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SUBSEQUENT EVENTS
9 Months Ended
Mar. 31, 2025
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 10 – SUBSEQUENT EVENTS

 

The FASB issued ASC 855, “Subsequent Events.” ASC 855 establishes general standards of accounting for and disclosure of events that occur after the balance sheet date but before financial statements are issued or are available to be issued. The Company has evaluated all events or transactions that occurred after March 31, 2025, up through the date the financial statements were available to be issued.

 

On May 8, 2025, the Company entered into an agreement with OC Kim, its Chief Executive Officer, by which the Company agreed to repurchase fully-vested options to purchase 200,000 shares of the Company’s Common Stock for $746,066.67. The options had been granted under the Company’s 2020 Stock Option Plan.

 

Other than what was described above, the Company did not have any material recognizable subsequent events required to be disclosed to the financial statements as of May 15, 2025.