Debt (Tables)

12 Months Ended

Jun. 30, 2025

Debt Disclosure [Abstract]

Summary of Debentures

At June 30, 2025 and at June 30, 2024, the Debenture consisted of the following:



		June 30, 2025					June 30, 2024

Debt liability of royalty convertible debenture before issuance costs			$	12,239,622				$	12,239,622
Less: unamortized issuance costs				(609,077	)				(783,099	)
Net debt liability of royalty convertible debenture				11,630,545					11,456,523
Derivative liability of royalty convertible debenture				4,077,929					3,642,105
			$	15,708,474				$	15,098,628

Components of Recorded Interest Expense

The following table summarizes the components of recorded interest expense:


		For the Year Ended June 30, 2025				For the Year Ended June 30, 2024
Royalty Convertible Debenture		$	1,516,667			$	775,001
2019 Secured Convertible Notes (1)			—				200,236
Bridge Promissory Note (2)			—				88,436
Amortization of issuance costs on Royalty Convertible Debenture			174,022				87,012
Amortization of discount and debt issuance costs on 2019 Secured Convertible Notes			—				4,862
Total		$	1,690,689			$	1,155,547

(1) The 2019 Secured Convertible Notes ("2019 Note") were repaid in December 2023. The 2019 Notes bore and interest rate of 7.5% per annum.

(2) The Bridge Promissory Note ("Bridge Note") was repaid in December 2023. The Bridge Note bore an interest rate of 12% per annum.