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Debt (Tables) | 3 Months Ended
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Sep. 30, 2024
Debt Disclosure [Abstract] |
Summary of Debentures | At September 30, 2024 and June 30, 2024, the Debenture consisted of the following:
|  | September 30, 2024 |  |  | June 30, 2024 |
Debt liability of royalty convertible debenture before issuance costs |  |  | $ | 12,239,622 |  |  |  | $ | 12,239,622 |
Less: unamortized issuance costs |  |  |  | (739,594 | ) |  |  |  | (783,099 | )
Net debt liability of royalty convertible debenture |  |  |  | 11,500,028 |  |  |  |  | 11,456,523 |
Derivative liability of royalty convertible debenture |  |  |  | 3,406,016 |  |  |  |  | 3,642,105 |
|  |  | $ | 14,906,044 |  |  |  | $ | 15,098,628 |
Components of Recorded Interest Expense | The following table summarizes the components of recorded interest expense:
|  | Three Months Ended September 30, 2024 |  |  | Three Months Ended September 30, 2023 |
Royalty Convertible Debenture |  | $ | 383,334 |  |  | $ | — |
2019 Secured Convertible Notes (1) |  |  | — |  |  |  | 81,989 |
Bridge Promissory Note (2) |  |  | — |  |  |  | 45,370 |
Amortization of issuance costs on Royalty Convertible Debenture |  |  | 43,506 |  |  |  | — |
Amortization of discount and debt issuance costs on 2019 Secured Convertible Notes |  |  | — |  |  |  | 4,862 |
Total |  | $ | 426,840 |  |  | $ | 132,221 |
(1) The 2019 Secured Convertible Notes ("2019 Note") were repaid in December 2023. The 2019 Notes bore and interest rate of 7.5% per annum. (2) The Bridge Promissory Note ("Bridge Note") was repaid in December 2023. The Bridge Note bore an interest rate of 12% per annum.

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