v3.22.4
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Operating activities:    
Net loss $ (2,610,590) $ (1,226,345)
Adjustments to reconcile net loss to net cash used in operating activities:    
Issuance of shares for services 300,000
Amortization of deferred compensation 191,954 333,955
Partial refund of facility lease deposit 52,055
Stock based compensation expense 177,451 29,668
Depreciation and amortization expense 93,347 17,388
Change in prepaids & other current assets (191,638) (218,267)
Change in accounts payable 57,283 16,439
Change in accrued expenses & other current liabilities (19,002) 99,923
Net cash used in operating activities (2,001,195) (895,184)
Investing activities:    
Purchase of equipment (26,629) (265,741)
Payment for leasehold improvements (77,197) (304,507)
Net cash used in investing activities (103,826) (570,248)
Financing activities:    
Proceeds from Private Placement 1,426,615 206,930
Payment of other offering costs (45,000)
Net cash provided by financing activities 1,426,615 161,930
Net change in cash (678,406) (1,303,502)
Cash, beginning of period 3,740,722 6,787,250
Cash, end of period $ 3,062,316 $ 5,483,748

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