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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
3 Months Ended 6 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Operating Expenses        
General and administrative $ 4,353,123 $ 3,616,392 $ 9,654,373 $ 11,906,602
Research and development 161,084 620,521 551,273 1,187,165
Goodwill impairment 47,614,729
Depreciation and amortization 32,109 33,162 64,494 60,422
Total Operating Expenses 4,546,316 4,270,075 57,884,869 13,154,189
LOSS FROM OPERATIONS (4,546,316) (4,270,075) (57,884,869) (13,154,189)
Other Income (Expenses)        
Change in fair value of contingent consideration (2,590,000) 6,660,000
Loss on extinguishment of debt (120,018)
Interest expense (98,891) (274,984) (348,971) (454,255)
Interest and other income (17,187) 15,938 109,411 24,313
Total Other Income (Expense) (2,706,078) (259,046) 6,420,440 (549,960)
NET LOSS $ (7,252,394) $ (4,529,121) $ (51,464,429) $ (13,704,149)
BASIC NET LOSS PER SHARE $ (0.04) $ (0.07) $ (0.32) $ (0.21)
DILUTED NET LOSS PER SHARE $ (0.04) $ (0.07) $ (0.32) $ (0.21)
WEIGHTED AVERAGE NUMBER OF SHARES OF COMMON STOCK OUTSTANDING - BASIC 161,825,205 65,852,497 160,909,289 65,166,625
WEIGHTED AVERAGE NUMBER OF SHARES OF COMMON STOCK OUTSTANDING - DILUTED 161,825,205 65,852,497 160,909,289 65,166,625