CONVERTIBLE DEBENTURES	9 Months Ended
Mar. 31, 2026
CONVERTIBLE DEBENTURES
CONVERTIBLE DEBENTURES	NOTE 4 – CONVERTIBLE DEBENTURES On July 1, 2024, the Board authorized a private placement offering to accredited investors of an unsecured 9% Convertible Debenture with a 24-month maturity in the principal amount of up to $5,000,000 (the “Debentures”), which Debentures will be convertible into shares of the Company’s common stock at the lower price of $0.75 per share or 20% below the average VWAP (Volume Weighted Average Price) per share of common stock for the ten (10) days prior to the date of conversion, with a minimum conversion price of $0.50 per share. The debentures have a maturity date of two years from date of issuance and are convertible at the option of the holder and are subject to certain lock-up and leak-out provisions. The total amount of these debentures outstanding as of March 31, 2026, is $530,000. Interest expense on the debentures for the three months ended March 31, 2026 and 2025 was $11,762 and $6,487, respectively. During the nine months ended March 31, 2026 and 2025, interest expense on the convertible debentures was $35,832 and $12,828, respectively.

CONVERTIBLE DEBENTURES

9 Months Ended

Mar. 31, 2026

NOTE 4 – CONVERTIBLE DEBENTURES

On July 1, 2024, the Board authorized a private placement offering to accredited investors of an unsecured 9% Convertible Debenture with a 24-month maturity in the principal amount of up to $5,000,000 (the “Debentures”), which Debentures will be convertible into shares of the Company’s common stock at the lower price of $0.75 per share or 20% below the average VWAP (Volume Weighted Average Price) per share of common stock for the ten (10) days prior to the date of conversion, with a minimum conversion price of $0.50 per share. The debentures have a maturity date of two years from date of issuance and are convertible at the option of the holder and are subject to certain lock-up and leak-out provisions. The total amount of these debentures outstanding as of March 31, 2026, is $530,000.

Interest expense on the debentures for the three months ended March 31, 2026 and 2025 was $11,762 and $6,487, respectively. During the nine months ended March 31, 2026 and 2025, interest expense on the convertible debentures was $35,832 and $12,828, respectively.

Nexscient, Inc. 10-Q