v3.25.4
Condensed Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Dec. 31, 2025
Dec. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income (Loss) $ (3,058,226) $ (5,517,900)
Adjustment to reconcile net income (loss) to net cash (used in) provided by operating activities    
Depreciation & amortization expense 20,406 19,046
Stock based compensation expense for services 558,734 183,497
Realized (gain)/loss (25,148)
Unrealized (gain)/loss on change in fair value of investment, related party 114,681 4,101,402
Change in assets and liabilities:    
Interest receivable on certificate of deposit (4,869)
Prepaid expense 32,159 (164,585)
Accounts payable 148,811 (211,335)
Accrued expenses (83,058) 20,939
NET CASH USED IN OPERATING ACTIVITIES (2,296,510) (1,568,936)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of short-term investments (22,128,164)
Redemption of short term investments 5,202,829
NET CASH USED IN INVESTING ACTIVITIES (16,925,335)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Purchase of Series C preferred shares (1,000,000)
Repayment of related party note payable (45,829)
Net proceeds from common stock purchase agreements 2,201,925
NET CASH PROVIDED BY FINANCING ACTIVITIES (1,000,000) 2,156,096
Net increase (decrease) in cash and cash equivalents (20,221,845) 587,160
Cash and cash equivalents - beginning of period 34,628,625 39,044,795
Cash and cash equivalents - end of period 14,406,780 39,631,955
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Interest paid 626
Taxes paid
SUPPLEMENTAL DISCLOSURES OF NON CASH TRANSACTIONS    
Conversion of Series C Preferred shares to common stock $ 220,000