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DISCONTINUED OPERATIONS (Tables)
12 Months Ended
Jun. 30, 2025
DISCONTINUED OPERATIONS  
Schedule of Assets and Liabilities Classified as Held for Sale

 

 

June 30,

 

 

 

2025

 

 

2024

 

Major classes of assets included as held for sale

 

 

 

 

 

 

Prepaid expenses and other current assets

 

$220

 

 

$-

 

Deposits, current

 

 

-

 

 

 

578,147

 

Current assets held for sale

 

 

220

 

 

 

578,147

 

 

 

 

 

 

 

 

 

 

Property and equipment, net

 

 

72,719

 

 

 

1,343,453

 

Other assets held for sale

 

 

72,719

 

 

 

1,343,453

 

 

 

 

 

 

 

 

 

 

Total major classes of assets held for sale in the consolidated balance sheets

 

$72,939

 

 

$1,921,600

 

 

 

 

 

 

 

 

 

 

Major classes of liabilities included as discontinued operations

 

 

 

 

 

 

 

 

Accounts payable

 

$-

 

 

$843,543

 

 

 

 

 

 

 

 

 

 

Total major classes of liabilities held for sale in the consolidated balance sheets

 

$-

 

 

$843,543

 

Schedule of Discontinued Operations on our Consolidated Income Statements

 

 

During the Years Ended  June 30,

 

 

 

2025

 

 

2024

 

Major classes of line items constituting net income (loss) from discontinued operations

 

 

 

 

 

 

   Digital asset mining revenue

 

$-

 

 

$5,863,935

 

   Cost of revenues – energy, hosting, and other

 

 

-

 

 

 

(3,930,336 )

   Depreciation and amortization

 

 

(1,097,276 )

 

 

(2,835,225 )

   Loss on disposition of property and equipment

 

 

-

 

 

 

(367,404 )

   Impairment expense

 

 

(173,458 )

 

 

(1,101,542 )

   Gain on settlement of payables

 

 

352,397

 

 

 

 

 

   Gain on sale of property and equipment

 

 

88,780

 

 

 

-

 

Total major classes of line items constituting net income (loss) from discontinued operations

 

$(829,557)

 

$(2,370,572)