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SUBSEQUENT EVENTS | 12 Months Ended
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Jun. 30, 2024
Subsequent Events [Abstract] |
SUBSEQUENT EVENTS | NOTE 13 — SUBSEQUENT EVENTS Related to the June 14, 2024, Private Placement, ranging from July 3, 2024, to October 2, 2024, the Company sold 1,525,316 Units at a price per Unit equal to $1.4726 to a certain investor who paid in cash an aggregate amount of $2,246,181 in consideration of the Units. On August 1, 2024, the Company issued 2,000,000 shares of common stock for consulting services valued at $1,400,000. On August 23, 2024, the Company forfeited 833,333 shares of Common Stock from the original 1,000,000 shares of Common Stock for advisory services granted to Avram Miller, a member of the Company’s board of directors on October 11, 2023. As consideration for and subject to such forfeiture, the Company granted to Mr. Miller, an option to purchase 978,261 shares of Common Stock of the Company with a per-share exercise price equal to the fair market value of a share of the Common Stock on the date thereof, $0.69.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/855/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483399/855-10-50-2 + Details
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