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Balance Sheets - USD ($)
Mar. 31, 2022
Jun. 30, 2021
CURRENT ASSETS:    
Cash and cash equivalents $ 15,572,134 $ 20,516,677
Prepaid expenses 337,182 307,102
Deferred financing costs 37,408  
Total current assets 15,946,724 20,823,779
PROPERTY AND EQUIPMENT    
Property and equipment 14,582,652 14,333,666
Accumulated depreciation (5,777,932) (5,248,765)
Property and equipment, net 8,804,720 9,084,901
TRADEMARK AND PATENTS    
Trademark and patents 458,954 458,954
Accumulated amortization (115,038) (108,836)
Trademark and patents, net 343,916 350,118
OTHER ASSETS    
Service agreements 45,702  
Security deposits 3,515 3,515
Total other assets 49,217 3,515
Total assets 25,144,577 30,262,313
CURRENT LIABILITIES:    
Accounts payable 122,987 200,016
Accounts payable - related party 73,587 31,539
Loan payable 164,905 95,306
Accrued expenses 25,252 24,285
Total current liabilities 386,731 351,146
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:    
Common stock, $0.001 par value; 150,000,000 shares authorized, 11,554,476 and 11,515,170 shares issued and outstanding, at March 31, 2022 and June 30, 2021, respectively 11,554 11,515
Additional paid-in capital 145,457,987 144,284,593
Accumulated deficit (120,712,179) (114,385,313)
Total stockholders' equity 24,757,846 29,911,167
Total liabilities and stockholders' equity 25,144,577 30,262,313
Series A Convertible Preferred Stock    
STOCKHOLDERS' EQUITY:    
Series A Convertible Preferred stock, $0.001 par value, 10,000,000 shares designated, 484,195 and 371,490 shares issued and outstanding, at March 31, 2022 and June 30, 2021, respectively $ 484 $ 372