v3.24.0.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Operating activities:    
Net loss $ (2,610,829) $ (2,610,590)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of deferred compensation 18,938 491,954
Stock-based compensation expense 376,496 177,451
Depreciation and amortization expense 131,783 93,347
Change in accounts receivable (3,753)
Change in prepaids and other current assets (135,704) (191,638)
Change in accounts payable (298,974) 57,283
Change in accrued expenses and other current liabilities 41,698 (19,002)
Net cash used in operating activities (2,480,345) (2,001,195)
Investing activities:    
Purchase of equipment (164,290) (26,629)
Payment for leasehold improvements (77,197)
Net cash used in investing activities (164,290) (103,826)
Financing activities:    
Repurchase of common stock (4,001)
Proceeds from Private Placement, net of $124,385 offering costs 1,426,615
Net cash (used in) provided by financing activities (4,001) 1,426,615
Net change in cash (2,648,636) (678,406)
Cash, beginning of period 5,071,690 3,740,722
Cash, end of period $ 2,423,054 $ 3,062,316

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