Related Party Transactions

6 Months Ended

Dec. 31, 2024

Related Party Transactions [Abstract]

Related Party Transactions

Note 3 – Related Party Transactions

Accrued Payroll and Payroll Taxes

The Company accrues salaries and estimated payroll taxes due to employees, a former officer and current officer and director of the Company. As of June 30, 2024, accrued payroll and payroll taxes amounted to $414,000, respectively.

During the six months ended December 31, 2024, the Company recorded an additional $20,000 in accrued salaries and related payroll taxes for an employee and the current officer and director of the Company.

As of December 31, 2024, total accrued payroll and payroll related taxes due to related parties amounted to $434,000.