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Balance Sheets - USD ($)
Jun. 30, 2023
Jun. 30, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 19,460,883 $ 18,641,716
Investments in U.S. Treasury Bills 14,477,726
Prepaids and other assets 102,526 137,879
Total current assets 34,041,135 18,779,595
Operating lease right-of-use assets 80,789 118,254
Intangible assets, net 637,095 866,472
Goodwill 345,711 345,711
Other assets, non-current 4,562
TOTAL ASSETS 35,104,730 20,114,594
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 3,476,259 2,442,804
Current portion of other liabilities 48,385 1,304,925
Current portion of operating lease liabilities 44,909 38,884
Current portion of Note payable, net of financing cost, unearned premium and  discount of $894,926 at June 30, 2023 9,105,074
Warrant liabilities 894,280 194,531
Embedded derivative liability 925,762 188,030
 Total current liabilities 14,494,669 4,169,174
Other liabilities, net of current portion 48,385
Operating lease liabilities, net of current portion 42,505 87,414
Note payable, net of current portion, financing cost, unearned premium and  discount of $227,268 at June 30, 2023 and $2,861,314 at June 30, 2022 5,227,270 12,138,686
TOTAL LIABILITIES 19,764,444 16,443,659
STOCKHOLDERS’ EQUITY :    
Preferred stock; $0.001 par value; 10,000,000 shares authorized; 0 shares issued and outstanding
Common stock, $0.0001 par value; 800,000,000 shares authorized at June 30, 2023 and June 30, 2022, respectively; 36,451,829 shares issued of which 36,428,949 shares outstanding at June 30, 2023 and 24,984,083 issued and outstanding at June 30, 2022; 3,643 2,496
Additional paid in capital 316,385,759 254,638,329
Accumulated other comprehensive income 176,591  
Accumulated deficit (301,225,705) (250,969,890)
Treasury stock (2)
 Total stockholders’ equity 15,340,286 3,670,935
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 35,104,730 $ 20,114,594