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SUBSEQUENT EVENTS
9 Months Ended
Mar. 31, 2022
SUBSEQUENT EVENTS  
12. Subsequent Events

12. SUBSEQUENT EVENTS

 

Management has evaluated subsequent events according to the requirements of ASC TOPIC 855, and has reported the following:

 

Issuance of Common Stock

 

On April 27, 2022, the Company issued 100,000 common shares to a consultant for services valued at $5,210, based on the closing market price of the stock on that date.

 

Carthage, New York Operations

 

In March 2022, the Company discontinued its cryptocurrency mining operations in its Carthage, New York facility and transferred the mining equipment previously utilized in New York to its Tioga, Pennsylvania location. Subsequent to March 31, 2022, the Company continued the integration of the equipment to its Tioga facility and estimates these miners will be connected and placed into service in late May or early June 2022.