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Production and Stage Equipment
12 Months Ended
Jun. 30, 2024
Property, Plant and Equipment [Abstract]  
Production and Stage Equipment

NOTE 3 — Production and Stage Equipment

 

Year end production and stage equipment owned by the Company were as follows. The production and stage equipment were not placed into service during the year ended June 30, 2024. There was no equipment at June 30, 2023.

 

      
Production equipment acquired  $1,021,399 
Less: Theft loss   (447,792)
Production equipment, net  $573,607 
Stage equipment acquired  $36,810 
Total Production and Stage equipment  $610,417 

 

On July 8, 2024,the Company became aware of the theft of $447,792 of production equipment from the temporary storage facility where the equipment was stored. The Company has filed a police report and is working with authorities to recover the stolen equipment. The Company has filed an insurance claim and is attempting to mitigate the loss through insurance proceeds. At this time, no amount of insurance recovery can be reasonably assured.