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Segments of operations | 12 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
Segments of operations | 3. Segments of operations The Company’s chief operating decision maker is the Company’s Chief Executive Officer (the “CODM”), who makes resource allocation decisions and assesses performance based on financial information prepared on a consolidated basis, accompanied by disaggregated information about revenues, gross profit (loss) and operating loss by the two identified reportable segments. The Company’s reportable segments consist of only one segment, which is the Gym Equipment segment. Operating loss for the segment includes revenues from third parties, cost of goods sold and operating expenses directly attributable to the segment. The accounting policies of the segment is the same as those described in Note 2, “Summary of Significant Accounting Policies.” Schedule of segments of operations
|  | Gym Equipment |  |  | Total |
|  | For the fiscal year ended June 30, 2025 |
|  | Gym Equipment |  |  | Total |
Revenue |  | $ | 5,200,138 |  |  | $ | 5,200,138 |
Cost of Goods Sold |  |  | 3,157,996 |  |  |  | 3,157,996 |
Segment Gross Profit |  |  | 2,042,142 |  |  |  | 2,042,142 |
Loss before taxes |  | $ | (349,227 | ) |  | $ | (349,227 | )
Supplemental Segment Information: |  |  |  |  |  |  |  |
Operating lease expense |  |  | 303,869 |  |  |  | 303,869 |
Depreciation expense |  |  | 9,467 |  |  |  | 9,467 |
Change in fair value of warrants |  |  | 2,024,942 |  |  |  | 2,024,942 |
Loss on extinguishment of warrants |  |  | (285,346 | ) |  |  | (285,346 | )
IPO related-expenses |  |  | 600,000 |  |  |  | 600,000 |
Unrealized loss on investments |  |  | - |  |  |  |  |
Realized gain on investments |  |  | 50,675 |  |  |  | 50,675 |
Interest income |  |  | 215,586 |  |  |  | 215,586 |
Interest expense |  |  | 114,006 |  |  |  | 114,006 |
Total Assets |  | $ | 11,395,509 |  |  | $ | 11,395,509 |
|  | Gym Equipment |  |  | Total |
|  | For the fiscal year ended June 30, 2024 |
|  | Gym Equipment |  |  | Total |
Revenue |  | $ | 4,466,775 |  |  | $ | 4,466,775 |
Cost of Goods Sold |  |  | 2,881,060 |  |  |  | 2,881,060 |
Segment Gross Profit |  |  | 1,585,715 |  |  |  | 1,585,715 |
Loss before taxes |  | $ | (9,521,488 | ) |  | $ | (9,521,488 | )
Supplemental Segment Information: |  |  |  |  |  |  |  |
Operating lease expense |  |  | 284,169 |  |  |  | 284,169 |
Depreciation expense |  |  | 10,385 |  |  |  | 10,385 |
IPO related-expenses |  |  | 50,523 |  |  |  | 50,523 |
Unrealized loss on investments |  |  | 354,781 |  |  |  | 354,781 |
Interest income |  |  | 2,574 |  |  |  | 2,574 |
Interest expense |  |  | (1,242,140 | ) |  |  | (1,242,140 | )
Total Assets |  | $ | 11,478,290 |  |  | $ | 11,478,290 |
FITELL CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

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- Definition The entire disclosure for reporting segments including data and tables. 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