XML 71 R6.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Jun. 30, 2024
Jun. 30, 2023
Operating activities:        
Net loss $ (3,624,443) $ (2,610,829) $ (4,562,295) $ (5,379,582)
Adjustments to reconcile net loss to net cash used in operating activities:        
Issuance of shares for services     258,000
Amortization of deferred compensation 13,962 18,938 32,901 662,464
Stock-based compensation expense 316,194 376,496 732,167 448,444
Depreciation and amortization expense 202,306 131,783 311,185 206,458
Amortization of discount on convertible notes 427,819    
Changes in fair value of derivative liabilities 2,855,045    
Changes in operating assets and liabilities:        
Change in accounts receivable (1,264,628) (3,753) 129,235 (189,239)
Change in prepaids and other current assets (114,670) (135,704) (1,694) 7,719
Change in accounts payable (134,305) (298,974) (144,560) 347,697
Change in accrued expenses and other current liabilities (9,496) 41,698 48,282 67
Net cash used in operating activities (1,332,216) (2,480,345) (3,454,779) (3,637,972)
Investing activities:        
Purchase of equipment (40,797) (164,290) (321,838) (590,043)
Payment for leasehold improvements     (82,502)
Net cash used in investing activities (40,797) (164,290) (321,838) (672,545)
Financing activities:        
Repurchase of common stock (4,001) (4,001)
Proceeds from Private Placement, net of offering costs     5,641,485
Proceeds from convertible notes issuance 3,145,000    
Net cash provided by (used in) financing activities 3,145,000 (4,001) (4,001) 5,641,485
Net change in cash 1,771,987 (2,648,636) (3,780,618) 1,330,968
Cash, beginning of period 1,291,072 5,071,690 5,071,690 3,740,722
Cash, end of period $ 3,063,059 $ 2,423,054 $ 1,291,072 $ 5,071,690