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Stockholders’ Equity
 3 Months Ended
Sep. 30, 2024
Equity [Abstract]  
Stockholders’ Equity

Note 12 – Stockholders’ Equity

 

Reverse Stock Split

 

On September 9, 2024, our stockholders approved an amendment to our articles of incorporation to effect a 1-for-2 reverse split of our common stock. The amendment to our certificate of incorporation was filed with the Nevada Secretary of State on September 9, 2024. The consolidated financial statements, and all share and per share information contained herein, have been retroactively adjusted to reflect the reverse stock split.

 

As of September 30, 2024 and June 30, 2024, the Company had 110,000,000 shares of authorized capital, par value $0.001, of which 100,000,000 shares are designated as common stock, and 10,000,000 shares are designated as preferred stock, which have liquidation preference over the common stock and are non-voting.

 

Equity Transactions

 

On September 27, 2024, the Company completed its initial public offering of 2,500,000 shares, priced at $4.00 per share.

 

No shares were issued during the three months ended September 30, 2023.

 

As of September 30, 2024 and June 30, 2024 the Company had 11,867,149 and 9,291,149 shares of common stock outstanding, respectively, and no shares of preferred stock issued and outstanding.