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SUBSEQUENT EVENTS:
12 Months Ended
Jun. 30, 2023
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS:

12.        SUBSEQUENT EVENTS:

 

The Company has evaluated events that occurred subsequent to June 30, 2023 for recognition and disclosure in the financial statements and notes to the financial statements.

 

From July 1, 2023 through September 28, 2023, the Company has incurred costs of $583,870 for an aggregate of $7,431,630 for the Initial Project. 

 

From July 1, 2023 through September 28, 2023, 38,000 warrants were exercised to purchase 38,000 shares of the Company’s common stock at $0.75 per share for total proceeds of $28,500.

 

On July 7, 2023, the Company issued 7,500 shares of the Company’s common stock to a consultant for services. The shares were issued at $1.20 per share for a total value of $9,000.

On July 21, 2023, Mr. Smith converted $49,048 of principal from his Adjusted 2020 Convertible note into 518,477 Units at a conversion rate of $.0946; each unit consisting of one share and one warrant with the exercise price of $.75 until 7/21/2026. Each of these warrants carry an exercise price adjustment provision of 75%.

 

On August 16, 2023, the Company issued 10,753 shares of the Company’s common stock to a consultant for services. The shares were issued at $1.55 per share for a total value of $16,667.

On August 28, 2023, the Company sold 28,589 units at a price of $1.60 for a total of $45,742.