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ACQUISITIONS (Tables) | 12 Months Ended
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Jun. 30, 2025
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] |
Schedule of fair value of assets acquired and liabilities assumed |
Schedule of fair value of assets acquired and liabilities assumed |  |  |  |
Cash |  | $ | 65,851 |
Prepaid & Other Assets |  |  | 151,544 |
Fixed Assets |  |  | 16,243 |
Operating lease ROU |  |  | 624,366 |
Total Assets Acquired: |  |  | 858,004 |
Accounts Payable |  |  | 583,577 |
Accrued Expenses |  |  | 722,508 |
Operating Lease liability |  |  | 624,367 |
Notes Payable |  |  | 1,832,460 |
Total Liabilities Assumed |  |  | 3,762,913 |
Net Assets Acquired |  |  | (2,904,909 | )
Goodwill |  |  | 159,464,040 |
Total Consideration |  | $ | 156,559,131 |
The goodwill recognized is attributable primarily to expected synergies and the assembled workforce of GEDi. None of the goodwill is expected to be deductible for income tax purposes. The fair values of the acquired tangible and intangible assets were determined using variations of the income approach. The income approach valuation methodology used for the intangible assets acquired makes use of Level 3 inputs. The Company recognized approximately $1.2 million of acquisition related costs that were expensed during the period ended June 30, 2024. These costs are included in “selling, general and administrative expenses” in the accompanying condensed consolidated statements of operations. Consolidated unaudited pro forma information: The following consolidated pro forma information assumes that the acquisition of GEDi took place on July 1, 2023 for the statement of operations for the twelve-month period ended June 30, 2024. These amounts have been estimated after applying the Company’s accounting policies:
Revenues |  | $ | — |
Net loss |  | $ | (83,571,822 | )
Bio Symetricsnc Acquisition [Member] |
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] |
Schedule of acquisition date fair value |
Schedule of acquisition date fair value |  |  |  |
Common stock |  | $ | 6,058,500 |
Total consideration transferred |  | $ | 6,058,500 |
Schedule of fair value of assets acquired and liabilities assumed |
Schedule of fair value of assets acquired and liabilities assumed |  |  |  |
Cash |  | $ | (3,822 | )
Prepaid & Other Assets |  |  | 17,405 |
Fixed Assets |  |  | 13,365 |
Total Assets Acquired: |  |  | 26,948 |
Accounts Payable |  |  | 975 |
Accrued Expenses |  |  | 7,594 |
Other Current Liabilities |  |  | 73,879 |
Total Liabilities Assumed |  |  | 82,448 |
Net Assets Acquired |  |  | (55,500 | )
Software |  |  | 143,000 |
Trade Name |  |  | 8,000 |
Goodwill |  |  | 5,963,000 |
Total Consideration |  | $ | 6,058,500 |
G E Di Cube Intl Ltd Acquisition [Member] |
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] |
Schedule of acquisition date fair value |
Schedule of acquisition date fair value |  |  |  |
Common stock |  | $ | 136,001,631 |
Contingent consideration |  |  | 20,557,500 |
Total consideration transferred |  | $ | 156,559,131 |

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