Form 10-Q - Quarterly report [Sections 13 or 15(d)]

Table of Contents

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

Mark One

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended December 31, 2024

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ______ to _______

Commission File No. 000-56687

NEOLARA CORP.

(Exact name of registrant as specified in its charter)

Wyoming

1520

EIN 98-1674969

(State or other jurisdiction of incorporation or Organization)

(Primary Standard Industrial

Classification Code Number)

(IRS Employer Identification

Number)

Contiguo a la Guardia de Asistencia Rural,

San Vito, Coto Brus,

Puntarenas, 60801, Costa Rica
+1 307 269 0177

neolaracorp@gmail.com

(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)

Registered Agents Inc
30 N Gould St. Ste R
Sheridan, WY 82801
307-655-7303

(Name, address, including zip code, and telephone number, including area code, of agent for service)

Securities registered under Section 12(b) of the Exchange Act:

Title of each class	Trading Symbol	Name of each exchange on which registered
N/A	N/A	N/A

Indicate by checkmark whether the issuer: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer”, “smaller reporting company”, and “emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one)

Large accelerated filer	☐	Accelerated filer	☐
Non-accelerated filer	☒	Smaller reporting company	☒
Emerging growth company	☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☒

Indicate by checkmark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

Indicate by checkmark whether the issuer has filed all documents and reports required to be filed by Section 12, 13 and 15(d) of the Securities Exchange Act of 1934 after the distribution of securities under a plan confirmed by a court. Yes ☐ No ☒

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the most practicable date:

Class	Outstanding as of February 11, 2025
Common Stock: $0.0001	3,177,000

NEOLARA CORP.

TABLE OF CONTENTS

PART 1.	FINANCIAL INFORMATION
Item 1.	Financial Statements (Unaudited)	4
	Balance Sheets as of December 31, 2024 (Unaudited) and June 30, 2024	5
	Statements of Operations for the three and six months ended December 31, 2024 and 2023 (Unaudited)	6
	Statements of Stockholders’ equity (deficit) for the three and six months ended December 31, 2024 and 2023 (Unaudited)	7
	Statements of Cash Flows for the six months ended December 31, 2024 and 2023 (Unaudited)	8
	Notes to Financial Statements (Unaudited)	9
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	13
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	17
Item 4.	Controls and Procedures	17

PART II.	OTHER INFORMATION	18
Item 1.	Legal Proceedings	18
Item 1A.	Risk Factors	18
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	18
Item 3.	Defaults Upon Senior Securities	18
Item 4.	Mine Safety Disclosures	18
Item 5.	Other Information	18
Item 6.	Exhibits	18

	Signatures	19

PART I . FINANCIAL INFORMATION

Item 1. Financial Statements

The accompanying interim financial statements of Neolara Corp. (“the Company”, “we”, “us” or “our”), have been prepared without audit pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with United States generally accepted principles have been condensed or omitted pursuant to such rules and regulations.

The interim financial statements are condensed and should be read in conjunction with the Company’s latest annual financial statements.

In the opinion of management, the financial statements contain all material adjustments, consisting only of normal adjustments considered necessary to present fairly the financial condition, results of operations, and cash flows of the Company for the interim periods presented.

NEOLARA CORP.

BALANCE SHEETS

	December 31, 2024 (Unaudited)			June 30, 2024

ASSETS
Current Assets
Cash and Cash Equivalents	$	10,875		$	29,345
Prepaid Expenses		20,000			–
Total Current Assets		30,875			29,345

Intangible Assets, net		48,125			49,500

TOTAL ASSETS	$	79,000		$	78,845

LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)

Deferred Income	$	9,750		$	–
Related Party Advances		78,500			78,500

Total Liabilities		88,250			78,500

STOCKHOLDERS’ EQUITY (DEFICIT):
Common stock: $0.0001 par value, 75,000,000 shares authorized, 3,177,000 shares issued and outstanding		318			318
Additional Paid-in Capital		35,192			35,192
Accumulated Equity (Deficit)		(44,760	)		(35,165	)

Total Stockholders’ Equity (Deficit)		(9,250	)		345

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)	$	79,000		$	78,845

The accompanying notes are an integral part of these unaudited condensed financial statements.

NEOLARA CORP.

STATEMENTS OF OPERATIONS

(Unaudited)


	For the three months ended December 31, 2024			For the three months ended December 31, 2023			For the six months ended December 31, 2024			For the six months ended December 31, 2023

REVENUE:
Sales	$	7,800		$	4,800		$	7,800		$	17,600
Total Revenues		7,800			4,800			7,800			17,600

Cost of Goods Sold		1,581			–			1,581			4,880

Gross Profit		6,219			4,800			6,219			12,720

EXPENSES:
Amortization Expenses		687			687			1,375			1,375
General and Administrative Expenses		10,541			5,530			14,439			12,762
Total Expenses		11,228			6,217			15,814			14,137

Loss Before Income Taxes		(5,009	)		(1,417	)		(9,595	)		(1,417	)

Provision for Income Taxes		–			–			–			–

NET LOSS	$	(5,009	)	$	(1,417	)	$	(9,595	)	$	(1,417	)

Net loss per common share - basic	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)

Weighted average number of common shares outstanding - basic		3,177,000			2,810,272			3,177,000			2,589,897

The accompanying notes are an integral part of these unaudited condensed financial statements.

NEOLARA CORP.

STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIT)

For the three and six months ended December 31, 2024 and 2023

(Unaudited)


					Additional					Total Stockholders'
	Common Stock				Paid-in		Accumulated			Equity
	Shares		Amount		Capital		Deficit			(Deficit)
Balance as of June 30, 2023		2,050,000	$	205	$	1,495	$	(20,788	)	$	(19,088	)

Issuance of common stock		517,000		52		15,458		–			15,510

Net loss		–		–		–		–			–

Balance as of September 30, 2023		2,567,000	$	257	$	16,953	$	(20,788	)	$	(3,578	)

Issuance of common stock		490,000		49		14,651		–			14,700

Net loss		–		–		–		(1,417	)		(1,417	)

Balance as of December 31, 2023		3,057,000	$	306	$	31,604	$	(22,205	)	$	9,705



Balance as of June 30, 2024		3,177,000	$	318	$	35,192	$	(35,165	)	$	345

Net loss		–		–		–		(4,586	)		(4,586	)

Balance as of September 30, 2024		3,177,000	$	318	$	35,192	$	(39,751	)	$	(4,241	)

Net loss		–		–		–		(5,009	)		(5,009	)

Balance as of December 31, 2024		3,177,000	$	318	$	35,192	$	(44,760	)	$	(9,250	)

The accompanying notes are an integral part of these unaudited condensed financial statements.

NEOLARA CORP.

STATEMENTS OF CASH FLOWS

(Unaudited)

	For the six months ended December 31, 2024			For the six months ended December 31, 2023

Cash Flows from Operating Activities:
Net Loss	$	(9,595	)	$	(1,417	)

Amortization Expenses		1,375			1,375
Prepaid Expenses		(20,000	)		–
Deferred Income		9,750			(7,920	)
Net cash used in operating activities		(18,470	)		(7,962	)

Cash flows from Financing Activities:
Proceeds from Issuance of Common Stock		–			30,210
Net cash provided by financing activities		–			30,210

OVERVIEW
Net increase in cash and cash equivalents		(18,470	)		22,248
Cash and cash equivalents, beginning of the period		29,345			12,200
Cash and cash equivalents, end of the period	$	10,875		$	34,448

The accompanying notes are an integral part of these unaudited condensed financial statements.

NEOLARA CORP.

NOTES TO THE FINANCIAL STATEMENTS

DECEMBER 31, 2024

(Unaudited)

NOTE 1 – ORGANIZATION AND NATURE OF BUSINESS

Neolara Corp. (the “Company”) was incorporated in June 2022 under the laws of the State of Wyoming. We are providing a useful and effective type of construction service. Neolara Corp. is a construction and architectural company that provides services including General Contractor, Design & Consultant, Design & Build, Construction Project Management and Turnkey Construction of various types of buildings (private houses, high-rise buildings, shopping centers, non-residential premises etc.). Our company mainly engages in supplying coconut fiber concrete, and engineering services. We are offering our construction services to the clients in Costa Rica and in the future we are going to spread our services to other countries.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of presentation

The accompanying unaudited condensed financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission (“SEC”) and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s annual report filed with the SEC on Form 10-K, on September 27, 2024. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which would substantially duplicate the disclosure contained in the audited financial statements for the most recent fiscal year 2024 as reported in Form 10-K, have been omitted.

The Company has adjusted certain previously reported amounts in its balance sheets as of and for the year ended June 30, 2023 and the income statement for the six months period ended December 31, 2023, to reflect the recording of the deferred cost, netting the corresponding deferred revenue and the subsequent recognition in the income statements for an amount of $4,880 which was originally recognized as cost of goods sold. This adjustment did not materially impact the financial position and the result of operations of the Company for the year indicated.

Going Concern

The accompanying unaudited condensed financial statements have been prepared in conformity with GAAP, which contemplates continuation of the Company as a going concern. As a development-stage company, the Company had limited revenues and incurred losses as of December 31, 2024. The Company had an accumulated deficit of $44,760 as of December 31, 2024 and had a net loss of $9,595 for the six months ended December 31, 2024. The Company currently has limited working capital, and has not completed its efforts to establish a stabilized source of revenue sufficient to cover operating costs over an extended period of time.

Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses. The Company intends to position itself so that it will be able to raise additional funds through the capital markets. In light of management’s efforts, there is a substantial doubt that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern.

Use of Estimates

The preparation of financial statements with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. A change in managements’ estimates or assumptions could have a material impact on Neolara Corp.’s financial condition and results of operations during the period in which such changes occurred. Actual results could differ from those estimates. Neolara Corp.’s financial statements reflect all adjustments that management believes are necessary for the fair presentation of their financial condition and results of operations for the periods presented.

Cash and Cash Equivalents

The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents.

Revenue Recognition

The Company recognizes revenue in accordance with Accounting Standards Update (“ASU”) No. 2014-09, "Revenue from Contracts with Customer". The Company applies the following five steps in order to determine the appropriate amount of revenue to be recognizes as it fulfills its obligations under each of its agreements:

Step 1: Identify the contract with a customer

Step 2: Identify the performance obligations in the contract

Step 3: Determine the transaction price

Step 4: Allocate the transaction price to the performance obligations in the contract

Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation

The Company recognizes revenue when the services are completed and delivered in accordance with the terms of the contract.

Earnings (Loss) Per Share

The Company reports loss per share in accordance with ASC 260, “Earnings per Share”. Basic loss per share is computed by dividing net loss by the weighted-average number of shares of common stock outstanding during each period. Diluted earnings per share is computed by dividing net loss by the weighted-average number of shares of common stock, common stock equivalents and other potentially dilutive securities outstanding during the period. There were no dilutive securities as of December 31, 2024 and 2023.

The following table shows the calculation of diluted shares:

Schedule of diluted shares
	Three months ended December 31,				Six months ended December 31,
	2024		2023		2024		2023
Shares used in computation of basic earnings per share		3,177,000		2,810,272		3,177,000		2,589,897
Total dilutive effect of outstanding stock awards		–		–		–		–
Shares used in computation of diluted earnings per share		3,177,000		2,810,272		3,177,000		2,589,897

Intangible Assets

The Company follows the provisions of ASC 350, “Intangibles-Goodwill and Other”. Definite-lived intangible assets represent developed technology, non-compete agreements, customer related intangible assets, patents, trademark and trade names and are amortized over their estimated useful lives, generally on a straight-line basis. Indefinite lived intangible assets relate to domain names owned by the Company.

Intangible assets with indefinite lives are tested for impairment at least annually and when events or changes in circumstances indicate that, more-likely-than-not, the asset is impaired. Significant judgment is required in estimating fair values and performing indefinite-lived intangible asset impairment tests.

Income Taxes

Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance on deferred tax assets is established when management considers it is more likely than not that some portion or all of the deferred tax assets will not be realized.

Tax benefits from an uncertain tax position are only recognized if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate resolution. Interest and penalties related to unrecognized tax benefits are recorded as incurred as a component of income tax expense. The Company has not recognized any tax benefits from uncertain tax positions for any of the reporting periods presented.

Recent Accounting Pronouncements

The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and does not believe any of these pronouncements will have a material impact on the Company.

NOTE 3 – STOCKHOLDERS’ DEFICIT

The Company has 75,000,000, $0.0001 par value shares of common stock authorized.

On June 10, 2022, the Company issued 2,000,000 shares of common stock to a director for cash proceeds of $200 at $0.0001 per share.

During the year ended June 30, 2023, the Company issued 50,000 shares of common stock for cash proceeds of $1,500 at $0.03 per share.

In July 2023, the Company issued 236,000 shares of common stock for cash proceeds of $7,080 at $0.03 per share.

In August 2023, the Company issued 281,000 shares of common stock for cash proceeds of $8,430 at $0.03 per share.

In October 2023, the Company issued 209,000 shares of common stock for cash proceeds of $6,270 at $0.03 per share.

In November 2023, the Company issued 46,000 shares of common stock for cash proceeds of $1,380 at $0.03 per share.

In December 2023, the Company issued 235,000 shares of common stock for cash proceeds of $7,050 at $0.03 per share.

In January 2024, the Company issued 120,000 shares of common stock for cash proceeds of $3,600 at $0.03 per share.

There were 3,177,000 shares of common stock issued and outstanding as of December 31, 2024 and June 30, 2024, respectively.

NOTE 4 – INTANGIBLE ASSETS

The Company's intangible assets consist of cost of business acquisition, including business assets, patent, trade names and leasehold rights.

The Company purchased the entity Futureproof Eco Solutions LLC because of its unique registration of the patent. This patent is about: the invention relates to the production of lightweight concrete based on Portland cement and wood filler and can be used for the manufacture of building material intended for industrial, agricultural and civil construction. The purchase price of $55,000 was determined based on future potential rewards expected from the patent. The patent will be amortized on a straight-line basis over 20 years.

The Company had the following intangible assets as of December 31, 2024 and June 30, 2024:

Schedule of intangible assets
	December 31, 2024		June 30, 2024
Cost	$	55,000	$	55,000
Accumulated amortization		6,875		5,500
Total	$	48,125	$	49,500

NOTE 5 – RELATED PARTY TRANSACTIONS

As of December 31, 2024 and June 30, 2024, the Company’s president has loaned to the Company $78,500. This loan is unsecured, non-interest bearing and due on demand.

During the six months ended December 31, 2024 and 2023, the president provided services to the Company, totaling $1,581 and $4,800, respectively.

NOTE 6 – INCOME TAXES

The components of the Company’s provision for Federal income tax for the six months ended December 31, 2024 and the year ended June 30, 2024 consists of the following:

Schedule of provision for income taxes
	Six months ended December 31, 2024			Year ended June 30, 2024
Federal income tax benefit attributable to:
Current Operations	$	44,760		$	35,165
Less: valuation allowance		(44,760	)		(35,165	)
Net provision for Federal income taxes	$	–		$	–

The cumulative tax effect at the expected rate of 21% of significant items comprising our net deferred tax amount is as follows:

Scheduled of deferred tax assets
	Six months ended December 31, 2024			Year ended June 30, 2024
Deferred tax asset attributable to:
Net operating loss carryover	$	9,400		$	7,385
Less: valuation allowance		(9,400	)		(7,385	)
Net deferred tax asset	$	–		$	–

Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry forwards of approximately $9,400 as of December 31, 2024 and $7,385 as of June 30, 2024, for Federal income tax reporting purposes are subject to annual limitations. Should a change in ownership occur, net operating loss carry forwards may be limited as to use in future years.

NOTE 7 – SUBSEQUENT EVENTS

In accordance with ASC 855-10, the Company has analyzed its operations subsequent to December 31, 2024, through the date when financial statements were issued, and has determined that it does not have any material subsequent events to disclose in these financial statements.

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operation

Description of Business

Neolara Corp. is a development company on start-up stage, formed to commence operations concerned with turnkey construction of buildings and building materials. We were incorporated under the laws of the state of Wyoming on June 09, 2022. From our formation we were engaged in the business of namely the development, marketing and business process analysis, problem solving and general business services by our CEO, sole Officer and Director Mr. Quesada Murillo. Our executive and business office is located at Contiguo a la Guardia de Asistencia Rural, San Vito, Coto Brus, Puntarenas, 60801, Costa Rica, and our telephone number is +1 307 269 0177. Our website address is - https://neolara-construction.com/

We maintain our statutory registered agent’s office at 30 N Gould St Ste R, Sheridan, WY 82801.

The Company has only recently commenced operations as a development-stage company, and it has limited operating history and is expected to experience losses in the near term. The Company’s independent auditors have issued a report raising substantial doubt about the Company’s ability to continue as a going concern.

We are a development stage company and currently have no revenues or significant assets and we have incurred losses since inception. As of December 31, 2024 our total assets were $79,000 and our total current liabilities were $88,250.

We are providing a useful and effective type of construction service. Neolara Corp. is a construction and architectural company that provides services including General Contractor, Design & Consultant, Design & Build, Construction Project Management and Turnkey Construction of various types of buildings (private houses, high-rise buildings, shopping centers, non-residential premises etc.). Our company mainly engages in supplying coconut fiber concrete and engineering services. We are offering our construction services to the clients in Costa Rica and in the future we are going to spread our services to other countries.

We purchased the entity Futureproof Eco Solutions LLC because of its unique registration of the patent, the Company Purchase Agreement is filed as Exhibit 10.3 to the Registration Statement of 04/18/2023. This patent is about: the invention relates to the production of lightweight concrete based on Portland cement and wood filler and can be used for the manufacture of building material intended for industrial, agricultural and civil construction. The mixture consists of Portland cement, wood filler, calcium chloride and water. The mixture also contains sand as a binder additive. Additionally, to increase the strength of the material, coconut fiber is added to the mixture in an amount of 5%. The achieved technical result is that the mixture has a compressive strength 1.2-1.5 times greater than standard building mixtures. In addition, the consumption of Portland cement is reduced by an average of 20%.

Description of the patent:

The patent which we have purchased together with the Company Futureproof Eco Solutions LLC is about:

Coconut husks are a byproduct of coconut processing, and coir fiber can be produced cheaply and efficiently anywhere in the world. Since concrete is the most commonly used construction material in the world, it would certainly be beneficial to find ways to increase its stability and strength. Coir fiber has been shown to be an effective material for reinforcing concrete, a valuable use for a byproduct of coconut processing.

Using coir fiber reduces the rate of the depletion of other natural resources and provides positive economic returns for coconut cultivators. Coir fiber is the toughest of all of the natural fibers. Rigorous testing has shown that coir fiber-reinforced concrete is stronger than concrete without coir fiber and has improved mechanical and dynamic properties.

Coconut fibers mitigate crack development in concrete structures that are near water or in places where structures are prone to other environmental stresses, such as earthquakes.

Since coconut fiber is not as dense as concrete, it reduces the overall weight of a structure, making it ideal for producing a lightweight form of concrete. Coir also has low thermal conductivity, which allows for natural cooling. Сoconut fiber has great potential as a replacement for steel as a material for reinforcing concrete. It is also beneficial because it is strong, cheap to make, and naturally cooling.

Coir fiber-reinforced concrete has many advantages. Since coir fiber is a byproduct of coconut processing, it is a readily available substance, and utilizing coir in buildings has positive cost-benefit implications.

Coir, as a natural reinforcement material, can be collected cheaply and efficiently using local labor and technology. With the quest to find affordable housing options for rural and urban populations around the world still unfinished, developers must start looking at new building methods and incorporating alternative, innovative measures. Research into coconut fiber suggests that it has significant potential as a durable, low-cost building material.

Our business intendeds to provide clients with a convenient and effective construction consulting services via multiple communication channels: phone calls, chat and messenger. Our Neolara website enables consumers to find the best construction workers for their needs and get real-time professional consultation from highly experienced builders.

We are offering such services to our clients:

turnkey construction

Turnkey construction is a building solution that drastically simplifies things for the owner of the future project. With this type of project, the contractor is given the responsibility for design and construction work. The owner needs only wait for the contractor get the job done, and then when the project is finished, he or she is able to “turn the key” and start using the new building or facility.

We plan to build not only residential but also commercial real estate:

	·	Private houses, high-rise buildings, flats, apartments, farm houses - these are the largely sold residential properties. Built amidst the excellent infrastructure and equipped with all modern facilities, each of these properties has its own charm;

	·	Commercial complexes, warehouses and offices. These properties we plan to construct with modern amenities and spacious interiors to accommodate all goods and office equipment efficiently;

	·	Retail shopping malls and community centers. We will construct shopping malls and community centers keeping in mind the shopping needs of the consumers these days;

	·	Staff quarters and hostels;

	·	Restaurants, hotels, food courts, banquet halls and auditoriums;

	·	Buildings for hospitals and nursing homes .

Competition

The market of construction and building materials is highly competitive. Our competitors are substantially larger and more experienced than us and have longer operating histories and have materially greater financial and other resources than us.

Marketing

We intend to conduct marketing activities in such ways:

	·	to embrace social media (Facebook, Twitter, Instagram, LinkedIn). These platforms can help us to build a great referral community to “pass on” our name and advertise our services by word of mouth via the Internet.

	·	to create a newsletter. We will use a newsletter to highlight projects we are working on or have completed. Newsletters will be the perfect tool for establishing and maintaining a relationship with our customers.

	·	to make an impact with video. Creating just one video can provide us with a marketing tool that can be on our website, in our social media posts and emailed out in our newsletter.

	·	to build a partnership. No building is made up of only one material. Partnerships are essential in the construction business. And, they can be terrific lead builders. We have to work with trusted vendors to build a partnership list. LinkedIn is one of the best platforms for sourcing potential partners.

	·	to use PPC (pay per click) to bring in qualified leads. PPC, also known as paid advertising, is a highly effective way to get us in front of the right audience and garner more qualified leads.

	·	to establish a great website (we are planning to add "Construction Calculator" service to our website).

	·	to place outdoor display advertisements in public transportation terminals, in residential complexes in selected cities, in shopping centers, in construction stores and to rent billboards in Costa Rica.

	·	intend to cooperate with media platforms and place banner advertisements or advertorials on construction-focused platforms.

Bankruptcy or Similar Proceedings

We have never been subject to bankruptcy, receivership or any similar proceeding.

Employees; Identification of certain significant employees

We have no employees other than our sole officer and director, Julio Antonio Quesada Murillo.

Insurance

We do not maintain any insurance and do not intend to maintain insurance in the future.

Facilities and Executive Offices

Our corporate headquarters is located at Contiguo a la Guardia de Asistencia Rural, San Vito, Coto Brus, Puntarenas, 60801, Costa Rica and our phone number is +1 307 269 0177. Further, this space has been provided by our sole executive Mr. Julio Antonio Quesada Murillo free of cost. We consider our current principal office space arrangement adequate and will reassess our needs based upon the future growth of the company.

Government and industry regulation

We are subject to applicable laws and regulations that relate directly or indirectly to our operations including United States securities laws. We are required to comply with all regulations, rules and directives of governmental authorities and agencies applicable to our services in Costa Rica and any other jurisdiction where we might conduct activities. We believe that government regulation has no material impact on the way we conduct our business.

Results of Operation

Our financial statements have been prepared assuming that we will continue as a going concern and, accordingly, do not include adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary should we be unable to continue in operation.

We expect we will require additional capital to meet our long-term operating requirements. We expect to raise additional capital through, among other things, the sale of equity or debt securities.

Three Months Periods Ended December 31, 2024 and 2023:

During the three months periods ended December 31, 2024 and 2023 we have generated $7,800 and $4,800 in revenues, respectively. The cost of goods sold for the three months ended December 31, 2024 and 2023 were $1,581 and $0. The increase in revenue for the three months ended December 31, 2024, compared to the same period of the previous fiscal year, was primarily due to the overall growth in the Company's business activities.

For the three months periods ended December 31, 2024 and 2023 operating expenses were $11,228 and $6,217, respectively. Operating expenses consist of mainly general and administrative expenses and professional fees. The increase in total operating expenses for the three months ended December 31, 2024, compared to the same period of the previous fiscal year, was primarily due to higher general and administrative expenses which increased due to audit fees, filing fees and transfer agent fees.

Our net loss for the three months periods ended December 31, 2024 and 2023 were $5,009 and $1,417, respectively. Net loss for the three months ended December 31, 2024, increased mainly due to an increase in general and administrative expenses.

Six Months Periods Ended December 31, 2024 and 2023:

During the six months periods ended December 31, 2024 and 2023 we have generated $7,800 and $17,600 in revenues, respectively. The cost of goods sold for the six months ended December 31, 2024 and 2023 were $1,581 and $4,880. The decrease in revenue for the six months ended December 31, 2024, compared to the same period of the previous fiscal year, because the Company was in the stage of negotiations with potential customers during the current period.

For the six months periods ended December 31, 2024 and 2023 operating expenses were $15,814 and $14,137, respectively. Operating expenses consist of mainly general and administrative expenses and professional fees. The increase in total operating expenses for the six months ended December 31, 2024, compared to the same period of the previous fiscal year, was primarily due to higher general and administrative expenses which increased due to audit fees, filing fees and transfer agent fees.

Our net loss for the six months periods ended December 31, 2024 and 2023 were $9,595 and $1,417, respectively. Net loss for the six months ended December 31, 2024, increased primarily due to a decrease in revenue in the current year compared to the prior year and an increase in general and administrative expenses.

Liquidity and Capital Resources

As of December 31, 2024, our total assets were $79,000 consisting of cash of $10,875, prepaid expenses of $20,000 and intangible assets of $48,125, while our current liabilities were $88,250 consisting of deferred income of $9,750 and related party advances of $78,500.

As of June 30, 2024, our total assets were $78,845 consisting of cash of $29,345 and intangible assets of $49,500, while our current liabilities were $78,500 consisting of related party advances.

Cash Flows from Operating Activities

For the six months ended December 31, 2024, net cash flows used in operating activities was $(18,470) due to its net loss of $9,595, amortization expense of $1,375, increase in prepaid expenses of $20,000 and increase in deferred income of $9,750.

For the six months ended December 31, 2023, net cash flows used in operating activities was $(7,962) due to its amortization expense of $1,375 and decrease in deferred income of $7,920.

Cash Flows from Investing Activities

We have not generated cash flows from investing activities for the six months ended December 31, 2024 and 2023.

Cash Flows from Financing Activities

We have not generated cash flows from financing activities for the six months ended December 31, 2024.

For the six months ended December 31, 2023, net cash flows provided by financing activities was $30,210 due to net proceeds from the share issuance.

Off-Balance Sheet Arrangement

We have no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources.

Item 3. Quantitative and Qualitative Disclosures about Market Risk

Not Applicable.

Item 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

We carried out an evaluation as of December 31, 2024, under the supervision and with the participation of our management, including our principal executive officer and principal financial officer, who are one and the same, of the effectiveness of our disclosure controls and procedures (as defined in Exchange Act Rules 13a–15(f) and 15d–15(e)). Based upon that evaluation, our principal executive officer and principal financial officer concluded that, as of the end of the period covered in this report, our disclosure controls and procedures were not effective to ensure that information required to be disclosed in reports filed under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the required time periods and is accumulated and communicated to our management, including our principal executive officer and principal financial officer, as appropriate to allow timely decisions regarding required disclosure.

Changes in Internal Control over Financial Reporting

There were no changes in our internal control over financial reporting during our most recent quarter that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

PART II. OTHER INFORMATION

Item 1. Legal Proceedings

During the period ending December 31, 2024, there were no pending or threatened legal actions against us.

Item 1A. Risk Factors

Not applicable to smaller reporting companies.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

No Report Required.

Item 3. Defaults upon Senior Securities

No Report Required.

Item 4. Mine Safety Disclosures

Not Applicable.

Item 5. Other Information

During the six months ended December 31, 2024, no director or officer adopted or terminated any Rule 10b5-1 trading arrangement or non-Rule 10b5-1 trading arrangement, as each term is defined in Item 408(a) of Regulation S-K.

Item 6. Exhibits

31.1		Certification of Chief Executive Officer pursuant to Securities Exchange Act of 1934 Rule 13a-14(a) or 15d-14(a).
31.2		Certification of Chief Financial Officer pursuant to Securities Exchange Act of 1934 Rule 13a-14(a) or 15d-14(a).
32.1		Certifications pursuant to Securities Exchange Act of 1934 Rule 13a-14(b) or 15d-14(b) and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes- Oxley Act of 2002.
101.INS		Inline XBRL Instance Document
101.SCH		Inline XBRL Schema Document
101.CAL		Inline XBRL Calculation Linkbase Document
101.DEF		Inline XBRL Definition Linkbase Document
101.LAB		Inline XBRL Labels Linkbase Document
101.PRE		Inline XBRL Presentation Linkbase Document
104		The cover page to this Quarterly Report on Form 10-Q has been formatted in Inline XBRL

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized on February 11, 2025.

	NEOLARA CORP.

	By:	/s/ Julio Antonio Quesada Murillo
	Name:	Julio Antonio Quesada Murillo
	Title:	President, Officer and Sole Director, Secretary, Treasurer, Principal Executive Officer, Principal Financial Officer and Principal Accounting

Exhibit 31.1

CERTIFICATION PURSUANT TO

18 USC, ss 1350, AS ADOPTED PURSUANT TO

SECTION 302 OF THE SARBANES OXLEY ACT OF 2002

I, Julio Antonio Quesada Murillo, certify that:

1.	I have reviewed this report on Form 10-Q of Neolara Corp;

2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.	The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

	a.	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

	b.	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

	c.	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

	d.	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

5.	The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (of persons performing the equivalent functions):

	a.	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

	b.	Any fraud, whether or not material, that involves management or other employees who have a significant role in the small business issuer’s internal control over financial reporting.

Date: February 11, 2025

	/s/ Julio Antonio Quesada Murillo
	Julio Antonio Quesada Murillo
	Chief Executive Officer
	(Principal Executive Officer)

Exhibit 31.2

CERTIFICATION PURSUANT TO

18 USC, ss 1350, AS ADOPTED PURSUANT TO

SECTION 302 OF THE SARBANES OXLEY ACT OF 2002

I, Julio Antonio Quesada Murillo, certify that:

1.	I have reviewed this report on Form 10-Q of Neolara Corp;

2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.	The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

	a.	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

	b.	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

	c.	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

	d.	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

5.	The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (of persons performing the equivalent functions):

	a.	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

	b.	Any fraud, whether or not material, that involves management or other employees who have a significant role in the small business issuer’s internal control over financial reporting.

Date: February 11, 2025

	/s/ Julio Antonio Quesada Murillo
	Julio Antonio Quesada Murillo
	Chief Financial Officer
	(Principal Financial and Accounting Officer)

Exhibit 32.1

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350

AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the quarterly report of Neolara Corp (the “Company”) on Form 10-Q for the quarter ended December 31, 2024, as filed with the Securities and Exchange Commission (the “Report”), the undersigned principal executive and principal financial officer of the Company, hereby certifies pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1)	the Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2)	the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: February 11, 2025

/s/ Julio Antonio Quesada Murillo
Julio Antonio Quesada Murillo
Principal Executive Officer, Principal Financial and Accounting Officer

Cover - shares	6 Months Ended
Cover - shares	Dec. 31, 2024	Feb. 11, 2025
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Dec. 31, 2024
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2025
Current Fiscal Year End Date	--06-30
Entity File Number	000-56687
Entity Registrant Name	NEOLARA CORP.
Entity Central Index Key	0001941360
Entity Tax Identification Number	98-1674969
Entity Incorporation, State or Country Code	WY
Entity Address, Address Line One	Contiguo a la Guardia de Asistencia Rural
Entity Address, Address Line Two	San Vito, Coto Brus
Entity Address, City or Town	Puntarenas
Entity Address, Country	CR
Entity Address, Postal Zip Code	60801
City Area Code	307
Local Phone Number	269 0177
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	true
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		3,177,000

Balance Sheets - USD ($)	Dec. 31, 2024	Jun. 30, 2024
Current Assets
Cash and Cash Equivalents	$ 10,875	$ 29,345
Prepaid Expenses	20,000	0
Total Current Assets	30,875	29,345
Intangible Assets, net	48,125	49,500
TOTAL ASSETS	79,000	78,845
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
Deferred Income	9,750	0
Related Party Advances	78,500	78,500
Total Liabilities	88,250	78,500
STOCKHOLDERS’ EQUITY (DEFICIT):
Common stock: $0.0001 par value, 75,000,000 shares authorized, 3,177,000 shares issued and outstanding	318	318
Additional Paid-in Capital	35,192	35,192
Accumulated Equity (Deficit)	(44,760)	(35,165)
Total Stockholders’ Equity (Deficit)	(9,250)	345
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)	$ 79,000	$ 78,845

Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2024	Jun. 30, 2024
Statement of Financial Position [Abstract]
Common Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Common Stock, Shares Authorized	75,000,000	75,000,000
Common Stock, Shares, Issued	3,177,000	3,177,000
Common Stock, Shares, Outstanding	3,177,000	3,177,000

STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
REVENUE:
Sales	$ 7,800	$ 4,800	$ 7,800	$ 17,600
Total Revenues	7,800	4,800	7,800	17,600
Cost of Goods Sold	1,581		1,581	4,880
Gross Profit	6,219	4,800	6,219	12,720
EXPENSES:
Amortization Expenses	687	687	1,375	1,375
General and Administrative Expenses	10,541	5,530	14,439	12,762
Total Expenses	11,228	6,217	15,814	14,137
Loss Before Income Taxes	(5,009)	(1,417)	(9,595)	(1,417)
Provision for Income Taxes	0	0	0	0
NET LOSS	$ (5,009)	$ (1,417)	$ (9,595)	$ (1,417)
Net loss per common share - basic	$ (0.00)	$ (0.00)	$ (0.00)	$ (0.00)
Weighted average number of common shares outstanding - basic	3,177,000	2,810,272	3,177,000	2,589,897

STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIT) (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Jun. 30, 2023	$ 205	$ 1,495	$ (20,788)	$ (19,088)
Shares, Outstanding, Beginning Balance at Jun. 30, 2023	2,050,000
Issuance of common stock	$ 52	15,458		15,510
Net loss	0	0	0	0
Ending balance, value at Sep. 30, 2023	$ 257	16,953	(20,788)	(3,578)
Shares, Outstanding, Ending Balance at Sep. 30, 2023	2,567,000
Beginning balance, value at Jun. 30, 2023	$ 205	1,495	(20,788)	(19,088)
Shares, Outstanding, Beginning Balance at Jun. 30, 2023	2,050,000
Net loss				(1,417)
Ending balance, value at Dec. 31, 2023	$ 306	31,604	(22,205)	9,705
Shares, Outstanding, Ending Balance at Dec. 31, 2023	3,057,000
Beginning balance, value at Sep. 30, 2023	$ 257	16,953	(20,788)	(3,578)
Shares, Outstanding, Beginning Balance at Sep. 30, 2023	2,567,000
Issuance of common stock	$ 49	14,651		14,700
Net loss			(1,417)	(1,417)
Ending balance, value at Dec. 31, 2023	$ 306	31,604	(22,205)	9,705
Shares, Outstanding, Ending Balance at Dec. 31, 2023	3,057,000
Beginning balance, value at Jun. 30, 2024	$ 318	35,192	(35,165)	345
Shares, Outstanding, Beginning Balance at Jun. 30, 2024	3,177,000
Net loss			(4,586)	(4,586)
Ending balance, value at Sep. 30, 2024	$ 318	35,192	(39,751)	(4,241)
Shares, Outstanding, Ending Balance at Sep. 30, 2024	3,177,000
Beginning balance, value at Jun. 30, 2024	$ 318	35,192	(35,165)	345
Shares, Outstanding, Beginning Balance at Jun. 30, 2024	3,177,000
Net loss				(9,595)
Ending balance, value at Dec. 31, 2024	$ 318	35,192	(44,760)	(9,250)
Shares, Outstanding, Ending Balance at Dec. 31, 2024	3,177,000
Beginning balance, value at Sep. 30, 2024	$ 318	35,192	(39,751)	(4,241)
Shares, Outstanding, Beginning Balance at Sep. 30, 2024	3,177,000
Net loss			(5,009)	(5,009)
Ending balance, value at Dec. 31, 2024	$ 318	$ 35,192	$ (44,760)	$ (9,250)
Shares, Outstanding, Ending Balance at Dec. 31, 2024	3,177,000

STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	3 Months Ended				6 Months Ended
STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	Dec. 31, 2024	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2024	Dec. 31, 2023
Cash Flows from Operating Activities:
Net Loss	$ (5,009)	$ (4,586)	$ (1,417)	$ 0	$ (9,595)	$ (1,417)
Amortization Expenses					1,375	1,375
Prepaid Expenses					(20,000)	0
Deferred Income					9,750	(7,920)
Net cash used in operating activities					(18,470)	(7,962)
Cash flows from Financing Activities:
Proceeds from Issuance of Common Stock						30,210
Net cash provided by financing activities						30,210
OVERVIEW
Net increase in cash and cash equivalents					(18,470)	22,248
Cash and cash equivalents, beginning of the period		$ 29,345		$ 12,200	29,345	12,200
Cash and cash equivalents, end of the period	$ 10,875		$ 34,448		$ 10,875	$ 34,448

Pay vs Performance Disclosure - USD ($)	3 Months Ended				6 Months Ended
Pay vs Performance Disclosure - USD ($)	Dec. 31, 2024	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2024	Dec. 31, 2023
Pay vs Performance Disclosure [Table]
Net Income (Loss)	$ (5,009)	$ (4,586)	$ (1,417)	$ 0	$ (9,595)	$ (1,417)

Insider Trading Arrangements	6 Months Ended
Insider Trading Arrangements	Dec. 31, 2024
Trading Arrangements, by Individual [Table]
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

ORGANIZATION AND NATURE OF BUSINESS

6 Months Ended

Dec. 31, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

ORGANIZATION AND NATURE OF BUSINESS

NOTE 1 – ORGANIZATION AND NATURE OF BUSINESS

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

6 Months Ended

Dec. 31, 2024

Accounting Policies [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of presentation

Going Concern

Use of Estimates

Cash and Cash Equivalents

The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents.

Revenue Recognition

Step 1: Identify the contract with a customer

Step 2: Identify the performance obligations in the contract

Step 3: Determine the transaction price

Step 4: Allocate the transaction price to the performance obligations in the contract

Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation

The Company recognizes revenue when the services are completed and delivered in accordance with the terms of the contract.

Earnings (Loss) Per Share

The following table shows the calculation of diluted shares:

Schedule of diluted shares
	Three months ended December 31,				Six months ended December 31,
	2024		2023		2024		2023
Shares used in computation of basic earnings per share		3,177,000		2,810,272		3,177,000		2,589,897
Total dilutive effect of outstanding stock awards		–		–		–		–
Shares used in computation of diluted earnings per share		3,177,000		2,810,272		3,177,000		2,589,897

Intangible Assets

Income Taxes

Recent Accounting Pronouncements

The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and does not believe any of these pronouncements will have a material impact on the Company.

STOCKHOLDERS’ DEFICIT

6 Months Ended

Dec. 31, 2024

Equity [Abstract]

STOCKHOLDERS’ DEFICIT