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Condensed Consolidated Statements of Cash Flows
6 Months Ended
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Cash flow from operating activities:    
Net income (loss) $ (1,041,671) $ (40,965)
Adjustment to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 215,369 12,154
Fair value of vested stock options 61,714 301,737
Fair value of vested restricted common stock 1,105,606 482,327
Fair value of vested unrestricted common stock 0 68,272
Modification cost of accelerated vesting of restricted common stock 20,949 0
Changes in operating assets and liabilities:    
Accounts receivable (681,502) 8,159
Prepaid expenses and other current assets (67,986) (67,603)
Prepaid royalties 121,100 805,436
Accounts payable and accrued expenses 81,078 (974,931)
Deferred revenue (241,545) 428,999
Net cash provided by (used in) operating activities (426,888) 1,023,585
Cash flow from investing activities:    
Purchase of property and equipment (55,763) (18,876)
Payment for non-refundable deposit for asset acquisition 0 (297,450)
Net cash used in investing activities (10,079,509) (316,326)
Cash flow from financing activities:    
Common stock repurchase (68,748) (48,729)
Payment of contingent acquisition consideration (278,195) 0
Net cash used in financing activities (346,943) (48,729)
Effect of exchange rate changes 5,666 859
Net decrease in cash and cash equivalents (10,847,674) 659,389
Cash and cash equivalents, beginning of period 13,545,333 10,603,175
Cash and cash equivalents, end of period 2,697,659 11,262,564
Supplemental disclosures of cash flow information:    
Cash paid for income taxes 39,459 4,915
Non-cash investing and financing activities:    
Contingent consideration accrual on asset acquisition 36,364 0
Resolute    
Cash flow from investing activities:    
Payment for acquisition, net of cash acquired (2,718,253) 0
Scite    
Cash flow from investing activities:    
Payment for acquisition, net of cash acquired $ (7,305,493) $ 0