CondensedStatements of Operations and Comprehensive Loss (Unaudited) - USD ($) |
3 Months Ended | 9 Months Ended | 12 Months Ended | |||
|---|---|---|---|---|---|---|
Mar. 31, 2025 |
Mar. 31, 2024 |
Mar. 31, 2025 |
Mar. 31, 2024 |
Jun. 30, 2024 |
Jun. 30, 2023 |
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| OPERATING EXPENSES: | ||||||
| Amortization of intangible assets | $ 57,344 | $ 57,344 | $ 172,033 | $ 172,033 | $ 229,377 | $ 229,377 |
| Research and development expenses | 1,344,991 | 5,700,447 | 8,042,379 | 21,046,369 | 23,100,394 | 33,299,503 |
| Selling, general and administrative expenses | 1,585,869 | 1,974,264 | 6,188,703 | 6,170,883 | 8,849,814 | 11,551,568 |
| TOTAL OPERATING EXPENSES | 2,988,204 | 7,732,055 | 14,403,115 | 27,389,285 | 32,179,585 | 45,080,448 |
| LOSS FROM OPERATIONS | (2,988,204) | (7,732,055) | (14,403,115) | (27,389,285) | (32,179,585) | (45,080,448) |
| OTHER EXPENSE (INCOME): | ||||||
| Change in fair value of derivative liabilities | (7,290) | (109,003) | (3,771) | (1,799,339) | (1,816,271) | 1,437,481 |
| Interest expense | 4,998 | 628,711 | 327,722 | 2,453,979 | 2,893,922 | 4,300,150 |
| Interest income | (197,494) | (183,933) | (674,087) | (864,186) | (1,136,703) | (562,264) |
| TOTAL OTHER (INCOME) EXPENSE, NET | (199,786) | 335,775 | (350,136) | (209,546) | (59,052) | 5,175,367 |
| NET LOSS | (2,788,418) | (8,067,830) | (14,052,979) | (27,179,739) | (32,120,533) | (50,255,815) |
| Deemed dividend related to ratchet adjustment to warrants | 886,423 | 369,465 | 886,423 | 886,423 | ||
| NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS | $ (2,788,418) | $ (8,954,253) | $ (14,422,444) | $ (28,066,162) | $ (33,006,956) | $ (50,255,815) |
| NET LOSS PER COMMON SHARE | ||||||
| - Basic | $ (0.15) | $ (2.00) | $ (1.07) | $ (7.04) | $ (7.30) | $ (15.47) |
| - Diluted | $ (0.15) | $ (2.00) | $ (1.07) | $ (7.04) | $ (7.30) | $ (15.47) |
| WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING | ||||||
| - Basic | 18,507,218 | 4,480,108 | 13,503,512 | 3,986,991 | 4,518,533 | 3,248,349 |
| - Diluted | 18,507,218 | 4,480,108 | 13,503,512 | 3,986,991 | 4,518,533 | 3,248,349 |
| NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS | $ (2,788,418) | $ (8,954,253) | $ (14,422,444) | $ (28,066,162) | $ (33,006,956) | $ (50,255,815) |
| Other comprehensive loss | ||||||
| Unrealized gain on available-for-sale investments | 176,591 | |||||
| Reclassification of unrealized gains on available-for-sale investments upon settlement | (176,591) | (176,591) | ||||
| Total other comprehensive loss | (176,591) | (176,591) | 176,591 | |||
| Comprehensive loss | $ (2,788,418) | $ (8,954,253) | $ (14,422,444) | $ (28,242,753) | $ (33,183,547) | $ (50,079,224) |
| X | ||||||||||
- References No definition available.
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- References No definition available.
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| X | ||||||||||
- Definition The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of paid and unpaid stock dividends declared for award under share-based payment arrangement. No definition available.
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- References No definition available.
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| X | ||||||||||
- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The difference between the book value and the sale price of options, swaps, futures, forward contracts, and other derivative instruments. This element refers to the gain (loss) included in earnings. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount, before tax, of income (loss) attributable to parent. Includes, but is not limited to, income (loss) from continuing operations, discontinued operations and equity method investments. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest income earned from interest bearing assets classified as other. No definition available.
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount after tax and reclassification adjustments of other comprehensive income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of expense for research and development. Includes, but is not limited to, cost for computer software product to be sold, leased, or otherwise marketed and writeoff of research and development assets acquired in transaction other than business combination or joint venture formation or both. Excludes write-down of intangible asset acquired in business combination or from joint venture formation or both, used in research and development activity. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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