v3.26.1
Taxes (Tables)
9 Months Ended
Mar. 31, 2026
Taxes [Abstract]  
Schedule of Provision for Income Tax

The provision for income tax for the three months ended March 31, 2026 and 2025 consists of the following:

 

   For the Three Months Ended
March 31,
 
   2026   2025 
Current income tax expense  $84,954    26,608 
Deferred income tax credit   (55,361)   (8,014)
Total income tax expense  $29,593    18,594 

The provision for income tax for the nine months ended March 31, 2026 and 2025 consists of the following:

 

   For the Nine Months Ended
March 31,
 
   2026   2025 
Current income tax expense  $189,487    26,608 
Deferred income tax credit   (78,855)   (8,014)
Total income tax expense  $110,632    18,594 
Schedule of Reconciles the Statutory Tax Rate

The following table reconciles the statutory tax rate to the Company’s effective tax the three months ended March 31, 2026 and 2025:

 

   For the Three Months Ended
March 31,
 
   2026   2025 
Loss before tax  $(1,499,218)  $(358,366)
Statutory state tax rate   21%   21%
Income tax credit at the federal statutory rate   (314,835)   (75,257)
Change in valuation allowance   324,578    70,779 
Tax effect on other tax jurisdiction   (1,038)   1,919 
Non-deductible expense   20,888    21,153 
Total income tax expense  $29,593   $18,594 

The following table reconciles the statutory tax rate to the Company’s effective tax the nine months ended March 31, 2026 and 2025:

 

   For the Nine Months Ended
March 31
 
   2026   2025 
Loss before tax  $(3,342,245)  $(1,511,008)
Statutory state tax rate   21%   21%
Income tax credit at the federal statutory rate   (701,871)   (317,312)
Change in valuation allowance   772,953    329,955 
Tax effect on other tax jurisdiction   342    (15,202)
Non-deductible expense   39,208    21,153 
Total income tax expense  $110,632   $18,594 
Schedule of Deferred Tax Assets and Liabilities

The Company’s deferred tax assets and liabilities consist of the following:

 

   March 31
2026
   June 30,
2025
 
Deferred tax assets:        
Allowance for credit loss  $42,795   $8,260 
Allowance for credit loss - loan receivable   73,500    
-
 
Refundable liability net of right of return asset   28,292    
-
 
Non-capital loss carried forward   1,234,620    535,167 
Valuation allowance   (1,308,120)   (535,167)
Total deferred tax assets  $71,087   $8,260 
Deferred tax liabilities:          
Intangible asset – license   (75,332)   (91,360)
Total deferred tax liabilities   (75,332)   (91,360)
Deferred tax liabilities, net  $(4,245)  $(83,100)