v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
Mar. 31, 2026
Mar. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income (Loss) $ (4,592,609) $ (7,255,839)
Adjustment to reconcile net income (loss) to net cash    
Amortization of interest on promissory note receivable (21,384)
Depreciation & amortization expense 30,610 28,399
Stock based compensation expense for services 838,102 600,484
Realized (gain)/loss (29,977)
Unrealized (gain)/loss on change in fair value of investment, related party 4,101,402
Unrealized (gain)/loss on change in fair value of short-term investments 255,527 (20,801)
Change in assets and liabilities :    
Interest receivable (8,584)
Prepaid expense (372,610) (116,934)
Accounts payable 125,508 (300,974)
Accrued expenses (76,563) (6,547)
NET CASH USED IN OPERATING ACTIVITIES (3,851,980) (2,970,810)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of short-term investments (24,191,968) (6,030,113)
Redemption of short term investments 7,158,583
NET CASH USED IN INVESTING ACTIVITIES (17,033,385) (6,030,113)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Purchase of Series C preferred shares (1,000,000)
Promissory note receivable (400,000)
Repayment of related party note payable (45,829)
Net proceeds from common stock purchase agreements 731,877 2,201,925
NET CASH PROVIDED BY FINANCING ACTIVITIES (668,123) 2,156,096
Effect of exchange rate translation on cash (2,074)
Net increase (decrease) in cash and cash equivalents (21,555,562) (6,844,827)
Cash and cash equivalents - beginning of period 34,628,625 39,044,795
Cash and cash equivalents - end of period 13,073,063 32,199,968
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 240,000 220,000
Discount on promissory note receivable $ 50,000