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Condensed Consolidated Statements of Operations and Other Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2025
Mar. 31, 2024
Income Statement [Abstract]        
Revenue $ 15,000,000   $ 15,662,715  
Operating expenses:        
Research and development 1,616,011 $ 1,198,546 5,253,953 $ 6,321,691
General and administrative 1,406,796 1,195,485 5,702,807 6,092,809
Total operating expenses 3,022,807 2,394,031 10,956,760 12,414,500
Income (loss) from operations 11,977,193 (2,394,031) 4,705,955 (12,414,500)
Other income (loss):        
Interest income, net 12,741 52,615 79,452 193,770
Gain (loss) on foreign currency transactions 172,946 216,847 522,410 (148,296)
Research and development incentive award (5,227) 271 301,006 94,981
Gain (loss) on fair value adjustments (976,678) (637,467) 2,703,438 (584,299)
Total other income (loss) (796,218) (367,734) 3,606,306 (443,844)
Income (loss) before income tax expense 11,180,975 (2,761,765) 8,312,261 (12,858,344)
Income tax benefit (expense) 81,186 (16,383) 201,764 53,204
Net Income (loss) 11,262,161 (2,778,148) 8,514,025 (12,805,140)
Other comprehensive loss:        
Unrealized loss on foreign currency translation (195,818) (561,948) (898,870) (174,332)
Total other comprehensive loss: (195,818) (561,948) (898,870) (174,332)
Comprehensive income (loss) $ 11,066,343 $ (3,340,096) $ 7,615,155 $ (12,979,472)
Net income (loss) per share - basic $ 6.55 $ (2.83) $ 5.56 $ (15.2)
Weighted-average common shares outstanding - basic 1,719,073 981,040 1,530,091 842,431
Net income (loss) per share - diluted $ 6.55 $ (2.83) $ 3.75 $ (15.2)
Weighted-average common shares outstanding - diluted 1,719,073 981,040 1,530,091 842,431