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Consolidated Statements of Operations (unaudited) - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2023
Mar. 31, 2022
REVENUES        
Product revenue, net $ 1,195,675 $ 216,097 $ 3,091,745 $ 447,719
License and contract 0 0 0 250,000
Total revenues 1,195,675 216,097 3,091,745 697,719
OPERATING EXPENSES        
Cost of products sold 129,235 46,908 314,438 130,012
Research and development 4,830,327 4,980,074 15,224,896 13,891,235
Selling, general and administrative 3,537,376 3,009,528 10,220,518 10,163,830
Gain on purchase commitment 0 0 (1,027,322) 0
Total operating expenses 8,496,938 8,036,510 24,732,530 24,185,077
Loss from operations (7,301,263) (7,820,413) (21,640,785) (23,487,358)
OTHER INCOME (EXPENSE)        
Investment income 234,044 1,127 509,006 4,100
Foreign currency (loss) gain (77,266) 190,719 (352,121) 64,000
Interest expense (3,434) (3,019) (18,523) (11,423)
Total other income (expense), net 153,344 188,827 138,362 56,677
Loss before income taxes (7,147,919) (7,631,586) (21,502,423) (23,430,681)
Income tax benefit 0 0 4,674,999 0
NET LOSS $ (7,147,919) $ (7,631,586) $ (16,827,424) $ (23,430,681)
Basic and diluted net loss per common share $ (0.63) $ (0.80) $ (1.59) $ (2.46)
Weighted average number of common shares outstanding used in computing basic and diluted net loss per common share (Note 1) 11,432,380 9,552,214 10,613,830 9,537,768