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CONCENTRATION OF CREDIT RISKS
9 Months Ended
Mar. 31, 2024
CONCENTRATION OF CREDIT RISKS  
CONCENTRATION OF CREDIT RISKS

NOTE 4 – CONCENTRATION OF CREDIT RISKS

 

The Company maintains accounts with financial institutions. All cash in checking accounts is non-interest bearing and is fully insured by the Federal Deposit Insurance Corporation (FDIC). At times, cash balances may exceed the maximum coverage provided by the FDIC on insured depositor accounts. The Company believes it mitigates its risk by depositing its cash and cash equivalents with major financial institutions. On March 31, 2024 and June 30, 2023, the Company had $123,568 and $0 in excess of FDIC insurance, respectively.