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Equity Transactions (Tables)
9 Months Ended
Mar. 31, 2022
Schedule of estimation of estimated the fair value of the warrants granted

The Company estimated the fair value of the warrants granted to the Scientific Advisory Board on the date of grant using the Black-Scholes Option-Pricing Model with the following weighted-average assumptions:

Expected life (year)

    

4

 

Expected volatility

 

86.0-91.4

%

Expected annual rate of quarterly dividends

 

0.00

%

Risk-free rate(s)

 

0.615-1.870

%

Series A Preferred stock  
Schedule of fair value of Series A preferred Stock

The fair value of the Series A preferred stock was the following for the dates indicated:

Date

    

Shares

    

Value

07/31/2021

10,333

$

111,012

08/31/2021

129

 

1,718

09/30/2021

100,129

 

936,984

10/31/2021

129

 

2,166

11/30/2021

129

 

1,895

12/31/2021

129

 

2,060

01/31/2022

129

 

1,336

02/28/2022

129

1,008

03/01/2022

1,340

8,888

03/31/2022

129

923

112,705

$

1,067,990