Income Taxes (Tables) - Grafiti Holding Inc [Member]

12 Months Ended

Jun. 30, 2024

Income Taxes (Tables) [Line Items]

Schedule of Domestic and Foreign Components of Loss Before Income Taxes

The domestic and foreign components of loss before income taxes for the years ended June 30, 2024, 2023 and 2022 are as follows:

	For the Years Ended June 30,
	2024			2023			2022
Domestic	$	—		$	—		$	—
Foreign		(1,348,357	)		(73,828	)		(63,867	)
Loss before tax	$	(1,348,357	)	$	(73,828	)	$	(63,867	)

Schedule of Income Tax Provision (Benefit)

The income tax provision (benefit) for the years ended June 30, 2024, 2023 and 2022 consists of the following:

	For the Years Ended June 30,
	2024			2023			2022
Foreign	$	—		$	—		$	—
Deferred		132,407			13,195			10,359
		132,407			13,195			10,359
Change in valuation allowance		(132,407	)		(13,195	)		(10,359	)
Income Tax Benefit	$	—		$	—		$	—

Schedule of Reconciliation between the U.S. Statutory Federal Income Tax Rate

The reconciliation between the U.S. statutory federal income tax rate and the Company’s effective rate for the years ended June 30, 2024, 2023 and 2022 is as follows:

	For the Years Ended June 30,
	2024			2023			2022
U.S. federal statutory rate		21.0	%		21.0	%		21.0	%
US-Foreign income tax rate difference		(8.0	)%		(2.0	)%		(2.0	)%
Other permanent items		(3.2	)%		(1.1	)%		(2.8	)%
Change in valuation allowance		(9.8	)%		(17.9	)%		(16.2	)%
Effective Rate		—	%		—	%		—	%

Schedule of Deferred Tax Assets

As of June 30, 2024, 2023 and 2022, the Company’s deferred tax assets consisted of the effects of temporary differences attributable to the following:

	As of June 30,
	2024			2023			2022
Deferred Tax Asset
Net operating loss carryovers	$	123,875		$	72,339		$	56,353
Credit loss reserves		11,942			—			—
Share based compensation		69,023			—			—
Total Deferred Tax Asset		204,840			72,339			56,353
Less: valuation allowance		(204,840	)		(72,339	)		(56,353	)
Deferred Tax Asset, Net of Valuation Allowance	$	—		$	—		$	—