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Segment
 12 Months Ended
Jun. 30, 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 consolidated net loss on the 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 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 year ended June 30, 
   2025   2024   2023 
Expenses            
Operating expenses, excluding share-based compensation, depreciation and amortization expense:            
Selling and marketing  $8,014   $125,427   $262,664 
General and administrative               
Salaries and related benefit   912,948    1,214,852    1,369,575 
Professional fees   583,293    303,577    526,568 
Rental expenses   542,749    521,814    575,097 
Other expenses*   499,638    720,949    776,066 
    2,538,628    2,761,192    3,247,306 
Research and development               
Salaries and related benefit   593,804    606,761    712,062 
Supplies and materials   73,325    85,910    335,047 
Other expenses*   233,714    402,345    500,834 
    900,843    1,095,016    1,547,943 
Share-based compensation               
General and administrative   197,361    478,094    888,938 
Research and development   47,447    (28,783)   33,685 
    244,808    449,311    922,623 
Depreciation   77,692    305,780    293,135 
Total operating expenses   3,769,985    4,736,726    6,273,671 
Operating loss   (3,769,985)   (4,736,726)   (6,273,671)
Other income, net   185,772    373,505    211,342 
Income tax expense   
-
    
-
    
-
 
Segment and consolidated net loss   (3,584,213)   (4,363,221)   (6,062,329)

 

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