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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating Expenses    
General and administrative $ 24,557,608 $ 15,318,198
Research and development 2,708,829 4,165,197
Intangible asset impairment 42,611,000 18,960,000
Goodwill impairment 11,640,000 0
Depreciation and amortization 121,859 113,496
Total Operating Expenses 81,639,296 38,556,891
LOSS FROM OPERATIONS (81,639,296) (38,556,891)
Other Income (Expense)    
Change in fair value of contingent consideration 4,727,473 0
Loss on extinguishment of debt (1,303,578) 0
Loss on extinguishment of contingent consideration liability 0 (419,182)
Interest expense (1,011,322) (580,344)
Gain (loss) on foreign currency transactions 0 (1,019)
Interest income and other income (expense) (1,423,449) (126,620)
Total Other Income (Expense) 989,124 (1,127,165)
NET LOSS $ (80,650,172) $ (39,684,056)
BASIC NET LOSS PER COMMON SHARE $ (0.84) $ (0.71)
DILUTED NET LOSS PER COMMON SHARE $ (0.84) $ (0.71)
WEIGHTED AVERAGE NUMBER OF SHARES OF COMMON STOCK OUTSTANDING - BASIC 96,248,090 56,265,362
WEIGHTED AVERAGE NUMBER OF SHARES OF COMMON STOCK OUTSTANDING - DILUTED 96,248,090 56,265,362