v3.25.2
Fair Value Measurements - Changes in the fair value of financial liabilities (Details)
6 Months Ended
Dec. 31, 2024
USD ($)
Fair Value Measurements  
Fair value as of beginning of the year $ 7,350,083
Initial fair value at issuance 7,213,234
Settlement of Extension Note (33,000)
Repayment of Notes (152,998)
(Gain) Loss due to extinguishment of debt (5,000)
Shares issued upon conversions of portion of notes (1,287,657)
(Gain) Loss on change in fair value $ (6,163,662)
(Gain) Loss on change in fair value, Income Statement Location Change in fair value of financial instruments
Fair value as of end of the year $ 6,921,000
Extension Note - Bifurcated Derivative  
Fair Value Measurements  
Fair value as of beginning of the year 33,000
Settlement of Extension Note (33,000)
Exchange Note  
Fair Value Measurements  
Fair value as of beginning of the year 6,155,925
Repayment of Notes (61,429)
Shares issued upon conversions of portion of notes (1,067,740)
(Gain) Loss on change in fair value (3,527,756)
Fair value as of end of the year 1,499,000
Quantum Convertible Note  
Fair Value Measurements  
Initial fair value at issuance 4,618,234
(Gain) Loss on change in fair value (1,370,234)
Fair value as of end of the year 3,248,000
Additional Bridge Notes  
Fair Value Measurements  
Fair value as of beginning of the year 466,646
Repayment of Notes (52,680)
Shares issued upon conversions of portion of notes (140,417)
(Gain) Loss on change in fair value (273,549)
Equity Line of Credit  
Fair Value Measurements  
Fair value as of beginning of the year 694,512
(Gain) Loss on change in fair value (614,512)
Fair value as of end of the year 80,000
ELOC Commitment Fee Note  
Fair Value Measurements  
Initial fair value at issuance 595,000
(Gain) Loss due to extinguishment of debt (5,000)
Shares issued upon conversions of portion of notes (79,500)
(Gain) Loss on change in fair value (510,500)
September 2024 Convertible Note  
Fair Value Measurements  
Initial fair value at issuance 2,000,000
Repayment of Notes (38,889)
(Gain) Loss on change in fair value 132,889
Fair value as of end of the year $ 2,094,000