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Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2022
Dec. 31, 2021
REVENUES        
Product revenue, net $ 1,026,416 $ 72,140 $ 1,896,070 $ 231,622
License and contract 0 250,000 0 250,000
Total revenues 1,026,416 322,140 1,896,070 481,622
OPERATING EXPENSES        
Cost of products sold 98,707 29,171 185,203 83,104
Research and development 4,367,538 5,426,397 10,394,569 8,911,161
Selling, general and administrative 3,174,344 3,317,760 6,683,142 7,154,302
Gain on purchase commitment (1,027,322) 0 (1,027,322) 0
Total operating expenses 6,613,267 8,773,328 16,235,592 16,148,567
Loss from operations (5,586,851) (8,451,188) (14,339,522) (15,666,945)
OTHER INCOME (EXPENSE)        
Investment income 186,473 1,563 274,962 2,973
Foreign currency loss (693,231) (234,078) (274,855) (126,719)
Interest expense (5,487) (2,773) (15,089) (8,404)
Total other income (expense), net (512,245) (235,288) (14,982) (132,150)
Loss before income taxes (6,099,096) (8,686,476) (14,354,504) (15,799,095)
Income tax benefit 4,674,999 0 4,674,999 0
NET LOSS $ (1,424,097) $ (8,686,476) $ (9,679,505) $ (15,799,095)
Basic and diluted net loss per common share $ (0.13) $ (0.91) $ (0.95) $ (1.66)
Weighted average number of common shares outstanding used in computing basic and diluted net loss per common share (Note 1) $ 10,802,863 $ 9,531,071 $ 10,215,616 $ 9,530,252