Note 7 - Related Party Transactions

3 Months Ended

Sep. 30, 2023

Notes to Financial Statements

Related Party Transactions Disclosure [Text Block]

NOTE 7 - RELATED PARTY TRANSACTIONS

As of September 30, 2023, $996,043 ( June 30, 2023 - $961,043) was owed to the Company's executives for outstanding managements fees, consulting fees and business-related reimbursements and are without interest or stated terms of repayment.

During the three months ended September 30, 2023, the Company accrued salaries of $37,500 (2022 - $37,500) to the Company’s executives, recognized within related party payable.

On September 9, 2019, the Company entered into a technology and asset purchase agreement with a Company with management in common, refer to Note 4 for details. During the three months ended September 30, 2023, the Company received payments of $6,655 (2022 - $5,700) for license fees as part of the Asset Purchase Agreement.