Share-Based Payments (Tables)

9 Months Ended

Mar. 31, 2024

Share-Based Payments [Abstract]

Schedule of Assumptions Used in the Black-Scholes Model

The assumptions used in the Black-Scholes model during the nine months ended March 31, 2024, are set forth in the table immediately below:

	2024
Exercise price	$	0.37
Risk-free interest rate		3.95 - 4.30	%
Volatility		116 - 203	%
Expected life (years)		3.5 - 3.6
Dividend yield	$	0	%

Schedule of Changes in Outstanding Options

The following is a summary of changes in outstanding options from July 1, 2023 to March 31, 2024:

	Number			Weighted Average Exercise Price
Balance at July 1, 2023		102,642		$	31.28
Granted		580,400			0.37
Expired/Forfeited		(4,567	)		386.97
Balance at March 31, 2024		678,475		$	2.96
March 31, 2024:
Vested and exercisable		112,920		$	15.39
Unvested		565,555		$	0.47