ACQUISITION AND DISPOSITION OF FOXX TROT TANGO, LLC

12 Months Ended

Jun. 30, 2025

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

ACQUISITION AND DISPOSITION OF FOXX TROT TANGO, LLC

NOTE D – ACQUISITION AND DISPOSITION OF FOXX TROT TANGO, LLC

On July 25, 2023, the Company acquired 100% ownership of Foxx Trot Tango, LLC (“Foxx Trot”), the owner of a warehouse building located in Sylvester, Georgia in exchange for Convertible Promissory Notes in the amount of $3,100,000 and the potential issuance of 680 shares of Series L Preferred Stock of the Company.

On March 26, 2024, Foxx Trot closed on the sale of its commercial building located in Sylvester, Georgia for an aggregate cash purchase price of $3,638,750 subject to certain adjustments within the Purchase Agreement. In the year ended June 30, 2024, the dissolution of Foxx Trot was completed.