Quarterly report pursuant to Section 13 or 15(d)

Business Combination (Tables)

v3.24.1.1.u2
Business Combination (Tables)
 9 Months Ended
Mar. 31, 2024
Business Combinations [Abstract]  
Schedule of Estimated Fair Values of Acquisition Costs The following is a summary of the estimated fair values of acquisition costs at the date of issuance:
Consideration Paid – Fair Value            
Stock issued:            
Number of Series A Preferred Stock:     1,000        
Number of Series C Preferred Stock:     13,333          
Fair value of Series A Preferred Stock           $ 435,729  
Fair value of Series C Preferred Stock             868,708  
Total consideration           $ 1,304,437  
Schedule of Estimated Fair Values of the Assets Acquired and Liabilities The following is a summary of the estimated fair values of the assets acquired and liabilities assumed and additional information regarding the intangible assets acquired as of February 2, 2024:
Tangible assets acquired:      
Cash   $ 111,863  
Other current assets     126,000  
Accounts payable     (4,845 )
Other current liabilities     (261,852 )
Total assets acquired and liability assumed     (28,834 )
Indefinite-lived intangible assets (noncontractual customer relationships)     1,333,271  
         
Total Net asset acquired   $ 1,304,437