XML 44 R32.htm IDEA: XBRL DOCUMENT v3.24.3
PROPERTY AND EQUIPMENT (Tables)
12 Months Ended
Jun. 30, 2024
Property, Plant and Equipment [Abstract]  
SCHEDULE OF 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

    

-

 
Property and Equipment Gross   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”).