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Prepaid Expense and Other Current Assets
9 Months Ended
Mar. 31, 2025
Prepaid Expense and Other Current Assets  
Prepaid Expense and Other Current Assets

Note 7. Prepaid Expense and Other Current Assets

 

Prepaid and other receivables consist of the following:

 

 

 

March 31,

2025

 

 

June 30,

2024

 

Insurance

 

$71,760

 

 

$116,074

 

Prepayment to vendors

 

 

104,622

 

 

 

203,556

 

Deposits on services

 

 

10,000

 

 

 

25,550

 

Prepaid monthly rent

 

 

-

 

 

 

60,041

 

Subscriptions and services being amortized over the service period

 

 

39,750

 

 

 

32,500

 

Stock issued for prepaid interest on convertible note payable

 

 

 

 

 

 

64,320

 

Other receivables

 

 

6,196

 

 

 

147

 

 

 

 

 

 

 

 

 

 

Total

 

$232,238

 

 

$502,188

 

 

All prepaid expenses are expected to be expensed during the following 12 months from the reporting date.