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ACQUISITIONS (Tables)
 12 Months Ended
Jun. 30, 2025
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]  
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
     
Common stock  $6,058,500 
Total consideration transferred  $6,058,500 
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
     
Common stock  $136,001,631 
Contingent consideration   20,557,500 
Total consideration transferred  $156,559,131