ACCRUED LIABILITIES (Tables)

6 Months Ended

Dec. 31, 2025

Payables and Accruals [Abstract]

Schedule of accrued liabilities

	December 31, 2025		June 30, 2025
Accrued payroll deductions owed to government entities	$	50,377	$	50,988
Accrued bonuses to an officer – related party (1)		2,875,000		2,625,000
Accrued salaries		–		132,377
Accrued vacation		155,893		174,108
Accrued expenses for service providers		–		69,318
Accrued marketing development funds (2)		70,832		673,205
Other accrued liabilities		72,048		72,048
Total	$	3,224,150	$	3,797,044

(1) The balance of Accrued Bonus to an officer consists of two components: the Quarterly Bonus and the Joint Venture Incentive. As of December 31, 2025, no cash payment has been made by the Company for either accrued amount.

On November 10, 2022, the Company and OC Kim, its President, entered into an amendment of the employment agreement dated September 7, 2021. The amendment provides for the payment of an incentive to Mr. Kim, of $125,000 for each calendar quarter during the remaining four-year term of the employment agreement, for an aggregate total of $2 million, with the first such bonus accrued on December 31, 2022. Incentive bonuses of $250,000 have been accrued for six months ended December, 2025, resulting in accrued bonus balances of $1,625,000 and $1,375,000 as of December 31, 2025, and June 30, 2025, respectively.

On September 23, 2024, the Board acknowledged that Mr. Kim had earned an incentive bonus of $1,250,000 for negotiating and securing a joint venture agreement which resulted in the organization of Sigbeat. The Company and Mr. Kim entered into a Forbearance Agreement, dated September 23, 2024, under which Mr. Kim agreed to defer the bonus, in exchange for the Company’s agreement to allow Mr. Kim to defer payment of the $1,000,000 settlement amount owed by Mr. Kim to the Company under a Settlement Agreement, dated June 12, 2024. On January 16, 2025, there was a completed contribution for Common Stock of Sigbeat, and the Company accrued the deferred incentive bonus of $1,250,000 to Mr. Kim.

(2) During the six months ended December 31, 2025, the Company accrued $193,731 in marketing development funds (“MDF”) payable to a customer to support its marketing and promotion programs. Of the total outstanding obligations, $400,000 was offset against accounts receivable requested by the customer, and $396,104 was written off due to the end of the related product's life cycle and obligation. This resulted in a total accrued marketing development fund balance of $70,832 as of December 31, 2025.