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Condensed Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Sep. 30, 2024
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Current Assets          
Cash $ 788,561   $ 395,580 $ 2,069,056  
Accounts receivable 93,043      
Note receivable, net of allowance for credit losses     441,432    
Other current assets 309,162   90,921    
Total Current Assets 1,190,766   486,501    
Non-current assets          
Premises lease deposits 123,604   126,431    
Operating lease right-of-use assets, net 427,910   689,165    
Customer list, net 80,000      
Goodwill 14,045,955      
Non-current assets 15,013,916   1,264,851    
Property and equipment, net 336,447   449,255    
Total Assets 16,204,682   1,751,352    
Current Liabilities          
Accounts payable and accrued liabilities 9,984,195   5,924,121    
Customer deposits 452,432   482,575    
Deferred revenue 164,915      
Current portion of operating lease liabilities 260,074   443,519    
Current portion of finance lease liabilities 6,960   7,141    
Short-term debt 797,368   1,099,489  
Pre-paid security purchase 1,816,558      
Convertible notes   40,630,756    
Financial liability convertible to equity   3,200,000    
Total Current Liabilities 13,482,502   51,787,601    
Long Term Liabilities          
Non-current portion of operating lease liabilities 106,155   235,492    
Non-current portion of finance lease liabilities 165,226   177,403    
Long term debt, net 5,725,101      
Non-current liabilities 5,996,482   412,895    
Total Liabilities 19,478,984   52,200,496    
Commitments and Contingencies      
Stockholders’ (Deficit) Equity          
Common Stock, value 96,983,665   1,938,751    
Preferred shares without par value, unlimited shares authorized, nil shares issued and outstanding as of December 31, 2024 (June 30, 2024 – 3,528,408)   71,590,087    
Additional paid-in capital 17,539,635   16,629,612    
Accumulated other comprehensive loss (income) 1,059      
Accumulated deficit (117,798,661)   (140,607,594)    
Total Stockholders’ Deficit (3,274,302) $ (54,357,637) (50,449,144) (24,469,441)  
Total Liabilities and Stockholders’ Deficit $ 16,204,682   1,751,352    
Grafiti Holding Inc          
Current Assets          
Cash   175,292 1,148,904 264,244 $ 170,166
Accounts receivable   55,865 30,572 94,838 68,437
Note receivable, net of allowance for credit losses   907,897 441,432    
Prepaid expenses   76,721 70,487 682 483
Other current assets   24,614 548    
Total Current Assets   1,240,389 1,691,943 361,071 239,988
Non-current assets          
Property and equipment, net   2,276 2,392 216 1,447
Other assets   265 251 251 4,650
Total Assets   1,242,930 1,694,586 361,538 246,085
Current Liabilities          
Accounts payable   972,125 440,688 447 3,041
Accrued liabilities   104,513 59,921    
Deferred revenue   151,377 144,390 86,635 96,303
Total Current Liabilities   1,228,015 644,999    
Long Term Liabilities          
Long term debt, net   1,974,316 1,506,561    
Total Liabilities   3,202,331 2,151,560 159,150 137,102
Commitments and Contingencies    
Stockholders’ (Deficit) Equity          
Common Stock, value   743,637 679,302 611,972 445,501
Additional paid-in capital   627,478 627,478
Accumulated other comprehensive loss (income)   (11,050) (8,828) (3,015) (3,777)
Accumulated deficit   (3,319,466) (1,754,926) (406,569) (332,741)
Total Stockholders’ Deficit   (1,959,401) (456,974) 202,388 108,983
Total Liabilities and Stockholders’ Deficit   $ 1,242,930 1,694,586 361,538 246,085
Grafiti Holding Inc | Previously Reported          
Current Assets          
Note receivable, net of allowance for credit losses     441,980
Other current assets     1,307 902
Current Liabilities          
Accrued liabilities     56,620 72,068 37,758
Total Current Liabilities     641,698 159,150 137,102
Long Term Liabilities          
Long term debt, net     $ 1,509,862