XML 22 R12.htm IDEA: XBRL DOCUMENT

CAPITAL STOCK

9 Months Ended

Mar. 31, 2025

5.	CAPITAL STOCK

On August 14, 2024 we entered into securities purchase agreements with institutional and accredited investors in addition to certain directors and officers of the Company for the purchase and sale of 265,868 shares of the Company’s common stock resulting in gross proceeds of approximately $1.4 million before deducting placement agent commissions and other estimated offering expenses. Net proceeds were $1,204,542.

On February 19, 2025, the Company entered into securities purchase agreements with institutional and accredited investors for the sale of 1,272,500 shares of the Company’s common stock in a registered direct offering at a purchase price of $4.00 per share. The offering closed on February 21, 2025 with net proceeds after transaction costs of $5,053,000.