v3.26.1
Condensed Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2026
Mar. 31, 2025
OPERATING EXPENSES:        
Amortization of intangible assets $ 57,344 $ 57,344 $ 172,033 $ 172,033
Research and development expenses 3,176,945 1,344,991 10,382,794 8,042,379
General and administrative expenses 2,151,088 1,585,869 6,377,450 6,188,703
TOTAL OPERATING EXPENSES 5,385,377 2,988,204 16,932,277 14,403,115
LOSS FROM OPERATIONS (5,385,377) (2,988,204) (16,932,277) (14,403,115)
OTHER (INCOME) EXPENSE:        
Change in fair value of derivative liabilities (7,290) (3,771)
Interest expense 5,967 4,998 13,923 327,722
Interest income (121,045) (197,494) (518,869) (674,087)
TOTAL OTHER INCOME, NET (115,078) (199,786) (504,946) (350,136)
NET LOSS (5,270,299) (2,788,418) (16,427,331) (14,052,979)
Deemed dividend related to ratchet adjustment to warrants 43,544 369,465
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (5,270,299) $ (2,788,418) $ (16,470,875) $ (14,422,444)
NET LOSS PER COMMON SHARE        
- Basic $ (0.70) $ (1.51) $ (2.35) $ (10.68)
- Diluted $ (0.70) $ (1.51) $ (2.35) $ (10.68)
WEIGHTED AVERAGE NUMBER OF COMMON  SHARES OUTSTANDING        
- Basic 7,543,923 1,850,722 7,019,677 1,350,352
- Diluted 7,543,923 1,850,722 7,019,677 1,350,352