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Loans and Notes
 3 Months Ended
Sep. 30, 2025
Loans and Notes [Abstract]  
Loans and notes

Note 10 – Loans and notes

 

Insurance loan

 

In February 2024, the Company entered into another loan agreement with First Insurance Funding, to obtain a short-term loan (“Insurance loan 1”) of $74,078 with interest rate of 9.5% to be due in ten equal monthly instalments of $6,573. In December 2024, the remaining balance of Insurance loan had been paid in full. In February 2025, the Company entered into another loan agreement with First Insurance Funding, to obtain a short-term loan (“Insurance loan 2”) of $56,669 with interest rate of 10.0 % to be due in ten equal monthly instalments of $5,929. As of September 30, 2025 and June 30, 2025, the outstanding balance Insurance loan 2 were $23,423 and $40,490. The funds from Insurance Loan 1 and 2 were exclusively allocated towards the payment of the Directors and Officers (D&O) insurance as indicated on Note 5.

 

For the three months ended September 30, 2025 and 2024, interest expenses pertained to the insurance loans amounted to $423 and $758, respectively.