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RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS | 3 Months Ended
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Sep. 30, 2024
Restatement Of Previously Issued Financial Statements |
RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS | NOTE 2 — RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS During the preparation of the Company’s Form 10-Q for the period ended December 31, 2024, the Company determined that certain warrants which were exercised during the three months ended March 31, 2024, had not been appropriately reflected as a component of the change in fair value of the contingent consideration for the year ended June 30, 2024. The number of shares underlying these warrants was 3,425,399 which had a fair value of $7,775,656 on the date of exercise. The impact of the restatement on these financial statements by line item is as follows:
Schedule of restatement on these financial statements |  |  |  |  |  |
|  | As Reported |  | Change |  | As Restated
Common stock |  | $ | 15,763 |  |  | $ | 343 |  |  | $ | 16,106 |
Additional paid-in capital |  | $ | 460,665,481 |  |  | $ | 7,775,313 |  |  | $ | 468,440,794 |
Accumulated deficit |  | $ | (368,891,461 | ) |  | $ | (7,775,656 | ) |  | $ | (376,667,117 | )

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