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EARNINGS PER SHARE (Tables)

12 Months Ended

Jun. 30, 2023

Earnings Per Share [Abstract]

SCHEDULE OF COMPUTATION OF BASIC AND DILUTED NET LOSS PER SHARE

The following table presents the computation of basic and diluted net loss per common share:

SCHEDULE OF COMPUTATION OF BASIC AND DILUTED NET LOSS PER SHARE 

		2023				2022
		For the Year Ended
		June 30,
		2023				2022
Numerator:
Net loss		$	(28,563,283	)		$	(5,966,287	)
Denominator:
Weighted-average common shares outstanding for basic and diluted net loss per share			13,929,135				11,731,383
Basic and diluted net loss per share		$	(2.05	)		$	(0.51	)

SCHEDULE OF POTENTIALLY DILUTIVE SECURITIES

Potentially dilutive securities that were not included in the calculation of diluted net loss per share attributable to common stockholders because their effect would be anti-dilutive are as follows (in common equivalent shares):

 SCHEDULE OF POTENTIALLY DILUTIVE SECURITIES

		At June 30, 2023				At June 30, 2022
Stock Options			8,228,381				4,484,616
Warrants			837,500				837,500
Total			9,065,881				5,322,116

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- References

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

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