ACCRUED LIABILITIES AND OTHER PAYABLES

12 Months Ended

Jun. 30, 2025

Payables and Accruals [Abstract]

ACCRUED LIABILITIES AND OTHER PAYABLES

NOTE 9 – ACCRUED LIABILITIES AND OTHER PAYABLES

Accrued liabilities and other payables consisted of the following:

	June 30, 2025		June 30, 2024
Accrued penalty	$	-	$	9,400
Accrued salaries		9,348		7,147
Accrued consulting fee		210,000		150,000
Accrued legal fee		28,631		-
Other payables		29,587		53,628
Total accrued liabilities and other payable	$	277,566	$	220,175

On August 22, 2023, the Company was charged by the Securities and Exchange Commission with violating Rule 12b-25 by filing a Form 12b-25 “Notification of Late Filing” with respect to its Report on Form 10-Q for the quarter ended March 31, 2022, without including sufficient detail under the circumstances presented as to why the Form 10-Q could not be timely filed. More specifically, the SEC alleged that the delay was the result of an anticipated restatement of financial statements. Further, the Company failed to acknowledge in the Form 12b-25 anticipated significant changes in its results of operations for the first quarter of 2022 as compared to the first quarter of 2021 and to provide an explanation of the changes. Without admitting or denying the findings of the SEC, the Company agreed to a cease-and-desist order that found that the Company filed one deficient Form NT and one untimely Form 8-K. In addition, the Company agreed to pay a fine of $60,000.

The Company recorded the $60,000 fine in September 2023. During the years ended June 30, 2025 and 2024, the Company made a payment of $9,400 and $50,600 to an escrow account, which fund was subsequently released to the SEC. As of June 30, 2025, the Company paid the penalty in full.

Accrued liabilities and other payables are the expenses that will be settled in next twelve months.