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Consolidated Statements of Operations (unaudited) - USD ($)
3 Months Ended 6 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2023
Dec. 31, 2022
REVENUES        
Product revenue, net $ 2,034,113 $ 1,026,416 $ 4,140,090 $ 1,896,070
OPERATING EXPENSES        
Cost of products sold 97,637 98,707 97,637 185,203
Research and development 5,554,200 4,367,538 10,568,830 10,394,569
Selling, general and administrative 3,032,613 3,174,344 6,232,857 6,683,142
Gain on sale of Vyleesi (7,823,482) 0 (7,823,482) 0
Gain on purchase commitment 0 (1,027,322) 0 (1,027,322)
Total operating expenses 860,968 6,613,267 9,075,842 16,235,592
Income (loss) from operations 1,173,145 (5,586,851) (4,935,752) (14,339,522)
OTHER INCOME (EXPENSE)        
Investment income 62,026 186,473 133,656 274,962
Foreign currency (loss) gain (306,697) (693,231) (146,947) (274,855)
Interest expense (1,605) (5,487) (12,487) (15,089)
Offering expenses (696,912) (1,115,765) (696,912) (1,115,765)
Change in fair value of warrant liabilities (8,073,991) 5,247,308 (7,391,591) 5,247,308
Total other income (expense), net (9,017,179) 3,619,298 (8,114,281) 4,116,561
(Loss) Income before income taxes (7,844,034) (1,967,553) (13,050,033) (10,222,961)
Income tax benefit 0 4,674,999 0 4,674,999
NET (LOSS) INCOME $ (7,844,034) $ 2,707,446 $ (13,050,033) $ (5,547,962)
Basic and diluted net (loss) income per common share $ (0.56) $ 0.25 $ (0.99) $ (0.54)
Weighted average number of common shares outstanding used in computing basic and diluted net (loss) income per common share 14,097,757 10,802,863 13,134,228 10,215,616