v3.26.1
Segment
 6 Months Ended
Dec. 31, 2025
Segment [Abstract]  
Segment

Note 10 – Segment

 

In accordance with ASC 280, Segment Reporting, an operating segment is identified as a component of an enterprise that engages in business activities about which separate discrete financial information and operating results is the Company’s chief operating decision maker (“CODM”) has been identified as the Chief Executive Officer. The Company operates and manages its business as a single segment – in the research and development of the Company’s product candidates. The Company’s CODM assesses performance for the segment and decides how to allocate resources by regularly reviewing the segment net loss that also is reported as unaudited condensed consolidated net loss on the unaudited condensed consolidated statement of operations and comprehensive loss, after taking into account the Company’s strategic priorities, its cash balance, and its expected use of cash. Further, the CODM reviews and utilizes functional expenses (i.e., research and development, and general and administrative) at the consolidated level to manage the Company’s operations. Other segment items included are share-based compensation, interest income and other income, net, which are reflected in the segment and consolidated net loss. The measure of segment assets is reported on the unaudited condensed consolidated balance sheet as total consolidated assets.

 

The following table presents financial information, including significant segment expenses, which are regularly provided to the CODM and included within segment and consolidated net loss:

 

   For the six months ended December 31, 
   2025   2024 
         
Expenses        
Operating expenses, excluding share-based compensation, depreciation and amortization expense:        
Selling and marketing  $2,454   $7,329 
General and administrative          
Salaries and related benefit   405,485    468,429 
Professional fees   2,390,134    94,245 
Rental expenses   190,927    274,908 
Other expenses*   259,985    355,087 
    3,246,531    1,192,669 
Research and development          
Salaries and related benefit   266,452    266,211 
Supplies and materials   37,333    35,990 
Other expenses*   109,822    122,495 
    413,607    424,696 
Share-based compensation          
General and administrative   1,634,608    218,700 
Research and development   2,423    82,685 
    1,637,031    301,385 
Depreciation   40,839    51,756 
Total operating expenses   5,340,462    1,977,835 
Operating loss   (5,340,462)   (1,977,835)
Other income, net   22,475    124,222 
Income tax expense   
-
    
-
 
Segment and consolidated net loss   (5,317,987)   (1,853,613)

 

* Other expenses include travelling, transportation, entertainment and other sundries expenses.