ORGANIZATION, DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION	9 Months Ended
Mar. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION, DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION	NOTE 1- ORGANIZATION, DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION Background GHST World Inc. (“the Company,” “we,” “our” or “us”), is a Delaware corporation that was incorporated on November 12, 1999. The Company is a holding company for various technology and other activities. The Company has acquired and is developing several patents in the technology sector. Recent Developments The Company is adding to its core focus by undertaking to enter the clean energy production and trading sector. Summaries of key agreements the Company’s subsidiary, Insside World Inc. (“Insside”), has entered to are described below. Management believes that the Company has reached a point where the losses from its existing business are no longer justifiable. As a result, in an attempt to provide shareholder value, Insside has entered into a series of agreements to acquire surface rights which are similar to land leases. In addition, Insside is transacting with a new special purpose entity, Green Capital SRL (“Green Capital”), an Italian company in Bergamo, which is charged with the duty of raising substantial capital to build solar plants. Green Capital will be operated by our Chief Executive Officer, Roberto Castellazzi. Mr. Castellazzi will not receive any compensation for his role with Green Capital during this preliminary phase. Compensation will only be applicable if Green Capital secures the necessary funding and construction of the solar plants begins. At that point, Mr. Castellazzi expects to receive approximately $20,000 for his services in the first year and approximately $40,000 in the second year assuming current exchange rates. Upon construction of two solar plants, the Company’s subsidiary will purchase the electricity and resell it to third parties. The agreements discussed below and the contemplated business of these entities in this enterprise generally envision that Green Capital will fund and construct the solar plants, and operate such plants when they are completed, with Insside acting as exclusive dealer by purchasing and selling the electricity produced from the plants to third parties, and providing consulting services on the construction and operation of the plants. Green Capital will receive any revenues generated from future energy production and sales. Insside will act as the exclusive distributor of the produced energy, deriving proceeds from its purchase of energy and resale of the energy at market prices. Green Capital is owned by a third party which is subject to a contractual arrangement affording certain rights relating to that entity to the Company’s Chief Executive Officer, including the right to obtain a majority of the equity interests of that entity in the future. The Company and Insside expect to enter into one or more further agreements with Green Capital to evidence and govern the intended economic rights among the parties. On November 25, 2024, Insside entered into a preliminary agreement to purchase the surface rights of land located in Morro D’Oro, Italy for the construction of a solar plant. The surface area of the land is 62,926 square meters. The agreement is for a term of 20 years. Insside agreed to a per-square meter payment amount for the surface rights and an annual lump sum payment as compensation for the energy produced for the duration of the contract; if Insside is unable to sell the energy produced for at least six consecutive months, then such compensation shall not be payable. On November 29, 2024, Insside entered into a preliminary agreement with Green Capital to assign the above purchased surface rights for the term of the agreements for construction. Green Capital is required to raise the capital and build and operate the solar plant. See the “Risk Factors” contained in our quarterly report on Form 10-Q for the fiscal quarter ended December 31, 2024, which was filed with the Securities and Exchange Commission (the “SEC”) on February 19, 2025. On January 24, 2025, Insside entered into the preliminary agreement to purchase the surface rights of land that is located in Giulianova, Italy for construction of a solar plant. The surface area is 10,230 square meters. The agreement is for a term of 20 years. The parties agreed to a division of the earnings from energy sales as set forth in the agreement beginning 48 months after production of energy commences, as set forth in the agreement. Under the agreement, the seller committed to entrusting our subsidiary with the sale of all energy produced by the plant as the sole “dealer” and to assigning rooftop solar plant construction projects for at least 660 kW. Under the agreement, after the 48 month period following connection of the power plant, the surface right granted thereunder will terminate, and ownership of the plant will be retained by the seller. On January 27, 2025, Insside entered into a preliminary agreement with Green Capital, to assign the above purchased surface rights for the term of the agreement for construction. Green Capital is required to raise the capital and build and operate the solar plant. See the “Risk Factors” contained in our quarterly report on Form 10-Q for the fiscal quarter ended December 31, 2024, which was filed with the SEC on February 19, 2025. As a result of the agreements between Insside and Green Capital, Insside has assigned to Green Capital the surface rights and related rights and obligations under the agreements which Insside had entered into with the landowners. These agreements are currently in a waiting phase as Green Capital seeks to locate sources of capital to fund these arrangements. In the meantime, Insside's support and consultancy activities are ongoing, and the building permit applications are currently under review by the applicable authorities. On December 18, 2024, Insside entered into a preliminary agreement with Ingenera SRL, owner of the two power generation plants currently under construction in Mosciano, Italy, to carry out the activity of dealer for the sale of energy. The agreement is for a term of 20 years and the price reserved €0.14 per kWh produced. The agreement is with the right of withdrawal if within the first 3 months Ingenera does not reach the average rate of €0.14. The sum of €30,000 should paid at the stipulation of the preliminary contract, this amount shall be recovered in the first 8 months of operation in the sale of energy. As of now, the plants are still in the completion phase and are not yet capable of producing energy. Insside’s operations are expected to begin after Ingenera completes the plants and connects them to the national power grid. Only at that point will a definitive agreement be executed, based on the terms outlined in the preliminary contract dated December 18, 2024. Because these agreements and the potential business of Insside are preliminary in nature, no assurance can be given that the prospective transactions or operations contemplated thereby will occur or yield the results or benefits intended or anticipated. Insside has invested and intends to continue to invest in the software and resources necessary to develop this structure. We are currently in negotiations with other energy producers to purchase electricity from them and expand this line of business. Basis of Presentation The interim unaudited financial statements included herein have been prepared by the Company, pursuant to the rules and regulations of the Securities and Exchange Commission. In management's opinion, all adjustments (consisting of normal recurring adjustments and reclassifications) necessary to present fairly our results of operations and cash flows for the nine months ended March 31, 2025 and 2024, and our financial position as of March 31, 2025, have been made. The results of operations for such interim periods are not necessarily indicative of the operating results to be expected for the full year. Certain information and disclosures normally included in the notes to the annual financial statements have been condensed or omitted from these interim financial statements. Accordingly, these interim unaudited financial statements should be read in conjunction with the financial statements and notes thereto for the year ended June 30, 2024.

ORGANIZATION, DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION

9 Months Ended

Mar. 31, 2025

Organization, Consolidation and Presentation of Financial Statements [Abstract]

ORGANIZATION, DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION

NOTE 1- ORGANIZATION, DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION

Background

GHST World Inc. (“the Company,” “we,” “our” or “us”), is a Delaware corporation that was incorporated on November 12, 1999. The Company is a holding company for various technology and other activities. The Company has acquired and is developing several patents in the technology sector.

Recent Developments

The Company is adding to its core focus by undertaking to enter the clean energy production and trading sector. Summaries of key agreements the Company’s subsidiary, Insside World Inc. (“Insside”), has entered to are described below. Management believes that the Company has reached a point where the losses from its existing business are no longer justifiable. As a result, in an attempt to provide shareholder value, Insside has entered into a series of agreements to acquire surface rights which are similar to land leases. In addition, Insside is transacting with a new special purpose entity, Green Capital SRL (“Green Capital”), an Italian company in Bergamo, which is charged with the duty of raising substantial capital to build solar plants. Green Capital will be operated by our Chief Executive Officer, Roberto Castellazzi. Mr. Castellazzi will not receive any compensation for his role with Green Capital during this preliminary phase. Compensation will only be applicable if Green Capital secures the necessary funding and construction of the solar plants begins. At that point, Mr. Castellazzi expects to receive approximately $20,000 for his services in the first year and approximately $40,000 in the second year assuming current exchange rates. Upon construction of two solar plants, the Company’s subsidiary will purchase the electricity and resell it to third parties.

The agreements discussed below and the contemplated business of these entities in this enterprise generally envision that Green Capital will fund and construct the solar plants, and operate such plants when they are completed, with Insside acting as exclusive dealer by purchasing and selling the electricity produced from the plants to third parties, and providing consulting services on the construction and operation of the plants. Green Capital will receive any revenues generated from future energy production and sales. Insside will act as the exclusive distributor of the produced energy, deriving proceeds from its purchase of energy and resale of the energy at market prices. Green Capital is owned by a third party which is subject to a contractual arrangement affording certain rights relating to that entity to the Company’s Chief Executive Officer, including the right to obtain a majority of the equity interests of that entity in the future. The Company and Insside expect to enter into one or more further agreements with Green Capital to evidence and govern the intended economic rights among the parties.

On November 25, 2024, Insside entered into a preliminary agreement to purchase the surface rights of land located in Morro D’Oro, Italy for the construction of a solar plant. The surface area of the land is 62,926 square meters. The agreement is for a term of 20 years. Insside agreed to a per-square meter payment amount for the surface rights and an annual lump sum payment as compensation for the energy produced for the duration of the contract; if Insside is unable to sell the energy produced for at least six consecutive months, then such compensation shall not be payable.

On November 29, 2024, Insside entered into a preliminary agreement with Green Capital to assign the above purchased surface rights for the term of the agreements for construction. Green Capital is required to raise the capital and build and operate the solar plant. See the “Risk Factors” contained in our quarterly report on Form 10-Q for the fiscal quarter ended December 31, 2024, which was filed with the Securities and Exchange Commission (the “SEC”) on February 19, 2025.

On January 24, 2025, Insside entered into the preliminary agreement to purchase the surface rights of land that is located in Giulianova, Italy for construction of a solar plant. The surface area is 10,230 square meters. The agreement is for a term of 20 years. The parties agreed to a division of the earnings from energy sales as set forth in the agreement beginning 48 months after production of energy commences, as set forth in the agreement. Under the agreement, the seller committed to entrusting our subsidiary with the sale of all energy produced by the plant as the sole “dealer” and to assigning rooftop solar plant construction projects for at least 660 kW. Under the agreement, after the 48 month period following connection of the power plant, the surface right granted thereunder will terminate, and ownership of the plant will be retained by the seller.

On January 27, 2025, Insside entered into a preliminary agreement with Green Capital, to assign the above purchased surface rights for the term of the agreement for construction. Green Capital is required to raise the capital and build and operate the solar plant. See the “Risk Factors” contained in our quarterly report on Form 10-Q for the fiscal quarter ended December 31, 2024, which was filed with the SEC on February 19, 2025.

As a result of the agreements between Insside and Green Capital, Insside has assigned to Green Capital the surface rights and related rights and obligations under the agreements which Insside had entered into with the landowners. These agreements are currently in a waiting phase as Green Capital seeks to locate sources of capital to fund these arrangements. In the meantime, Insside's support and consultancy activities are ongoing, and the building permit applications are currently under review by the applicable authorities.

On December 18, 2024, Insside entered into a preliminary agreement with Ingenera SRL, owner of the two power generation plants currently under construction in Mosciano, Italy, to carry out the activity of dealer for the sale of energy. The agreement is for a term of 20 years and the price reserved €0.14 per kWh produced. The agreement is with the right of withdrawal if within the first 3 months Ingenera does not reach the average rate of €0.14. The sum of €30,000 should paid at the stipulation of the preliminary contract, this amount shall be recovered in the first 8 months of operation in the sale of energy. As of now, the plants are still in the completion phase and are not yet capable of producing energy. Insside’s operations are expected to begin after Ingenera completes the plants and connects them to the national power grid. Only at that point will a definitive agreement be executed, based on the terms outlined in the preliminary contract dated December 18, 2024.

Because these agreements and the potential business of Insside are preliminary in nature, no assurance can be given that the prospective transactions or operations contemplated thereby will occur or yield the results or benefits intended or anticipated.

Insside has invested and intends to continue to invest in the software and resources necessary to develop this structure. We are currently in negotiations with other energy producers to purchase electricity from them and expand this line of business.

Basis of Presentation

The interim unaudited financial statements included herein have been prepared by the Company, pursuant to the rules and regulations of the Securities and Exchange Commission. In management's opinion, all adjustments (consisting of normal recurring adjustments and reclassifications) necessary to present fairly our results of operations and cash flows for the nine months ended March 31, 2025 and 2024, and our financial position as of March 31, 2025, have been made. The results of operations for such interim periods are not necessarily indicative of the operating results to be expected for the full year.

Certain information and disclosures normally included in the notes to the annual financial statements have been condensed or omitted from these interim financial statements. Accordingly, these interim unaudited financial statements should be read in conjunction with the financial statements and notes thereto for the year ended June 30, 2024.

GHST World Inc. 10-Q