XML 41 R28.htm IDEA: XBRL DOCUMENT
v3.26.1

INCOME TAXES (Tables) | 9 Months Ended | 12 Months Ended
--- | --- | ---
Mar. 31, 2026 | Jun. 30, 2025
Income Tax Disclosure [Abstract] |  |
SCHEDULE OF INCOME TAX PROVISION | The reconciliation of income tax expense computed at the U.S. federal statutory rate of 21% to the income tax provision for the years ended June 30, 2025 and 2024 is as follows: SCHEDULE OF INCOME TAX PROVISION
US |  | June 30, 2025 |  |  |  |  |  |  | June 30, 2024 |  |  |  |  |
|  | Year Ended |  |  |  |  |
|  | June 30, 2025 |  |  | % |  |  | June 30, 2024 |  |  | % |
Loss before Income taxes |  | $ | (58,923,300 | ) |  |  |  |  |  |  | (1,820,528 | ) |  |  |  |
Taxes under statutory US tax rates |  | $ | (12,373,893 | ) |  |  | 21 | % |  | $ | (393,732 | ) |  |  | 0.7 | %
Increase (decrease) in valuation allowance |  |  | 12,383,827 |  |  |  | (21 | )% |  |  | 306,682 |  |  |  | (0.5 | )%
Foreign tax rate differential |  |  | (54,939 | ) |  |  | 0.1 | % |  |  | (55,358 | ) |  |  | 0.1 | %
Prior period adjustment |  |  | (47,566 | ) |  |  | 0.1 | % |  |  | 76,194 |  |  |  | (0.1 | )%
Other |  |  | 92,571 |  |  |  | (0.2 | )% |  |  | 66,214 |  |  |  | (0.1 | )%
Income tax (expense) benefit |  | $ | - |  |  |  | 0 | % |  | $ | - |  |  |  | 0 | %
| The reconciliation of income tax expense computed at the U.S. federal statutory rate of 21% to the income tax provision for the years ended June 30, 2025 and 2024 is as follows: SCHEDULE OF INCOME TAX PROVISION
US |  | June 30, 2025 |  |  |  |  |  |  | June 30, 2024 |  |  |  |  |
|  | Year Ended |  |  |  |  |
|  | June 30, 2025 |  |  | % |  |  | June 30, 2024 |  |  | % |
Loss before Income taxes |  | $ | (58,923,300 | ) |  |  |  |  |  |  | (1,820,528 | ) |  |  |  |
Taxes under statutory US tax rates |  | $ | (12,373,893 | ) |  |  | 21 | % |  | $ | (393,732 | ) |  |  | 0.7 | %
Increase (decrease) in valuation allowance |  |  | 12,383,827 |  |  |  | (21 | )% |  |  | 306,682 |  |  |  | (0.5 | )%
Foreign tax rate differential |  |  | (54,939 | ) |  |  | 0.1 | % |  |  | (55,358 | ) |  |  | 0.1 | %
Prior period adjustment |  |  | (47,566 | ) |  |  | 0.1 | % |  |  | 76,194 |  |  |  | (0.1 | )%
Other |  |  | 92,571 |  |  |  | (0.2 | )% |  |  | 66,214 |  |  |  | (0.1 | )%
Income tax (expense) benefit |  | $ | - |  |  |  | 0 | % |  | $ | - |  |  |  | 0 | %
SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES | SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES
|  | June 30, 2025 |  |  | June 30, 2024 |
|  | Year Ended |
|  | June 30, 2025 |  |  | June 30, 2024 |
Deferred tax assets |  |  |  |  |  |  |  |
Warrant Derivative Liability |  | $ | 468,457 |  |  | $ | 513,071 |
Accrued Expenses |  |  | 614,493 |  |  |  | 559,723 |
Prepaid Investor Services |  |  | 582,409 |  |  |  | 551,796 |
Non-cash interest |  |  | 817,536 |  |  |  | 817,536 |
Intangibles (Intellectual Property and Patent Cost) |  |  | 367,347 |  |  |  | 351,144 |
Deferred Rent |  |  | 4,114 |  |  |  | 4,492 |
Formation Expense |  |  | 6,553 |  |  |  | 6,553 |
Net Operating Loss carryforward |  |  | 25,483,996 |  |  |  | 9,075,029 |
Gain on extinguishment of debt |  |  | 102,604 |  |  |  | 97,992 |
Stock Based Compensation |  |  | - |  |  |  | 84,028 |
Total Deferred tax assets |  | $ | 28,447,509 |  |  | $ | 12,061,364 |
Deferred tax liabilities |  |  |  |  |  |  |  |
Research and Development |  | $ | (202,718 | ) |  | $ | (170,435 | )
Stock Based Compensation |  |  | (3,960,547 | ) |  |  | - |
Foreign Exchange Loss (OCI) |  |  | (39,379 | ) |  |  | (39,379 | )
Capital Raising Costs |  |  | (398,746 | ) |  |  | (389,258 | )
Total deferred tax liabilities |  | $ | (4,601,390 | ) |  | $ | (599,072 | )
Net deferred tax assets |  | $ | 23,846,119 |  |  | $ | 11,462,292 |
Valuation allowance |  |  | (23,846,119 | ) |  |  | (11,462,292 | )
Net deferred tax assets |  | $ | - |  |  | $ | - |
| SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES
|  | June 30, 2025 |  |  | June 30, 2024 |
|  | Year Ended |
|  | June 30, 2025 |  |  | June 30, 2024 |
Deferred tax assets |  |  |  |  |  |  |  |
Warrant Derivative Liability |  | $ | 468,457 |  |  | $ | 513,071 |
Accrued Expenses |  |  | 614,493 |  |  |  | 559,723 |
Prepaid Investor Services |  |  | 582,409 |  |  |  | 551,796 |
Non-cash interest |  |  | 817,536 |  |  |  | 817,536 |
Intangibles (Intellectual Property and Patent Cost) |  |  | 367,347 |  |  |  | 351,144 |
Deferred Rent |  |  | 4,114 |  |  |  | 4,492 |
Formation Expense |  |  | 6,553 |  |  |  | 6,553 |
Net Operating Loss carryforward |  |  | 25,483,996 |  |  |  | 9,075,029 |
Gain on extinguishment of debt |  |  | 102,604 |  |  |  | 97,992 |
Stock Based Compensation |  |  | - |  |  |  | 84,028 |
Total Deferred tax assets |  | $ | 28,447,509 |  |  | $ | 12,061,364 |
Deferred tax liabilities |  |  |  |  |  |  |  |
Research and Development |  | $ | (202,718 | ) |  | $ | (170,435 | )
Stock Based Compensation |  |  | (3,960,547 | ) |  |  | - |
Foreign Exchange Loss (OCI) |  |  | (39,379 | ) |  |  | (39,379 | )
Capital Raising Costs |  |  | (398,746 | ) |  |  | (389,258 | )
Total deferred tax liabilities |  | $ | (4,601,390 | ) |  | $ | (599,072 | )
Net deferred tax assets |  | $ | 23,846,119 |  |  | $ | 11,462,292 |
Valuation allowance |  |  | (23,846,119 | ) |  |  | (11,462,292 | )
Net deferred tax assets |  | $ | - |  |  | $ | - |

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-9 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-2 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration