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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (15,799,095) $ (13,932,551)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 40,154 23,854
Cash received in excess of gain on termination agreement 0 10,376,205
Decrease in right-of-use asset 179,572 152,447
Unrealized foreign currency transaction loss 126,719 745,002
Stock-based compensation 1,256,168 1,683,857
Changes in operating assets and liabilities:    
Accounts receivable 996,452 (446,623)
Prepaid expenses and other assets 679,986 (1,818,695)
Inventories 83,104 (213,293)
Accounts payable (480,470) 458,821
Accrued expenses 380,822 (399,536)
Operating lease liabilities (175,825) (145,167)
Other liabilities 0 (7,091,452)
Net cash used in operating activities (12,712,413) (10,607,131)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (146,862) 0
Net cash used in investing activities (146,862) 0
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payment of withholding taxes related to restricted stock units (208,270) (89,029)
Payment of finance lease obligations (7,959)  
Proceeds from exercise of warrants 280,000 0
Proceeds from exercise of stock options 16,132 0
Net cash provided by (used in) financing activities 79,903 (89,029)
NET DECREASE IN CASH AND CASH EQUIVALENTS (12,779,372) (10,696,160)
CASH AND CASH EQUIVALENTS, beginning of period 60,104,919 82,852,270
CASH AND CASH EQUIVALENTS, end of period 47,325,547 72,156,110
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for interest $ 8,404 $ 9,360