XML 14 R7.htm IDEA: XBRL DOCUMENT v3.25.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Mar. 31, 2025
Sep. 30, 2024
Mar. 31, 2024
Sep. 30, 2023
Mar. 31, 2025
Mar. 31, 2024
Jun. 30, 2024
Cash flows from operating activities:              
Net income (loss) $ 11,262,161 $ (804,787) $ (2,778,148) $ (5,472,568) $ 8,514,025 $ (12,805,140) $ (15,500,000)
Adjustments to reconcile net loss to net cash used in operating activities:              
Share-based compensation         65,505 707,092  
Depreciation and amortization expense         497,265 497,306  
Non-cash rent expense         91,762 88,609  
Change in fair value of accompanying warrant liability         (2,770,375) 0  
Change in fair value of contingent consideration         66,937 584,299  
Effect of foreign currency remeasurement         (633,539) 59,898  
Changes in assets and liabilities:              
Accounts receivable, non-trade         102,292 320,380  
Prepaid insurance expense         437,868 164,273  
Accounts payable         (1,498,326) (858,952)  
Accrued expenses and other current liabilities         (778,432) (221,054)  
Operating lease liabilities         (98,558) (88,801)  
Deferred tax liability         (201,803) (104,380)  
Contingent consideration         (133,080)    
Other non-current liabilities         761 (13,517)  
Net cash provided by (used in) operating activities         3,662,302 (11,669,987)  
Cash flows from financing activities:              
Proceeds from the sale of equity, net of issuance costs         823,601 7,987,228  
Net cash provided by financing activities         823,601 7,987,228  
Effect of exchange rate on changes on cash, cash equivalents, and restricted cash         (53,356) 4,607  
Net increase (decrease) in cash, cash equivalents, and restricted cash         4,432,547 (3,678,152)  
Cash, cash equivalents, and restricted cash, beginning of period   $ 12,686,935   $ 12,181,944 12,686,935 12,181,944 12,181,944
Cash, cash equivalents, and restricted cash, end of period 17,119,482   8,503,792   17,119,482 8,503,792 12,686,935
Reconciliation of cash, cash equivalents, and restricted cash:              
Cash and cash equivalents 17,044,750   8,426,061   17,044,750 8,426,061 12,608,109
Restricted cash 74,732   77,731   74,732 77,731  
Total cash, cash equivalents, and restricted cash $ 17,119,482   $ 8,503,792   $ 17,119,482 $ 8,503,792 $ 12,686,935