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Consolidated Statements of Cash Flows
3 Months Ended
Sep. 30, 2022
USD ($)
Sep. 30, 2021
USD ($)
Cash flow from operating activities:    
Net loss $ 214,565 $ (372,002)
Adjustment to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 5,812 2,896
Fair value of vested stock options 40,706 71,999
Fair value of vested restricted common stock 134,655 99,111
Fair value of vested unrestricted common stock 68,272 0
Changes in operating assets and liabilities:    
Accounts receivable 81,756 14,767
Prepaid expenses and other current assets 70,908 62,439
Prepaid royalties 710,640 639,765
Accounts payable and accrued expenses (1,037,057) (225,462)
Deferred revenue (181,378) (365,760)
Net cash provided by (used in) operating activities 108,879 (72,247)
Cash flow from investing activities:    
Purchase of property and equipment (3,681) (3,643)
Payment for non-refundable deposit for asset acquisition (297,450) 0
Net cash used in investing activities (301,131) (3,643)
Cash flow from financing activities:    
Common stock repurchase (18,062) (54,481)
Net cash provided by (used in) financing activities (18,062) (54,481)
Effect of exchange rate changes (5,172) (2,630)
Net increase (decrease) in cash and cash equivalents (215,486) (133,001)
Cash and cash equivalents, beginning of period 10,603,175 11,004,337
Cash and cash equivalents, end of period 10,387,689 10,871,336
Supplemental disclosures of cash flow information:    
Cash paid for income taxes $ 4,133 $ 5,770