RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS (Tables)

12 Months Ended

Jun. 30, 2025

Accounting Changes and Error Corrections [Abstract]

SCHEDULE OF RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS

The effect of the restatement adjustments on the consolidated balance sheet at June 30, 2024 follows:

	As previously reported			Restatement Adjustments			As Restated
Cash and cash equivalents	$	115,747		$	-		$	115,747
Accounts receivable		184,692			-			184,692
Prepaid deposits		225,000			(225,000	)(2)		-
Total current assets		525,439			(225,000	)		300,439
Property and equipment (net)		126,607			(126,607	)(3)		-
Goodwill		7,685,636			(7,685,636	)(1)		-
Intangible properties		25,000			(25,000	)(4)		-
Total other assets		7,837,243			(7,837,243	)		-
Total assets	$	8,362,682		$	(8,062,243	)	$	300,439
Accounts payable	$	90,785		$	-		$	90,785
Accrued interest		85,650			-			85,650
Accrued executive compensation		58,333			-			58,333
Notes payable - third party		435,000			-			435,000
Loans payable - related parties		68,269			-			68,269
Contingent consideration		5,764,227			(5,764,227	)(1)		-
Derivative liability		327,947			170,053	(5)		498,000
Total current liabilities and total liabilities		6,830,211			(5,594,174	)		1,236,037
Series K preferred stock		-			-			-
Series N preferred stock		18,645			-			18,645
Class A common stock		1,468,844			-			1,468,844
Additional paid in capital:								-
Class A common stock		162,898,727			-			162,898,727
Preferred stock		1,861,142			-			1,861,142
Exchange shares to be issued		1,921,409			(1,921,409	)(1)		-
Common stock to be issued		30,000			-			30,000
Accumulated deficit		(166,666,296	)		(546,660	)		(167,212,956	)
Total stockholders’ equity (deficiency)		1,532,471			(2,468,069	)		(935,598	)
Total liabilities and stockholders’ equity (deficiency)	$	8,362,682		$	(8,062,243	)	$	300,439

The effect of the restatement adjustments on the consolidated statement of operations for the year ended June 30, 2024 follows:

	As previously reported			Restatement Adjustments			As Restated
Revenue	$	1,057,685		$	-		$	1,057,685
Less: shared revenue		576,630			-			576,630
Net revenue		481,055			-			481,055
Total operating expenses		693,039			-			693,039
Loss from operations		(211,984	)		-			(211,984	)
Gain (loss) on derivative liability		1,545,336			(170,053	)(5)		1,375,283
					(692,603	)(6)		(692,603	)
Forgiveness of debt and accrued interest		196,832			-			196,832
Gain on sale of assets		180,378			-			180,378
Writeoff of prepaid deposits		-			(225,000	)(2)		(225,000	)
Writeoff of property and equipment (net)		-			(126,607	)(3)		(126,607	)
Writeoff of intangible properties		-			(25,000	)(4)		(25,000	)
Interest expense		(205,878	)		-			(205,878	)
Amortization of debt discounts		(692,603	)		692,603	(6)		-
Total other income (expense)		1,024,065			(546,660	)		477,405
Income (loss) before provision of income taxes		812,081			(546,660	)		265,421
Provision for income taxes		-			-			-
Net income (loss)	$	812,081		$	(546,660	)	$	265,421
Basic and diluted income (loss) per common share	$	0.00		$	(0.00	)	$	0.00

NOTE N - RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS (cont’d)

The effect of the restatement adjustments on the consolidated statement of cash flows for the year ended June 30, 2024 follows:

	As previously reported			Restatement Adjustments			As Restated
Net income (loss)	$	812,081		$	(546,660	)	$	265,421
Adjustments to reconcile net income to net cash used in operating activities								-
(Gain) loss on derivative liability		(1,545,336	)		170,053	(6)		(1,375,283	)
					692,603	(6)		692,603
Amortization of debt discounts		692,603			(692,603	)(6)		-
Gain on sale of assets		(180,378	)		-			(180,378	)
Depreciation		16,145			-			16,145
Writeoff of prepaid deposits		-			225,000	(2)		225,000
Writeoff of property and equipment (net)		-			126,607	(3)		126,607
Writeoff of intangible properties		-			25,000	(4)		25,000
Exchange of stock and issuance of								-
Series N Preferred Stock for bonus compensation		182,500			-			182,500
Net acquisition of FTT		25,000			-			25,000
Issuance of Series L Preferred Stock for compensation		120,000			-			120,000
Changes in operating assets and liabilities:								-
Accounts receivable		(184,692	)		-			(184,692	)
Prepaid deposits		(225,000	)		-			(225,000	)
Accounts payable		59,128			-			59,128
Accrued interest		130,878			-			130,878
Accrued executive compensation		58,333			-			58,333
Net cash used in operating activities		(38,738	)		-			(38,738	)
Net cash provided by financing activities		136,185			-			136,185
Net increase in cash and cash equivalents		97,447			-			97,447
Cash and cash equivalents, beginning of period		18,300			-			18,300
Cash and cash equivalents, end of period	$	115,747		$	-		$	115,747