Debt (Tables)

9 Months Ended

Mar. 31, 2025

Debt Disclosure [Abstract]

Summary of Debentures

At March 31, 2025 and June 30, 2024, the Debenture consisted of the following:

	March 31, 2025				June 30, 2024
Debt liability of royalty convertible debenture before issuance costs		$	12,239,622			$	12,239,622
Less: unamortized issuance costs			(652,583	)			(783,099	)
Net debt liability of royalty convertible debenture			11,587,039				11,456,523
Derivative liability of royalty convertible debenture			3,818,034				3,642,105
		$	15,405,073			$	15,098,628

Components of Recorded Interest Expense

The following table summarizes the components of recorded interest expense:

	Three Months Ended March 31, 2025		Three Months Ended March 31, 2024		Nine Months Ended March 31, 2025		Nine Months Ended March 31, 2024
Royalty Convertible Debenture	$	375,000	$	379,167	$	1,141,668	$	395,834
2019 Secured Convertible Notes (1)		—		—		—		200,236
Bridge Promissory Note (2)		—		—		—		88,436
Amortization of issuance costs on Royalty Convertible Debenture		43,506		43,506		130,516		43,506
Amortization of discount and debt issuance costs on 2019 Secured Convertible Notes		—		—		—		4,862
Total	$	418,506	$	422,673	$	1,272,184	$	732,874

(1) The 2019 Secured Convertible Notes ("2019 Note") were repaid in December 2023. The 2019 Notes bore and interest rate of 7.5% per annum.

(2) The Bridge Promissory Note ("Bridge Note") was repaid in December 2023. The Bridge Note bore an interest rate of 12% per annum.