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PRE-PAID CONSULTING	3 Months Ended
Sep. 30, 2023
PRE-PAID CONSULTING
PRE-PAID CONSULTING	NOTE 4 – PRE-PAID CONSULTING The Company issued shares to its directors and advisors for services to be performed at a future date. The common shares are recorded as issued and outstanding at the time they are granted, and the related share-based compensation expense is incurred as services are performed. Compensation expense not incurred is accounted for as prepaid consulting expense. On June 12, 2022, the Company issued 1,000,000 shares of common stock to advisors and directors for services to be provided at a future date. The shares were valued at $.46 per share, resulting in a value of $456,639, to be vested over a period of three years, for their services. On January 1, 2023, the Company issued 100,000 shares of the Company’s common stock to its Chief Financial Officer for services to be provided at a future date. The shares were valued at $.14 per share, resulting in a value of $14,000, to be vested over a period of 18 months. During the fiscal year ended June 30, 2023, the Company expensed $156,880 of this amount, which resulted in a prepaid consulting balance of $313,759. For the quarter ended September 30, 2023, the Company expensed $40,387, which resulted in a prepaid consulting balance of $ 273,373.

PRE-PAID CONSULTING

3 Months Ended

Sep. 30, 2023

NOTE 4 – PRE-PAID CONSULTING

The Company issued shares to its directors and advisors for services to be performed at a future date. The common shares are recorded as issued and outstanding at the time they are granted, and the related share-based compensation expense is incurred as services are performed. Compensation expense not incurred is accounted for as prepaid consulting expense. On June 12, 2022, the Company issued 1,000,000 shares of common stock to advisors and directors for services to be provided at a future date. The shares were valued at $.46 per share, resulting in a value of $456,639, to be vested over a period of three years, for their services. On January 1, 2023, the Company issued 100,000 shares of the Company’s common stock to its Chief Financial Officer for services to be provided at a future date. The shares were valued at $.14 per share, resulting in a value of $14,000, to be vested over a period of 18 months. During the fiscal year ended June 30, 2023, the Company expensed $156,880 of this amount, which resulted in a prepaid consulting balance of $313,759. For the quarter ended September 30, 2023, the Company expensed $40,387, which resulted in a prepaid consulting balance of $ 273,373.