Promissory Notes – Related Parties

12 Months Ended

Jun. 30, 2024

Promissory Notes – Related Party [Abstract]

PROMISSORY NOTES – RELATED PARTIES

(11) PROMISSORY NOTES – RELATED PARTIES

The following table is a summary of the outstanding related party note balances as of June 30, 2024 and 2023.

Noteholder	Interest Rate	Maturity Date	June 30, 2024		June 30, 2023
Related Party Notes:
Erhfort, LLC	15%	9/30/24	$	100,000	$	100,000
Erhfort, LLC	15%	9/30/24		100,000		100,000
JM One Holdings, LLC	15%	9/30/24		20,000		20,000
Erhfort, LLC	15%	9/30/24		100,000		100,000
Erhfort, LLC	15%	9/30/24		100,000		100,000
Erhfort, LLC	15%	9/30/24		100,000		100,000
Erhfort, LLC	15%	9/30/24		10,000		10,000
Erhfort, LLC	15%	9/30/24		10,000		10,000
Erhfort, LLC	0%	On Demand		2,260		2,260
Erhfort, LLC	0%	On Demand		3,669		3,669
Erhfort, LLC	0%	On Demand		1,620		1,620
Erhfort, LLC	0%	On Demand		1,100		1,100
Viable International Investments, LLC	0%	On Demand		7,865		7,865
Viable International Investments, LLC	0%	On Demand		5,000		5,000
Viable International Investments, LLC	0%	On Demand		5,000		5,000
Viable International Investments, LLC	0%	On Demand		5,000		5,000
Viable International Investments, LLC	0%	On Demand		5,000		5,000
Viable International Investments, LLC	0%	On Demand		3,000		3,000
Viable International Investments, LLC	0%	On Demand		15,000		15,000
Viable International Investments, LLC	0%	On Demand		30,000		30,000
Viable International Investments, LLC	0%	On Demand		10,000		10,000
Viable International Investments, LLC	0%	On Demand		10,000		10,000
Viable International Investments, LLC	0%	On Demand		10,000		10,000
Viable International Investments, LLC	0%	On Demand		5,000		5,000
Viable International Investments, LLC	0%	On Demand		10,000		10,000
Viable International Investments, LLC	0%	On Demand		8,847		8,847
Viable International Investments, LLC	0%	On Demand		12,768		12,768
Viable International Investments, LLC	0%	On Demand		9,988		9,988
Viable International Investments, LLC	0%	On Demand		7,968		7,968
Viable International Investments, LLC	0%	On Demand		6,968		6,968
Viable International Investments, LLC	0%	On Demand		7,786		7,786
Viable International Investments, LLC	0%	On Demand		5,368		5,368
Viable International Investments, LLC	0%	On Demand		5,488		5,488
Viable International Investments, LLC	0%	On Demand		11,568		11,568
Viable International Investments, LLC	0%	On Demand		6,975		6,975
Viable International Investments, LLC	0%	On Demand		411		-
Viable International Investments, LLC	0%	On Demand		1,232		-
Viable International Investments, LLC	0%	On Demand		1,570		-
Viable International Investments, LLC	0%	On Demand		1,570		-
Viable International Investments, LLC	0%	On Demand		1,570		-
Viable International Investments, LLC	0%	On Demand		1,570		-
Viable International Investments, LLC	0%	On Demand		1,570		-
Viable International Investments, LLC	0%	On Demand		1,570		-
Viable International Investments, LLC	0%	On Demand		1,570		-
Viable International Investments, LLC	0%	On Demand		1,570		-
Xi’an IDI	0%	On Demand		10,411		10,411
Total Related Party Notes			$	777,852	$	763,649

During the year ended June 30, 2024, the Company received loan proceeds of $14,203 from Viable International Investments, LLC with an annual interest rate of 0%. During the year ended June 30, 2023, the Company received loan proceeds of $83,724 from Viable International Investments, LLC and $4,980 from Erhfort, LLC with an annual interest rate of 0%. The Company also converted $3,669 of accounts payables into a loan from Erhfort, LLC with an annual interest rate of 0%, with no gain or loss recorded.

The maturity dates for all related party loans originally due on June 30, 2023, except those payable on demand, were extended to September 30, 2024 on June 30, 2023.