INVESTMENT IN EQUITY SECURITIES	6 Months Ended
Dec. 31, 2024
Equity Method Investments and Joint Ventures [Abstract]
INVESTMENT IN EQUITY SECURITIES	NOTE 5 – INVESTMENT IN EQUITY SECURITIES During June of 2023 the Company made a $2,000,000 equity investment in Casa Azul Spirits, LLC, a tequila Company incorporated in Delaware, which gave the Company a 5% ownership stake. As the Company neither controls nor has significant influence over the investee, we recognize our investment in accordance with ASC 321, Equity Securities. Further, as the equity investment does not have a readily determinable fair value and does not qualify for the practical expedient to estimate fair value (outlined in ASC 820-10), the Company recognizes its investments in Casa Azul at cost minus impairment. The carrying amount of the investment in Casa Azul was $2,000,000 as of both December 31, 2024 and June 30, 2024. Further, the Company has not adjusted the cost of the investment, either upwards or downwards, since it made the initial investment. The Company considered the price per share disclosed in recent subscription agreements issued by Casa Azul in determining the carrying amount of the investment as of December 31, 2024.

INVESTMENT IN EQUITY SECURITIES

6 Months Ended

Dec. 31, 2024

Equity Method Investments and Joint Ventures [Abstract]

NOTE 5 – INVESTMENT IN EQUITY SECURITIES

During June of 2023 the Company made a $2,000,000 equity investment in Casa Azul Spirits, LLC, a tequila Company incorporated in Delaware, which gave the Company a 5% ownership stake. As the Company neither controls nor has significant influence over the investee, we recognize our investment in accordance with ASC 321, Equity Securities. Further, as the equity investment does not have a readily determinable fair value and does not qualify for the practical expedient to estimate fair value (outlined in ASC 820-10), the Company recognizes its investments in Casa Azul at cost minus impairment.

The carrying amount of the investment in Casa Azul was $2,000,000 as of both December 31, 2024 and June 30, 2024. Further, the Company has not adjusted the cost of the investment, either upwards or downwards, since it made the initial investment. The Company considered the price per share disclosed in recent subscription agreements issued by Casa Azul in determining the carrying amount of the investment as of December 31, 2024.

Rivulet Entertainment, Inc. 10-Q