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PROPERTY AND EQUIPMENT (Tables)
9 Months Ended
Mar. 31, 2024
Property, Plant and Equipment [Abstract]  
SCHEDULE OF PROPERTY AND EQUIPMENT

 

   March 31, 2024   June 30, 2023 
         
Property and Equipment  $36,363   $36,363 
Software (Customer Relationship Management Sales Platform) (iii)   

125,000

    

-

 
Less: accumulated depreciation   (30,480)   (18,611)
Total  $130,883   $17,752 

 

  (i) Property and equipment are stated at cost and depreciated principally on methods and at rates designed to amortize their costs over their useful lives.
  (ii) Depreciation expense for the nine months ended March 31, 2024 and 2023 was $11,869 and $3,894, respectively.
  (iii)

On January 25, 2024, the Company and its wholly owned subsidiary, 10 Fold Services, LLC (“10 Fold Services”), (collectively, the “Buyers”) and Jetco Holdings, LLC (the “Seller”) (together, the “Parties”) entered into an Asset Purchase Agreement (the “Agreement”) for the purchase of a Customer Relationship Management Sales Platform (the “Purchased Asset”).

 

Under the terms of the Agreement, the Seller shall receive the following aggregate purchase price for the Purchased Asset: