XML 43 R32.htm IDEA: XBRL DOCUMENT v3.24.2.u1
RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS (Details) - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2024
Dec. 31, 2023
Sep. 30, 2023
Mar. 31, 2023
Dec. 31, 2022
Sep. 30, 2022
Mar. 31, 2024
Mar. 31, 2023
Jun. 30, 2023
Jun. 30, 2022
Indefinite lived intangible assets $ 10,755,255           $ 10,755,255   $ 42,611,000  
Total assets 178,089,340           178,089,340   58,300,796  
Accumulated deficit (308,947,816)           (308,947,816)   (244,029,253)  
Total stockholders' equity 134,405,556 $ 43,595,536 $ 46,746,312 $ 66,128,153 $ 66,899,356 $ 70,324,842 134,405,556 $ 66,128,153 46,502,111 $ 72,618,848
Total liabilities and stockholders' equity 178,089,340           178,089,340   $ 58,300,796  
Total operating expenses 51,380,840     4,063,436     64,535,029 15,621,918    
Loss from operations (51,380,840)     (4,063,436)     (64,535,029) (15,621,918)    
Net loss (51,214,414) $ (4,529,121) $ (9,175,028) (4,328,296) $ (4,457,748) $ (7,699,760) (64,918,563) (16,485,804)    
Comprehensive loss $ (50,153,213)     $ (4,330,406)     $ (63,854,711) $ (16,487,753)    
Net loss per share $ (0.48)     $ (0.08)     $ (0.82) $ (0.30)    
Diluted net loss per share $ (0.48)     $ (0.08)     $ (0.82) $ (0.30)    
Previously Reported [Member]                    
Indefinite lived intangible assets $ 44,945,255           $ 44,945,255      
Total other assets 210,570,510           210,570,510      
Total assets 212,279,340           212,279,340      
Accumulated deficit (274,757,816)           (274,757,816)      
Total stockholders' equity 168,595,556           168,595,556      
Total liabilities and stockholders' equity 212,279,340           212,279,340      
Intangible asset impairment             8,421,000      
Total operating expenses 17,190,840           30,345,029      
Loss from operations (17,190,840)           (30,345,029)      
Net loss (17,024,414)           (30,728,563)      
Comprehensive loss $ (15,963,213)           $ (29,664,711)      
Net loss per share $ (0.16)           $ (0.39)      
Diluted net loss per share $ (0.16)           $ (0.39)      
Revision of Prior Period, Adjustment [Member]                    
Indefinite lived intangible assets $ (34,190,000)           $ (34,190,000)      
Total other assets (34,190,000)           (34,190,000)      
Total assets (34,190,000)           (34,190,000)      
Accumulated deficit (34,190,000)           (34,190,000)      
Total stockholders' equity (34,190,000)           (34,190,000)      
Total liabilities and stockholders' equity (34,190,000)           (34,190,000)      
Intangible asset impairment             34,190,000      
Total operating expenses 34,190,000           34,190,000      
Loss from operations (34,190,000)           (34,190,000)      
Net loss (34,190,000)           (34,190,000)      
Comprehensive loss $ (34,190,000)           $ (34,190,000)      
Net loss per share $ (0.32)           $ (0.43)      
Diluted net loss per share $ (0.32)           $ (0.43)      
Restated [Member]                    
Indefinite lived intangible assets $ 10,755,255           $ 10,755,255      
Total other assets 176,380,510           176,380,510      
Total assets 178,089,340           178,089,340      
Accumulated deficit (308,947,816)           (308,947,816)      
Total stockholders' equity 134,405,556           134,405,556      
Total liabilities and stockholders' equity 178,089,340           178,089,340      
Intangible asset impairment             42,611,000      
Total operating expenses 51,380,840           64,535,029      
Loss from operations (51,380,840)           (64,535,029)      
Net loss (51,214,414)           (64,918,563)      
Comprehensive loss $ (50,153,213)           $ (63,854,711)      
Net loss per share $ (0.48)           $ (0.82)      
Diluted net loss per share $ (0.48)           $ (0.82)