Going Concern and Management's Plans

12 Months Ended

Jun. 30, 2024

Going Concern and Management's Plans [Abstract]

GOING CONCERN AND MANAGEMENT’S PLANS

(2) GOING CONCERN AND MANAGEMENT’S PLANS

The accompanying financial statements are prepared assuming the Company will continue as a going concern. As of June 30, 2024, the Company had an accumulated deficit of $136,050,463 a stockholders’ deficit of $2,653,361, and a working capital deficiency of $2,183,398. For the year ended June 30, 2024, net loss totaled $158,625. The net cash used in operating activities for the year ended June 30, 2024 totaled $15,225. These matters, along with the Company’s lack of any viable business or material financing, raise substantial doubt about the Company’s ability to continue as a going concern for a period of twelve months from the date these financial statements are issued. The ability of the Company to continue as a going concern is dependent upon acquiring a new business through a reverse merger transaction and generating sales and obtaining additional capital and financing. While the Company believes in the viability of its strategy to acquire a profitable business and raise the necessary financing, there can be no assurances to that effect.

The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty.