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Discontinued Operations - Sale of E-Core (Tables) | 9 Months Ended | 12 Months Ended
--- | --- | ---
Mar. 31, 2025 | Jun. 30, 2024
Discontinued Operations - Sale of E-Core |  |
Schedule of fair value of consideration |  |
Cash |  | $ | 100,000 |
Cash payment, 120 days |  |  | 3,000,000 |
Note payable |  |  | 5,189,718 |
Note payable 2 |  |  | 4,684,029 |
Convertible note payable, convertible at $4.81 per common share |  |  | 2,418,860 |
Common stock, 1,247,402 shares valued at $4.81 per common share, the calculated closing price on October 21, 2022 |  |  | 6,000,000 |
|  | $ | 21,039,765 |
Recognized amounts of identifiable assets acquired, and liabilities assumed: |  |  |  |
Cash |  | $ | 1,014,610 |
Accounts receivable |  |  | 6,699,945 |
Inventory |  |  | 7,750,011 |
Prepaid expenses |  |  | 75,721 |
Trade name |  |  | 1,727,249 |
Customer relationships |  |  | 5,080,305 |
Accrued liabilities |  |  | (192,051 | )
Line of credit |  |  | (7,201,079 | )
Total identifiable net assets |  | $ | 14,635,673 |
Goodwill |  | $ | 6,404,092 |
Schedule of Discontinued Operations - Sale of E-Core |
|  | Three Months Ended |  |  | Nine Months Ended |
|  | March 31, 2024 |  |  | March 31, 2024 |
Discontinued Operations |  |  |  |  |  |
Revenue |  | $ | 9,221,715 |  |  | $ | 38,625,335 |
Cost of sales |  | $ | 7,606,275 |  |  | $ | 33,168,260 |
Sales, general and administrative expenses |  | $ | 1,100,054 |  |  | $ | 3,371,876 |
Depreciation and amortization |  | $ | 403,875 |  |  | $ | 1,211,625 |
Other expenses |  | $ | 74,666 |  |  | $ | 2,476 |
Income from discontinued operations |  | $ | 186,177 |  |  | $ | 871,098 |
Accounts receivable net of allowance for doubtful accounts |  | $ | 4,219,460 |  |  | $ | 4,219,460 |
Fixed assets, net of accumulated depreciation |  | $ | - |  |  | $ | - |
Total assets |  | $ | 25,184,866 |  |  | $ | 25,184,866 |
Total liabilities |  | $ | 5,471,259 |  |  | $ | 5,471,259 |
|  | Years ended June 30, |
|  | 2024 |  |  | 2023 |
Discontinued Operations |  |  |  |  |  |
Revenue |  | $ | 8,707,268 |  |  | $ | 36,623,864 |
Cost of sales |  | $ | 2,051,854 |  |  | $ | 30,334,483 |
Sales, general and administrative expenses |  | $ | 6,076,257 |  |  | $ | 4,026,910 |
Depreciation and amortization |  | $ | 425,263 |  |  | $ | 1,144,313 |
Other expenses |  | $ | (59,742 | ) |  | $ | 37,824 |
Income from discontinued operations |  | $ | 213,636 |  |  | $ | 1,080,379 |
Accounts receivable net of allowance for doubtful accounts |  | $ | - |  |  | $ | 5,796,903 |
Fixed assets, net of accumulated depreciation |  | $ | - |  |  | $ | - |
Total assets |  | $ | - |  |  | $ | 22,400,484 |
Total liabilities |  | $ | - |  |  | $ | 3,401,983 |
Schedule of fair value of consideration paid |  |
Acquisition payable, paid August 5, 2024 |  | $ | 2,000.000 |
Assumption of debt and accrued interest |  |  | 10,636,309 |
|  | $ | 12,636,309 |
Recognized amounts of identifiable assets, liabilities and intangible assets transferred: |  |  |  |
Cash |  | $ | 51,976 |
Accounts receivable |  |  | 5,301,212 |
Inventory |  |  | 1,870,687 |
Prepaid expenses |  |  | 56,476 |
Fixed assets |  |  | - |
Liabilities |  |  | (3,428,549 | )
Total identifiable assets |  |  | 3,851,802 |
Total goodwill and intangible assets |  |  | 10,521,833 |
Total assets transferred |  |  | 14,373,635 |
Purchase price |  | $ | 12,636,309 |
Loss on sale of E-core |  | $ | 1,737,326 |

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