Stockholders’ Deficit

6 Months Ended

Dec. 31, 2025

Equity [Abstract]

Stockholders’ Deficit

Note 5 – Stockholders’ Deficit

Common stock

On October 9, 2025, the Company entered into an agreement with two accredited investors whereby the investors subscribed for 5,769,400 units, each unit consisting of a share of common stock and a five-year warrant exercisable for one share of common stock at an exercise price of $0.06 per share. The price of the units was $0.03 per unit for aggregate proceeds of $173,000. As part of the agreement, these investors also agreed to forfeit or retire an aggregate of 5,769,400 warrants granted to them in the prior year, which had an exercise price of $0.09 per share and expired between June 21, 2026 and July 11, 2026.

In October 2025, the Company issued an aggregate of 3,300,000 shares of common stock to various consultants for consulting work to be performed for a one-year term. The common stock issued was valued at fair market value on the grant date at $244,000.

On November 25, 2025, certain warrant holders, including the Company’s CEO exercised warrants for an aggregate of 13,700,000 shares of common stock on a cashless basis in accordance with terms of the warrant agreements. As a result, the Company issued 11,495,000 shares of common stock.

Warrants

See warrant activity under common stock above.

A summary of the Company’s warrant activity as of December 31, 2025 is as follows:

	Warrants			Weighted- Average Exercise Price		Weighted-Average Remaining Contractual Life (Years)
Outstanding at June 30, 2025		49,041,323		$	0.053		2.81
- Granted		5,769,400			0.060		5.00
- Exercised		(13,700,000	)		0.014		0.71
- Expired/retired		(5,769,400	)		0.090		3.98
Outstanding at December 31, 2025		35,341,323		$	0.063		2.36

As of December 31, 2025, the intrinsic value of these stock purchase warrants amounted to $323,000.

The following table summarizes additional information concerning warrants outstanding and exercisable at December 31, 2025:

		Warrants Outstanding						Warrants Exercisable
				Weighted		Weighted				Weighted
				Average		Average				Average
Exercise		Number		Remaining		Exercise		Number		Remaining
Price		of Shares		Life (Years)		Price		of Shares		Life (Years)
$	0.013		2,000,000		3.88	$	0.013		2,000,000		3.88
$	0.017		4,500,000		4.16		0.017		4,500,000		4.16
$	0.030		5,000,000		4.01		0.030		5,000,000		4.01
$	0.060		5,769,400		4.77		0.060		5,769,400		4.77
$	0.090		18,071,923		0.51		0.090		18,071,923		0.51
			35,341,323		2.36	$	0.063		35,341,323		2.36