STOCKHOLDERS’ DEFICIT |
12 Months Ended |
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Jun. 30, 2024 | |
Equity [Abstract] | |
STOCKHOLDERS’ DEFICIT | NOTE 6- STOCKHOLDERS’ DEFICIT
On September 22, 2023, the company entered into an agreement with cross-ING AG, an artificial intelligence development entity in Switzerland. The joint venture was formed to create and deliver the software package tailored for GHST Sport Inc. The start of the project was October 2, 2023, with the initial payment due upon each milestone’s endorsement by the Steering Group, totaling 40,000 CHF (approximately 45,272 USD). In connection with the agreement the Company issued shares of common stock on October 2, 2023, which the recipient has agreed not to sell for a period of two years. For accounting purposes, the value of the shares on the date of issuance was $324,523 based on the closing price of the Company’s stock on September 22, 2023. Royalties will also be due under this agreement amounting to 1 CHF per unit sold up to 150,000 units.
Preferred Stock Series A and B There are currently 25,000 votes per share and Series B Preferred Stock has a special liquidation preference equal to $27.50 per share. shares of Series A Preferred Stock and shares of Preferred Series B Stock issued and outstanding, Series A Preferred Stock is entitled to
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