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NOTE PAYABLE
12 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
NOTE PAYABLE

NOTE 12. NOTE PAYABLE

 

The Company assumed a note payable due to a distributor as part of an acquisition. The unpaid principal balance of the loan accrues interest at a rate of 0.97% per annum. The balance is reduced by (i) payments of 10% of the Company’s monthly worldwide gross revenue received in the preceding month and (ii) 50% of sales by the Company to the distributor

 

The classification of the notes payables is based on sales forecast prepared by the management.