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SUBSEQUENT EVENTS
6 Months Ended
Dec. 31, 2022
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE M - SUBSEQUENT EVENTS

 

During the first quarter of calendar 2023, the Company received notification from FINRA that the proposed corporate action submission, as noted within the Tersus Power Share Exchange Agreement, had passed the allotted time for the corporate action to become effective. The Company is in the process of refiling the same corporate action. The delay on the corporate action becoming effective has required Tersus Power to seek alternate financing and to reevaluate its business plan. There is no guarantee that the corporate action will become effective, and as such, there is no guarantee that the transaction with Tersus Power will be closed.