v3.22.2.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
 12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CONSOLIDATED STATEMENTS OF OPERATIONS    
Revenues $ 18,000 $ 0
Operating expenses:    
Research and development expenses 4,814,000 7,016,000
General and administrative expenses 1,223,000 963,000
Officers' payroll and payroll tax expenses 428,000 499,000
Professional fees 452,000 537,000
Total operating expenses 6,917,000 9,015,000
Other Operating Income and (Loss)    
Equity in loss from equity investment (22,000) 0
Total Other Operating Income and (Loss) (22,000) 0
Loss from operations (6,921,000) (9,015,000)
Other expenses    
Other income 172,000 0
Change in fair value of preferred stock (177,000) 0
Interest expense - debt (68,000) (155,000)
Interest expense - preferred stock (47,000) (4,702,000)
Total other expenses (120,000) (4,857,000)
Loss before provision for income taxes (7,041,000) (13,872,000)
Provision for income taxes 0 0
Net loss $ (7,041,000) $ (13,872,000)
Net loss per share, basic and diluted $ (0.01) $ (0.04)
Basic and Diluted Weighted Average Common Shares Outstanding $ 503,867,136 $ 386,163,208