Liquidity and Capital Resources

12 Months Ended

Jun. 30, 2024

Liquidity And Capital Resources [Abstract]

Liquidity and Capital Resources [Text Block]

Note 13. Liquidity and Capital Resources

As of June 30, 2024, the Company had $483,918 in cash and cash equivalents, compared to $398,797 as of June 30, 2023. The Company believes that its existing revenue stream, cash flows from consolidated operations, and current capital resources provide sufficient liquidity to fund operations through at least September 30, 2025.

To fully execute on its business strategy of acquiring other entities, the Company will need to raise additional capital. Absent additional financing, the Company may have to curtail its current acquisition strategy.

As discussed in Note 5, on August 1, 2023, the Company entered into a Loan and Security Agreement which is expected to provide additional operating capital to the Company.