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COMMITMENTS AND CONTINGENCIES
12 Months Ended
Jun. 30, 2025
COMMITMENTS AND CONTINGENCIES  
COMMITMENTS AND CONTINGENCIES

NOTE 6 – COMMITMENTS AND CONTINGENCIES

 

Lease Commitments

 

In May 2024, the Company entered into a lease agreement for office space. The lease commenced on May 1, 2024 and expires on October 31, 2025 with monthly of $1,609 throughout the lease term. The Company recognized a right of use asset and liability of $27,482 using a discount rate of 7.5%.

 

The following is a summary of future annual minimum lease payments as of June 30, 2025:

 

Fiscal 2026

 

 

6,436

 

Total minimum lease payments

 

 

6,436

 

Less: Imputed interest

 

 

(59)

Total lease obligations

 

 

6,377

 

Less: current portion

 

 

6,377

 

Long-term portion of lease obligations

 

 

-

 

 

Contingencies

 

The Company may be subject to pending legal proceedings and regulatory actions in the ordinary course of business. The results of such proceedings cannot be predicted with certainty, but the Company does not anticipate that the final outcome, if any, arising out of any such matters will have a material adverse effect on its business, financial condition or results of operations.