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Consolidated Statements of Operations (unaudited) - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2024
Mar. 31, 2023
REVENUES        
Product revenue, net $ 0 $ 1,195,675 $ 4,140,090 $ 3,091,745
OPERATING EXPENSES        
Cost of products sold 0 129,235 97,637 314,438
Research and development 7,159,686 4,830,327 17,728,516 15,224,896
Selling, general and administrative 2,033,410 3,537,376 8,266,267 10,220,518
Gain on sale of Vyleesi 25,202 0 (7,798,280) 0
Gain on purchase commitment 0 0 0 (1,027,322)
Total operating expenses 9,218,298 8,496,938 18,294,140 24,732,530
Loss from operations (9,218,298) (7,301,263) (14,154,050) (21,640,785)
OTHER INCOME (EXPENSE)        
Investment income 139,273 234,044 272,929 509,006
Foreign currency gain (loss) 215,600 (77,266) 68,653 (352,121)
Interest expense (1,254) (3,434) (13,741) (18,523)
Offering expenses 0 0 (696,912) (1,115,765)
Change in fair value of warrant liabilities 429,029 (1,521,413) (6,962,562) 3,725,895
Total other income (expense), net 782,648 (1,368,069) (7,331,633) 2,748,492
Loss before income taxes (8,435,650) (8,669,332) (21,485,683) (18,892,293)
Income tax benefit 0 0 0 (4,674,999)
NET LOSS $ (8,435,650) $ (8,669,332) $ (21,485,683) $ (14,217,294)
Basic and diluted net loss per common share $ (0.53) $ (0.76) $ (1.53) $ (1.34)
Weighted average number of common shares outstanding used in computing basic and diluted net loss per common share 15,792,421 11,432,380 14,013,848 10,613,830