Government Grant and Tax Credit Awards (Tables)

12 Months Ended

Jun. 30, 2024

Government Grant And Tax Credit Awards

Schedule of Effects of Government Grants

The table below summarizes the effects of government grants on the consolidated financial statements for the fiscal years ended June 30:

	2024			2023
Reductions to research and development costs	$	(2,317,987	)	$	(902,525	)
Reductions to property and equipment costs		(1,025,347	)		-
Total cost reductions due to grant reimbursements received	$	(3,343,334	)	$	(902,525	)