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Statements of Cash Flows - USD ($)
9 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (6,749,317) $ (11,571,963)
Adjustments to reconcile net loss to net cash used in operating activities    
Preferred shares issued as compensation 175,200 174,259
Loss on issuance of preferred shares for accounts payable- related party 0 142,669
Common shares issued as compensation and for services 137,288 290,250
Warrants granted to Scientific Advisory Board 4,951 3,885
Depreciation 522,172 518,536
Amortization of loan origination fees 18,013 11,463
Amortization 6,202 6,204
Change in fair value of derivative liabilities 0 5,845,313
Loss on disposal of property and equipment 2,026 0
Write-off of deferred financing costs 12,190 0
Gain on warrant settlement 0 (614,494)
Changes in operating assets and liabilities:    
Prepaid expenses 180,988 93,615
Other assets 10,158 11,688
Accounts payable (282,492) 152,281
Accounts payable - related party 21,495 4,372
Accrued expenses (45,012) (25,313)
NET CASH USED IN OPERATING ACTIVITIES (5,986,138) (4,957,235)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (154,122) (4,139)
NET CASH USED IN FINANCING ACTIVITIES (154,122) (4,139)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net proceeds from issuance of common stock 16,563,697 7,457,575
Proceeds from note payable -related party 0 1,100,000
Payment of note payable - related party (1,100,000) 0
Proceeds from loan payable 0 0
Payment of loan payable (132,513) (45,878)
NET CASH PROVIDED BY FINANCING ACTIVITIES 15,331,184 8,511,697
NET CHANGE IN CASH AND CASH EQUIVALENTS 9,190,924 3,550,323
Cash and cash equivalents at beginning of period 13,708,594 2,555,207
Cash and cash equivalents at end of period 22,899,518 6,105,530
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION:    
Interest paid 3,171 0
Non-cash Financing and Investing Activities:    
Directors and Officers Insurance Financed Through loan 235,476 155,173
Cashless exercise of warrants reclassed from warrant liability to common stock 0 1,153,881
Series A preferred stock issued for accounts payable-related party 0 250,000
Series A preferred stock issued for loan origination fee 0 39,301
Common stock issued to settle accounts payable $ 0 $ 52,000