Summary of Significant Accounting Policies (Tables)
|
9 Months Ended |
Mar. 31, 2025 |
|---|
| Summary of Significant Accounting Policies [Abstract] |
|
| Schedule of Cash and Cash Equivalents |
The following table provides detail of our cash
and cash equivalents.
| | |
March 31,
2025 | | |
June 30, 2024 | |
| Cash | |
$ | 28,241,720 | | |
$ | 29,365,997 | |
| U.S. Treasury bills | |
| 3,958,248 | | |
| 9,678,798 | |
| Total cash and cash equivalents | |
$ | 32,199,968 | | |
$ | 39,044,795 | |
|
| Schedule of Short Term Investments |
The following table provides detail of our short-term
investments as of March 31, 2025, which consisted of U.S. Treasury bills with an original maturity of more than three months.
| Purchase Date | | Maturity Date | | Cost Basis of
Investment | | | Fair Value of
Investment | | | January 31, 2025 | | May 6, 2025 | | $ | 988,956 | | | $ | 995,883 | | | February 14, 2025 | | May 27, 2025 | | | 988,085 | | | | 993,404 | | | February 28, 2025 | | June 10, 2025 | | | 988,123 | | | | 991,853 | | | March 7, 2025 | | June 17, 2025 | | | 1,086,983 | | | | 1,090,165 | | | March 21, 2025 | | June 24, 2025 | | | 988,996 | | | | 990,200 | | | March 28, 2025 | | July 1, 2025 | | | 988,970 | | | | 989,409 | | | | | | | $ | 6,030,113 | | | $ | 6,050,914 | |
|
| Schedule of Property and Equipment are Stated at Cost and are Depreciated Using Straight Line Over its Estimated Useful Lives |
Property and equipment
are stated at cost and are depreciated using straight line over their estimated useful lives.
| Computers and peripheral equipment | | 5 Years | | Vehicle | | 5 Years |
|
| Schedule of Intangible Assets that Have Finite Useful Lives |
Intangible assets that have finite useful lives continue to be amortized over their useful
lives. | | | Useful Lives | | March 31,
2025 | | | June 30, 2024 | | | | | | | | | | | | | Trademark-gross | | 10 years | | $ | 1,142 | | | $ | 1,142 | | | Less accumulated amortization | | | | | (913 | ) | | | (827 | ) | | Trademark-net | | | | $ | 229 | | | $ | 315 | | | | | | | | | | | | | | | Patents-gross | | 15 years | | $ | 101,143 | | | $ | 101,143 | | | Less accumulated amortization | | | | | (47,833 | ) | | | (42,909 | ) | | Patents-net | | | | $ | 53,310 | | | $ | 58,234 | |
|
| Schedule of Future Amortization Expense of Intangible Assets |
Future Amortization Expense
| Year | |
Amount | |
| 2025 (remaining) | |
$ | 1,670 | |
| 2026 | |
| 6,679 | |
| 2027 | |
| 6,650 | |
| 2028 | |
| 6,565 | |
| 2029 | |
| 6,565 | |
| Thereafter | |
| 25,410 | |
| | |
$ | 53,539 | |
|
| Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis |
Assets and liabilities measured at fair value on a recurring basis are as follows:
| | |
Total | | |
(Level 1) | | |
(Level 2) | | |
(Level 3) | |
| Assets: | |
| | |
| | |
| | |
| |
| Equity securities, related party | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | - | |
| Short-term investments | |
| 6,050,914 | | |
| 6,050,914 | | |
| - | | |
| - | |
| | |
$ | 6,050,914 | | |
$ | 6,050,914 | | |
$ | - | | |
$ | - | |
| | |
Total | | |
(Level 1) | | |
(Level 2) | | |
(Level 3) | |
| Assets: | |
| | |
| | |
| | |
| |
| Equity securities, related party (see Note 7) | |
$ | 4,101,402 | | |
$ | - | | |
$ | 4,101,402 | | |
$ | - | |
| | |
$ | 4,101,402 | | |
$ | - | | |
$ | 4,101,402 | | |
$ | - | |
|