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SEGMENT INFORMATION | 6 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
SEGMENT INFORMATION | NOTE 4. SEGMENT INFORMATION ASC 280, Segment Reporting, establishes standards for the manner in which companies report financial information about operating segments, products, services, geographic areas and major customers. Our Segments Operating segments are defined as components of an entity for which separate financial information is available and that is regularly reviewed by the Chief Operating Decision Maker (“CODM”) in deciding how to allocate resources to an individual segment and in assessing performance. The Company’s CODM is its Chief Executive Officer. Following the acquisition of IFP, we conduct our business through two operating segments:
| 1) | Commercially available Intelligent Fingerprinting Products (IFPG or IFPG segment)
| 2) | Development Stage Biosensor Platform Technology (BPT segment)
The Company has determined it operates in two operating and reportable segments, as the CODM reviews financial information presented on a consolidated basis accompanied by disaggregated information about revenue and other income by product types for the purpose of allocating resources and evaluating financial performance. Currently, the Company has two products offerings. The IFPG segment accounted for 100% of the Company’s revenue during the three and six months ended December 31, 2024 and 2023. The following tables set forth the Company’s revenue, government support income, net loss and long-lived assets and inventories by operating and reportable segments. SCHEDULE OF REVENUE, GOVERNMENT SUPPORT INCOME, NET LOSS AND LONG LIVED ASSETS AND INVENTORIES A) Revenue, government support income and net loss
|  | IFPG |  |  | BPT |  |  | Total |
|  | Three Months Ended December 31, 2024 |
|  | IFPG |  |  | BPT |  |  | Total |
Revenue |  |  |  |  |  |  |  |  |  |  |  |
United Kingdom |  | $ | 569,775 |  |  | $ | - |  |  | $ | 569,775 |
Australia |  |  | 5,966 |  |  |  | - |  |  |  | 5,966 |
Other |  |  | 31,753 |  |  |  | - |  |  |  | 31,753 |
Total Revenue |  | $ | 607,494 |  |  | $ | - |  |  | $ | 607,494 |
Government Support Income |  |  |  |  |  |  |  |  |  |  |  |
United Kingdom |  | $ | 40,427 |  |  | $ | - |  |  | $ | 40,427 |
Australia |  |  | - |  |  |  | 93,213 |  |  |  | 93,213 |
Total Government Support Income |  | $ | 40,427 |  |  | $ | 93,213 |  |  | $ | 133,640 |
Total Revenue and Government Support Income |  | $ | 647,921 |  |  | $ | 93,213 |  |  | $ | 741,134 |
Net Loss |  | $ | (1,115,023 | ) |  | $ | (1,141,774 | ) |  | $ | (2,256,797 | )
|  | IFPG |  |  | BPT |  |  | Total |
|  | Three Months Ended December 31, 2023 |
|  | IFPG |  |  | BPT |  |  | Total |
Revenue |  |  |  |  |  |  |  |  |  |  |  |
United Kingdom |  | $ | 655,448 |  |  | $ | - |  |  | $ | 655,448 |
Australia |  |  | 16,805 |  |  |  | - |  |  |  | 16,805 |
Other |  |  | 91,810 |  |  |  | - |  |  |  | 91,810 |
Total Revenue |  | $ | 764,063 |  |  | $ | - |  |  | $ | 764,063 |
Government Support Income |  |  |  |  |  |  |  |  |  |  |  |
United Kingdom |  | $ | 61,617 |  |  | $ | - |  |  | $ | 61,617 |
Australia |  |  | - |  |  |  | 91,587 |  |  |  | 91,587 |
Total Government Support Income |  | $ | 61,617 |  |  | $ | 91,587 |  |  | $ | 153,204 |
Total Revenue and Government Support Income |  | $ | 825,680 |  |  | $ | 91,587 |  |  | $ | 917,267 |
Net Loss |  | $ | (649,793 | ) |  | $ | (1,326,590 | ) |  | $ | (1,976,383 | )
|  | IFPG |  |  | BPT |  |  | Total |
|  | Six Months Ended December 31, 2024 |
|  | IFPG |  |  | BPT |  |  | Total |
Revenue |  |  |  |  |  |  |  |  |  |  |  |
United Kingdom |  | $ | 1,403,563 |  |  | $ | - |  |  | $ | 1,403,563 |
Australia |  |  | 6,546 |  |  |  | - |  |  |  | 6,546 |
Other |  |  | 69,672 |  |  |  | - |  |  |  | 69,672 |
Total Revenue |  | $ | 1,479,781 |  |  | $ | - |  |  | $ | 1,479,781 |
Government Support Income |  |  |  |  |  |  |  |  |  |  |  |
United Kingdom |  | $ | 40,427 |  |  | $ | - |  |  | $ | 40,427 |
Australia |  |  | - |  |  |  | 219,341 |  |  |  | 219,341 |
Total Government Support Income |  | $ | 40,427 |  |  | $ | 219,341 |  |  | $ | 259,768 |
Total Revenue and Government Support Income |  | $ | 1,520,208 |  |  | $ | 219,341 |  |  | $ | 1,739,549 |
Net Loss |  | $ | (2,580,208 | ) |  | $ | (2,371,388 | ) |  | $ | (4,951,596 | )
|  | IFPG |  |  | BPT |  |  | Total |
|  | Six Months Ended December 31, 2023 |
|  | IFPG |  |  | BPT |  |  | Total |
Revenue |  |  |  |  |  |  |  |  |  |  |  |
United Kingdom |  | $ | 1,410,598 |  |  | $ | - |  |  | $ | 1,410,598 |
Australia |  |  | 24,887 |  |  |  | - |  |  |  | 24,887 |
Other |  |  | 124,672 |  |  |  | - |  |  |  | 124,672 |
Total Revenue |  | $ | 1,560,157 |  |  | $ | - |  |  | $ | 1,560,157 |
Government Support Income |  |  |  |  |  |  |  |  |  |  |  |
United Kingdom |  | $ | 106,937 |  |  | $ | - |  |  | $ | 106,937 |
Australia |  |  | - |  |  |  | 156,138 |  |  |  | 156,138 |
Total Government Support Income |  | $ | 106,937 |  |  | $ | 156,138 |  |  | $ | 263,075 |
Total Revenue and Government Support Income |  | $ | 1,667,094 |  |  | $ | 156,138 |  |  | $ | 1,823,232 |
Net Loss |  | $ | (1,390,382 | ) |  | $ | (3,018,425 | ) |  | $ | (4,408,807 | )
B) Long-lived assets and inventories, net
|  | IFPG |  |  | BPT |  |  | Total |
|  | As of December 31, 2024 |
|  | IFPG |  |  | BPT |  |  | Total |
Long-lived assets, net |  |  |  |  |  |  |  |  |  |  |  |
United Kingdom |  | $ | 4,057,168 |  |  | $ | - |  |  | $ | 4,057,168 |
Australia |  |  | - |  |  |  | 565,281 |  |  |  | 565,281 |
Total Long-Lived Assets |  | $ | 4,057,168 |  |  | $ | 565,281 |  |  | $ | 4,622,449 |
Inventories, net |  |  |  |  |  |  |  |  |  |  |  |
United Kingdom |  | $ | 659,919 |  |  | $ | - |  |  | $ | 659,919 |
Australia |  |  | 41,361 |  |  |  | - |  |  |  | 41,361 |
Total Inventories |  | $ | 701,280 |  |  | $ | - |  |  | $ | 701,280 |
Total Long-Lived Assets and Inventories, net |  | $ | 4,758,448 |  |  | $ | 565,281 |  |  | $ | 5,323,729 |
|  | IFPG |  |  | BPT |  |  | Total |
|  | As of June 30, 2024 |
|  | IFPG |  |  | BPT |  |  | Total |
Long-lived assets, net |  |  |  |  |  |  |  |  |  |  |  |
United Kingdom |  | $ | 4,626,798 |  |  | $ | - |  |  | $ | 4,626,798 |
Australia |  |  | - |  |  |  | 617,822 |  |  |  | 617,822 |
Total Long-Lived Assets |  | $ | 4,626,798 |  |  | $ | 617,822 |  |  | $ | 5,244,620 |
Inventories, net |  |  |  |  |  |  |  |  |  |  |  |
United Kingdom |  | $ | 731,813 |  |  | $ | - |  |  | $ | 731,813 |
Australia |  |  | 45,724 |  |  |  | - |  |  |  | 45,724 |
Total Inventories |  | $ | 777,537 |  |  | $ | - |  |  | $ | 777,537 |
Total Long-Lived Assets and Inventories, net |  | $ | 5,404,335 |  |  | $ | 617,822 |  |  | $ | 6,022,157 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards 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