EQUITY (Tables)
|
6 Months Ended |
Dec. 31, 2025 |
| Equity [Abstract] |
|
| SCHEDULE OF WARRANTS OUTSTANDING |
The
remaining outstanding warrants as of December 31, 2025 are:
SCHEDULE
OF WARRANTS OUTSTANDING
| | |
Warrants Outstanding | | |
Exercise Price | | |
Expiration Date |
| | |
| | |
| | |
|
| July 2021 IPO | |
| 87,500 | | |
$ | 7.00 | | |
June 2026 |
| November 2021 SPA | |
| 481,000 | | |
$ | 1.75 | | |
November 2026 |
| November 2021 SPA | |
| 169,000 | | |
$ | 1.75 | | |
May 2027 |
| Total | |
| 737,500 | | |
| | | |
|
|
| SCHEDULE OF STOCK OPTION FAIR VALUE ASSUMPTION |
Stock
options have been recorded at their fair value. The Black-Scholes option-pricing model assumptions used to value the issuance of stock
options under the Plan for the specific periods below are noted in the following table:
SCHEDULE
OF STOCK OPTION FAIR VALUE ASSUMPTION
| | |
2025 | | |
2024 | | |
2025 | | |
2024 | |
| | |
For the Three Months Ended December 31, | | |
For the Six Months Ended December 31, | |
| | |
2025 | | |
2024 | | |
2025 | | |
2024 | |
| Weighted average expected terms (in years) | |
| 5.5 | | |
| 6.0 | | |
| 5.8 | | |
| 6.0 | |
| Weighted average expected volatility | |
| 120.3 | % | |
| 81.5 | % | |
| 125.3 | % | |
| 87.4 | % |
| Weighted average risk-free interest rate | |
| 3.9 | % | |
| 3.6 | % | |
| 4.0 | % | |
| 3.8 | % |
| Expected dividend yield | |
| 0.0 | % | |
| 0.0 | % | |
| 0.0 | % | |
| 0.0 | % |
|
| SUMMARY OF STOCK OPTION ACTIVITY |
The
following is a summary of the Company’s stock option activity for the six months ended December 31, 2025 and 2024, excluding the
executive Target Options:
SUMMARY
OF STOCK OPTION ACTIVITY
| | |
| | |
Weighted Average | | |
| |
| | |
| | |
| | |
Remaining | | |
| |
| | |
| | |
Exercise | | |
Contractual | | |
Intrinsic | |
| | |
Options | | |
Price | | |
Term (Yrs) | | |
Value | |
| Outstanding as of July 1, 2025 | |
| 2,766,206 | | |
$ | 3.37 | | |
| 5.6 | | |
$ | - | |
| Options granted | |
| 216,000 | | |
| 2.13 | | |
| 9.7 | | |
| - | |
| Options exercised | |
| - | | |
| - | | |
| 0.0 | | |
| - | |
| Options forfeited / cancelled | |
| (148,385 | ) | |
| 3.08 | | |
| 7.5 | | |
| - | |
| Outstanding as of December 31, 2025 | |
| 2,833,821 | | |
$ | 3.30 | | |
| 5.3 | | |
$ | - | |
| Exercisable as of December 31, 2025 | |
| 2,001,866 | | |
$ | 3.45 | | |
| 4.5 | | |
$ | - | |
| | |
| | |
Weighted Average | | |
| |
| | |
| | |
| | |
Remaining | | |
| |
| | |
| | |
Exercise | | |
Contractual | | |
Intrinsic | |
| | |
Options | | |
Price | | |
Term (Yrs) | | |
Value | |
| Outstanding as of July 1, 2024 | |
| 3,643,880 | | |
$ | 3.95 | | |
| 6.5 | | |
$ | - | |
| Options granted | |
| 196,301 | | |
| 2.50 | | |
| 9.6 | | |
| - | |
| Options exercised | |
| (35,600 | ) | |
| 2.50 | | |
| 2.3 | | |
| - | |
| Options forfeited / cancelled | |
| (760,304 | ) | |
| 4.54 | | |
| 7.5 | | |
| 2,886 | |
| Outstanding as of December 31, 2024 | |
| 3,044,277 | | |
$ | 3.73 | | |
| 5.9 | | |
$ | 528,944 | |
| Exercisable as of December 31, 2024 | |
| 1,751,773 | | |
$ | 3.93 | | |
| 4.6 | | |
$ | 252,829 | |
|
| SCHEDULE OF STOCK OPTION BASED EXPENSE |
The
Company’s stock option-based expense for the three months ended December 31, 2025 and 2024 consisted of the following:
SCHEDULE
OF STOCK OPTION BASED EXPENSE
| | |
2025 | | |
2024 | | |
2025 | | |
2024 | |
| | |
For the Three Months Ended | | |
For the Six Months Ended | |
| | |
December 31, | | |
December 31, | |
| | |
2025 | | |
2024 | | |
2025 | | |
2024 | |
| Stock option-based expense : | |
| | | |
| | | |
| | | |
| | |
| Research and development expenses | |
$ | 48,584 | | |
$ | (17,580 | ) | |
$ | 83,696 | | |
$ | 121,610 | |
| General and administrative expenses | |
| 137,734 | | |
| 108,835 | | |
| 222,417 | | |
| 221,843 | |
| Sales and marketing expenses | |
| 20,873 | | |
| (27,533 | ) | |
| 34,213 | | |
| 66,535 | |
| Board option expense | |
| 102,235 | | |
| 12,459 | | |
| 204,470 | | |
| 24,919 | |
| Total | |
$ | 309,426 | | |
$ | 76,181 | | |
$ | 544,796 | | |
$ | 434,907 | |
| Stock
option-based expense | |
$ | 309,426 | | |
$ | 76,181 | | |
$ | 544,796 | | |
$ | 434,907 | |
|