LOANS PAYABLE – RELATED PARTIES

9 Months Ended

Mar. 31, 2025

Debt Disclosure [Abstract]

LOANS PAYABLE – RELATED PARTIES

NOTE J – LOANS PAYABLE – RELATED PARTIES

The loans payable, related parties, at March 31, 2025 and June 30, 2024 consisted of:

	March 31, 2025		June 30, 2024
Loans payable officers/directors	$	32,929	$	46,019
Consultant, due on demand, 0% interest		-		22,250
Total loans payable, related parties	$	32,929	$	68,269

On November 21, 2024, the Company fully repaid a loan in the amount of $22,250 to the lender, a consultant and related party to the Company. This payment satisfied the outstanding balance in full, effectively retiring the loan obligation. The repayment reflects Global Technologies’ commitment to strengthening its financial position by reducing liabilities and fulfilling its financial commitments. By eliminating this related-party debt, the Company enhances its balance sheet flexibility and reinforces its strategy of responsible financial management.