and classifications of liabilities that may result from the outcome of these uncertainties. Management believes that the actions presently being taken to obtain additional funding and implement its strategic plan provides the opportunity for our Company to continue as a going concern. Cash and Equivalents Cash includes amounts deposited in financial institutions in excess of insurable Federal Deposit Insurance Company (FDIC) limits. At times throughout the year, the Company may maintain cash balances in certain bank accounts in excess of FDIC limits. As of June 30, 2024, the Company maintained a total cash balance which was $ 9,304 Cash Reserved for Users The Company maintains separate bank accounts to segregate users’ funds from operational funds. User funds are held by KeyStar TN, LLC, a Tennessee limited liability company and wholly owned subsidiary of the Company, which was organized for the purpose of protecting users’ funds in the event of creditor claims. As of June 30, 2024 and 2023, approximately $ 228,000 21,000 Equipment Equipment is stated at cost, less accumulated depreciation and amortization. Depreciation is calculated using the straight-line method over the asset’s estimated useful life. Expenditures for maintenance and repairs are expensed as incurred. When retired or otherwise disposed of, the related carrying value and accumulated depreciation are removed from the respective accounts, and the net difference less any amount realized from the disposition is reflected in earnings. Estimated useful lives are as follows: SUMMARY OF PLANT AND EQUIPMENT ESTIMATED USEFUL LIVES Equipment 3 5 Intangible assets include developed technology, internally developed software and website development costs, gaming license, and trade marks. Internally developed capitalized software and website development and the VIP Play, Inc. trade name is stated at cost, less accumulated amortization on the balance sheet. Amortization is calculated using the straight-line method over the asset’s estimated useful life. The capitalization policy for the company is to capitalize intangible assets greater than $ 5,000 Estimated useful lives are as follows: SUMMARY OF ESTIMATED LIVES OF INTANGIBLE ASSETS Developed technology 5 Capitalized software and website development 3 Trade marks 3 5 Developed Technology Developed technology primarily relates to the design and development of sports betting software for online sportsbook. Internally Developed Software Software that is developed for internal use is accounted for pursuant to ASC 350-40, Intangibles, Goodwill and Other—Internal-Use Software. Qualifying costs incurred to develop internal-use software are capitalized when (i) the preliminary project stage is completed, (ii) management has authorized further funding for the completion of the project and (iii) it is probable that the project will be completed and perform as intended. These capitalized costs include compensation for employees who develop internal-use software and external costs related to development of internal use software. Capitalization of these costs ceases once the project is substantially complete and the software is ready for its intended purpose. Internally developed software is amortized using the straight-line method over an estimated useful life. All other expenditures, including those incurred in order to maintain an intangible asset’s current level of performance, are expensed as incurred. When intangible assets are retired or disposed of, the cost and accumulated amortization thereon are removed, and any resulting gain or losses are included in the consolidated statements of operations. Gaming licenses Certain costs, generally legal and professional fees, are required to attain jurisdictional gaming licenses in order to legally operate our core sports betting business. Gaming licenses, with indefinite useful lives, are tested at least on an annual basis as to the assets that have been impaired. Intangible assets determined to have an indefinite useful life are not amortized. Gaming licenses are assets that are determined to have an indefinite useful life are not amortized and are included in intangible assets in the balance sheet. Annual gaming license fees and legal and professional fees required to maintain the licenses are recorded as period costs in the statement of operations. Trademarks Trademarks are carried at cost and are mainly related to branding and promotion, with indefinite useful lives. The Company tests at least on an annual basis whether trademarks with indefinite useful lives are impaired. Intangible assets determined to have an indefinite useful life are not amortized and are included in intangible assets in the balance sheet. The Company conducts its annual impairment tests at June 30 of each year or whenever events and changes in circumstances suggest that the carrying amount may not be recoverable. At June 30, 2023, management determined that the acquired Ultimate Gamer trademarks were fully impaired pursuant to the annual impairment test and, as such has written off the carrying value of trademarks. Impairment of Long-Lived Assets Intangible assets include the cost of developed technology, trademarks and trade names and gaming licenses. Intangible assets are amortized utilizing the straight-line method over their remaining economic useful lives. The Company reviews long-lived assets and intangible assets for potential impairment annually and when events or changes in circumstances indicate the carrying amount of an asset may not be recoverable. In the event the expected undiscounted future cash flows resulting from the use of the asset is less than the carrying amount of the asset, an impairment loss is recorded equal to the excess of the asset’s carrying value over its fair value. If an asset is determined to be impaired, the loss is measured based on quoted market prices in active markets, if available. If quoted market prices are not available, the estimate of fair value is based on various valuation techniques, including a discounted value of estimated future cash flows. In the event that management decides to no longer allocate resources to an asset, an impairment loss equal to the remaining carrying value of the asset is recorded. The Company performed a qualitative test as of June 30, 2023, and determined that the common control developed technology and trademarks acquired would no longer be invested in and would not be generating cash flows for the foreseeable future. Impairment charges of $ 48,533 not Lease Commitments On October 1, 2023, the Company entered into a lease for office space in Miami, Florida. The lease expires on October 31, 2024 , and has a minimum monthly lease payment of $ 6,500 . On February 4, 2024, the Company entered into a lease for office space in Sarasota, Florida. The lease expires on February 1, 2025 1,600 Total rental expense for the years ended June 30, 2024 and 2023 was $ 97,618 55,615 ASC Topic 842 provides for certain practical expedients when adopting the guidance. The Company elected to apply the short-term lease exception; therefore, the Company will not record an ROU asset or corresponding lease liability for leases with an initial term of twelve months or less that are not reasonably certain of being renewed and instead will recognize a single lease cost allocated over the lease term, generally on a straight-line basis. Fair Value of Financial Instruments The Company recognized the fair value of financial instruments in accordance with FASB ASC 820, Fair Value Measurements and Disclosures, “Fair Value Measurements”, which provides a framework for measuring fair value under GAAP. 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. The standard also expands disclosures about instruments measured at fair value and establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value: Level 1 - Quoted prices for identical assets and liabilities in active markets; Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, such as quoted market prices for similar assets and liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the asset or liability. Level 3 - Unobservable inputs that are support by little to no market activity. The Company’s derivative liabilities are carried at fair value and are classified as Level 3 liabilities. The Company’s financial instruments consist principally of cash, prepaid expenses, accounts payable, accrued expenses, related party notes payable, related party line of credit, and notes payable approximate the fair value because of their short maturities. The Company’s Derivative liabilities are determined based on “Level” 3 inputs, which are significant and unobservable and have the lowest priority. There were no transfers into our out of “Level 3” during the years ended June 30, 2024, or 2023. SCHEDULE OF DERIVATIVE LIABILITIES Description Total fair Quoted prices Significant other Significant Derivative liability (1) $ 11,273,000 $ - $ - $ 11,273,000 Description Total fair Quoted prices Quoted prices Quoted prices Derivative liability (1) $ 6,859,452 $ - $ - $ 6,859,452 (1) The Company has estimated the fair value of these derivatives using the Monte-Carlo model. Fair value estimates are made at a specific point in time, based on relevant market information and information about the financial statement. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. Changes in assumptions could transfer a liability in an orderly transaction between willing and able maker participants. In general, the Company’s policy in estimating fair values is to first look at observable market prices for the identical assets and liabilities in active markets, where available. When these are not available other inputs used to model fair value such as prices of similar instruments, yield curves, volatilities., prepayment speeds, default rates credit spreads, rely first on observable data from active markets. Depending on the availability of observable inputs and prices, different valuation models could produce materially different fair value estimates. The values presented may not represent future fair value as discussed above. Derivative Liabilities The Company accounts for derivative instruments in accordance with ASC 815, “ Derivatives and Hedging 11,273,000 6,859,452 Players Balances Players balances were comprised of sports betting deposits assumed and recorded at the fair market value acquired from ZenSports, Inc. on August 26, 2022, as part of an asset purchase agreement. The balances as of June 30, 2024 and 2023, are comprised of players betting deposits and contestant prize winnings for eSports and other promotional events. During May 2023, the Company was approved by the state of Tennessee for its Sports Betting license and commenced Sports Betting operations on June 8, 2023, as such, the Company began accepting new sports betting deposits in addition to recording only payouts on the acquired players liability balances. As per the Tennessee Sports Wagering Council, the Company is required to maintain a reserve in the form of cash, cash equivalents and/or irrevocable letter of credit along with a required $ 500,000 Revenue Recognition The Company records revenue in accordance with ASC Topic 606, Revenue from Contracts with Customers (“ASC 606”). ASC 606 requires companies to recognize revenue in a way that depicts 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. In addition, the standard requires more detailed disclosures to enable readers of the financial statements to understand the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. The Company determines revenue recognition through the following steps: ● Identify the contract, or contracts, with the customer; ● Identify the performance obligations in the contract; ● Determine the transaction price; ● Allocate the transaction price to performance obligations in the contract; and ● Recognize revenue when, or as, the Company satisfies performance obligations by transferring the promised good or services. The Company provides online sportsbook betting services with its technical infrastructure to its direct customers. Sportsbook or sports betting involves a user wagering money on an outcome or series of outcomes occurring. When a user’s wager wins, the Company pays the user a pre-determined amount known as fixed odds. Sportsbook revenue is generated by setting odds such that there is a built-in theoretical margin in each sports wagering opportunity offered to users. Sportsbook revenue is generated from users’ wagers net of payouts made on users’ winning wagers and incentives awarded to users. Each wager placed by a user creates a single performance obligation for the Company. The performance obligation is satisfied once the event wagered on has been completed. Any unsettled wagers are recorded as a players balance liability. Net gaming revenue is the aggregate of gaming wins and losses based on results of each event that customers wager bets on. Cost of Revenue Cost of revenue consists primarily of variable costs, principally recurring online platform costs directly associated with revenue-generating activities including payment processing and supporting technology costs, web hosting, regulatory compliance software, Sports Betting privilege taxes and federal excise taxes on wagers. Revenue Recognition from our former business The Company recognizes revenue in accordance with generally accepted accounting principles as outlined in the Financial Accounting Standard Board’s (“FASB”) Accounting Standards Codification (“ASC”) 606, Revenue From Contracts with Customers, which consists of five steps to evaluating contracts with customers for revenue recognition: (a) identify the contract with the customer; (ii) identity the performance obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price; and (v) recognize revenue when or as the entity satisfied a performance obligation. Revenue recognition for our prior business occurred at the time we satisfy a service performance obligation to our customers or when control of product transfers to customers upon shipment, provided there are no material remaining performance obligations required of the Company or any matters of customer acceptance. We only recorded revenue when collectability was probable. All payments are received upon order of services and prior to delivery of the product, so we have no accounts receivable. The Company’s prior business was providing quality merchandise through its former online store in the United States of America. Due to the COVID-19 pandemic, the Company was focusing on providing disposable face masks and KN-95 face masks at affordable prices. Customers ordered and paid for the products through the online store, when the Company confirmed the order and payment, the Company delivered the product through common carriers, at which point the Company recognized revenue, as this is when our performance obligation is satisfied. The Company recorded actual sales returns when the customers return the products. The transaction price has not been affected by returns as the Company did have significant returns. All prior business operations, including sales and revenues, are included in the net income (loss) from discontinued operations, net of income taxes in the statement of operations. For the year ended June 30, 2023, the Company recognized e-commerce sales of products $ 101 435 Cost of Revenues from our former business Costs of revenues from our prior business primarily consisted of outsourced vendors for both types of revenues. The Company includes product costs (i.e., material, direct labor, and overhead costs) and shipping and handling expenses in cost of revenues. All prior business operations, including cost of revenues, are included in the net income (loss) from discontinued operations, net of income taxes in the statement of operations. Stock -based Compensation The Company records stock-based compensation in accordance with ASC 718 “Compensation- Stock Compensation”, using the fair value method. All transactions in which services are the consideration received for the issuance of equity instruments are accounted for based on the fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable. The Company accounts for Stock-based compensation awards issued to non-employees for services as prescribed by ASC 718, at either the fair value of the services rendered or the instruments issued in exchange for such services, whichever is more readily determinable, using the measurement date guidelines enumerated in Accounting Standards Updated (“ASU”) 2018-07. The Company uses the Black Scholes pricing model to calculate the fair value of stock-based awards. This model is affected the Company’s stock price as well as assumptions regarding a number of subjective variables. These subjective variables include, but are not limited to, the Company’s expected stock price volatility over the term of the awards, and actual projected employee stock option exercise behaviors. The value of the portion of the award that is ultimately expected to vest is recognized as an expense in the consolidated statement of operations over the requisite service period. Sales and Marketing Sales and marketing expenses consist primarily of expenses associated with advertising and costs related to free to play contests. Advertising costs are expensed as incurred and are included in sales and marketing expense in our condensed consolidated unaudited statements of operations. Advertising costs include those costs associated with communicating with potential customers and generally use some form of media, such as internet, radio, print, television, or billboards. Advertising costs also include costs associated with strategic league and team partnerships. During the years ended June 30, 2024 and 2023, advertising costs were $ 3,517,265 276,783 General and Administrative General and administrative expenses consist of costs not related to sales and marketing, product and technology or revenue. General and administrative costs include professional services (including legal, regulatory, audit and accounting), rent and facilities maintenance, contingencies and insurance. Income Taxes The Company accounts for income taxes under an asset and liability approach. This process involves calculating the temporary and permanent differences between the carrying amounts of the assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The temporary differences result in deferred tax assets and liabilities, which would be recorded on the Company’s balance sheet in accordance with ASC 740, which established financial accounting and reporting standards for the effect of income taxes. The Company must assess the likelihood that its deferred tax assets will be recovered from future taxable income, and, to the extent the Company believes that recovery is not likely, the Company must establish a valuation allowance. Changes in the Company’s valuation allowance in a period are recorded through the income tax provision on the statements of operations. ASC 740-10 clarifies the accounting for uncertainty in income taxes recognized in an entity’s financial statements and prescribes a recognition threshold and measurement attributes for financial statement disclosure of tax positions taken or expected to be taken on a tax return. Under ASC 740-10, the impact of an uncertain income tax position on the income tax return must be recognized at the largest amount that is more likely than not to be sustained upon audit by the relevant taxing authority. An uncertain income tax position will not be recognized if it has less than a 50% likelihood of being sustained Earnings (loss) per Share Basic net (loss) earnings per common share is computed by dividing net (loss) income by the weighted average number of vested common shares outstanding during the period. Diluted net income per common share is computed by dividing net income by the weighted average number vested of common shares, plus the net impact of common shares (computed using the treasury stock method), if dilutive, resulting from the exercise of dilutive securities. In periods when losses are reported, the weighted-average number of common shares outstanding excludes common stock equivalents because their inclusion would be anti-dilutive. As of June 30, 2024 and 2023 the Company excluded the common stock equivalents summarized below, which entitle the holders thereof to ultimately acquire shares of common stock, from its calculation of earnings per share, as their effect would have been anti-dilutive. SCHEDULE OF EARNINGS (LOSS) PER SHARE ANTI-DILUTIVE For the year ended For the year ended Stock Options 4,250,000 6,500,000 Series B Preferred Shares 1,169,300 1,169,300 Series C Preferred Shares - 8,333,327 Warrants 10,000,000 5,600,000 Shares issuable upon conversion of line of credit 26,551,338 17,130,907 Shares issuable upon conversion of convertible notes 2,125,000 - Total potentially dilutive shares 44,095,638 38,733,534 Recent Accounting Pronouncements In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments In October 2023, the Financial Accounting Standards Board (“FASB”) issued ASU 2023-06, “Disclosure Improvements: Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative” (“ASU 2023-06”). This ASU incorporates certain SEC disclosure requirements into the FASB Accounting Standards Codification (“ASC”). The amendments in the ASU are expected to clarify or improve disclosure and presentation requirements of a variety of ASC Topics, allow users to more easily compare entities subject to the SEC’s existing disclosures with those entities that were not previously subject to the requirements, and align the requirements in the ASC with the SEC’s regulations. The ASU has an unusual effective date and transition requirements since it is contingent on future SEC rule setting. If the SEC fails to enact required changes by June 30, 2027, this ASU is not effective for any entities. Early adoption is not permitted. The Company is currently evaluating the impact that the adoption of this standard will have on its consolidated financial statements. In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): “Improvements to Reportable Segment Disclosures” (“ASU 2023-07”) to update reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses and information used to assess segment performance. This update is effective beginning with the Company’s 2024 fiscal year annual reporting period, with early adoption permitted. The Company is currently evaluating the impact that the adoption of this standard will have on its consolidated financial statements. In December 2023, the FASB issued ASU 2023-09, “Improvements to Income Tax Disclosures” (“ASU 2023-09”) to enhance the transparency and decision-usefulness of income tax disclosures, particularly in the rate reconciliation table and disclosures about income taxes paid. This ASU applies to all entities subject to income taxes. This ASU will be effective for public companies for annual periods beginning after December 15, 2024. The Company is currently evaluating the impact that the adoption of this standard will have on its consolidated financial statements. Management does not believe that any other recently issued, but not yet effective, accounting standard if currently adopted would have a material effect on the accompanying consolidated financial statements.

EQUIPMENT

EQUIPMENT	12 Months Ended
	Jun. 30, 2024
Property, Plant and Equipment [Abstract]
EQUIPMENT	NOTE 2 - EQUIPMENT The Company’s equipment consisted of the following as of: SCHEDULE OF EQUIPMENT, CAPITALIZED SOFTWARE AND WEBSITE June 30, 2024 June 30, 2023 Equipment $ 4,980 $ 4,980 Total 4,980 4,980 Less: accumulated depreciation 2,827 1,167 Equipment, net $ 2,153 $ 3,813 Equipment at June 30, 2024 and 2023 consisted of computers. Depreciation expense of equipment during the years ended June 30, 2024, and 2023 was $ 1,660 1,740

STRATEGIC ASSET ACQUISITIONS

STRATEGIC ASSET ACQUISITIONS	12 Months Ended
	Jun. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
STRATEGIC ASSET ACQUISITIONS	NOTE 3 - STRATEGIC ASSET ACQUISITIONS ZenSports, Inc. On August 26, 2022, $ 500,000 6,500,000 1.00 750,000 750,000 ZenSports is in the business of offering gambling and entertainment opportunities through technology and a physical casino. The Company purchased a portion of ZenSports’ assets, principally the online gaming technology and use of the name ZenSports. The assets we didn’t purchase include, among other assets, ZenSports legal entity name “ZenSports, Inc.” and those assets related to ZenSports’ physical casino called the Big Wheel Casino, located in Lovelock, Nevada. Pursuant to the terms and conditions of the APA, the aggregate purchase price paid to ZenSports consisted of cash in the amount of the sum of $ 500,000 5,850,000 1.00 650,000 250,000 In connection with the Transaction and issuance of the Transaction Shares, we also entered into a Registration Rights Agreement (the “Registration Rights Agreement”) with ZenSports (together with any other party that may become a party to the Registration Rights Agreement, “Holders”). Pursuant to the Registration Rights Agreement, subject to the terms and conditions set forth therein, we are obligated, among other things, to use our reasonable best efforts to prepare and file on the six-month anniversary of our common stock becoming listed on the New York Stock Exchange, The NYSE American, The Nasdaq Global Market, The Nasdaq Global Select Market, The Nasdaq Capital Market or any successor or substantially equivalent national securities exchange a registration statement covering the sale or distribution from time to time of our common stock held by Holders. We are also obligated to provide for the registration of such registrable securities for resale by Holders in accordance with any reasonable method of distribution elected by Holders, and to use our reasonable best efforts to cause such registration statement to be declared effective by the Securities and Exchange Commission as promptly as is reasonably practicable. The fair value of the purchase consideration issued to the ZenSports asset sellers was allocated to the net assets acquired. The Company accounted for this transaction as an asset acquisition as per ASC 350, and the assets and liabilities we recorded as of the acquisition date, at their respective fair values and consolidated with those of the Company. The fair value of the assets acquired as approximately $ 7,231,000 The table below shows the analysis for the ZenSports asset acquisition: SCHEDULE OF PRELIMINARY ANALYSIS FOR THE ASSET ACQUISITION Purchase consideration at fair value: Common Stock $ 6,500,000 Cash, net of prepaid expenses and players liabilities 481,054 Transaction fees 250,000 Amount of consideration $ 7,231,054 Assets acquired and liabilities assumed at relative fair market value: Current assets $ 52,869 Players liability (39,222 ) Developed technology 6,678,308 Trade name 539,099 Net assets acquired $ 7,231,054 Ultimate Gamer On September 12, 2022, we entered into an Asset Purchase Agreement with Excel Members, LLC, a company controlled by Bruce Cassidy, our Chairman and a member of our Board of Directors, to acquire certain assets of a company acquired previously by Excel through an assignment for the benefit of creditors. Ultimate Gamer, LLC (“UG”), which was formerly in the business of organizing and operating in-person and online video game competitions tournaments, originally owned these assets. The purchased assets included the brand name Ultimate Gamer. We purchased a portion of the UG assets, consisting primarily of intellectual property, including trademarks, domain name registrations, and UG’s database(s) of users and gamers for 1,500,000 56,436 Since the acquired assets were owned by a company controlled by our Chairman of the Board, this transaction has been accounted for as assets acquired under common control, in which the assets have been presented at their carrying values at the date of the transaction and the equity interests issued were recorded at an amount equal to the carrying amount of the net assets transferred. See Notes 10 and 13. A summary of the assets acquired at provisional net book value (NBV) allocated is as follows: SUMMARY OF THE ASSETS ACQUIRED Website $ 26,637 Trademarks 21,896 Equipment 7,903 Total assets acquired at provisional net book value $ 56,436 Subsequently, during the year ended June 30, 2023, management determined that the acquired developed technology and trademarks of Ultimate Gamer, LLC would no longer be invested in and would not be generating cash flows for the foreseeable future and the intangible assets were fully impaired in the amount of $ 48,533

LONG LIVED AND OTHER INTANGIBLE

LONG LIVED AND OTHER INTANGIBLE ASSETS	12 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
LONG LIVED AND OTHER INTANGIBLE ASSETS	NOTE 4 - LONG LIVED AND OTHER INTANGIBLE ASSETS The ZenSports, Inc. assumed developed technology and trademark were recorded and allocated using relative fair value, based on a on a third party valuation in accordance with the provisions of ASC 350 of the acquired costs from ZenSports, Inc. on August 26, 2022, as part of an asset purchase agreement. There was no The Ultimate Gamer developed technology and trademarks were acquired on September 12, 2022, as part of the acquisition of the assets of Ultimate Gamer, LLC in a common control transaction. The developed technology and trademarks acquired were recorded at the net book value of Ultimate Gamer, LLC on the date of close, which included the depreciation for September 2022. As of June 30, 2023, as part of the repositioning of the company’s operations, management determined that acquired developed technology and trademarks of Ultimate Gamer, LLC would no longer be invested in and would not be generating cash flows for the foreseeable future and as such fully expensed the assets as part of the Company’s annual impairment analysis. The remaining value of the developed technology (website) of $ 26,637 21,896 Gaming license costs are primarily comprised of legal and professional fees associated with our application for a gaming license in Tennessee. There was no Long-lived and other intangible assets held, net of impairment are comprised of the following at: SCHEDULE OF LONG-LIVED AND OTHER INTANGIBLE ASSETS June 30, 2024 June 30, 2023 Developed technology $ 7,998,598 $ 7,521,638 Tradenames and trademarks 560,999 560,999 Gaming licenses 135,837 135,837 Impairment charges (48,533 ) (48,533 ) Total 8,646,901 8,169,941 Less: accumulated amortization (1,886,606 ) (102,743 ) Net carrying value $ 6,760,295 $ 8,067,198 Amortization expense of business intellectual property years ended June 30, 2024 and 2023, was $ 1,452,172 96,154 331,689 6,589 As of June 30, 2024, intangible assets consisted of the following: SCHEDULE OF INTANGIBLE ASSETS Estimated Useful Life Remaining Weighted Average Useful Life Gross Carrying Amount Accumulated Amortization Net Carrying Amount Finite lived intangible assets: Developed technology 5 3.94 $ 6,678,308 $ 1,417,285 $ 5,261,023 Internally developed software 3 1.94 1,280,157 347,037 933,120 Trademarks and tradenames 5 3.94 539,099 114,409 424,690 Website 3 1.27 13,500 7,875 5,625 Total finite lived intangible assets $ 8,511,064 $ 1,886,606 $ 6,624,458 Indefinite lived intangible assets: Gaming license Indefinite $ 135,837 $ - $ 135,837 Total indefinite lived intangible assets: $ 135,837 $ - $ 135,837 Total intangible assets: $ 8,646,901 $ 1,886,606 $ 6,760,295 The estimated future amortization of intangibles subject to amortization at June 30, 2024 was as follows: SCHEDULE OF FUTURE AMORTIZATION OF INTANGIBLE For the Years Ended June 30, Amount 2025 $ 1,874,700 2026 1,862,796 2027 1,443,481 2028 1,443,481 Total $ 6,624,458

PLAYERS BALANCES

PLAYERS BALANCES	12 Months Ended
	Jun. 30, 2024
PLAYERS BALANCES	NOTE 5 – PLAYERS BALANCES Players balances were comprised of sports betting deposits assumed and recorded at the fair market value acquired from ZenSports, Inc. on August 26, 2022, as part of an asset purchase agreement. During May 2023, the Company was approved by the state of Tennessee for its Sports Betting license and commenced Sports Betting operations on June 8, 2023, as such, the Company began accepting new sports betting deposits in addition to recording only payouts on the acquired players liability balances. Players balances were $ 313,758 134,946

CONVERTIBLE DEBT

CONVERTIBLE DEBT	12 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
CONVERTIBLE DEBT	NOTE 6 - CONVERTIBLE DEBT On August 23, 2023, the Company entered into a Convertible Note Purchase Agreement and a Convertible Promissory Note with an unrelated party in the principal amount of $ 200,000 500,000 150,000 2,000,000 12 .0001 80 1.00 The fair value of the conversion feature upon issuance of the three notes was $ 764,593 592,000 85,407 The following are the significant assumptions used in the Monte-Carlo model. See Note 9. SCHEDULE OF SIGNIFICANT ASSUMPTIONS CONVERTIBLE DEBT Expected Risk-free Expected Expected life At September 1, 2023 68.2 % 4.87 % 0 % 2.00

NOTES PAYABLE AND NOTES PAYABLE

NOTES PAYABLE AND NOTES PAYABLE – RELATED PARTY	12 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
NOTES PAYABLE AND NOTES PAYABLE – RELATED PARTY	NOTE 7 - NOTES PAYABLE AND NOTES PAYABLE – RELATED PARTY On April 27, 2020, the Company executed a promissory note with Zixiao Chen, our former Chief Financial Officer for $ 35,000 10 7,853 0 240 On December 30, 2020, the Company executed a promissory note with TopSight, a company owned by Zixiao Chen, our former Chief Financial Officer for cash proceeds of $ 30,000 10 As of June 30, 2024 and 2023, the principal balance is $ 30,000 30,000 9,746 7,496 3,000 3,000 On February 27, 2023, the Company entered into Stock Redemption and Purchase Agreement with John Linss, our former Chief Executive Officer and former member of the board of directors, and his wholly owned Corespeed, LLC for the purchase of Series C Convertible Preferred Stock owned by Linss’ Corespeed, LLC. See Note 10. The Company paid $ 300,000 1,700,000 5 850,000.00 1,700,000 425,000 59,665 The outstanding principal balance at June 30, 2024, is $ 1,130,743 618,216 100,190 1,700,000 850,000 28,511 194,934 28,511 The following represents the future aggregate maturities of the promissory note with Mr. Linss as of June 30, 2024 SCHEDULE OF FUTURE AGGREGATE MATURITIES OF PROMISSORY NOTE Fiscal year ending June 30, Amount 2025 $ 618,216 2026 512,527 2027 - 2028 - 2029 - Thereafter - Total $ 1,130,743 On May 5, 2023, the Company entered into a Promissory Note with Excel Family Partners, LLLP, a company controlled by Bruce Cassidy (our former Chief Executive Officer through June 14, 2022) the Chairman of our Board of Directors in the principal amount of $ 1,600,000 November 4, 2023 160,000 1,600,000 0.25 The note payable the warrants are issued in a single transaction and as such were allocated among the among the freestanding instruments identified. The warrants were valued by the Company using the Black-Scholes option pricing model with the allocated fair value of $ 485,017 The following are the significant assumptions used in the Black-Scholes model: SCHEDULE OF SIGNIFICANT ASSUMPTIONS BLACK-SCHOLES MODEL Expected volatility Risk-free Expected Expected life At May 5, 2023 111.60 % 4.20 % 0 % 5 The $ 160,000 At June 30, 2023, the remaining balance of the note discount is $ 323,345 51,767 161,672 51,167 On September 14, 2023, the principal balance of $ 1,600,000 160,000 On May 24, 2023, the Company entered into a short term note payable with a premium finance company to fund their technology services and cyber liability insurance. The total premiums, taxes and fees financed was $ 434,250 8.88 72,994 37,744 339,694 On May 24, 2024, the Company renewed the short term note payable with a premium finance company to fund their technology services and cyber liability insurance. The total premiums, taxes and fees financed was $ 318,557 9.60 47,784 28,382 257,612 339,694

LINE OF CREDIT - RELATED PARTY

LINE OF CREDIT - RELATED PARTY	12 Months Ended
	Jun. 30, 2024
Line Of Credit - Related Party
LINE OF CREDIT - RELATED PARTY	NOTE 8- LINE OF CREDIT - RELATED PARTY On February 22, 2022, the Company executed a non-revolving line of credit demand note for $ 250,000 5 On August 16, 2022, the non-revolving line of credit demand note was increased to $ 2,000,000 On February 24, 2023, the Company entered into a second amended and restated discretionary non-revolving line of credit demand note with Excel in the principal amount of not more than $ 4,000,000 All loans made under the Note accrue interest at a fixed rate per annum equal to 15.0 The amended note includes a conversion option that Excel may, at its sole option, convert all or any portion of the debt into fully paid and non-assessable shares of common stock of the Company’s common stock.at a conversion price in an amount equal to the product of the lowest recent price multiplied by 80 0.50 The following are the significant assumptions used in the Monte-Carlo model. SCHEDULE OF FAIR VALUE OF DERIVATIVES Expected volatility Risk-free interest rate Expected dividend yield Expected life (in years) At February 24, 2023 108.5 % 4.84 % 0 % 1.77 The note includes a common stock warrant exercisable up to 4,000,000 0.25 February 1, 2028 The following are the significant assumptions used in the Black-Scholes model: SCHEDULE OF FAIR VALUE OF DERIVATIVES Expected volatility Risk-free Expected Expected life At February 24, 2023 111.60 % 4.20 % 0 % 2 The amended non-revolving line of credit was exchanged and modified on substantially different terms from the non-revolving line of credit demand note it replaced and as such is treated as a debt modification. The Company incurred debt issuance costs of $ 7,624,859 On July 18, 2023, the Company entered into a Third Amended and Restated Discretionary Non-Revolving Line Of Credit Demand Note with Excel Family Partners, LLLP, (“Excel”) in the principal amount of not more than $ 5,000,000 4,000,000 15.0 1,000,000 0.25 80 0.50 The following are the significant assumptions used in the Black-Scholes model for the warrants: SCHEDULE OF FAIR VALUE OF DERIVATIVES Expected Risk-free Expected Expected life At July 18, 2023 83.4 % 4.62 % 0 % 4.8 At the date of the third amendment, the remaining unamortized debt issuance costs were $ 5,393,193 5,785,727 On September 14, 2023, the Company entered into a Fourth Amended and Restated Discretionary Non-Revolving Line Of Credit Demand Note with Excel Family Partners, LLLP, a Florida limited liability limited partnership (“Excel”) in the principal amount of not more than $ 10,000,000 5,000,000 3,400,000 0.25 80 0.50 The following are the significant assumptions used in the Black-Scholes model for the warrants: Expected Risk-free Expected Expected life At September 13, 2023 86.5 % 4.60 % 0 % 4.95 At the date of the fourth amendment, the remaining unamortized debt issuance costs were $ 5,308,162 6,668,666 As of the date of the Fourth Amended and Restated Discretionary Non-Revolving Line of Credit Demand Note, the aggregate outstanding principal balance of all loans was $ 6,888,801 4,251,877 500,000 376,924 1,760,000 1,600,000 250,000 On December 27, 2023, a total of $ 1,540,000 10,366,653 0.40 0.50 80 25,916,632 8,826,653 22,066,632 1,540,000 3,850,000 The offer, sale and issuance of the Conversion Shares were deemed to be exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”), in reliance on Section 4(a)(2) of the Securities Act and/or Rule 506(b) of Regulation D promulgated thereunder, as transactions by an issuer not involving a public offering. The converting debt holders acquired the Conversion Shares for investment only and not with a view to or for sale in connection with any distribution thereof and appropriate legends were affixed to the Conversion Shares upon issuance thereof. On December 29, 2023, the Company entered into a Fifth Amended and Restated Discretionary Non-Revolving Line Of Credit Demand Note with Excel Family Partners, LLLP, a Florida limited liability limited partnership (“Excel”) in the principal amount of not more than $ 2,000,000 10,000,000 2,460,000 0.25 80 0.50 A total of $ 10,366,653 0.40 0.50 80 The following are the significant assumptions used in the Black-Scholes model for the warrants: Expected Risk-free Expected Expected life At December 27, 2023 153.5 % 3.83 % 0 % 4.71 At June 30, 2024, the remaining unamortized debt issuance costs were $ 1,330,173 3,559,088 1,952,708 As of June 30, 2024 and 2023, the aggregate outstanding principal balance of all loans under the Note was $ 7,670,000 3,851,877 356,002 259,541

DERIVATIVE LIABILITIES

DERIVATIVE LIABILITIES	12 Months Ended
	Jun. 30, 2024
Derivative Liabilities
DERIVATIVE LIABILITIES	NOTE 9 – DERIVATIVE LIABILITIES On February 24, 2023, July 18, 2023 and September 14, 2023, the Company entered into the second, third and fourth amended and restated discretionary non-revolving line of credit demand notes (“LOC”) with a common control owner (See Note 8). On August 23, 2023, August 28, 2023 and September 1, 2023, the Company entered into a Convertible Note Purchase Agreement and a Convertible Promissory Note with three unrelated parties (See Note 6). The LOC and Convertible Promissory Notes contain conversion options that qualify for embedded derivative classification. The fair value of the liability is re-measured at the end of every reporting period and the change in fair value is reported in the statement of operations as a gain or loss on change in fair value of derivatives. The table below sets forth a summary of the changes in the fair value of the Company’s Level 3 financial liabilities for the years ended June 30, 2024 and 2023: SCHEDULE OF FAIR VALUE OF FINANCIAL LIABILITIES Balance at the beginning of the period $ - Embedded conversion option of convertible debt 5,888,692 Change in the fair value of the embedded conversion option 970,760 Balance at June 30, 2023 $ 6,859,452 Embedded conversion option of convertible debt 2,169,364 Derivative liability extinguished upon conversion of debt (Note 8) (7,288,574 ) Change in the fair value of the embedded conversion option 9,532,758 Balance at June 30, 2024 $ 11,273,000 The Company uses Level 3 inputs for its valuation methodology for the embedded conversion option liabilities as their fair values were determined by using Monte-Carlo model based on various assumptions. See Note 9. Significant changes in any of these inputs in isolation would result in a significant change in the fair value measurement. As required, these are classified based on the lowest level of input that is significant to the fair value measurement. The following table shows the assumptions used in the calculations: SCHEDULE OF FAIR VALUE MEASUREMENT Expected Risk-free Expected Expected life At June 30, 2023 108 114 % 4.20 5.18 0 % .5 2 At June 30, 2024 57.50 68.5 % 4.66 5.03 % 0 % 1.17 2.25

STOCKHOLDERS_ DEFICIT

STOCKHOLDERS’ DEFICIT	12 Months Ended
	Jun. 30, 2024
Equity [Abstract]
STOCKHOLDERS’ DEFICIT	NOTE 10 - STOCKHOLDERS’ DEFICIT The Company is authorized to issue 475,000,000 0.0001 25,000,000 0.0001 2,000,000 12,000 6,700,000 The Series A Convertible Preferred Stock has a liquidation preference of $ 0.10 100 votes per share 100 100 The Series B Convertible Preferred Stock has a liquidation preference of $ 1.00 100 6,000,000 The Series C Convertible Preferred Stock has a liquidation preference of $ 0.30 6 6,000,000 Series A Convertible Preferred Stock On August 30, 2022, the Series A shares owned by TopSight, a company owned by Ms. Chen, the Company’s former Chief Financial Officer, were redeemed and the Company retired all of the Series A shares. During the years ended June 30, 2024 and 2023, there were no no Series B Convertible Preferred Stock During the years ended June 30, 2024 and 2023, there were no 11,693 11,693 Series C Convertible Preferred Stock On July 11, 2022, the Company sold 2,166,666 0.30 650,000 1,000,000 833,332 333,333 On August 16, 2022, John Linss our former Chief Executive Officer and former member of our board of directors was issued 2,980,000 0.30 On February 27, 2023, the Company entered into Stock Redemption and Purchase Agreement with John Linss, our former Chief Executive Officer and former member of the board of directors, and his wholly owned Corespeed, LLC for the purchase of the 3,313,333 300,000 1,700,000 On June 15, 2024, the board of directors approved the issuance of common shares upon conversion of all outstanding Series C Preferred Stock. A total of 2,799,444 2,499,998 As at June 30, 2024 and 2023, 0 2,499,998 Common Stock On August 26, 2022, we issued 6,500,000 1,500,000 On August 26, 2022, we closed on a private offering of our common stock where we sold an aggregate of 750,000 1.00 750,000 From August 26 to September 26, 2022, we had multiple closings on our private offering whereby we issued a total of 680,000 1.00 250,000 80,000 100,000 250,000 680,000 During March 2023, we opened a second private offering whereby we issued 2,675,000 .50 1,337,500 On December 28, 2023, a total of 25,916,632 10,366,653 12,958,316 .50 798,873 On January 8, 2024 the Company sold 400,000 300,000 On June 15, 2024, the board of directors approved the issuance of common shares upon conversion of all outstanding Series C Preferred Stock. A total of 2,799,444 2,499,998 On June 28, 2024, the board of directors approved the issuance of 973,915 1,043,479

STOCK OPTIONS

STOCK OPTIONS	12 Months Ended
	Jun. 30, 2024
Retirement Benefits [Abstract]
STOCK OPTIONS	NOTE 11 - STOCK OPTIONS On December 28, 2021, the board of directors (the “Board”) approved the 2021 stock option plan (“2021 Plan”). The 2021 Plan was subject to the approval of our stockholders within 12 months of the Board’s approval. We did not seek approval of the 2021 Plan from our stockholders on or before December 28, 2022, and no awards of any type were granted under the 2021 Plan. On April 10, 2023, the Board terminated the 2021 Plan and approved a new stock option plan for our director’s officers, employees, advisors, and contractors containing the same terms and conditions as the 2021 Plan (the “2023 Plan”). The 2023 Plan is also subject to approval of our stockholders within 12 months from the date of the Board’s approval. In connection with the approval of the 2023 Plan, the Board granted Incentive Stock Options (“ISOs”) and Non statutory Stock Options (“NSOs”) under the 2023 Plan to employees and advisors of the Company to purchase a total of 3,250,000 0.50 The 2023 Plan provides eligible participants with benefits consisting of one or more of the following: ISOs, NSOs, and bonuses in the form of our common stock (“Stock Bonuses”). The Board or a committee of directors will administer the 2023 Plan and determine what employees or officers will receive an award under the 2023 Plan. ISOs, which are intended to be compliant with Section 422 of the Internal Revenue Code, may be awarded only to our employees. NSOs and Stock Bonuses are not subject to Section 422 of the Internal Revenue Code and can be awarded to employees and non-employees. As with the 2021 Plan, the aggregate number of shares of our authorized but unissued common stock that can be awarded under the 2023 Plan is 5,960,000 10 As part of the Awards, on April 10, 2023, our former CEO, Mark Thomas, was granted 800,000 200,000 250,000 3,150,000 25 267,669 4.0 0.50 0.50 111.6 4.2 On April 10, 2023, the Company granted 100,000 2,900 1.5 0.50 0.50 111.6 4.2 Below is a table summarizing the changes in stock options outstanding for the year ended June 30, 2024: SCHEDULE OF OUTSTANDING AND EXERCISABLE OPTIONS Number of Shares Underlying Outstanding Options Weighted Average Remaining Contractual Life Weighted Average Exercise Price Intrinsic Value Options outstanding as of June 30, 2023 3,250,000 9 $ 0.50 $ - Options exercisable as of June 30, 2023 717,361 9 $ 0.50 $ - Granted - - - - Exercised - - - - Forfeited or expired 1,175,000 - 0.50 $ - Options outstanding as of June 30, 2024 2,075,000 7.65 $ 0.50 $ 518,750 Options exercisable as of June 30, 2024 1,517,361 7.65 $ 0.50 $ 379,340 The Company utilized the Black-Scholes valuation model for estimating fair value of the options. Each grant was evaluated based upon assumptions at the time of the grant. The assumptions used during the year ended December June 30, 2024 were as follows: SCHEDULE OF BLACK-SCHOLES VALUATION MODEL FOR ESTIMATING FAIR VALUE OF THE OPTIONS Year Ended Exercise Price: $ 0.50 Volatility: 111.60 % Risk Free Rate: 4.20 % Vesting Period: 10 Expected Life 1.5 As of June 30, 2024 there was $ 365,850 8 During the year ended June 30, 2024, 1,175,000 As of June 30, 2024, all outstanding stock options were issued according to the Company’s 2023 Plan. There are 3,885,000

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 12 - COMMITMENTS AND CONTINGENCIES Commitments and Contingencies are as follows: Mark Thomas served as our Chief Executive Officer, Principal Executive Officer, President, Chief Technology Officer, interim Chief Financial Officer and interim Treasurer from January 10, 2023 until his resignation from all positions effective October 31, 2023. The Company entered into a Consulting Agreement with Thomas, effective November 1, 2023 for professional services. As part of the Consulting Agreement, Thomas received bi-monthly compensation at a rate of $ 200 On March 1, 2024, the board of directors of the Company appointed James Mackey as the Company’s new Chief Financial Officer, Principal Financial and Accounting Officer and Treasurer, effective immediately. He received an offer letter stating that he will receive an annual salary of $ 275,000 During August 2022, the Company entered into a 60-month contract extension with a vendor for hosting services in Nevada with the intention of using said service in multiple domestic and international jurisdictions pursuant to the Company’s expansion plans at that time. During May 2023, the Company was informed by the Tennessee Sports Wagering and Advisory Council that the vendor was not approved for hosting Sports Betting technology in Tennessee. Since the services cannot be used in Tennessee and the Company is no longer actively engaged in seeking gaming licensing in other domestic or international jurisdictions, prior to June 30, 2023, the Company entered into negotiations to settle the remaining contract and an accrued balance of $ 262,834 5,364 187,739 During May 2023, the Company was issued $ 500,000 12,500 On February 23, 2024, a Complaint and Demand for Arbitration was filed against us with the American Arbitration Association, Las Vegas Regional Office. The complaint alleges that the Company made misrepresentations of material facts and engaged in deceptive trade practices in connection with the purchase of certain assets pursuant to an asset purchase agreement dated August 26, 2022. The Claimant was requesting an award of recission damages in the amount of $ 6,500,000 A settlement and release agreement was entered into on May 23, 2024, whereas Excel Family Partners, LLLP will purchase and ZenSports will sell 1,000,000 (one million) shares of the VIP Play, Inc. Stock and an unsecured promissory note with an initial principal balance of Six Hundred Thousand Dollars ($600,000), payable to ZenSports (the “Note”), which shall be personally guaranteed by Mr. Cassidy Legal matter contingencies The Company believes, based on current knowledge and after consultation with counsel, that it is not currently party to any material pending proceedings, individually or in the aggregate, the resolution of which would have a material effect on the Company. Provisions for losses are established in accordance with ASC 450, “Contingencies” when warranted. Once established, such provisions are adjusted when there is more information available about an event that occurs requiring a change.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Jun. 30, 2024
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 13 - RELATED PARTY TRANSACTIONS Transactions with our former and current Chief Executive Officers: On June 14, 2022, the Company entered into an employment agreement with John Linss, as the Company’s former Chief Executive Officer. The agreement was amended on August 16, 2022. The agreement and amended agreement work in tandem and provide for a 3 500,000 112,000 On July 11, 2022, the Company sold 333,333 0.30 100,000 Effective January 10, 2023, John Linss, our former Chief Executive Officer and former member of our board of directors resigned. As part of the separation agreement and release as of that date, the Parties agreed that Mr. Linss through his ownership of CoreSpeed, LLC has rights set forth in the Award Agreement concerning the restricted preferred series C convertible stock that the Parties will consider Linss’ resignation a Vesting Acceleration Event of the restricted series C convertible stock. Linss and CoreSpeed, LLC, as part of the above-noted separation and release agreement, have agreed to sell and VIP Play, Inc. has agreed to purchase all of the Subject Shares for a total of $ 2,000,000 On January 10, 2023, the Board appointed Mark Thomas (“Thomas”) as the new Chief Executive Officer. In lieu of an employment agreement, Thomas received a written offer letter (the “Offer”) that states he will receive an annual salary of $ 380,000 Transactions with our former Chief Financial Officer: In July, 2022, the Company’s former Chief Financial Officer, Zixiao Chen was paid $ 20,000 On April 27, 2020, the Company executed a promissory note with our former Chief Financial Officer for $ 35,000 10 On July 26, 2022, the Company made 3 payments to the Company’s former Chief Financial Officer totaling $ 77,000 2,000,000 - On July 26, 2022, the Company paid off $ 17,837 20,000 2,163 - On July 26, 2022, the Company paid off the promissory note held by the Company’s former Chief Financial Officer for $ 35,000 - On July 26, 2022, the Company redeemed and retired the 2,000,000 22,000 On February 19, 2024, the Company entered into a first amendment to the $ 1,700,000 425,000 59,665 twenty-four months Transactions with our former Chief Executive Officer and current Chairman of our Board of Directors: On July 11, 2022, the Company sold 1,000,000 0.30 300,000 On August 16, 2022, the non-revolving line of credit demand with Excel Family Partners, LLLP (“Excel”) a company controlled by Bruce Cassidy (our former Chief Executive Officer through June 14, 2022) the Chairman of our board of directors, which can exert significant influence over the Company, was increased to $ 2,000,000 On February 24, 2023, the Company entered into a second amended and restated discretionary non-revolving line of credit demand note with Excel in the principal amount of not more than $ 4,000,000 4,000,000 On May 5, 2023, the Company entered into a Promissory Note with Excel Family Partners, LLLP, a company controlled by Bruce Cassidy (our former Chief Executive Officer through June 14, 2022) the Chairman of our Board of Directors in the principal amount of $ 1,600,000 November 4, 2023 160,000 1,600,000 0.25 On July 18, 2023, the Company entered into a Third Amended and Restated Discretionary Non-Revolving Line Of Credit Demand Note with Excel Family Partners, LLLP, (“Excel”) in the principal amount of not more than $ 5,000,000 1,000,000 On September 14, 2023, the Company entered into a Fourth Amended and Restated Discretionary Non-Revolving Line Of Credit Demand Note with Excel Family Partners, LLLP, a Florida limited liability limited partnership (“Excel”) in the principal amount of not more than $ 10,000,000 3,400,000 A total of $ 10,366,653 0.40 0.50 80 On December 29, 2023, the Company entered into a Fifth Amended and Restated Discretionary Non-Revolving Line Of Credit Demand Note with Excel Family Partners, LLLP, a Florida limited liability limited partnership (“Excel”) in the principal amount of not more than $ 2,000,000 2,460,000 On September 12, 2022, we entered into an asset purchase agreement with Excel Members, LLC, a company controlled by Bruce Cassidy, (our former Chief Executive Officer through June 14, 2022) the Chairman of our Board of Directors, to acquire certain assets of a company acquired previously by Excel through an assignment for the benefit of creditors. Ultimate Gamer, LLC (“UG”), which was formerly in the business of organizing and operating in-person and online video game competitions tournaments, originally owned these assets. The purchased assets included the brand name Ultimate Gamer. We purchased a portion of UG assets, consisting primarily of intellectual property, including trademarks, domain name registrations, and UG’s databases of users and gamers for 1,500,000 Other related party transactions: On July 11, 2022, the Company sold 833,332 0.30 250,000 25 Effective January 1, 2023, the Company assumed the office lease of a related party, ZenSports, Inc. The lease expired on September 30, 2023 6,500

INCOME TAXES

INCOME TAXES	12 Months Ended
	Jun. 30, 2024
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 14 - INCOME TAXES Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. A full valuation allowance is established against all net deferred tax assets as of June 30, 2024 and 2023 based on estimates of recoverability. While the Company has optimistic plans for its business strategy, it determined that such a valuation allowance was necessary given the current and expected near term losses and the uncertainty with respect to its ability to generate sufficient profits from its business model. Because of the impacts of the valuation allowance, there was no income tax expense or benefit for the years ended June 30, 2024 and 2023. A reconciliation of the differences between the effective and statutory income tax rates for the years ended June 30, 2024 and 2023: SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION Amount Percent Amount Percent June 30, 2024 June 30, 2023 Amount Percent Amount Percent Federal statutory rates $ (3,511,140 ) 21.0 % $ (1,474,929 ) 21.0 % State income taxes (285,468 ) 1.7 % (119,917 ) 1.7 % Valuation allowance against net deferred tax assets 3,796,608 -22.7 % 1,594,846 -22.7 % Effective rate $ - 0.0 % $ - 0.0 % At June 30, 2024 and 2023, the significant components of the deferred tax assets are summarized below: SCHEDULE OF DEFERRED TAX ASSETS June 30, 2024 June 30, 2023 Deferred income tax asset Net operating loss carryforwards $ 5,532,054 $ 1,719,859 Debt extinguishment/modification 614,946 436,407 Depreciation and amortization 135,395 (106,863 ) Gain or loss on sale (128 ) (128 ) Unrealized gains and losses on investments 2,352,522 222,062 Impairments 14,276 14,276 Accrued Interest 151,482 69,574 Non-cash compensation 41,600 18,118 Capitalized Sec 174 R&D 226,025 60,649 Amortization of 174 R&D (34,732 ) (6,065 ) Total deferred income tax asset 9,033,440 2,427,889 Less valuation allowance (9,033,440 ) (2,427,889 ) Total deferred income tax asset $ - $ - The valuation allowance increased by $ 6,605,551 The Company has recorded as of June 30, 2024 and 2023 a valuation allowance of $ 9,033,440 2,427,889 The Company conducts an analysis of its tax positions and has concluded that it has no uncertain tax positions as of June 30, 2024 and 2023. The Company has net operating loss carry-forwards of approximately $ 24,000,000

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Jun. 30, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 15 - SUBSEQUENT EVENTS In accordance with ASC 855-10, the Company has analyzed its operations subsequent to June 30, 2024, to the date, these financial statements were issued, and as of September 23, 2024, there were no other material subsequent events to disclose in these financial statements with the exception of the events below. On July 25, 2024, the maturity dates of the Convertible Note Purchase Agreements and Convertible Promissory Notes with all three unrelated parties were extended for the additional term of one year. All other terms of the agreements remained the same. On August 7, 2024, $ 4,410,000 5,000,000 4,110,000 On August 7, 2024, the Company entered into a Sixth Amended and Restated Discretionary Non-Revolving Line of Credit Demand Note with Excel Family Partners, LLLP, a Florida limited liability limited partnership (“Excel”) in the principal amount of not more than $ 4,110,000 2,000,000 80 0.50 On August 7, 2024, the Company entered into a new Discretionary Non-Revolving Line of Credit Demand Note with Excel Family Partners, LLLP, a Florida limited liability limited partnership (“Excel”) in the principal amount of not more than $ 5,000,000 80 0.50 12 On August 13, 2024, the Company borrowed an additional $ 400,000 On August 28, 2024, the Company borrowed an additional $ 475,000 On September 11, 2024, the Company borrowed an additional $ 450,000 As of September 23, 2024, $ 4,410,00 5,735,000 On August 5, 2024, the board of directors approved the winding down and dissolution of its wholly owned subsidiary, UG Acquisition Sub, Inc. On September 20, 2024, the Company changed its legal name from KeyStar Corp. to VIP Play Inc. and changed the per share par value of its capital stock from $0.0001 to $0.001. See Note 1.

OVERVIEW AND ORGANIZATION & S_2

OVERVIEW AND ORGANIZATION & SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The consolidated financial statements presented in this report are of VIP Play, Inc. and its wholly owned subsidiaries. The Company maintains its accounting records on an accrual basis in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”) and pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (the “SEC”).
Principals of Consolidation	Principals of Consolidation The consolidated financial statements represent the results of VIP Play, Inc. and its wholly owned subsidiaries. All intercompany transactions and balances have been eliminated upon consolidation of these entities.
Segment Reporting	Segment Reporting The Company operates as one reportable segment under Accounting Standards Codification “ASC” 280, Segment Reporting.
Fiscal Year End	Fiscal Year End The Company’s year-end is June 30.
Use of Estimates	Use of Estimates The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. Actual results could differ from those estimates. Significant estimates and assumptions reflected in the financial statements relate to and include, but are not limited to, the valuation of debt and equity instruments, the valuation and expensing of equity awards, accounting for contingencies and uncertainties, purchase price allocations, including fair value estimates of intangible assets, the estimated useful lives of fixed assets and intangible assets, internally developed software costs and accrued expenses.
Going Concern	Going Concern The Company’s consolidated financial statements are prepared using the accrual method of accounting in accordance with accounting principles generally accepted in the United States of America and have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities in the normal course of business. The Company has an accumulated deficit of $ 43,504,774 30,385,693 20,782,894 11,301,366 The Company is dependent upon, among other things, achieving a level of profitable operations and receiving additional cash infusions including securing additional lines of credit and raising additional capital through placement of preferred and/or common stock in order to implement its business plan. There can be no assurance that the Company will be successful in order to continue as a going concern. The Company is funding its initial operations by securing a related party demand line of credit, a related party note payable, issuing preferred stock, and issuing common stock through private placements. We cannot be certain that capital will be provided when it is required or in amounts sufficient to meet our operating requirements. Management believes the existing shareholders, the prospective new investors, and future revenues will provide the additional cash needed to meet the Company’s obligations as they become due and will allow the development of its core business operations. No assurance can be given that any future financing will be available or, if available, that it will be on terms that are satisfactory to the Company. Even if the Company is able to obtain additional financing, it may contain restrictions on our operations, in the case of debt financing, or cause substantial dilution for our stockholders, in the case of equity financing. These financial statements do not include any adjustments to reflect the possible future effect on the recoverability and classification of assets or the amounts and classifications of liabilities that may result from the outcome of these uncertainties. Management believes that the actions presently being taken to obtain additional funding and implement its strategic plan provides the opportunity for our Company to continue as a going concern.
Cash and Equivalents	Cash and Equivalents Cash includes amounts deposited in financial institutions in excess of insurable Federal Deposit Insurance Company (FDIC) limits. At times throughout the year, the Company may maintain cash balances in certain bank accounts in excess of FDIC limits. As of June 30, 2024, the Company maintained a total cash balance which was $ 9,304
Cash Reserved for Users	Cash Reserved for Users The Company maintains separate bank accounts to segregate users’ funds from operational funds. User funds are held by KeyStar TN, LLC, a Tennessee limited liability company and wholly owned subsidiary of the Company, which was organized for the purpose of protecting users’ funds in the event of creditor claims. As of June 30, 2024 and 2023, approximately $ 228,000 21,000
Equipment	Equipment Equipment is stated at cost, less accumulated depreciation and amortization. Depreciation is calculated using the straight-line method over the asset’s estimated useful life. Expenditures for maintenance and repairs are expensed as incurred. When retired or otherwise disposed of, the related carrying value and accumulated depreciation are removed from the respective accounts, and the net difference less any amount realized from the disposition is reflected in earnings. Estimated useful lives are as follows: SUMMARY OF PLANT AND EQUIPMENT ESTIMATED USEFUL LIVES Equipment 3 5
Intangible assets include developed technology, internally developed software and website development costs, gaming license, and trade marks.	Intangible assets include developed technology, internally developed software and website development costs, gaming license, and trade marks. Internally developed capitalized software and website development and the VIP Play, Inc. trade name is stated at cost, less accumulated amortization on the balance sheet. Amortization is calculated using the straight-line method over the asset’s estimated useful life. The capitalization policy for the company is to capitalize intangible assets greater than $ 5,000 Estimated useful lives are as follows: SUMMARY OF ESTIMATED LIVES OF INTANGIBLE ASSETS Developed technology 5 Capitalized software and website development 3 Trade marks 3 5
Developed Technology	Developed Technology Developed technology primarily relates to the design and development of sports betting software for online sportsbook.
Internally Developed Software	Internally Developed Software Software that is developed for internal use is accounted for pursuant to ASC 350-40, Intangibles, Goodwill and Other—Internal-Use Software. Qualifying costs incurred to develop internal-use software are capitalized when (i) the preliminary project stage is completed, (ii) management has authorized further funding for the completion of the project and (iii) it is probable that the project will be completed and perform as intended. These capitalized costs include compensation for employees who develop internal-use software and external costs related to development of internal use software. Capitalization of these costs ceases once the project is substantially complete and the software is ready for its intended purpose. Internally developed software is amortized using the straight-line method over an estimated useful life. All other expenditures, including those incurred in order to maintain an intangible asset’s current level of performance, are expensed as incurred. When intangible assets are retired or disposed of, the cost and accumulated amortization thereon are removed, and any resulting gain or losses are included in the consolidated statements of operations.
Gaming licenses	Gaming licenses Certain costs, generally legal and professional fees, are required to attain jurisdictional gaming licenses in order to legally operate our core sports betting business. Gaming licenses, with indefinite useful lives, are tested at least on an annual basis as to the assets that have been impaired. Intangible assets determined to have an indefinite useful life are not amortized. Gaming licenses are assets that are determined to have an indefinite useful life are not amortized and are included in intangible assets in the balance sheet. Annual gaming license fees and legal and professional fees required to maintain the licenses are recorded as period costs in the statement of operations.
Trademarks	Trademarks Trademarks are carried at cost and are mainly related to branding and promotion, with indefinite useful lives. The Company tests at least on an annual basis whether trademarks with indefinite useful lives are impaired. Intangible assets determined to have an indefinite useful life are not amortized and are included in intangible assets in the balance sheet. The Company conducts its annual impairment tests at June 30 of each year or whenever events and changes in circumstances suggest that the carrying amount may not be recoverable. At June 30, 2023, management determined that the acquired Ultimate Gamer trademarks were fully impaired pursuant to the annual impairment test and, as such has written off the carrying value of trademarks.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets Intangible assets include the cost of developed technology, trademarks and trade names and gaming licenses. Intangible assets are amortized utilizing the straight-line method over their remaining economic useful lives. The Company reviews long-lived assets and intangible assets for potential impairment annually and when events or changes in circumstances indicate the carrying amount of an asset may not be recoverable. In the event the expected undiscounted future cash flows resulting from the use of the asset is less than the carrying amount of the asset, an impairment loss is recorded equal to the excess of the asset’s carrying value over its fair value. If an asset is determined to be impaired, the loss is measured based on quoted market prices in active markets, if available. If quoted market prices are not available, the estimate of fair value is based on various valuation techniques, including a discounted value of estimated future cash flows. In the event that management decides to no longer allocate resources to an asset, an impairment loss equal to the remaining carrying value of the asset is recorded. The Company performed a qualitative test as of June 30, 2023, and determined that the common control developed technology and trademarks acquired would no longer be invested in and would not be generating cash flows for the foreseeable future. Impairment charges of $ 48,533 not
Lease Commitments	Lease Commitments On October 1, 2023, the Company entered into a lease for office space in Miami, Florida. The lease expires on October 31, 2024 , and has a minimum monthly lease payment of $ 6,500 . On February 4, 2024, the Company entered into a lease for office space in Sarasota, Florida. The lease expires on February 1, 2025 1,600 Total rental expense for the years ended June 30, 2024 and 2023 was $ 97,618 55,615 ASC Topic 842 provides for certain practical expedients when adopting the guidance. The Company elected to apply the short-term lease exception; therefore, the Company will not record an ROU asset or corresponding lease liability for leases with an initial term of twelve months or less that are not reasonably certain of being renewed and instead will recognize a single lease cost allocated over the lease term, generally on a straight-line basis.
Fair Value of Financial Instruments	Fair Value of Financial Instruments The Company recognized the fair value of financial instruments in accordance with FASB ASC 820, Fair Value Measurements and Disclosures, “Fair Value Measurements”, which provides a framework for measuring fair value under GAAP. 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. The standard also expands disclosures about instruments measured at fair value and establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value: Level 1 - Quoted prices for identical assets and liabilities in active markets; Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, such as quoted market prices for similar assets and liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the asset or liability. Level 3 - Unobservable inputs that are support by little to no market activity. The Company’s derivative liabilities are carried at fair value and are classified as Level 3 liabilities. The Company’s financial instruments consist principally of cash, prepaid expenses, accounts payable, accrued expenses, related party notes payable, related party line of credit, and notes payable approximate the fair value because of their short maturities. The Company’s Derivative liabilities are determined based on “Level” 3 inputs, which are significant and unobservable and have the lowest priority. There were no transfers into our out of “Level 3” during the years ended June 30, 2024, or 2023. SCHEDULE OF DERIVATIVE LIABILITIES Description Total fair Quoted prices Significant other Significant Derivative liability (1) $ 11,273,000 $ - $ - $ 11,273,000 Description Total fair Quoted prices Quoted prices Quoted prices Derivative liability (1) $ 6,859,452 $ - $ - $ 6,859,452 (1) The Company has estimated the fair value of these derivatives using the Monte-Carlo model. Fair value estimates are made at a specific point in time, based on relevant market information and information about the financial statement. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. Changes in assumptions could transfer a liability in an orderly transaction between willing and able maker participants. In general, the Company’s policy in estimating fair values is to first look at observable market prices for the identical assets and liabilities in active markets, where available. When these are not available other inputs used to model fair value such as prices of similar instruments, yield curves, volatilities., prepayment speeds, default rates credit spreads, rely first on observable data from active markets. Depending on the availability of observable inputs and prices, different valuation models could produce materially different fair value estimates. The values presented may not represent future fair value as discussed above.
Derivative Liabilities	Derivative Liabilities The Company accounts for derivative instruments in accordance with ASC 815, “ Derivatives and Hedging 11,273,000 6,859,452
Players Balances	Players Balances Players balances were comprised of sports betting deposits assumed and recorded at the fair market value acquired from ZenSports, Inc. on August 26, 2022, as part of an asset purchase agreement. The balances as of June 30, 2024 and 2023, are comprised of players betting deposits and contestant prize winnings for eSports and other promotional events. During May 2023, the Company was approved by the state of Tennessee for its Sports Betting license and commenced Sports Betting operations on June 8, 2023, as such, the Company began accepting new sports betting deposits in addition to recording only payouts on the acquired players liability balances. As per the Tennessee Sports Wagering Council, the Company is required to maintain a reserve in the form of cash, cash equivalents and/or irrevocable letter of credit along with a required $ 500,000
Revenue Recognition	Revenue Recognition The Company records revenue in accordance with ASC Topic 606, Revenue from Contracts with Customers (“ASC 606”). ASC 606 requires companies to recognize revenue in a way that depicts 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. In addition, the standard requires more detailed disclosures to enable readers of the financial statements to understand the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. The Company determines revenue recognition through the following steps: ● Identify the contract, or contracts, with the customer; ● Identify the performance obligations in the contract; ● Determine the transaction price; ● Allocate the transaction price to performance obligations in the contract; and ● Recognize revenue when, or as, the Company satisfies performance obligations by transferring the promised good or services. The Company provides online sportsbook betting services with its technical infrastructure to its direct customers. Sportsbook or sports betting involves a user wagering money on an outcome or series of outcomes occurring. When a user’s wager wins, the Company pays the user a pre-determined amount known as fixed odds. Sportsbook revenue is generated by setting odds such that there is a built-in theoretical margin in each sports wagering opportunity offered to users. Sportsbook revenue is generated from users’ wagers net of payouts made on users’ winning wagers and incentives awarded to users. Each wager placed by a user creates a single performance obligation for the Company. The performance obligation is satisfied once the event wagered on has been completed. Any unsettled wagers are recorded as a players balance liability. Net gaming revenue is the aggregate of gaming wins and losses based on results of each event that customers wager bets on.
Cost of Revenue	Cost of Revenue Cost of revenue consists primarily of variable costs, principally recurring online platform costs directly associated with revenue-generating activities including payment processing and supporting technology costs, web hosting, regulatory compliance software, Sports Betting privilege taxes and federal excise taxes on wagers.
Revenue Recognition from our former business	Revenue Recognition from our former business The Company recognizes revenue in accordance with generally accepted accounting principles as outlined in the Financial Accounting Standard Board’s (“FASB”) Accounting Standards Codification (“ASC”) 606, Revenue From Contracts with Customers, which consists of five steps to evaluating contracts with customers for revenue recognition: (a) identify the contract with the customer; (ii) identity the performance obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price; and (v) recognize revenue when or as the entity satisfied a performance obligation. Revenue recognition for our prior business occurred at the time we satisfy a service performance obligation to our customers or when control of product transfers to customers upon shipment, provided there are no material remaining performance obligations required of the Company or any matters of customer acceptance. We only recorded revenue when collectability was probable. All payments are received upon order of services and prior to delivery of the product, so we have no accounts receivable. The Company’s prior business was providing quality merchandise through its former online store in the United States of America. Due to the COVID-19 pandemic, the Company was focusing on providing disposable face masks and KN-95 face masks at affordable prices. Customers ordered and paid for the products through the online store, when the Company confirmed the order and payment, the Company delivered the product through common carriers, at which point the Company recognized revenue, as this is when our performance obligation is satisfied. The Company recorded actual sales returns when the customers return the products. The transaction price has not been affected by returns as the Company did have significant returns. All prior business operations, including sales and revenues, are included in the net income (loss) from discontinued operations, net of income taxes in the statement of operations. For the year ended June 30, 2023, the Company recognized e-commerce sales of products $ 101 435
Cost of Revenues from our former business	Cost of Revenues from our former business Costs of revenues from our prior business primarily consisted of outsourced vendors for both types of revenues. The Company includes product costs (i.e., material, direct labor, and overhead costs) and shipping and handling expenses in cost of revenues. All prior business operations, including cost of revenues, are included in the net income (loss) from discontinued operations, net of income taxes in the statement of operations.
Stock -based Compensation	Stock -based Compensation The Company records stock-based compensation in accordance with ASC 718 “Compensation- Stock Compensation”, using the fair value method. All transactions in which services are the consideration received for the issuance of equity instruments are accounted for based on the fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable. The Company accounts for Stock-based compensation awards issued to non-employees for services as prescribed by ASC 718, at either the fair value of the services rendered or the instruments issued in exchange for such services, whichever is more readily determinable, using the measurement date guidelines enumerated in Accounting Standards Updated (“ASU”) 2018-07. The Company uses the Black Scholes pricing model to calculate the fair value of stock-based awards. This model is affected the Company’s stock price as well as assumptions regarding a number of subjective variables. These subjective variables include, but are not limited to, the Company’s expected stock price volatility over the term of the awards, and actual projected employee stock option exercise behaviors. The value of the portion of the award that is ultimately expected to vest is recognized as an expense in the consolidated statement of operations over the requisite service period.
Sales and Marketing	Sales and Marketing Sales and marketing expenses consist primarily of expenses associated with advertising and costs related to free to play contests. Advertising costs are expensed as incurred and are included in sales and marketing expense in our condensed consolidated unaudited statements of operations. Advertising costs include those costs associated with communicating with potential customers and generally use some form of media, such as internet, radio, print, television, or billboards. Advertising costs also include costs associated with strategic league and team partnerships. During the years ended June 30, 2024 and 2023, advertising costs were $ 3,517,265 276,783
General and Administrative	General and Administrative General and administrative expenses consist of costs not related to sales and marketing, product and technology or revenue. General and administrative costs include professional services (including legal, regulatory, audit and accounting), rent and facilities maintenance, contingencies and insurance.
Income Taxes	Income Taxes The Company accounts for income taxes under an asset and liability approach. This process involves calculating the temporary and permanent differences between the carrying amounts of the assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The temporary differences result in deferred tax assets and liabilities, which would be recorded on the Company’s balance sheet in accordance with ASC 740, which established financial accounting and reporting standards for the effect of income taxes. The Company must assess the likelihood that its deferred tax assets will be recovered from future taxable income, and, to the extent the Company believes that recovery is not likely, the Company must establish a valuation allowance. Changes in the Company’s valuation allowance in a period are recorded through the income tax provision on the statements of operations. ASC 740-10 clarifies the accounting for uncertainty in income taxes recognized in an entity’s financial statements and prescribes a recognition threshold and measurement attributes for financial statement disclosure of tax positions taken or expected to be taken on a tax return. Under ASC 740-10, the impact of an uncertain income tax position on the income tax return must be recognized at the largest amount that is more likely than not to be sustained upon audit by the relevant taxing authority. An uncertain income tax position will not be recognized if it has less than a 50% likelihood of being sustained
Earnings (loss) per Share	Earnings (loss) per Share Basic net (loss) earnings per common share is computed by dividing net (loss) income by the weighted average number of vested common shares outstanding during the period. Diluted net income per common share is computed by dividing net income by the weighted average number vested of common shares, plus the net impact of common shares (computed using the treasury stock method), if dilutive, resulting from the exercise of dilutive securities. In periods when losses are reported, the weighted-average number of common shares outstanding excludes common stock equivalents because their inclusion would be anti-dilutive. As of June 30, 2024 and 2023 the Company excluded the common stock equivalents summarized below, which entitle the holders thereof to ultimately acquire shares of common stock, from its calculation of earnings per share, as their effect would have been anti-dilutive. SCHEDULE OF EARNINGS (LOSS) PER SHARE ANTI-DILUTIVE For the year ended For the year ended Stock Options 4,250,000 6,500,000 Series B Preferred Shares 1,169,300 1,169,300 Series C Preferred Shares - 8,333,327 Warrants 10,000,000 5,600,000 Shares issuable upon conversion of line of credit 26,551,338 17,130,907 Shares issuable upon conversion of convertible notes 2,125,000 - Total potentially dilutive shares 44,095,638 38,733,534
Recent Accounting Pronouncements	Recent Accounting Pronouncements In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments In October 2023, the Financial Accounting Standards Board (“FASB”) issued ASU 2023-06, “Disclosure Improvements: Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative” (“ASU 2023-06”). This ASU incorporates certain SEC disclosure requirements into the FASB Accounting Standards Codification (“ASC”). The amendments in the ASU are expected to clarify or improve disclosure and presentation requirements of a variety of ASC Topics, allow users to more easily compare entities subject to the SEC’s existing disclosures with those entities that were not previously subject to the requirements, and align the requirements in the ASC with the SEC’s regulations. The ASU has an unusual effective date and transition requirements since it is contingent on future SEC rule setting. If the SEC fails to enact required changes by June 30, 2027, this ASU is not effective for any entities. Early adoption is not permitted. The Company is currently evaluating the impact that the adoption of this standard will have on its consolidated financial statements. In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): “Improvements to Reportable Segment Disclosures” (“ASU 2023-07”) to update reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses and information used to assess segment performance. This update is effective beginning with the Company’s 2024 fiscal year annual reporting period, with early adoption permitted. The Company is currently evaluating the impact that the adoption of this standard will have on its consolidated financial statements. In December 2023, the FASB issued ASU 2023-09, “Improvements to Income Tax Disclosures” (“ASU 2023-09”) to enhance the transparency and decision-usefulness of income tax disclosures, particularly in the rate reconciliation table and disclosures about income taxes paid. This ASU applies to all entities subject to income taxes. This ASU will be effective for public companies for annual periods beginning after December 15, 2024. The Company is currently evaluating the impact that the adoption of this standard will have on its consolidated financial statements. Management does not believe that any other recently issued, but not yet effective, accounting standard if currently adopted would have a material effect on the accompanying consolidated financial statements.

OVERVIEW AND ORGANIZATION & S_3

OVERVIEW AND ORGANIZATION & SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
SUMMARY OF PLANT AND EQUIPMENT ESTIMATED USEFUL LIVES	SUMMARY OF PLANT AND EQUIPMENT ESTIMATED USEFUL LIVES Equipment 3 5
SUMMARY OF ESTIMATED LIVES OF INTANGIBLE ASSETS	Estimated useful lives are as follows: SUMMARY OF ESTIMATED LIVES OF INTANGIBLE ASSETS Developed technology 5 Capitalized software and website development 3 Trade marks 3 5
SCHEDULE OF DERIVATIVE LIABILITIES	SCHEDULE OF DERIVATIVE LIABILITIES Description Total fair Quoted prices Significant other Significant Derivative liability (1) $ 11,273,000 $ - $ - $ 11,273,000 Description Total fair Quoted prices Quoted prices Quoted prices Derivative liability (1) $ 6,859,452 $ - $ - $ 6,859,452 (1) The Company has estimated the fair value of these derivatives using the Monte-Carlo model.
SCHEDULE OF EARNINGS (LOSS) PER SHARE ANTI-DILUTIVE	SCHEDULE OF EARNINGS (LOSS) PER SHARE ANTI-DILUTIVE For the year ended For the year ended Stock Options 4,250,000 6,500,000 Series B Preferred Shares 1,169,300 1,169,300 Series C Preferred Shares - 8,333,327 Warrants 10,000,000 5,600,000 Shares issuable upon conversion of line of credit 26,551,338 17,130,907 Shares issuable upon conversion of convertible notes 2,125,000 - Total potentially dilutive shares 44,095,638 38,733,534

EQUIPMENT (Tables)

EQUIPMENT (Tables)	12 Months Ended
	Jun. 30, 2024
Property, Plant and Equipment [Abstract]
SCHEDULE OF EQUIPMENT, CAPITALIZED SOFTWARE AND WEBSITE	The Company’s equipment consisted of the following as of: SCHEDULE OF EQUIPMENT, CAPITALIZED SOFTWARE AND WEBSITE June 30, 2024 June 30, 2023 Equipment $ 4,980 $ 4,980 Total 4,980 4,980 Less: accumulated depreciation 2,827 1,167 Equipment, net $ 2,153 $ 3,813

STRATEGIC ASSET ACQUISITIONS (T

STRATEGIC ASSET ACQUISITIONS (Tables)	12 Months Ended
	Jun. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
SCHEDULE OF PRELIMINARY ANALYSIS FOR THE ASSET ACQUISITION	The table below shows the analysis for the ZenSports asset acquisition: SCHEDULE OF PRELIMINARY ANALYSIS FOR THE ASSET ACQUISITION Purchase consideration at fair value: Common Stock $ 6,500,000 Cash, net of prepaid expenses and players liabilities 481,054 Transaction fees 250,000 Amount of consideration $ 7,231,054 Assets acquired and liabilities assumed at relative fair market value: Current assets $ 52,869 Players liability (39,222 ) Developed technology 6,678,308 Trade name 539,099 Net assets acquired $ 7,231,054
SUMMARY OF THE ASSETS ACQUIRED	A summary of the assets acquired at provisional net book value (NBV) allocated is as follows: SUMMARY OF THE ASSETS ACQUIRED Website $ 26,637 Trademarks 21,896 Equipment 7,903 Total assets acquired at provisional net book value $ 56,436

LONG LIVED AND OTHER INTANGIB_2

LONG LIVED AND OTHER INTANGIBLE ASSETS (Tables)	12 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
SCHEDULE OF LONG-LIVED AND OTHER INTANGIBLE ASSETS	Long-lived and other intangible assets held, net of impairment are comprised of the following at: SCHEDULE OF LONG-LIVED AND OTHER INTANGIBLE ASSETS June 30, 2024 June 30, 2023 Developed technology $ 7,998,598 $ 7,521,638 Tradenames and trademarks 560,999 560,999 Gaming licenses 135,837 135,837 Impairment charges (48,533 ) (48,533 ) Total 8,646,901 8,169,941 Less: accumulated amortization (1,886,606 ) (102,743 ) Net carrying value $ 6,760,295 $ 8,067,198
SCHEDULE OF INTANGIBLE ASSETS	As of June 30, 2024, intangible assets consisted of the following: SCHEDULE OF INTANGIBLE ASSETS Estimated Useful Life Remaining Weighted Average Useful Life Gross Carrying Amount Accumulated Amortization Net Carrying Amount Finite lived intangible assets: Developed technology 5 3.94 $ 6,678,308 $ 1,417,285 $ 5,261,023 Internally developed software 3 1.94 1,280,157 347,037 933,120 Trademarks and tradenames 5 3.94 539,099 114,409 424,690 Website 3 1.27 13,500 7,875 5,625 Total finite lived intangible assets $ 8,511,064 $ 1,886,606 $ 6,624,458 Indefinite lived intangible assets: Gaming license Indefinite $ 135,837 $ - $ 135,837 Total indefinite lived intangible assets: $ 135,837 $ - $ 135,837 Total intangible assets: $ 8,646,901 $ 1,886,606 $ 6,760,295
SCHEDULE OF FUTURE AMORTIZATION OF INTANGIBLE	The estimated future amortization of intangibles subject to amortization at June 30, 2024 was as follows: SCHEDULE OF FUTURE AMORTIZATION OF INTANGIBLE For the Years Ended June 30, Amount 2025 $ 1,874,700 2026 1,862,796 2027 1,443,481 2028 1,443,481 Total $ 6,624,458

CONVERTIBLE DEBT (Tables)

CONVERTIBLE DEBT (Tables)	12 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
SCHEDULE OF SIGNIFICANT ASSUMPTIONS CONVERTIBLE DEBT	The following are the significant assumptions used in the Monte-Carlo model. See Note 9. SCHEDULE OF SIGNIFICANT ASSUMPTIONS CONVERTIBLE DEBT Expected Risk-free Expected Expected life At September 1, 2023 68.2 % 4.87 % 0 % 2.00

NOTES PAYABLE AND NOTES PAYAB_2

NOTES PAYABLE AND NOTES PAYABLE – RELATED PARTY (Tables)	12 Months Ended
	Jun. 30, 2024
Credit Derivatives [Line Items]
SCHEDULE OF FUTURE AGGREGATE MATURITIES OF PROMISSORY NOTE	The following represents the future aggregate maturities of the promissory note with Mr. Linss as of June 30, 2024 SCHEDULE OF FUTURE AGGREGATE MATURITIES OF PROMISSORY NOTE Fiscal year ending June 30, Amount 2025 $ 618,216 2026 512,527 2027 - 2028 - 2029 - Thereafter - Total $ 1,130,743
Black Scholes Model [Member]
Credit Derivatives [Line Items]
SCHEDULE OF SIGNIFICANT ASSUMPTIONS BLACK-SCHOLES MODEL	The following are the significant assumptions used in the Black-Scholes model: SCHEDULE OF FAIR VALUE OF DERIVATIVES Expected volatility Risk-free Expected Expected life At February 24, 2023 111.60 % 4.20 % 0 % 2
Black Scholes Model [Member] | Warrant [Member]
Credit Derivatives [Line Items]
SCHEDULE OF SIGNIFICANT ASSUMPTIONS BLACK-SCHOLES MODEL	The following are the significant assumptions used in the Black-Scholes model: SCHEDULE OF SIGNIFICANT ASSUMPTIONS BLACK-SCHOLES MODEL Expected volatility Risk-free Expected Expected life At May 5, 2023 111.60 % 4.20 % 0 % 5

LINE OF CREDIT - RELATED PARTY

LINE OF CREDIT - RELATED PARTY (Tables)	12 Months Ended
	Jun. 30, 2024
Monte Carlo Pricing Model [Member]
Credit Derivatives [Line Items]
SCHEDULE OF FAIR VALUE OF DERIVATIVES	The following are the significant assumptions used in the Monte-Carlo model. SCHEDULE OF FAIR VALUE OF DERIVATIVES Expected volatility Risk-free interest rate Expected dividend yield Expected life (in years) At February 24, 2023 108.5 % 4.84 % 0 % 1.77
Black Scholes Model [Member]
Credit Derivatives [Line Items]
SCHEDULE OF FAIR VALUE OF DERIVATIVES	The following are the significant assumptions used in the Black-Scholes model: SCHEDULE OF FAIR VALUE OF DERIVATIVES Expected volatility Risk-free Expected Expected life At February 24, 2023 111.60 % 4.20 % 0 % 2
Black Scholes Model Warrants [Member]
Credit Derivatives [Line Items]
SCHEDULE OF FAIR VALUE OF DERIVATIVES	The following are the significant assumptions used in the Black-Scholes model for the warrants: SCHEDULE OF FAIR VALUE OF DERIVATIVES Expected Risk-free Expected Expected life At July 18, 2023 83.4 % 4.62 % 0 % 4.8 The following are the significant assumptions used in the Black-Scholes model for the warrants: Expected Risk-free Expected Expected life At September 13, 2023 86.5 % 4.60 % 0 % 4.95 The following are the significant assumptions used in the Black-Scholes model for the warrants: Expected Risk-free Expected Expected life At December 27, 2023 153.5 % 3.83 % 0 % 4.71

DERIVATIVE LIABILITIES (Tables)

DERIVATIVE LIABILITIES (Tables)	12 Months Ended
	Jun. 30, 2024
Derivative Liabilities
SCHEDULE OF FAIR VALUE OF FINANCIAL LIABILITIES	The table below sets forth a summary of the changes in the fair value of the Company’s Level 3 financial liabilities for the years ended June 30, 2024 and 2023: SCHEDULE OF FAIR VALUE OF FINANCIAL LIABILITIES Balance at the beginning of the period $ - Embedded conversion option of convertible debt 5,888,692 Change in the fair value of the embedded conversion option 970,760 Balance at June 30, 2023 $ 6,859,452 Embedded conversion option of convertible debt 2,169,364 Derivative liability extinguished upon conversion of debt (Note 8) (7,288,574 ) Change in the fair value of the embedded conversion option 9,532,758 Balance at June 30, 2024 $ 11,273,000
SCHEDULE OF FAIR VALUE MEASUREMENT	SCHEDULE OF FAIR VALUE MEASUREMENT Expected Risk-free Expected Expected life At June 30, 2023 108 114 % 4.20 5.18 0 % .5 2 At June 30, 2024 57.50 68.5 % 4.66 5.03 % 0 % 1.17 2.25

STOCK OPTIONS (Tables)

STOCK OPTIONS (Tables)	12 Months Ended
	Jun. 30, 2024
Retirement Benefits [Abstract]
SCHEDULE OF OUTSTANDING AND EXERCISABLE OPTIONS	Below is a table summarizing the changes in stock options outstanding for the year ended June 30, 2024: SCHEDULE OF OUTSTANDING AND EXERCISABLE OPTIONS Number of Shares Underlying Outstanding Options Weighted Average Remaining Contractual Life Weighted Average Exercise Price Intrinsic Value Options outstanding as of June 30, 2023 3,250,000 9 $ 0.50 $ - Options exercisable as of June 30, 2023 717,361 9 $ 0.50 $ - Granted - - - - Exercised - - - - Forfeited or expired 1,175,000 - 0.50 $ - Options outstanding as of June 30, 2024 2,075,000 7.65 $ 0.50 $ 518,750 Options exercisable as of June 30, 2024 1,517,361 7.65 $ 0.50 $ 379,340
SCHEDULE OF BLACK-SCHOLES VALUATION MODEL FOR ESTIMATING FAIR VALUE OF THE OPTIONS	The Company utilized the Black-Scholes valuation model for estimating fair value of the options. Each grant was evaluated based upon assumptions at the time of the grant. The assumptions used during the year ended December June 30, 2024 were as follows: SCHEDULE OF BLACK-SCHOLES VALUATION MODEL FOR ESTIMATING FAIR VALUE OF THE OPTIONS Year Ended Exercise Price: $ 0.50 Volatility: 111.60 % Risk Free Rate: 4.20 % Vesting Period: 10 Expected Life 1.5

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Jun. 30, 2024
Income Tax Disclosure [Abstract]
SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION	A reconciliation of the differences between the effective and statutory income tax rates for the years ended June 30, 2024 and 2023: SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION Amount Percent Amount Percent June 30, 2024 June 30, 2023 Amount Percent Amount Percent Federal statutory rates $ (3,511,140 ) 21.0 % $ (1,474,929 ) 21.0 % State income taxes (285,468 ) 1.7 % (119,917 ) 1.7 % Valuation allowance against net deferred tax assets 3,796,608 -22.7 % 1,594,846 -22.7 % Effective rate $ - 0.0 % $ - 0.0 %
SCHEDULE OF DEFERRED TAX ASSETS	At June 30, 2024 and 2023, the significant components of the deferred tax assets are summarized below: SCHEDULE OF DEFERRED TAX ASSETS June 30, 2024 June 30, 2023 Deferred income tax asset Net operating loss carryforwards $ 5,532,054 $ 1,719,859 Debt extinguishment/modification 614,946 436,407 Depreciation and amortization 135,395 (106,863 ) Gain or loss on sale (128 ) (128 ) Unrealized gains and losses on investments 2,352,522 222,062 Impairments 14,276 14,276 Accrued Interest 151,482 69,574 Non-cash compensation 41,600 18,118 Capitalized Sec 174 R&D 226,025 60,649 Amortization of 174 R&D (34,732 ) (6,065 ) Total deferred income tax asset 9,033,440 2,427,889 Less valuation allowance (9,033,440 ) (2,427,889 ) Total deferred income tax asset $ - $ -

SUMMARY OF PLANT AND EQUIPMENT

SUMMARY OF PLANT AND EQUIPMENT ESTIMATED USEFUL LIVES (Details) - Equipment [Member]	Jun. 30, 2024
Minimum [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment useful life	3 years
Maximum [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment useful life	5 years

SUMMARY OF ESTIMATED LIVES OF I

SUMMARY OF ESTIMATED LIVES OF INTANGIBLE ASSETS (Details)	Jun. 30, 2024
Developed Technology Rights [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives	5 years
Computer Software, Intangible Asset [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives	3 years
Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives	5 years
Trademarks [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives	3 years
Trademarks [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives	5 years

SCHEDULE OF DERIVATIVE LIABILIT

SCHEDULE OF DERIVATIVE LIABILITIES (Details) - USD ($)		Jun. 30, 2024		Jun. 30, 2023		Jun. 30, 2022
Platform Operator, Crypto Asset [Line Items]
Derivative liability	[1]	$ 11,273,000		$ 6,859,452
Fair Value, Inputs, Level 1 [Member]
Platform Operator, Crypto Asset [Line Items]
Derivative liability	[1]
Fair Value, Inputs, Level 2 [Member]
Platform Operator, Crypto Asset [Line Items]
Derivative liability	[1]
Fair Value, Inputs, Level 3 [Member]
Platform Operator, Crypto Asset [Line Items]
Derivative liability		$ 11,273,000	[1]	$ 6,859,452	[1]
[1]The Company has estimated the fair value of these derivatives using the Monte-Carlo model.

SCHEDULE OF EARNINGS (LOSS) PER

SCHEDULE OF EARNINGS (LOSS) PER SHARE ANTI-DILUTIVE (Details) - shares	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	44,095,638	38,733,534
Share-Based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	4,250,000	6,500,000
Series B Preferred Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	1,169,300	1,169,300
Series C Preferred Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total		8,333,327
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	10,000,000	5,600,000
Conversion of Line of Credit [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	26,551,338	17,130,907
Conversion of Convertible Notes [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	2,125,000

OVERVIEW AND ORGANIZATION & S_4

OVERVIEW AND ORGANIZATION & SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)					1 Months Ended	12 Months Ended
		Feb. 04, 2024	Oct. 01, 2023	Jan. 01, 2023	May 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Accumulated deficit						$ 43,504,774	$ 13,119,081
Net loss from continuing operations						30,385,693	11,328,496
Working capital deficit						20,782,894
Cash flows from continuing operations						(11,301,366)
Cash balance of FDIC limits						9,304
Cash reserved						228,000	21,000
Capitalize intangible assets						5,000
Impairment charges							48,533
Lease expiration date		Feb. 01, 2025	Oct. 31, 2024	Sep. 30, 2023
Monthly lease payment		$ 1,600	$ 6,500	$ 6,500
Rental expense						97,618	55,615
Derivative liability	[1]					11,273,000	6,859,452
Reserve in the form of cash					$ 500,000
Advertising costs						$ 3,517,265	276,783
Income tax examination likelihood of unfavorable settlement						less than a 50% likelihood of being sustained
E Commerce Sales [Member]
Revenues from sales							101
Convention Services [Member]
Revenues from sales							$ 435
[1]The Company has estimated the fair value of these derivatives using the Monte-Carlo model.

SCHEDULE OF EQUIPMENT, CAPITALI

SCHEDULE OF EQUIPMENT, CAPITALIZED SOFTWARE AND WEBSITE (Details) - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Property, Plant and Equipment [Line Items]
Total	$ 4,980	$ 4,980
Less: accumulated depreciation	2,827	1,167
Equipment, net	2,153	3,813
Equipment [Member]
Property, Plant and Equipment [Line Items]
Total	$ 4,980	$ 4,980

EQUIPMENT (Details Narrative)

EQUIPMENT (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 1,660	$ 1,740

SCHEDULE OF PRELIMINARY ANALYSI

SCHEDULE OF PRELIMINARY ANALYSIS FOR THE ASSET ACQUISITION (Details) - USD ($)		12 Months Ended
	Aug. 26, 2022	Jun. 30, 2024
Zensports Inc [Member]
Asset Acquisition [Line Items]
Current assets	$ 52,869
Players liability	(39,222)
Net assets acquired	7,231,054
Zensports Inc [Member] | Developed Technology Rights [Member]
Asset Acquisition [Line Items]
Trade name	6,678,308
Zensports Inc [Member] | Trade Names [Member]
Asset Acquisition [Line Items]
Trade name	539,099
Zensports Inc [Member]
Asset Acquisition [Line Items]
Common stock	6,500,000
Cash, net of prepaid expenses and players liabilities	481,054	$ 500,000
Transaction fees	250,000	$ 250,000
Amount of consideration	$ 7,231,054

SUMMARY OF THE ASSETS ACQUIRED

SUMMARY OF THE ASSETS ACQUIRED (Details) - Ultimate Gamer LLC [Member]	Jun. 30, 2024 USD ($)
Business Acquisition [Line Items]
Total Assets Acquired at provisional net book value	$ 56,436
Equipment [Member]
Business Acquisition [Line Items]
Total Assets Acquired at provisional net book value	7,903
Website [Member]
Business Acquisition [Line Items]
Total Assets Acquired at provisional net book value	26,637
Trademarks [Member]
Business Acquisition [Line Items]
Total Assets Acquired at provisional net book value	$ 21,896

STRATEGIC ASSET ACQUISITIONS (D

STRATEGIC ASSET ACQUISITIONS (Details Narrative) - USD ($)		12 Months Ended
	Aug. 26, 2022	Jun. 30, 2024	Jun. 30, 2023	Dec. 28, 2023
Asset Acquisition [Line Items]
Price per share				$ 0.50
Stock issued for acquisitions, value			$ 6,500,000
Intangible assets fully impaired			48,533
Ultimate Gamer LLC [Member]
Asset Acquisition [Line Items]
Intangible assets fully impaired			$ 48,533
Zensports Inc [Member]
Asset Acquisition [Line Items]
Cash paid on asset acquisition	$ 500,000
Stock issued for acquisitions, shares	6,500,000
Price per share	$ 1	$ 1
Stock issued for cash, shares	750,000
Cash paid on asset acquisition	$ 481,054	$ 500,000
Number of shares issued as per agreement		5,850,000
Acquisition fees	$ 250,000	$ 250,000
Fair value of the assets acquired		$ 7,231,000
Zensports Inc [Member] | Purchase Agreement [Member]
Asset Acquisition [Line Items]
Number of shares issued as per agreement		650,000
Ultimate Gamer LLC [Member]
Asset Acquisition [Line Items]
Stock issued for acquisitions, shares		1,500,000
Stock issued for acquisitions, value		$ 56,436

SCHEDULE OF LONG-LIVED AND OTHE

SCHEDULE OF LONG-LIVED AND OTHER INTANGIBLE ASSETS (Details) - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Finite-Lived Intangible Assets [Line Items]
Total	$ 8,646,901	$ 8,169,941
Impairment charges	(48,533)	(48,533)
Less: accumulated amortization	(1,886,606)	(102,743)
Net carrying value	6,760,295	8,067,198
Developed Technology Rights [Member]
Finite-Lived Intangible Assets [Line Items]
Total	7,998,598	7,521,638
Less: accumulated amortization	(1,417,285)
Trademarks and Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Total	560,999	560,999
License [Member]
Finite-Lived Intangible Assets [Line Items]
Total	$ 135,837	$ 135,837

SCHEDULE OF INTANGIBLE ASSETS (

SCHEDULE OF INTANGIBLE ASSETS (Details) - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 8,511,064
Accumulated amortization	1,886,606	$ 102,743
Net carrying amount	6,624,458
Gross carrying amount	135,837
Accumulated amortization
Gross carrying amount	8,646,901	8,169,941
Accumulated amortization	1,886,606
Net carrying amount	$ 6,760,295	8,067,198
Gaming License [Member]
Finite-Lived Intangible Assets [Line Items]
Remaining weighted average	Indefinite
Gross carrying amount	$ 135,837
Accumulated amortization
Developed Technology Rights [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful life	5 years
Remaining weighted average	3 years 11 months 8 days
Gross carrying amount	$ 6,678,308
Accumulated amortization	1,417,285
Net carrying amount	5,261,023
Gross carrying amount	$ 7,998,598	$ 7,521,638
Internally Developed Software [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful life	3 years
Remaining weighted average	1 year 11 months 8 days
Gross carrying amount	$ 1,280,157
Accumulated amortization	347,037
Net carrying amount	$ 933,120
Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful life	5 years
Remaining weighted average	3 years 11 months 8 days
Gross carrying amount	$ 539,099
Accumulated amortization	114,409
Net carrying amount	$ 424,690
Website [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful life	3 years
Remaining weighted average	1 year 3 months 7 days
Gross carrying amount	$ 13,500
Accumulated amortization	7,875
Net carrying amount	$ 5,625

SCHEDULE OF FUTURE AMORTIZATION

SCHEDULE OF FUTURE AMORTIZATION OF INTANGIBLE (Details)	Jun. 30, 2024 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2025	$ 1,874,700
2026	1,862,796
2027	1,443,481
2028	1,443,481
Total	$ 6,624,458

LONG LIVED AND OTHER INTANGIB_3

LONG LIVED AND OTHER INTANGIBLE ASSETS (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Finite-Lived Intangible Assets [Line Items]
Intangible assets fully impaired		$ 48,533
Developed Technology Rights [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets fully impaired	26,637
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets fully impaired	21,896
Amortization expense	331,689	6,589
License [Member]
Finite-Lived Intangible Assets [Line Items]
Impairment	0	0
Intellectual Property [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization expense	1,452,172	96,154
Asset Purchase Agreement [Member]
Finite-Lived Intangible Assets [Line Items]
Impairment	$ 0	$ 0

PLAYERS BALANCES (Details Narra

PLAYERS BALANCES (Details Narrative) - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Players balances	$ 313,758	$ 134,946

SCHEDULE OF SIGNIFICANT ASSUMPT

SCHEDULE OF SIGNIFICANT ASSUMPTIONS CONVERTIBLE DEBT (Details) - Monte Carlo Pricing Model [Member]	Sep. 01, 2023	Feb. 24, 2023
Measurement Input, Price Volatility [Member]
Short-Term Debt [Line Items]
Debt measurement input		108.5
Measurement Input, Risk Free Interest Rate [Member]
Short-Term Debt [Line Items]
Debt measurement input		4.84
Measurement Input, Expected Dividend Rate [Member]
Short-Term Debt [Line Items]
Debt measurement input		0
Measurement Input, Expected Term [Member]
Short-Term Debt [Line Items]
Debt measurement input		1.77
Convertible Debt [Member] | Measurement Input, Price Volatility [Member]
Short-Term Debt [Line Items]
Debt measurement input	68.2
Convertible Debt [Member] | Measurement Input, Risk Free Interest Rate [Member]
Short-Term Debt [Line Items]
Debt measurement input	4.87
Convertible Debt [Member] | Measurement Input, Expected Dividend Rate [Member]
Short-Term Debt [Line Items]
Debt measurement input	0
Convertible Debt [Member] | Measurement Input, Expected Term [Member]
Short-Term Debt [Line Items]
Debt measurement input	2

CONVERTIBLE DEBT (Details Narra

CONVERTIBLE DEBT (Details Narrative) - USD ($)	Jun. 30, 2024	Sep. 01, 2023	Aug. 28, 2023	Aug. 23, 2023	Jun. 30, 2023	May 05, 2023
Short-Term Debt [Line Items]
Principal amount						$ 1,600,000
Common stock, par value	$ 0.0001				$ 0.0001
Conversion price	$ 0.50
Debt instrument, convertible, beneficial conversion feature	$ 592,000	$ 764,593
Convertible debt, current	$ 85,407
Convertible Note Purchase Agreement [Member]
Short-Term Debt [Line Items]
Principal amount		150,000	$ 500,000	$ 200,000
Convertible debt offering		$ 2,000,000
Interest rate percentage		12%
Common stock, par value		$ 0.0001
Conversion ratio percentage		80%
Conversion price		$ 1

SCHEDULE OF FUTURE AGGREGATE MA

SCHEDULE OF FUTURE AGGREGATE MATURITIES OF PROMISSORY NOTE (Details)	Jun. 30, 2024 USD ($)
Debt Disclosure [Abstract]
2025	$ 618,216
2026	512,527
2027
2028
2029
Thereafter
Total	$ 1,130,743

SCHEDULE OF SIGNIFICANT ASSUM_2

SCHEDULE OF SIGNIFICANT ASSUMPTIONS BLACK-SCHOLES MODEL (Details) - Black Scholes Model [Member]	Dec. 27, 2023	Sep. 13, 2023	Jul. 18, 2023	May 05, 2023
Measurement Input, Price Volatility [Member]
Credit Derivatives [Line Items]
Warrant measurement input	153.5	86.5	83.4	111.60
Measurement Input, Risk Free Interest Rate [Member]
Credit Derivatives [Line Items]
Warrant measurement input	3.83	4.60	4.62	4.20
Measurement Input, Expected Dividend Rate [Member]
Credit Derivatives [Line Items]
Warrant measurement input	0	0	0	0
Measurement Input, Expected Term [Member]
Credit Derivatives [Line Items]
Warrant measurement input	4.71	4.95	4.8	5

NOTES PAYABLE AND NOTES PAYAB_3

NOTES PAYABLE AND NOTES PAYABLE – RELATED PARTY (Details Narrative) - USD ($)								12 Months Ended
	May 24, 2024	Apr. 01, 2024	Feb. 27, 2024	May 24, 2023	May 05, 2023	Feb. 27, 2023	Dec. 30, 2020	Jun. 30, 2024	Jun. 30, 2023	Jun. 28, 2024	Feb. 19, 2024	Sep. 14, 2023	Jul. 25, 2022	Apr. 27, 2020
Short-Term Debt [Line Items]
Principal amount					$ 1,600,000
Proceeds from notes payable, related party									$ 377,438
Purchase price value									22,000
Interest expense								$ 194,934	28,511
Maturity date					Nov. 04, 2023
Funding fee					$ 160,000
Purchase of warrants					1,600,000			4,000,000		1,043,479
Warrant exercise price					$ 0.25			$ 0.25
Fair value adjustment of warrants					$ 485,017				485,017
Related party interest expense					$ 160,000
Note discount									323,345
Accrued interest									51,767
Amortization of debt discount									161,672
Short Term Note Payable [Member]
Short-Term Debt [Line Items]
Total premiums, taxes and fees financed	$ 318,557			$ 434,250
Interest rate, stated percentage	9.60%			8.88%
Debt instrument, initial payment	$ 47,784			$ 72,994
Debt instrument, periodic payment	$ 28,382			$ 37,744
Notes payable current								257,612	339,694
Related Party [Member]
Short-Term Debt [Line Items]
Notes payable - related party								30,000	1,306,655
Interest expense									51,167
Excel Family Partners LLLP [Member]
Short-Term Debt [Line Items]
Notes payable - related party												$ 1,600,000
Funding fee												$ 160,000
Promissory Note [Member]
Short-Term Debt [Line Items]
Interest rate per annum						5%
Accrued interest payable								9,746	7,496
Interest expense								3,000	3,000
Purchase price value						$ 300,000
Promissory Note [Member] | Maximum [Member]
Short-Term Debt [Line Items]
Payment of debt						850,000
Promissory Note [Member] | Related Party [Member]
Short-Term Debt [Line Items]
Notes payable - related party								30,000	30,000
Promissory Note [Member] | Chief Financial Officer [Member]
Short-Term Debt [Line Items]
Principal amount														$ 35,000
Interest rate per annum							10%							10%
Accrued interest payable													$ 7,853
Interest expense								0	240
Proceeds from notes payable, related party							$ 30,000
Promissory Note [Member] | Chief Executive Officer [Member]
Short-Term Debt [Line Items]
Principal amount						$ 1,700,000
Accrued interest payable								100,190	28,511
Notes payable - related party								618,216	850,000
Short term debt outstanding								$ 1,130,743	$ 1,700,000
Promissory Note [Member] | John Linss [Member]
Short-Term Debt [Line Items]
Principal amount											$ 1,700,000
Repayments of debt		$ 59,665	$ 425,000

SCHEDULE OF FAIR VALUE OF DERIV

SCHEDULE OF FAIR VALUE OF DERIVATIVES (Details)	Dec. 27, 2023	Sep. 13, 2023	Jul. 18, 2023	May 05, 2023	Feb. 24, 2023
Monte Carlo Pricing Model [Member] | Measurement Input, Price Volatility [Member]
Credit Derivatives [Line Items]
Debt measurement input					108.5
Monte Carlo Pricing Model [Member] | Measurement Input, Risk Free Interest Rate [Member]
Credit Derivatives [Line Items]
Debt measurement input					4.84
Monte Carlo Pricing Model [Member] | Measurement Input, Expected Dividend Rate [Member]
Credit Derivatives [Line Items]
Debt measurement input					0
Monte Carlo Pricing Model [Member] | Measurement Input, Expected Term [Member]
Credit Derivatives [Line Items]
Debt measurement input					1.77
Black Scholes Model [Member] | Measurement Input, Price Volatility [Member]
Credit Derivatives [Line Items]
Debt measurement input					111.60
Warrant measurement input	153.5	86.5	83.4	111.60
Black Scholes Model [Member] | Measurement Input, Risk Free Interest Rate [Member]
Credit Derivatives [Line Items]
Debt measurement input					4.20
Warrant measurement input	3.83	4.60	4.62	4.20
Black Scholes Model [Member] | Measurement Input, Expected Dividend Rate [Member]
Credit Derivatives [Line Items]
Debt measurement input					0
Warrant measurement input	0	0	0	0
Black Scholes Model [Member] | Measurement Input, Expected Term [Member]
Credit Derivatives [Line Items]
Debt measurement input					2
Warrant measurement input	4.71	4.95	4.8	5

LINE OF CREDIT - RELATED PART_2

LINE OF CREDIT - RELATED PARTY (Details Narrative) - USD ($)										12 Months Ended
	Dec. 29, 2023	Dec. 28, 2023	Dec. 27, 2023	Sep. 14, 2023	Sep. 13, 2023	Jul. 18, 2023	May 05, 2023	Feb. 24, 2023	Feb. 22, 2022	Jun. 30, 2024	Jun. 30, 2023	Jun. 28, 2024	Sep. 15, 2023	Aug. 17, 2023	Jul. 24, 2023	Aug. 16, 2022
Maximum borrowing capacity								$ 4,000,000	$ 250,000							$ 2,000,000
Interest rate during period						15%		15%	5%
Conversion percentage								80%
Conversion price										$ 0.50
Issuance of warrants							1,600,000			4,000,000		1,043,479
Exercise price							$ 0.25			$ 0.25
Warrant maturity date										Feb. 01, 2028
Debt issuance costs										$ 7,624,859
Unamortized debt										1,330,173
Principal amount							$ 1,600,000
Shares converted, shares		25,916,632
Convertible amount		$ 10,366,653
Amortization										3,559,088	$ 1,952,708
Line of credit principal										7,670,000	3,851,877
Chief Executive Officer [Member]
Line of credit principal										7,670,000	3,851,877
Line of credit accrued interest										$ 356,002	$ 259,541
Debt Assignee [Member]
Convertible amount			$ 1,540,000
Convertible shares			3,850,000
Warrant [Member]
Issuance of warrants	2,460,000
Exercise price	$ 0.25			$ 0.25		$ 0.25
Issuance of stock				3,400,000		1,000,000
Third Amendment [Member]
Maximum borrowing capacity						$ 5,000,000
Conversion percentage						80%
Debt issuance costs						$ 5,785,727
Share price						$ 0.50
Unamortized debt						$ 5,393,193
Former Note [Member]
Maximum borrowing capacity				$ 10,000,000		$ 5,000,000		$ 4,000,000
Conversion percentage		80%	80%
Conversion price		$ 0.40	$ 0.40
Share price		$ 0.50	$ 0.50
Principal amount			$ 1,540,000
Extinguishment of debt		$ 10,366,653	$ 10,366,653
Shares converted, shares			25,916,632
Former Note [Member] | Excel Family Partners LLLP [Member]
Shares converted, shares			22,066,632
Convertible amount			$ 8,826,653
Fourth Amendment [Member]
Maximum borrowing capacity				$ 10,000,000
Conversion percentage				80%
Debt issuance costs				$ 6,668,666
Share price				$ 0.50
Unamortized debt				$ 5,308,162
Outstanding principal balance				6,888,801									$ 250,000
Outstanding amount															$ 4,251,877
Current borrowing capacity				$ 1,760,000										$ 500,000
Unpaid interest					$ 376,924
Principal payment							$ 1,600,000
Fifth Amendment [Member]
Maximum borrowing capacity	$ 2,000,000
Issuance of warrants	2,460,000
Share price	$ 0.50
Conversion ratio percentage	80%

SCHEDULE OF FAIR VALUE OF FINAN

SCHEDULE OF FAIR VALUE OF FINANCIAL LIABILITIES (Details) - USD ($)		12 Months Ended
		Jun. 30, 2024		Jun. 30, 2023
Platform Operator, Crypto Asset [Line Items]
Beginning balance	[1]	$ 6,859,452
Ending balance	[1]	11,273,000		$ 6,859,452
Fair Value, Inputs, Level 3 [Member]
Platform Operator, Crypto Asset [Line Items]
Beginning balance		6,859,452	[1]
Initial valuation of embedded conversion option		2,169,364		5,888,692
Change in the fair value of the embedded conversion option		9,532,758		970,760
Derivative liability extinguished upon conversion of debt		(7,288,574)
Ending balance	[1]	$ 11,273,000		$ 6,859,452
[1]The Company has estimated the fair value of these derivatives using the Monte-Carlo model.

SCHEDULE OF FAIR VALUE MEASUREM

SCHEDULE OF FAIR VALUE MEASUREMENT (Details)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Expected volatility minimum	57.50%	108%
Expected volatility maximum	68.50%	114%
Risk free interest rate minimum	4.66%	4.20%
Risk free interest rate maximum	5.03%	5.18%
Expected dividend yield	0%	0%
Expected life	1 year 6 months
Minimum [Member]
Expected life	1 year 2 months 1 day	6 months
Maximum [Member]
Expected life	2 years 3 months	2 years

STOCKHOLDERS_ DEFICIT (Details

STOCKHOLDERS’ DEFICIT (Details Narrative) - USD ($)									1 Months Ended		12 Months Ended
	Jun. 28, 2024	Jun. 15, 2024	Jan. 08, 2024	Dec. 28, 2023	Feb. 27, 2023	Aug. 26, 2022	Aug. 16, 2022	Jul. 11, 2022	Mar. 31, 2023	Sep. 26, 2022	Jun. 30, 2024	Feb. 27, 2024	Jun. 30, 2023	May 05, 2023
Class of Stock [Line Items]
Common stock, shares authorized											475,000,000		475,000,000
Common stock, par value											$ 0.0001		$ 0.0001
Preferred stock, shares authorized											25,000,000		25,000,000
Preferred stock, par value											$ 0.0001		$ 0.0001
Stock issued for cash, value											$ 300,000		$ 2,767,500
Share price				$ 0.50
Payment for preferred stock													22,000
Purchase price value														$ 1,600,000
Proceeds from issuance of stock											300,000		2,767,500
Number of conversion shares issued				25,916,632
Number of conversion shares, amount				$ 10,366,653
Number of shares issued				12,958,316
Loss on conversion of debt and related derivative liability				$ 798,873							$ (798,873)
Shares of common stock was issued											71,994,990		41,905,000
Issuance of common stock upon cashless exercise of warrants, shares	973,915
Purchase of warrants	1,043,479										4,000,000			1,600,000
Private Placement [Member]
Class of Stock [Line Items]
Stock issued for cash, value										$ 680,000
Stock issued for cash, shares									2,675,000	680,000
Share price									$ 0.50	$ 1
Prooceds from private placement										$ 250,000
Proceeds from issuance of stock									$ 1,337,500
Private Placement One [Member]
Class of Stock [Line Items]
Prooceds from private placement										80,000
Private Placement Two [Member]
Class of Stock [Line Items]
Prooceds from private placement										100,000
Private Placement Three [Member]
Class of Stock [Line Items]
Prooceds from private placement										$ 250,000
Zensports LLC [Member]
Class of Stock [Line Items]
Stock issued for acquisitions, shares						6,500,000
Ultimate Gamer LLC [Member]
Class of Stock [Line Items]
Stock issued for acquisitions, shares											1,500,000
Stock issued for acquisitions, shares						1,500,000
Promissory Note [Member]
Class of Stock [Line Items]
Payment for preferred stock					$ 300,000
Promissory Note [Member] | Chief Executive Officer [Member]
Class of Stock [Line Items]
Purchase price value					$ 1,700,000
Excel Family Partners LLLP [Member]
Class of Stock [Line Items]
Stock issued for cash, shares								1,000,000
Zen SRQ LLC [Member]
Class of Stock [Line Items]
Stock issued for cash, shares								833,332
Core Speed LLC [Member]
Class of Stock [Line Items]
Stock issued for cash, shares								333,333
11 Third Party Investors [Member] | Private Placement [Member]
Class of Stock [Line Items]
Proceeds from sale of equity						$ 750,000
Number of shares sold						750,000
Price per share						$ 1
Nonrelated Party [Member]
Class of Stock [Line Items]
Number of shares sold			400,000
Cash proceeds			$ 300,000
Series A Convertible Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares authorized											2,000,000
Preferred stock liquidation preference											$ 0.10
Preferred stock voting rights											100 votes per share
Shares converted											100
Stock issued for cash, value											$ 0		$ 0
Number of shares outstanding											0		0
Series B Convertible Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares authorized											12,000
Preferred stock liquidation preference											$ 1
Shares converted											100
Proceeds from sale of equity											$ 6,000,000
Stock issued for cash, value											$ 0		$ 0
Number of shares outstanding											11,693		11,693
Series C Convertible Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares authorized											6,700,000
Preferred stock liquidation preference											$ 0.30
Shares converted		2,799,444
Proceeds from sale of equity											$ 6,000,000
Liquidation percenatge											6%
Number of shares outstanding											0		2,499,998
Stock issued for compensation, shares							2,980,000
Share price							$ 0.30
Shares of common stock was issued		2,799,444
Common stock was issued upon the conversion		2,499,998
Series C Convertible Preferred Stock [Member] | Related Party [Member]
Class of Stock [Line Items]
Number of shares sold								2,166,666
Price per share								$ 0.30
Sale of stock, value								$ 650,000
Series C Convertible Preferred Stock [Member] | Zen SRQ LLC [Member]
Class of Stock [Line Items]
Number of shares sold								833,332
Price per share								$ 0.30
Series C Convertible Preferred Stock [Member] | Core Speed LLC [Member]
Class of Stock [Line Items]
Number of shares sold								333,333
Price per share								$ 0.30
Sale of stock, value								$ 100,000
Series A Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares authorized											2,000,000		2,000,000
Shares converted											100
Number of shares outstanding											0		0
Series A Preferred Stock [Member] | Preferred Stock [Member]
Class of Stock [Line Items]
Stock issued for cash, value
Series C Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares authorized											6,700,000		6,700,000
Number of shares outstanding		2,499,998									0		2,499,998
Series C Preferred Stock [Member] | Preferred Stock [Member]
Class of Stock [Line Items]
Stock issued for cash, value
Stock issued for compensation, shares													2,980,000
Deemed dividend on purchase of Preferred Series C Stock, shares												3,313,333	(3,313,333)

SCHEDULE OF OUTSTANDING AND EXE

SCHEDULE OF OUTSTANDING AND EXERCISABLE OPTIONS (Details) - USD ($)		12 Months Ended
	Apr. 10, 2023	Jun. 30, 2024	Jun. 30, 2023
Retirement Benefits [Abstract]
Number of options outstanding		3,250,000
Weighted average remaining life in years outstanding		7 years 7 months 24 days	9 years
Weighted average exercise price outstanding		$ 0.50
Intrinsic value outstanding
Number of options outstanding		717,361
Weighted average remaining contractual life exercisable		7 years 7 months 24 days	9 years
Intrinsic value exercisable
Number of options outstanding	3,150,000
Weighted average exercise price outstanding
Number of options outstanding
Weighted average exercise price outstanding
Number of options outstanding		1,175,000
Weighted average exercise price outstanding		$ 0.50
Number of options outstanding		2,075,000	3,250,000
Weighted average exercise price outstanding		$ 0.50	$ 0.50
Intrinsic value outstanding		$ 518,750
Number of options outstanding		1,517,361	717,361
Weighted average exercise price outstanding		$ 0.50
Intrinsic value exercisable		$ 379,340

SCHEDULE OF BLACK-SCHOLES VALUA

SCHEDULE OF BLACK-SCHOLES VALUATION MODEL FOR ESTIMATING FAIR VALUE OF THE OPTIONS (Details)	12 Months Ended
	Jun. 30, 2024 $ / shares
Retirement Benefits [Abstract]
Exercise price	$ 0.50
Volatility	111.60%
Risk Free Rate	4.20%
Vesting period	10 years
Expected life	1 year 6 months

STOCK OPTIONS (Details Narrativ

STOCK OPTIONS (Details Narrative) - USD ($)			12 Months Ended
	Jun. 16, 2023	Apr. 10, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 28, 2023
Defined Benefit Plan Disclosure [Line Items]
Exercise price					$ 0.50
Awards vest percentage	25%
Shares granted		3,150,000
Estimated fair market value			$ 300,000	$ 2,767,500
Expected term			1 year 6 months
Exercise price			$ 0.50
Expected volatility rate			111.60%
Risk free interest rate			4.20%
Unrecognized compensation expense			$ 365,850
Weighted average period			7 years 7 months 24 days	9 years
Number of options, forfeited			1,175,000
Maximum [Member]
Defined Benefit Plan Disclosure [Line Items]
Expected term			2 years 3 months	2 years
Weighted average period			8 years
June Sixteen [Member] | Measurement Input, Expected Term [Member]
Defined Benefit Plan Disclosure [Line Items]
Expected term		4 years
June Sixteen [Member] | Measurement Input, Share Price [Member]
Defined Benefit Plan Disclosure [Line Items]
Share price		$ 0.50
June Sixteen [Member] | Measurement Input, Exercise Price [Member]
Defined Benefit Plan Disclosure [Line Items]
Exercise price		$ 0.50
June Sixteen [Member] | Measurement Input, Price Volatility [Member]
Defined Benefit Plan Disclosure [Line Items]
Expected volatility rate		111.60%
June Sixteen [Member] | Measurement Input, Risk Free Interest Rate [Member]
Defined Benefit Plan Disclosure [Line Items]
Risk free interest rate		4.20%
May Tenth [Member]
Defined Benefit Plan Disclosure [Line Items]
Shares granted		100,000
May Tenth [Member] | Share-Based Payment Arrangement, Option [Member]
Defined Benefit Plan Disclosure [Line Items]
Expected term		1 year 6 months
Share price		$ 0.50
Exercise price		$ 0.50
Expected volatility rate		111.60%
Risk free interest rate		4.20%
Equity Option [Member] | June Sixteen [Member]
Defined Benefit Plan Disclosure [Line Items]
Estimated fair market value		$ 267,669
Equity Option [Member] | May Tenth [Member]
Defined Benefit Plan Disclosure [Line Items]
Estimated fair market value		$ 2,900
2023 Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Issuance of common stock for cash, shares		3,250,000
Exercise price		$ 0.50
Number of shares authorized but unissued		5,960,000
Awards vest percentage		10%
Shares available for future issuance			3,885,000
ISO [Member]
Defined Benefit Plan Disclosure [Line Items]
Shares granted		800,000
NSO [Member]
Defined Benefit Plan Disclosure [Line Items]
Shares granted		200,000
ISO Officer Awards [Member]
Defined Benefit Plan Disclosure [Line Items]
Shares granted		250,000

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)					1 Months Ended
	Jul. 31, 2024	Mar. 01, 2024	Feb. 23, 2024	Nov. 01, 2023	May 31, 2023	Aug. 31, 2022
Accrual for remaining balance of contract						$ 262,834
Issuance of surety bond					$ 500,000
Annual premium cost					$ 12,500
Damages amount			$ 6,500,000
IntercompanyAgreementsDescription			A settlement and release agreement was entered into on May 23, 2024, whereas Excel Family Partners, LLLP will purchase and ZenSports will sell 1,000,000 (one million) shares of the VIP Play, Inc. Stock and an unsecured promissory note with an initial principal balance of Six Hundred Thousand Dollars ($600,000), payable to ZenSports (the “Note”), which shall be personally guaranteed by Mr. Cassidy
Subsequent Event [Member]
Settlement owed	$ 5,364
Settlement forgiven	$ 187,739
Mark Thomas [Member] | Consulting Agreement [Member]
Annual base salary				$ 200
James Mackey [Member]
Annual base salary		$ 275,000

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)

12 Months Ended

Feb. 27, 2024

Feb. 19, 2024

Feb. 04, 2024

Dec. 28, 2023

Oct. 01, 2023

May 05, 2023

Jan. 10, 2023

Jan. 01, 2023

Sep. 12, 2022

Aug. 16, 2022

Jul. 26, 2022

Jul. 11, 2022

Jun. 30, 2023

Jun. 30, 2024

Jun. 28, 2024

Dec. 29, 2023

Sep. 14, 2023

Jul. 18, 2023

Feb. 27, 2023

Feb. 24, 2023

Feb. 22, 2022

Dec. 30, 2020

Apr. 27, 2020

Related Party Transaction [Line Items]

Value of shares retired

$ 22,000

Principal amount

$ 1,600,000

Warrants exercisable

1,600,000

4,000,000

1,043,479

Maturity date

Nov. 04, 2023

Funding fee

$ 160,000

Warrant exercise price

$ 0.25

$ 0.25

Conversion price

$ 0.50

Conversion percentage

80%

Maximum borrowing capacity

$ 2,000,000

$ 4,000,000

$ 250,000

Lease expiration date

Feb. 01, 2025

Oct. 31, 2024

Sep. 30, 2023

Monthly lease payment

$ 1,600

$ 6,500

$ 6,500

Fourth Amended [Member]

Related Party Transaction [Line Items]

Extinguishment of debt

$ 10,366,653

Conversion price

$ 0.40

Share price

$ 0.50

Conversion percentage

80%

Fifth Amendment [Member]

Related Party Transaction [Line Items]

Warrants exercisable

2,460,000

Share price

$ 0.50

Maximum borrowing capacity

$ 2,000,000

Promissory Note [Member]

Related Party Transaction [Line Items]

Interest rate per annum

5%

Chief Financial Officer [Member] | Promissory Note [Member]

Related Party Transaction [Line Items]

Interest rate per annum

10%

10%

Principal amount

$ 35,000

Chief Executive Officer [Member] | Promissory Note [Member]

Related Party Transaction [Line Items]

Principal amount

$ 1,700,000

John Linss [Member] | First Amendment [Member]

Related Party Transaction [Line Items]

Principal amount

$ 1,700,000

Notes payments

$ 59,665

Notes payment term

24 months

John Linss [Member] | Chief Executive Officer [Member] | First Amendment [Member]

Related Party Transaction [Line Items]

Notes payments

$ 425,000

Core Speed LLC [Member] | Series C Convertible Preferred Stock [Member]

Related Party Transaction [Line Items]

Sale of stock

333,333

Sale of price per share

$ 0.30

Sale of stock, value

$ 100,000

Zixiao Chen [Member]

Related Party Transaction [Line Items]

Payment of related party debt

$ 20,000

Settlement liabilities

77,000

Acccrued expenses

17,837

Gain on assignment of assets

2,163

Value of shares retired

22,000

Zixiao Chen [Member] | Promissory Note [Member]

Related Party Transaction [Line Items]

Payment of related party debt

35,000

Promissory notes issued

$ 35,000

Interest rate per annum

10%

Zixiao Chen [Member] | Chief Financial Officer [Member]

Related Party Transaction [Line Items]

Payment of related party debt

$ 20,000

Zixiao Chen [Member] | Series A Convertible Preferred Stock [Member]

Related Party Transaction [Line Items]

Shares retierd

2,000,000

Bruce Cassidy [Member]

Related Party Transaction [Line Items]

Principal amount

$ 4,000,000

Increase in non-revolving line of credit

$ 2,000,000

Warrants exercisable

4,000,000

Bruce Cassidy [Member] | Series C Convertible Preferred Stock [Member]

Related Party Transaction [Line Items]

Sale of stock

1,000,000

Sale of price per share

$ 0.30

Sale of stock, value

$ 300,000

Excel Family Partners LLLP [Member]

Related Party Transaction [Line Items]

Funding fee

$ 160,000

Excel Family Partners LLLP [Member] | Third Amended [Member]

Related Party Transaction [Line Items]

Principal amount

$ 5,000,000

Warrants exercisable

1,000,000

Excel Family Partners LLLP [Member] | Fourth Amended [Member]

Related Party Transaction [Line Items]

Principal amount

$ 10,000,000

Warrants exercisable

3,400,000

Ultimate Gamer LLC [Member]

Related Party Transaction [Line Items]

Number of shares issued

1,500,000

Zen SRQ LLC [Member] | Former Member Of Board Of Directors [Member]

Related Party Transaction [Line Items]

Ownership percentage by noncontrolling interest

25%

Zen SRQ LLC [Member] | Series C Convertible Preferred Stock [Member]

Related Party Transaction [Line Items]

Sale of stock

833,332

Sale of price per share

$ 0.30

Proceeds from issuance of preferred stock

$ 250,000

Employment Agreement [Member] | John Linss [Member]

Related Party Transaction [Line Items]

Terms of award

3 years

Annual base salary

$ 500,000

Bonuses and stock options

$ 112,000

Employment Agreement [Member] | Mark Thomas [Member]

Related Party Transaction [Line Items]

Annual base salary

$ 380,000

Stock Redemption and Purchase Agreement [Member] | Core Speed LLC [Member]

Related Party Transaction [Line Items]

Payments to acquire equity securities

$ 2,000,000

SCHEDULE OF EFFECTIVE INCOME TA

SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION (Details) - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Federal statutory rates	$ (3,511,140)	$ (1,474,929)
Federal statutory rates, Percent	21%	21%
State income taxes	$ (285,468)	$ (119,917)
State income taxes, Percent	1.70%	1.70%
Valuation allowance against net deferred tax assets	$ 3,796,608	$ 1,594,846
Valuation allowance against net deferred tax assets, Percent	(22.70%)	(22.70%)
Effective rate
Effective rate, Percent	0%	0%

SCHEDULE OF DEFERRED TAX ASSETS

SCHEDULE OF DEFERRED TAX ASSETS (Details) - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Net operating loss carryforwards	$ 5,532,054	$ 1,719,859
Debt extinguishment/modification	614,946	436,407
Depreciation and amortization	135,395	(106,863)
Gain or loss on sale	(128)	(128)
Unrealized gains and losses on investments	2,352,522	222,062
Impairments	14,276	14,276
Accrued Interest	151,482	69,574
Non-cash compensation	41,600	18,118
Capitalized Sec 174 R&D	226,025	60,649
Amortization of 174 R&D	(34,732)	(6,065)
Total deferred income tax asset	9,033,440	2,427,889
Less valuation allowance	(9,033,440)	(2,427,889)
Total deferred income tax asset

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative) - USD ($)	1 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Increase in valuation allowance	$ 6,605,551
Valuation allowance	$ 9,033,440	$ 2,427,889
Operating loss carryforwards		$ 24,000,000

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - USD ($)	Sep. 23, 2024	Sep. 11, 2024	Aug. 28, 2024	Aug. 13, 2024	Aug. 07, 2024	Jun. 30, 2024	Dec. 29, 2023	Feb. 24, 2023	Aug. 16, 2022	Feb. 22, 2022
Subsequent Event [Line Items]
Maximum borrowing capacity								$ 4,000,000	$ 2,000,000	$ 250,000
Conversion percentage								80%
Conversion price						$ 0.50
Subsequent Event [Member]
Subsequent Event [Line Items]
Interest rate per annum					12%
Fifth Amendment [Member]
Subsequent Event [Line Items]
Maximum borrowing capacity							$ 2,000,000
Fifth Amendment [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Current borrowing capacity					$ 4,410,000
Maximum borrowing capacity					5,000,000
Sixth Amendment [Member]
Subsequent Event [Line Items]
Maximum borrowing capacity							$ 2,000,000
Sixth Amendment [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Remaining borrowing capacity	$ 4,410				$ 4,110,000
Conversion percentage					80%
Conversion price					$ 0.50
Discretionary Non Revolving Line of Credit Demand Note [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Current borrowing capacity		$ 450,000	$ 475,000	$ 400,000
Maximum borrowing capacity					$ 5,000,000
Remaining borrowing capacity	$ 5,735,000
Conversion percentage					80%
Conversion price					$ 0.50