PROPERTY AND EQUIPMENT

12 Months Ended

Jun. 30, 2024

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

NOTE H - PROPERTY AND EQUIPMENT

	June 30, 2024			June 30, 2023
Property and Equipment	$	36,363		$	36,363
Software (Customer Relationship Management Sales Platform) (iii)		125,000			-
		161,363			36,363
Less: accumulated depreciation		(34,756	)		(18,611	)
Total	$	126,607		$	17,752

(i)	Property and equipment are stated at cost and depreciated principally on methods and at rates designed to amortize their costs over their useful lives.
(ii)	Depreciation expense for the years ended June 30, 2024 and 2023 was $16,145 and $5,192, respectively.
(iii)	On January 25, 2024, the Company and its wholly owned subsidiary, 10 Fold Services, LLC (“10 Fold Services”), (collectively, the “Buyers”) and Jetco Holdings, LLC (the “Seller”) (together, the “Parties”) entered into an Asset Purchase Agreement (the “Agreement”) for the purchase of a Customer Relationship Management Sales Platform (the “Purchased Asset”).

Under the terms of the Agreement, the Seller shall receive the following aggregate purchase price for the Purchased Asset:

(a)	At Closing, the Company shall issue to Seller 25 shares of Series L Preferred Stock (the “Preferred”);
(b)	Seller shall receive 50% of the net revenue from all sales generated through 10 Fold Services utilizing the Purchased Asset, exclusive of any sales generated for GOe3, LLC;
(c)	Seller shall receive 10 shares of the Preferred when sales through 10 Fold Services reach $500,000, net, utilizing the Purchased Asset, exclusive of any sales generated for GOe3, LLC;
(d)	Seller shall receive 10 shares of the Preferred when sales through 10 Fold Services reach $1,000,000, net, utilizing the Purchased Asset, exclusive of any sales generated for GOe3, LLC; and
(e)	Seller shall receive 25 shares of the Preferred when sales through 10 Fold Services reach $2,000,000, net, utilizing the Purchased Asset, exclusive of any sales generated for GOe3, LLC.

The transaction closed on January 25, 2024. The shares of Series L Preferred Stock due to Seller were issued at Closing.