STOCKHOLDER’S EQUITY

9 Months Ended

Mar. 31, 2024

Equity [Abstract]

STOCKHOLDER’S EQUITY

NOTE 10 – STOCKHOLDER’S EQUITY

As of March 31, 2024, the total number of authorized capital stock of the Company consisted of 60 billion shares of voting Common Stock with a par value of $0.001 per share and 500,000,000 shares of Preferred Stock with a par value of $0.001 per share. The rights and terms associated with the Preferred Stock will be determined by the Board of Directors of the Company.

TREASURY STOCK

The balance of treasury stock as of March 31, 2024 was 484,767 shares valued at $44,170 according to cost method.

COMMON STOCK

ISSUANCES OF COMMON STOCK

During the quarter ended March 31, 2024, the Company issued a total of 1,583,493,940 shares of its restricted Common Stock, par value of $0.001, to a number of existing shareholders under the auspices of Rule 144 for cash and 250,000,000 shares of its restricted Common Stock to an investor relations firm for consulting services to be provided for a period of twelve months.

On January 4, 2024, Mast Hill Fund. LP converted $185,000.00 principal amount of the convertible promissory note dated March 14, 2023 together with $18,484.81 interest, $334.52 default interest, $101,742.41 in default amounts, and $1,750.00 for fees totaling $307,311.74 into 1,024,372,467 shares of free-trading Common Stock of the Company

As of March 31, 2024, there were 46,150,489,186 shares of the Company’s common stock issued and outstanding.

PREFERRED STOCK

CLASS B SERIES I PREFERRED STOCK

As of March 31, 2024, there were 600,000 shares of Class B Series Preferred Stock issued and outstanding.