v3.26.3
Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Jun. 30, 2025
Current assets:    
Cash and cash equivalents $ 7,492,014 $ 2,564,265
Accounts receivable 300,770
Other receivables 29,468
Prepaid expenses and other current assets 371,703 325,695
Total current assets 8,164,487 2,919,428
Property and equipment, net 118,064 129,444
Right-of-use assets - operating leases 219,677 161,166
Other assets 21,626 56,916
Total assets 8,523,854 3,266,954
Current liabilities:    
Accounts payable 1,109,552 6,998,806
Accrued expenses 504,158 881,412
Short-term operating lease liabilities 158,263 129,812
Total current liabilities 1,771,973 8,010,030
Long-term operating lease liabilities 65,416 33,969
Total liabilities 1,837,389 8,043,999
Commitments and contingencies (Note 12)
Stockholders’ equity (deficiency):    
Common stock of $0.01 par value – authorized 300,000,000 shares: issued and outstanding 1,779,275 shares as of June 30, 2026 and 929,597 shares as of June 30, 2025 17,793 9,296
Additional paid-in capital 474,120,392 454,287,484
Accumulated deficit (467,451,794) (459,073,899)
Total stockholders’ equity (deficiency) 6,686,465 (4,777,045)
Total liabilities and stockholders’ equity (deficiency) 8,523,854 3,266,954
Series A Convertible Preferred Stock [Member]    
Stockholders’ equity (deficiency):    
Preferred stock value 40 40
Series D Convertible Preferred Stock [Member]    
Stockholders’ equity (deficiency):    
Preferred stock value $ 34 $ 34