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INCOME TAXES (Tables)
12 Months Ended
Jun. 30, 2024
INCOME TAXES  
Schedule of federal income tax

 

 

Years Ended June 30,

 

 

 

2024

 

 

2023

 

 

 

 

 

 

 

 

Tax benefit at the statutory rate

 

$(2,385,012 )

 

$(5,346,593 )

State income taxes, net of federal income tax benefit

 

 

412,104

 

 

 

213,839

 

Non-deductible items

 

 

2,572,289

 

 

 

4,902,074

 

Non-taxable items

 

 

-

 

 

 

-

 

Change in valuation allowance

 

 

(599,381 )

 

 

230,680

 

 

 

 

 

 

 

 

 

Total

 

$-

 

 

$-

 

Schedule of deferred tax

 

 

June 30,

 

 

 

2024

 

 

2023

 

 

 

 

 

 

 

 

Net operating loss carryforward

 

$3,108,883

 

 

$1,570,417

 

Accumulated depreciation

 

 

(329,900 )

 

 

(1,112,965 )

Less valuation allowance

 

 

(2,778,983 )

 

 

(457,452 )

 

 

 

 

 

 

 

 

 

Net

 

$-

 

 

$-